Harboursandport.com: Lagos – January 20, 2024: Pioneer Chairman of the Institute of Chartered Accountants of Nigeria (ICAN) -Nigerian Insurers Association (NIA) Chapter, Dr. Emmanuel Otitolaiye, has said that he will uphold highest standards of professionalism, promoting excellence in the field of accounting.
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| L-R: Bola Odukale, director general/CEO, Nigerian Insurers Association (NIA); Etofolam Felix Osuji, 2nd vice president, Institute of Chartered Accountants of Nigeria (ICAN); Emmanuel Otitolaiye, chairman, ICAN NIA Chapter; Davidson Alaribe, diamond president, ICAN; Olufunso Otitolaiye, and Njum Uma-Onyemenam, accountant general of Abia State, during the inauguration of ICAN NIA Chapter by the ICAN president at the Insurers House, in Lagos |
Otitolaiye, who is also Chief Financial Officer(CFO) of Linkage Assurance Plc was invested the ICAN-NIA Chapter and recently inaugurated by the 60th President of ICAN, Davidson Alaribe in company of top accounting and insurance professionals in Nigeria at a ceremony held at Nigeria’s Insurers House in Victoria Island, Lagos.
Otitolaiye
in his acceptance speech at the event said “It is with great delight, sense of
responsibility and immense gratitude to the Almighty God that I stand before
this distinguished audience, today, to accept my election and formal
investiture as the Pioneer Chairman of the ICAN-NIA Chapter.”
He said that
he and his executive committee are committed to upholding the highest standards
of professionalism, promoting excellence in the field of accounting, and
advancing the interests of members.
“As we
navigate the ever-evolving landscape of business and finance, we must embrace
innovation and stay at the forefront of emerging trends and technologies. The
challenges we face require us to adapt, evolve, and continuously expand our
knowledge and skills.”
Dr.
Otitolaiye, pledging further said, “As chairman, I am dedicated to fostering a
culture of lifelong learning and professional development, ensuring that our
members have access to the resources and support they need to thrive in a
rapidly changing world.”
He stated
that his administration will focus on Membership Drive, Training and Events,
through collaboration and partnerships.
“Our Chapter
will actively seek opportunities to collaborate with organisations, regulatory
bodies, and academia to strengthen the profession, advocate interest of
members, and shape the future of the accounting profession in Nigeria.”
Davidson
Alaribe, the Diamond President ICAN in his speech at the investiture said, with
the inauguration of ICAN-NIA Chapter, accountants will be able to come together
and contribute to the development of the profession and the economy as a whole.
While
commending Dr Emmanuel Otitolaiye, the new chapter for working so hard and
building himself in the insurance and accounting profession to this level, he
said the younger accountants should borrow a leaf from the new chapter
chairman.
He urged the
younger people to take their destiny into their hands and define their future.
“Take a bold step and redefine your future by building yourself for a better
future”.
Dr. Emmanuel
Otitolaiye, who was born on 4th
September1972 in Egbeda-Egga Ijumu Local Government of Kogi State is a
widely exposed finance expert with vast and well-rounded accounting and
financial management experience cutting across financial, statutory reporting,
performance management and business planning in insurance, manufacturing, and
consulting.
Prior to
joining Linkage Assurance Plc as CFO in December 2018, he was Head, Finance
& Performance Management Group at Cornerstone Insurance Plc from January
2014 to November 2018. A role that has direct responsibilities for the
supervision of the finance functions of the Group.
Dr.
Otitolaiye worked at Alliance & General Insurance PLC – a member of the
Fidelity Bond Group and Node Solutions Ltd as the Chief Finance Officer and
Chief Operating Officer in respectively where he was responsible for all
strategic and tactical matters as they relate to budget management, cost
benefit analysis, forecasting needs, deal analysis, negotiations, and
investor’s relations.
He joined
FBN Life Assurance limited in 2010 as the pioneer Head of Finance where he
successfully coordinated all activities towards securing operational funds from
shareholders for the smooth take-off of the company and also championed the
set-up of Standard Operating Procedure (SOP) covering all areas of the
company’s activities.
Emmanuel
started his working career with CFAO Nigeria Plc in 2000 as Credit Control
Officer and later worked as the National Credit Control Manager at PZ Cussons
Nigeria Plc from 2006 -2008 before joining Guaranty Trust Assurance (now Axa
Mansard Insurance Plc) as Head, Management Account a positioned he held till
2010.
A
multi-disciplinary professional, he is a Fellow of both Institute of Chartered
Accountants of Nigeria (FCA) and Chartered Institute of Taxation of Nigeria
(FCIT), Associate member, Chartered Insurance Institute of Nigeria (ACII) and
Associate, Chartered Institute of Insurance Brokers (ACIB). .
He holds a
Higher National Diploma in Banking and Finance from Lagos State Polytechnic in
1998, Master degree in Business Administration (MBA) from University of Ado
–Ekiti, BSc Accounting from University of Lagos, MSc Accounting from Babcock
University and PhD Accounting also from Babcock University.
Dr.
Otitolaiye a man of many parts is currently the Chairman, Accounting Technical
Committee of Nigeria Insurance Association (NIA-ATC) – an umbrella body of all
Chief Financial Officers and Finance staff in insurance and reinsurance
companies in Nigeria. President, Egbeda-Egga Development Union, Financial
Secretary, Agungi East Resident Association and many others. He has served in
various ICAN committee e.g. ATSWA, Induction, Accountant Investigating Panel.
He has
attended several top management training courses at home and abroad.
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