Ben-Oscar Nwachukwu
Chartered Accountant, MBA ACTI FCA
25 A.K Horsefall, Off William Jumbo, Old GRA Port Harcourt,Rivers State
Summary
Results-driven professional offering over 25 years' success in leading complex operations in finance, due diligence, accounting, business assurance, strategy development and consulting in manufacturing organizations. Exceptionally talented in creating robust internal controls, operational risk management framework, guidelines, and procedures to support accounting and management functions, including budget administration. Prepared to bring talent and leadership to growing organization in rewarding executive-level role.
Overview
28
28
years of post-secondary education
30
30
years of professional experience
Work History
Group Financial Controller
The Ibeto Group Nigeria
01.2017 - Current
- Ensure a close working relationship with the Group Executive Chairman/CEO, Group Executive Director (Operations and Investments), and Senior Managers providing the strategic guidance required to support current activities and future growth.
- Prepare or direct preparation of monthly, quarterly and annual financial statements ensuring the integrity of the numbers and reporting at all times.
- Contribute fully to the development of strategies across all business units, challenging assumptions and decision making as appropriate and providing financial analysis and guidance on all activities, plans, targets and business drivers.
- Provide leadership to the finance, new projects and operations teams and ensuring that statutory and internal reporting are in accordance with all applicable laws and regulations.
- Implement and manage robust internal controls and document processes to ensure effective governance and integrity of management information.
- Co-ordinate internal and statutory audit of company accounts and financial transactions to ensure compliance with the Group accounting policies, relevant standards and other regulations.
Group Chief Internal Auditor
The Ibeto Group
12.2014 - 12.2016
- Set up and resourced the Group Internal Audit Division, prepared and secured Board approval for the Group Audit Charter
- Provided oversight for the Group-wide execution of risk-based audits focused on organization transformation. behavioral change and automation of business processes
- A member of the Group Executive Management Committee, provided effective leadership participation in the execution of plans, strategies, performance management and evaluation across business units.
- Developed the Group Corporate Governance and Risk Management Framework in support of the Group's projects toward securing lender's and investors funding for new cement, gas and food projects.
- Key resource person in the Group business restructuring projects, project financing, due diligence review with external financiers, lenders and investors.
Group Deputy General Manager - Internal Audit
The Dangote Group
01.2004 - 10.2014
- This period witnessed the massive transformation of the Dangote Group from a one company business to becoming a leading conglomerate comprising of different business units and listing in the capital market including Dangote Salt, Dangote Sugar, Dangote Flour and Dangote Cement.
- Was a key member of several internal teams working with several consultants - Mckinsey, Accenture, PwC and KPMG - on business process re-engineering, optimization, design and automation.
- Rising from Audit Controller in charge of Inventory Matters in 2004 and in furtherance of the restructuring project, was the Head, Audit & Risk Management, Dangote Salt Plc (now Nascon Allied Industries Plc) May 3 2005 - May 31, 2007; Head, Audit & Risk Management, Dangote Sugar Refinery Plc June 1, 2007 - December 31, 2009; Senior Manager - DGM, Dangote Industries Limited January 2, 2010 -May 7, 2014; Head, Internal Audit, Nascon Allied Industries Plc, May 8, 2014 - October 30, 2014.
- Led several audit engagements and reporting during the period between 2004 and 2014; led and served in several internal management committees including asset disposal and disciplinary committees
Head, Finance & Administration
Bio-Organics Nutrient Systems Limited
09.1999 - 07.2003
- Had overall responsibility for accounting, financial reporting, administration, human resources and logistics.
- Anchored the automation of business processes, implemented business and financial restructuring leading to the bringing on board, new investors to improve liquidity to meet future growth.
- Played in very active way, the role of the Chief Operating Officer overseeing accounting, reporting, general administration, human resources, importation of raw materials, production, sales & marketing, working capital management and improvement in P & L.
Associate Consultant
C.I. Onwuka & Co
04.1996 - 09.1999
- External auditing and financial reporting.
- General tax, financial and Management consulting.
Accountant
Model Engineering and Properties Limited
06.1991 - 01.1996
- General Ledger accounting and financial reporting.
- Project accounting and reporting.
- Managing compliance with tax authorities and national provident fund.
- Managing statutory audit and tax matters with external auditors.
Accountant
Segun Afowowe & Co
05.1990 - 05.1991
- General Ledger accounting and financial reporting.
- Project accounting and reporting.
- Managing compliance with tax authorities and national provident fund.
- Managed statutory audit with external auditors.
Education
MBA - Financial Management
Lagos State University
Ojo, Lagos 06.2006 - 05.2014
Advance Management Program Diploma - Advance Management Program (AMP)
Lagos Business School, Pan Atlantic University,
Lagos 02.2003 - 06.2003
Higher National Diploma (HND) - Accountancy
Auchi Polytechnic, Auchi
Auchi, Edo State 10.1983 - 06.1988
ACFE - Certification in Fraud Examination
Certified Fraud Examiners
Global 08.2013 - 08.2013
CRA; Fellowship - Risk Analysis And Management
Int. Academy Of Business & Financial Management
Global 11.2011 - 11.2011
MIOR - Certification in Operational Risk Management
Institute Of Operational Risk
United Kingdom 08.2011 - 08.2011
ACTI - Certification in Taxation Practice
Chartered Institute Of Taxation Of Nigeria
Nigeria 11.2000 - 11.2000
Short Training & Development Programs - Training And Development Programs And Certificatio
Training & Development
Global 01.2000 - 12.2014
Skills
Accountingundefined
Other Personal Info
Date of Birth: July 25, 1965
Additional Information
- Executed project financing solutions working with top-class consultants to raise funds from external investors, financiers and lenders for cement, gas and food projects at the Ibeto Group, Nigeria.
- Secured Board approval to re-engineer key business processes at the Ibeto Group with automation completed at one of the business units and the second currently on-going.
- Executed audit strategies and recovered huge sums from fraudulent schemes at the Ibeto Group
- Led effort to implement risk-based audit strategies at the Dangote Group (2005 – 2014) and implemented them across the Group.
- Under my team leadership, executed new audit strategies at the Dangote Group leading to huge recoveries and efficiency across business units.
- Reviewed co-sourcing audit engagement with PwC and achieved significant cost reduction running into million
- Significant contribution to the turnaround strategies of the Dangote Group, leading teams in business process reviews, governance reviews and training of personnel.
- Led the business re-organization and financial restructuring of the Bio-Organics Nutrient Systems Limited (1999 – 2003) attracting new investors and improved corporate governance
- Initiated and led the automation of the business processes at Bio-organics Nutrient Systems Limited in 1999.
Timeline
Group Financial Controller
The Ibeto Group Nigeria
01.2017 - Current
Group Chief Internal Auditor
The Ibeto Group
12.2014 - 12.2016
ACFE - Certification in Fraud Examination
Certified Fraud Examiners
08.2013 - 08.2013
CRA; Fellowship - Risk Analysis And Management
Int. Academy Of Business & Financial Management
11.2011 - 11.2011
MIOR - Certification in Operational Risk Management
Institute Of Operational Risk
08.2011 - 08.2011
MBA - Financial Management
Lagos State University
06.2006 - 05.2014
Group Deputy General Manager - Internal Audit
The Dangote Group
01.2004 - 10.2014
Advance Management Program Diploma - Advance Management Program (AMP)
Lagos Business School, Pan Atlantic University,
02.2003 - 06.2003
ACTI - Certification in Taxation Practice
Chartered Institute Of Taxation Of Nigeria
11.2000 - 11.2000
Short Training & Development Programs - Training And Development Programs And Certificatio
Training & Development
01.2000 - 12.2014
Head, Finance & Administration
Bio-Organics Nutrient Systems Limited
09.1999 - 07.2003
Associate Consultant
C.I. Onwuka & Co
04.1996 - 09.1999
Accountant
Model Engineering and Properties Limited
06.1991 - 01.1996
Accountant
Segun Afowowe & Co
05.1990 - 05.1991
Higher National Diploma (HND) - Accountancy
Auchi Polytechnic, Auchi
10.1983 - 06.1988