Morufu Lasisi  Bsc, FCCA, ACA

Morufu Lasisi Bsc, FCCA, ACA

Internal Auditor

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  • Timeline

  • About me

    Group Chief Financial Officer at Mojec International Limited

  • Education

    • Oxford Brookes University, United Kingdom

      2007 - 2010
      Bachelor's degree Applied Accounting First Class
    • The Polytechnic, Ibadan, Nigeria

      1990 - 1992
      National Diploma Accountancy Upper Credit
  • Experience

    • Premier Specialist Medical Centre

      Dec 2000 - Apr 2004
      Internal Auditor

      1. Controls of stock of drugs/consumables, foodstuffs, laboratory/x-ray equipment and consumables against pilfering, obsolescence, overstocking, stock out and wastages.2. Ensure that budgets are realistically prepared and that departmental heads keep within the budget.3. Review of Accounts prepared to ensure compliance with Standards.4. Attends monthly Management meetings where general administrative and financial issues are discussed for improvements.5. Recommending policy initiatives towards improvements in receivables management to reduce collection period while not alienating our Clients.6. Review bills prepared for Patients for accuracy.7. Was able to boost drugs revenue by 100% by ensuring zero stock out in all the drugs and consumables lines while reducing investment in drugs by 30% due to efficient stock management.8. Collection period of Patient Debtors was reduced on average by 60 days due to policies geared towards prompt invoicing and systematic follow up. Show less

    • United Geophysical Nigeria Limited

      May 2004 - Jul 2006
      Senior Internal Auditor

      -Internal control systems review and advice.-Seeing to the implementation of company's systems and procedures.-Advice on cost control and reduction strategies.-Supervises and coach internal Audit Staff for effectiveness and efficiency on the job.-Partake in Accounts close out meetings, Internal audit meetings and Taxation meetings.-Investigations and special assignments.

    • Animal Care Services Konsult Nig. Ltd.

      Aug 2006 - Mar 2012
      Chief Finance Officer

      1. Initiating financial policies and controls to boost profitability/liquidity. Admin expenses were saved by 60% within 6 months of employment.2. Efficient treasury management by sourcing least cost loans and reviewing interest charges by Banks. Over 20 million Naira excess charges were recovered within 1 year of employment.3. Managing working capital by introducing measures that will reduce investment in Stock and debtors while ensuring uninterrupted production/sales and good customers’ relationship. Debt collection days are continuously reduced. 4. Financial reporting that meet deadlines without compromising on quality of presentation in accordance with Accounting Standards.5. Introduced price survey to have a database of prices for bought-in materials for efficient purchasing of quality materials.6. Chair interview panels for recruitment and involve in policy initiatives aimed at motivation and coordinating Staff for optimum performance and goal congruence. 7. Acts as Top Management representatives in dealing with Bankers, Auditors, Government Agencies and other Stakeholders. 8. Financial planning; including budgeting and budgetary controls. Show less

    • PROPERTYMART REAL ESTATE INVESTMENT LTD

      Apr 2012 - Jun 2014
      Financial Controller/Chief Operating Officer

      1. Streamlining financial reporting in line with International Financial Reporting Standards in such areas of Revenue Recognition and matching of construction and Estate Development cost with Revenue.2. Construction cost control by introducing Bill of Quantities and valuation of milestones achieved by Contractors.3. Efficient treasury management by sourcing least cost loans, reviewing interest charges by Banks and maintaining good relationship with Bankers.4. Managing working capital by introducing measures that will boost liquidity like prompt collection of outstanding. 5. Financial reporting that meet deadlines without compromising on quality of presentation in accordance with Accounting Standards.6. Supervises Human Resources, ICT and Admin Departments towards value adding activities to the Company. More transparent Performance appraisal system was introduced.7. Supervises Abuja Branch on Technical, financial and administrative issues. 8. Acts as Top Management representatives in dealing with Bankers, Auditors, Contractors, outsourced services and other Stakeholders. 9. Financial planning; including budgeting and budgetary control Show less

    • NEW DAWN PROPERTIES LIMITED

      Jul 2014 - Feb 2015
      Consultant/Chief Operating Officer

      Packaged a proposal for a mass housing scheme for offshore investors with a target of $10million investment take off.

    • Mandilas Group Limited

      Mar 2015 - now

      Leading a team of dedicated and experienced Finance Personnel to add much more value to the bottom line of this Long established organization while carrying out traditional Accounting functions like book keeping and financial reporting. With over Sixty Years experience in Automobile sales and after sales services, Mandilas group has come of age and it's a great challenge for me coming in to provide leadership in finance function in this organization.

      • Financial Controller

        Mar 2015 - now
      • Financial Controller

        Mar 2015 - now
    • MOJEC International Limited

      Jun 2021 - now
      Group Chief Financial Officer
  • Licenses & Certifications

    • Association of Chartered Certified Accountant

      ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS
      Jun 2010