Experience

Honeywell Flour Mills Plc

• Nigeria
• Food and Beverage Manufacturing
• 500 - 600 Employee

• • Apr 2018 - Present

  • Strategised and provided overall direction for the organisation’s reporting, planning, treasury, tax and compliance, and cost management while ensuring they all align with the Company’s overall strategic objective.• Presented the quarterly report to the Statutory Board Audit Committee members on behalf of the Executive Management Committee of the Company on important issues that relate to the business as part of Corporate Governance compliance. • Coordinated the plan for organizing the Annual General Meetings of the Company and repeatedly ensured the timely completion of the Annual Reports and Accounts which leads to a successful conclusion of all Annual General Meetings.• Strategically led the business in securing fresh business support loans and restructuring existing loans in excess of over N30billion to longer-tenured credit facilities at single-digit interest rates support from available Real Sector Support Credit Lines/Intervention Funds from developmental banks such as the Central Bank of Nigeria or Bank of Industry.• Reduced the budgeted Finance Cost by about 25% through repeatedly renegotiating downward the pricing of the loan facilities which led to a reduction in the Weighted Average Cost from 15% in FY2019 to 11% achieved in the FY2020. • Achieved an overwhelming success in securing the substantial allocation of over 90% of forex requirements in FY19/20 and FY20/21 from the CBN official window leading to an exchange gain of over N2.5bn for the organization.• Utilised unconfirmed import finance lines and deferred payment arrangements to establish the LCs for the procurement of foreign inputs, which reduced the attendant cost of funding the importation of essential raw inputs required by the organisation operations. Show less

• • Jan 2006 - Mar 2018

  • Supervised the preparation and submission of periodic Financial Statements and Financial Reports including the Statutory Annual Reports and Accounts to Management and Statutory Regulatory Bodies such as the NSE and the FRC.• Successfully managed the interface between the foreign exchange and interest rate risks, and ensured an uninterrupted flow of forex to fund business operations and continuity at the peak of the dearth of foreign exchange in 2015/2016.• Actively participated in the successful merger of Honeywell Flour Mills Limited (HFML) and Honeywell Superfine Foods Limited (HSFL) to become Honeywell Flour Mills Plc (HFMP). • Pivotal in the development of the Business Plan that led to the conception of Honeywell Superfine Foods Limited (an erstwhile subsidiary of Honeywell Flour Mills Plc).• Served as the Team Member; Project Implementation Team; provided direct support to the Pioneer Managing Director of Honeywell Superfine Foods Limited.• Successfully handled the importation of all the Plant, Machinery, and Equipment (over 120 units of 40 feet containers) required to commence commercial business operations.• Project Lead; anchored the successful implementation of a new ERP (Enterprise Management Software) Microsoft Dynamics SL Software in 2006 for HSFL as well as Microsoft Dynamics AX Software in 2014 for HFMP.• Actively contributed to the setting up of the company, factory construction and the installation of the plant and equipment which led to the smooth commencement of full-fledged commercial business operations in 2006.• Packaged and structured the entire bank borrowing in 2004-2005 (over N6 Billion) used in executing the Business Plan of Honeywell Superfine Foods Limited. • Successfully restructured about 80% of the Bank debt portfolio of HSFL into 6 years’ long-term facility thereby aligning the financial commitment of the Company with the cash-flow pattern of the business. Show less



Honeywell Group Limited

• Nigeria
• Investment Management
• 1 - 100 Employee

• • Apr 2005 - Dec 2005

  • Reviewed business portfolio, and streamlined and restructure different business units within the Honeywell Group.• Coordinated the acquisition of shares to strengthen the Group’s investment in a leading telecoms company in Nigeria.• Oversaw the accurate and prompt collection of corporate performance metrics data, analysed and interpreted performance information; developed and distributed scorecards and other operational level metrics. • Identified and recommended continuous improvement opportunities to the management team, for performance analysis, benchmarking, and reporting practices to respond to organizational challenges.• Led the development of business performance management tools and measure systems, including Business Development, Business Incubation, and Business Planning to support business performance improvement. Show less

• • Jun 2003 - Apr 2005

  • Actively participated in the formulation of Corporate Strategies for the Group, also successfully arranged and structured funding for the various business initiative of the Honeywell Group.• Structured the refinancing of loans used for the Group’s Telecoms Investment, leading to a savings of about N450 Million, and also arranged the funding platforms for the Unit Companies, Start-Ups, and Special Purpose Vehicles within the Group. • Recommended the renegotiation of the funding structure and financial charges to fund a US$27 Million Oil Service contract thereby saving N230 Million; coordinated the Capital Allocation to Business Units and Group Treasury Activities.• Collaborated with department heads, development officers, and the management team in the creation and management of budgets for all departments, programs, and activities.• Managed a variety of fiscal and accounting functions in areas such as general accounting, accounts payable, payroll, auditing, bond administration, treasury management, and financial reporting. Show less

• • Oct 2000 - Jun 2003

• • Nov 1997 - Sep 2000

• • Nov 1995 - Oct 1997



Perpetual Savings and Loans Limited

• Lagos, Nigeria

• Finance and Administrative Officer

  • Nov 1993 - Mar 1995