Connect with us

News

CELEBRATION OF LIFE: Nigeria Accounting Icon, Pa Akintola Williams, Passes Away At 104

Published

on

Akintola Williams
477 Views

The doyen of the accounting profession, Pa Akintola Williams, has passed away at the age of 104 years old.

Recall that the foremost accountant recently celebrated his 104th birthday on August 9.

Pa Williams is reputedly the first Sub-Saharan African to become a chartered accountant after he passed the qualifying examination of the Institute of Chartered Accountants of England and Wales (ICAEW) in 1949.

The icon played a leading role in the development of the accountancy profession in the country by facilitating the establishment of the Association of Accountants in Nigeria, which metamorphosed into the Institute of Chartered Accountants of Nigeria (ICAN).

He went on to become a founding member of ICAN and was also involved in establishing the Nigerian Stock Exchange, now the Nigerian Exchange Group.

A seasoned administrator, Williams was an outstanding accountant, management consultant and serial entrepreneur in his active working days.

After his early education in Nigeria, Williams obtained a Bachelor of Commerce Degree (majoring in Banking and Finance) from the University of London in 1946 before he qualified as a Chartered Accountant in England.

He worked with the Inland Revenue as an assessment officer from 1950 to 1952, when he left the civil service and founded Akintola Williams & Co., the first indigenous firm of chartered accountants in Africa (now Deloitte & Touche Nigeria).

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NMDPRA, EFCC Storm Illegal Chinese Refinery in Ogun (Video)

Published

on

091b51c4 06ff 4993 a757 f3d8142de62c.jpeg
50 Views

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and operatives of the Economic and Financial Crimes Commission (EFCC) on Tuesday stormed an illegal Chinese-operated refinery in Ogere-Remo, Ikenne Local Government Area of Ogun State.

The joint operation followed intelligence reports that revealed a well-fenced but crude yet technically sophisticated facility occupying more than three hectares of land.

During the inspection, officials observed underground tanks believed to have been used for heating and processing sludge oil, refining waste products, and substances suspected to be Automotive Gas Oil (AGO), popularly known as diesel. NMDPRA officials immediately sealed the facility.

Ogun State Coordinator of NMDPRA, Dr. Atilola Akinyemi, described the plant as a complete illegality operating without any permit from regulatory authorities.

“The underground storage facility behind the site has an estimated capacity of more than 90,000 litres, complete with underground heating systems, water hydrants for cooling, locally fabricated tanks and silos for separation,” Akinyemi told journalists.

He warned that if such adulterated products entered the market, they would pose serious risks to vehicles and engines. All recovered products have been confiscated by the Federal Government.

Director of the Department of Proceeds of Crime Management at the EFCC, Gbolahan Latona, stressed the need for collective patriotism in tackling economic crimes.

“Upon conclusion of investigation, the suspects will have their day in court and the proceeds of crime will be put to meaningful use,” Latona said.

Watch video below:

Continue Reading

News

Sanusi: Critics Are Not Enemies Of The Govt

” It’s not every time people talk about poverty or talk about difficulty that they’re just enemies of the government or making an attack on the president. That is not how to respond to economic distress,” he said.

Published

on

By

440px Sanusi Lamido Sanusi 01
80 Views

The Emir of Kano, Alhaji Muhammadu Sanusi II, has advised the Federal Government against treating every comment about the administration as an attack on President Bola Tinubu.

The royal father gave the advise on the occasion of the Oxford Global Think Tank Leadership Conference, organised by the Oxford Global Think Tan.

Speaking virtually to the audience at the event, on Tuesday, Sanusi advised the government to tolerate constructive criticism.

“It’s not every time people talk about poverty or talk about difficulty that they’re just enemies of the government or making an attack on the president. That is not how to respond to economic distress,” he said.

Continue Reading

News

Urbanisation: Lagos To Fall Behind Luanda as sub-Saharan Africa’s biggest city by 2050

The report titled ‘Sub-Saharan Africa’s Urban Awakening: Catalyzing Economic Growth and Job Creation’, also calculated that sub-Saharan Africa’s urban population will increase by 748 million between 2025 and 2050, reaching about 1.7 billion.

Published

on

By

Lagos announces eight month traffic diversion on Lekki Ajah corridor 696x392 1
66 Views

A report conducted by the World Bank and the European Commission’s Joint Research Centre, has projected that Angola’s capital, Luanda,will overtake Lagos as sub-Saharan Africa’s most populous city by 2050, rising by 78 percent from 11.4 million to 20.3 million.

The report titled ‘Sub-Saharan Africa’s Urban Awakening: Catalyzing Economic Growth and Job Creation’, also calculated that sub-Saharan Africa’s urban population will increase by 748 million between 2025 and 2050, reaching about 1.7 billion.

The report estimated that Luanda’s population would increase from 11.4 million in 2025 to 20.3 million in 2050, adding 8.9 million residents over the period.

Lagos, the region’s most populous city in 2025 with an estimated 12.8 million residents, is projected to grow to 16.2 million by 2050, an increase of more than 25 percent.

Despite the growth, Lagos is expected to fall behind Luanda, whose population is projected to exceed that of Nigeria’s commercial hub by 4.1 million.

“Over this period, the population of Angola’s capital city, Luanda, is projected to increase by 78 percent from 11.4 million to 20.3 million.

In doing so, Luanda will overtake Lagos as SSA’s most populous city,” the report said.

Continue Reading

Trending