Tunde Fowler Named Member of the International Experts Committee on Tax Matters [2017]

Tunde Fowler, Executive Chairman, Federal Inland Revenue Service (FIRS) has been named as a member of the International Experts Committee on Tax Matters by the United Nations Secretary-General, Mr. Antonio Guterres.

The committee has 25 members worldwide.

Mr. Fowler’s appointment was conveyed by Bolaji Akinremi, Minister Plenipotentiary of Nigeria Permanent Mission, New York, in a mail to the FIRS.

Mr. Akinremi, in a mail to the FIRS, said:

“I have great joy to inform you that the UN Secretary-General, H.E Antonio Guterres, has appointed Mr. Babatunde Fowler as one of the 25 members of the prestigious International Experts Committee on Tax Matters for a four-year tenure to commence at the inauguration ceremony in Geneva on 1 October 2017. In addition to the notification of the appointment by the SG to the UN Economic Council already placed on the website of the Council, individual letters of appointment would be addressed to the appointee and the appointee is to formally accept the nomination through a letter of acceptance addressed to the UNSG through the Nigeria Permanent Mission New York. Please, express the heartfelt congratulations of the Permanent Representative of Nigeria to the UN, Ambassador Tijjani Muhammad-Bande, to Mr. Williams Babatunde Fowler on his appointment and a warm wish for a successful tenure.”

Mr. Tunde Fowler, who is also the Chairman of the African Tax Administration, Forum (ATAF), and the Joint Tax Board (JTB), was Chairman, Lagos Internal Revenue Service (LIRS). His sterling performance in Lagos led to a sharp rise in Internally Generated Revenue from an average of 3.6 billion monthly, as at January 2006, to an average of over 23 billion monthly as at June 2015.

Despite a challenging economy, with oil at under $50 per dollars for most part of 2016 and a sliding purchasing power, Mr. Tunde Fowler led FIRS to realise over 3.303 trillion in 2016.

With Mr. Fowler’s leadership, the FIRS got the ATAF Award for the best Innovation in Africa, with the FIRS e-Stamp Duty solution, while the Chartered Institute of Taxation, Ghana, CITG, honoured Mr. Fowler as a fellow of the Institute.

FIRS recently introduced six payment solutions: e-Registration, e-Stamp Duty, e-tax pay, Remita, e-Receipt, e-filing and e-Tax Clearance Certificate e-TCC- to make tax payment easy as ABC, anytime, anywhere.

Omobola Hollist Is Appointed AfDB Director, Financial Controls [2017]

The African Development Bank (AfDB) has announced as part of its senior leadership, the appointment of Ms. Omobola Hollist as Director, Financial Control Department with effect from 1st August 2017.

Ms. Hollist, a Nigerian national, brings to the role over 30 years of experience in the financial sector. Until this appointment, she was Manager of Disbursements since March 2007 and Acting Director, Financial Control Department, since October 2015 at the AfDB.
In her current roles, she has overseen the preparation of the Bank Group financial reports, ensured the maintenance of high fiduciary standards in Bank Group financed projects, and formulated and administered a broad range of financial policies and procedures relating to loan and grant administration.

She joined the African Development Bank in 1991 as a Loan Accounting Officer in the Loan Accounting & Statistics Division and managed a portfolio of loans/grants for a group of assigned countries. Between 1997 and 2001, she worked as Chief Financial Statistician in the Loan Accounting & Statistics Division. In addition to designing models to analyze and report on the Bank Group portfolio, she led the implementation of an integrated Treasury and Loan Management system for the Bank and was instrumental in the migration of over 30 years of the Project and Loan data and processes from a legacy system to an ERP system (SAP).

From 2001 to 2007, Ms. Hollist was Manager of the Loan Accounting and Statistics Division and in that role led a continuous review of business processes to enhance efficiency and internal controls through increased automation of processes.

Ms. Hollist started her career at Coopers & Lybrand, Lagos, Nigeria, in 1984 as a Management Consultant. Between 1987 and 1990, she worked for the Nigeria International Bank (Citibank) in several capacities. First, as Relationship Manager, then as Product Manager – Corporate Finance, and later, as Head of the Financial Institutions unit. During this period, she developed and obtained regulatory approval for a debt/debt program and led a comparative analysis for Nigerian banks resulting in the establishment and monitoring of exposure limits for the bank.

Ms. Hollist holds an MBA (Finance) degree from the CASS Business School, City University of London, United Kingdom and Bachelor of Science (Mathematics and Economics) degree from Newcastle University, Newcastle upon Tyne, United Kingdom.

Commenting on this appointment, President Akinwumi Adesina said:

“Omobola is a seasoned and well-accomplished professional with extensive experience within the Bank. She brings solid knowledge and experience on financial controls, passion, energy and proven thought-leadership to this critical role at the Bank. We are proud of her career track record in the Bank as well as her dependability. I have no doubt that she will be very successful in this role.”

Babatunde Osho Appointed AICPA & CIMA Africa Regional Board Member

Babatunde Osho has been appointed a member to the first Africa Regional Board by the American Institute of Certified Public Accountants (AICPA) and Chartered Institute of Management Accountants (CIMA) with effect from August 2017.

According to the Regional Vice-President of the Association, Badibanga Promesse:

“We are pleased to announce the appointment of Babatunde Osho and others from various countries to serve as board members for the next one year of extended term.

I look forward to some exciting time under the Association and cannot wait to get things in motion and provide excellent services to our members and students in Africa.”

Babatunde Osho, a multi-functional business professional is currently Director / CEO MTN Liberia.

The Regional Boards serve as a key conduit between the customers, stakeholders and the CGMA Board of Directors. They serve as the ‘eyes and ears’ of the profession from their individual and (geographical) representative perspective in identifying key macro and micro trends in the local marketplaces, impacting the customers and stakeholders understanding emerging issues with supply and demand of students, members, employers, universities and tuition providers.

The members of the Regional Boards can serve a maximum of three consecutive one year terms to provide continuity while also creating additional opportunities for a large and diverse stakeholders.

NIPOST Adopts What3words

The Nigerian Postal Service (NIPOST) has announced its adoption of the innovative global addressing system, what3words.

Nigeria is the seventh country to adopt the module globally and third in Africa. The system is already in use for mail delivery in Mongolia, Sint Maarten, Cote d’Ivoire, Djibouti, Tonga and Solomon Islands.

What3words has divided the world into 57 trillion and 3×3 metre square, each with a unique three-word address. The identities are memorable and easy to share via email, text or over the phone.

The what3words API is being integrated by businesses, apps and services across the world in a variety of sectors. It is also used by individuals via the free what3words app.

A document from the Ministry of Communications reveals that Nigeria’s current poor addressing system means that only 20 percent of her inhabitants receive mail at home. It revealed that 79 percent of homes and businesses cannot receive deliveries while the remaining one percent receives mails using one of the 478,000 post office boxes nationwide.

The Ministry explained that a postcode system does exist, adding that only five percent of mail get properly addressed, thus hampering the efforts of NIPOST to improve its service.

To this end, NIPOST aims to increase home delivery to 70 percent within the next two years and 90 percent by 2020 through the Mail for Every House Initiative (MEHI) and the adopted what3words.

With the new addressing system, it means that every home and business in Nigeria would have a simple, accurate and memorable address.

The document reads: “For example, ///bracelets.hesitations.mutes refers to the exact 3m x 3m square at the entrance to the main post office in Nigeria’s capital, Abuja.”

Currently in 14 languages, what3words is used in over 170 countries by governments, postal services, logistics companies, emergency services as well as non governmental organisations (NGOs) and individuals.

Joe Abah & Aliyu Giwa Win 2017 BTDT Hub Awards

Dr. Joe Abah and Aliyu Giwa have won the 2017 BTDT Hub Public Servant and Reformer of the Year Award and the Young Public Servant of the Year Award respectively.

Dr. Joe Abah is the Director-General, Bureau of Public Service Reforms (BPSR) and Aliyu Giwa is the Nigeria Police Force Assistant PRO.

The Awards were presented during the BTDT Hub Legendary Leadership Lessons 5.0 Conference in Lagos (#LLL 5.0) with the purpose of inspiring and empowering young Nigerians. The theme of the #LLL 5.0 Conference is ‘Empowering Young Nigerians in Leadership, Media and Journalism’.