ADEBOWALE ADEYEMI (B.SC, FCA)

Experience

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  Central Bank of Nigeria

  Mar 2004 - Apr 2009

  Senior Supervisor and Assistant Manager, Banking Supervision Dept

  I participated in Routine and Special Examination of Banks covering such areas as credit, accounts, internal control, H.R, internal control, anti-money laundering, among others. I also conducted special investigation on banks; carried out Capital Verification of Banks’ public offer; prepared certain routine schedules and carried out other ad-hoc assignments which includes supervision of junior staff in the running of departmental administrative activities, taking and preparation of minutes of meetings departmental executives and handling and managing of departmental petty cash system. Show less

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  Oceanic Bank Nigeria Limited

  Apr 2009 - Dec 2011

  Inspector, Control Group,

  At Oceanic Bank, I worked extensively in the Inspection and sometimes had to carry out investigation assignments. My work routine included the review of branches and head office departments’ activities; preparation of quality inspection reports based on observation and evidence; monitoring and keeping abreast of management policies and procedures; training of branch’s staff during audit exercise; conduct of yearly cash count exercise; yearly stock taking of fixed assets of assigned head office units; conduct of on-the-spot investigations where necessary and review/update of audit checklist and procedures. Furthermore, I was seconded for a period of two months to one of its subsidiaries (Oceanic Asset Management, Oceanic Capital, Limited) when there was a need to accelerate the preparation of its financial report. My role here included reconciliation of financial records, preparation of books of accounts and financial statements from inception date, interpretation of financial data and financial statements for purposes of strategic decision making by top management of the Oceanic Bank Group, designing an organizational accounting framework as well as setting up of accounting system of Oceanic Asset Management. Show less

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  Ecobank Nigeria

  Jan 2012 - Mar 2013

  Inspector, Internal Audit Group

  At Ecobank, I worked as a routine (field) inspector for four months before I was nominated as part of the team to set up and run the Follow-up Audit Unit. The details of my work routine includes designing of the Follow-up unit template and reporting format; follow up visits to branches, head office units subsidiaries; preparation of detailed and summarized follow-up reports based on available evidence to show level of compliance; collation/compilation of follow summary report for executive management; conduct of on-the-spot investigations, where necessary and the closure of weaknesses raised during audit exercise. Furthermore, i led the Inspection unit where i review of Branches’ and Head Office Departments’ activities; preparation of risk based audit reports based on observation and evidence; mmonitoring and keeping abreast of management policies and procedures; review of call-back process of branches for accuracy and completeness; conduct of on-the-spot investigations where necessary; training of branch’s staff during audit exercise and review/update of audit checklist and procedures. Show less

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  BACKLINK TECHNOLOGY SOLUTIONS LTD

  Apr 2013 - Mar 2015

  Chief Financial Officer / Management Accountant

  As the accountant and chief financial officer of the company, I was saddled with Financial Accounting Functions such as the preparation, examination and analysis of accounting records, financial statements and other financial reports to assess the accuracy, completeness and conformance to reporting and procedural standards; computation of taxes owed and preparation of returns, ensuring compliance with payment, reporting and other tax requirements; reporting regularly to management regarding the finances of the organization and establishment of tables of accounts and assignment of entries to proper accounts. Also i was in charge of the Cost and Management Accounting Functions where i was able to make analysis of business operations, trends, costs, revenues, financial commitments and obligations to project future revenues and expenses and providing advice to management as appropriate; champion the development and maintenance and analysis of budgets, preparation of periodic reports that compare budgeted costs to actual costs; led the estimation, computations and recommendations on projected cash flows of prospective projects and business lines using various parameters and involving various indices including time value of money; spotting of business leads and facilitating the process of winning them; handled projects and initiated the development of business leads and i spearheaded the process towards the set-up of the company’s training and professional development unit. Show less

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  AUST (African University of Science and Technology, Abuja)

  Apr 2015 - May 2018

  Internal Auditor

  I handled audit assignment for various donor funded projects and this ensured that the University got further funding worth millions of dollars from African Developmental Bank (ADB), World Bank, ACBF, Total and other donors. I set up and ensured stability of the Internal Audit Department and carried out audit assignments in such a man-ner that I ensured significant reduction in the breach of controls and non-compliance of staff and management. I have designed a risk-based annual audit work plan framework which ensures that the risks are detected and miti-gated before they crystalize so as to avoid financial and reputational loss for the University. As the Head, Internal Audit, I have led my audit teams to con-duct audits which are crafted in a manner as to produce findings that have reshaped the control landscape and management perspective within the Uni-versity. I followed up with the University Management to ensure the streamlin-ing of the procurement process and the take-off of the Central store to elimi-nate over-invoicing, diversion, collusion, undersupply and a host of practices that had cost the University millions of dollars prior to my joining the Institu-tion. The Internal Audit function, under watch has been instrumental to ensuring that AUST and NMI’s risk management, control, and governance processes, as designed and represented by management, is adequate and functioning. Areas of inadequacy and ineffectiveness of processes for controlling their ac-tivities and managing their risks have been detected and corrective measures put in place. I have provided advisory services which assist management in meeting its objectives; and help maintain a quality assurance program which assures the operation of internal auditing activities. There has been a signifi-cant improvement in the process of implementing significant new or chang-ing services, processes, operations, and control relating to their development and implementation. Show less

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  LACVIS Nigeria Limited

  Jun 2018 - May 2020

  Assistant General Manager, Finance and Admin

  I churned out several policy documents and i am leading strategic, tactical and operational changes as well as cultural changes that helped the Com-pany save millions. That is in addition to other routine engagements. Two Managers report to me directly in this role, the Administrative Manager and the Finance and Accounts Manager. I undertake the roles of the Chief Fi-nance Officer (CFO) and Chief Audit Officer (CAO) combined with my legiti-mate role as the Assistant General Manager (AGM).

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  Effanti Limited

  Nov 2020 - May 2021

  Chief Financial Officer

  At EFFANTI, I was responsible for setting the financial and general administrative structures. I am also responsible for liaising with various parties towards the fund raising and fund drive towards the projected exponential growth of the Company. This involves ensuring that the Company’s regulatory compliance is up to date and the internal controls are strengthened to work as they should.

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  White Tree Gourmet

  Jul 2021 - Oct 2021

  Chief Finance Officer

  In my capacity as the Group Chief Financial Officer, I had oversight of the finance and control functions across the Group, the Heads of Finance of the various subsidiaries within the Group as well as the Audit Function. In more specific details, I assisted with high-level decisions about policy and strategy and this involves helping with recruiting new staff members when necessary. I had oversight of the company’s fiscal activity, including budgeting, reporting, and auditing. ensure that legal and regulatory documents are filed and monitor compliance with laws and regulations. I identified and addressed financial risks and opportunities for the company. I supervised the financial reporting and budgeting team, and review financial reports for ways to reduce costs.I also worked closely with the CEO, ED, and COO to develop the strategic plan. Show less

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  Quest Oil and Engineering Services Limited

  Oct 2021 - now

  Head Internal Audit and Control

  As the Head of Internal Audit and Control, I had to revamp the Internal Audit and Control function of the company. The activities of the department have helped to recover lost funds and business and forestall further losses and fraud. As expected, I have applied my previous knowledge and broad experience as an ‘internal consultant’ to the Management especially on finance, risk, business and control with a view to ensuring the maximization of value for all stakeholders. I have oversight of the risk management function. I also work closely with the CEO and COO to develop strategy documents, while assisting the CEO with tracking of management deliverables. I am currently developing an automated compliance template for robust reporting.My previous experience as CFO has been useful in supporting the executive management in the area of financial strategy, fundraising activities, and debt recovery in the absence of a substantive CFO. Show less