Name: Samuel S.O. Afemikhe Profession: Chartered AccountantSpecialisation: Transparency, Business and Value for Money Consultant & Strategist Date of Birth: 14 October, 1950 Nationality: NigerianEmail: sam.afemikhe@ssacltd.comMembership of Professional Associations: Fellow of the Institute of Chartered Accountants of Nigeria, (from 1980) Fellow of the Chartered Institute of Certified Accountants UK (from 1978) Institute of Taxation of Nigeria (since 1992) Nigeria Computer Society Education MA Finance and Investment (Exeter University) Specialised in Stock Exchange

Studies (1979) Admitted an Associate Member of Chartered Institute of Certified Accountants

UK (ACA) in 1978 Admitted an Association Member of Institute of Chartered Accountants of Nigeria

(ICAN) in 1980. Admitted Fellow of ACA and ICAN in 1983 Admitted Associate Member Institute of Taxation of Nigeria (1992)Scholarship: 1976 – 1979 Federal Government of Nigeria Overseas Scholarship Award Key Work Milestones Sam Afemikhe is an extensively experienced Senior Consultant and Project

Leader with over 28 years professional experience in auditing, value added services and management studies and reviews. He trained with C. A. Pitts & Co. and R. A. Dilsworth in the United Kingdom. He has managed statutory audits of multinational companies.

He worked with the firm of D O Dafinone & Co when he rose from the position of Assistant Manager to Partner in four years

His experience includes extensive value for money audits management reviews, public procurement analysis and reviews and management restructuring and turnarounds. Most of the value for money review work was carried out in the upstream sector of the oil and gas industry and this work entailed extensive procurement reviews in the US and Switzerland

In 1985, he setup his own accounting and consultancy practice – S. S. Afemikhe & Co. (Chartered Accountants) with its management arms – S. S. Afemikhe Consulting Company Limited and Mesaf Management Services Limited. The group has undertaken many assignments particularly in the Oil and Gas industry.

Sam has worked extensively for the World Bank Nigeria Country Office in the area of post procurement reviews and public procurement analysis and review.

He has written four books on Value for Money, Budget Implementation, Public Procurement drawing from his extensive work in the field of value for money

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reviews & public procurement and Hope Rekindled – A comprehensive analysis of Nigeria’s nationhood challenges and how to overcome them.

Project Management experience spans over 30 years gained in the course of leading multinational oil companies value for money reviews and advising clients. This experience includes team management, quality control, contractual matters, project administration and reporting.

Drives transparency and integrity technology in business and has landed business tool to support this focused on reducing business failures and enhancing business growth through Business Measurement Assurance Control.

Languages: English: Good in speaking, Reading and Writing Okpella: Good in speaking, Reading and Writing

Countries of Work Experience: London Netherland USA Italy Switzerland

Employment RecordPeriod: Sept. 1985 to dateEmployer: S. S. Afemikhe Consulting LimitedJob Specification- Statutory Audits- Accountancy- Value for Money Reviews- Performance Measurement & Benchmarking- Forensic reviews- Materials and Supply Chain Management.- Procurement Analysis and review- Setting up Value For Money Structures and Systems- Performance Measurement and Benchmarking- Project Management- Value Analysis (ex post audits)- Programme Performance Evaluation- Cost Reduction and Waste Elimination Programmes- Training and Implementation of Six Sigma tools and methodology- Human Resource Management and Development

Period: Sept. 1979 to August 1985Employer: D. O Dafinone & Co (Chartered Accountants)

*Employed as Supervisor in 1979 and admitted into Partnership in January, 1983.

Job Specification- Statutory Audits

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- Accountancy- Consultancy AssignmentsDetails of Work Carried Out Statutory audits handled during services with D. O Dafinone & Co. cover the

following areas:- Steel plant (including designing the accounting system of Nigeria Premier

Steel Plant at Aladja Delta State).- Vehicle Assembly Plant- Manufacturing Companies- Merchant Banks- Distribution Companies- Civil Engineering and Construction Companies.

Capacity served: Audit Supervisor, Manager and Partner respectively.Resigned appointment with D. O. Dafinone & Co., on 31 August, 1985 to set up and manage S. S. Afemikhe & Co (Chartered Accountants)

Period: Employer Job SpecificationJanuary to October 1978 C.A Pitts & Co (Chartered Accountants) - Statutory Audit

United Kingdom - Tax ConsultancyJuly to December 1977 R. A. Dillisworth & Co (Chartered Accountants)

- Statutory AuditUnited Kingdom - Tax Consultancy

1970 to 1973 New Nigeria Bank Ltd, Benin City - Banking1968 to 1970 National Bank of Nigeria, Benin City, Nigeria - Banking

Detailed Work Experience Coordinating and Reporting assignments on Value for Money Reviews involving

NNPC Upstream Joint Venture Companies covering Governance, Cost Review, Value Analysis and Performance Measurement & Benchmarking Cash Call reconciliation. Reviewing, coordinating and Reporting assignments on Cost Verification

involving PSC Companies in the Upstream Sector of the Petroleum industry Conoco Exploration and Production Nigeria Limited – PSC 2003

Reviewing, coordinating and Reporting assignments on Value for Money Review of Operator performance in an upstream production projectSOGW/Atlas Audit of the Ejulebe Project - 2000 – 2002

Reviewing, coordinating and Reporting assignments on Materials Verification in the Upstream and Downstream Sector of the Petroleum industry viz:- Verification of Surplus and Left-over Materials at Warri Refinery and

Petrochemical Company (WRPC).

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- Port Harcourt Refinery Company (PHRC).- Kaduna Refinery and Petrochemical Company (KRPC).- Integrated Data Services Limited (IDSL).- Nigeria Petroleum Development Company (NDPC). - Frontier Exploration Services (FES).This entailed - Review and advise on Stock Management Parameters- Establishment of excess stock carried; and - Support in disposal of excess materials.

Reviewing, coordinating and Reporting assignments on Reconciliations and Margin determination in the Downstream Sector of the Petroleum industry - Nigerian National Petroleum Corporation (NNPC) – Margins determination

and reconciliation of marketing companies receivables- Reconciliation of proceeds from Correct Pricing of Petroleum Products.- Determination of Marketers Margins – Pipelines and Products Marketing

Company (PPMC) Reviewing, coordinating and Reporting assignments on Strategic

Management Surveys in the Downstream Sector of the Petroleum industry - Petroleum Equalisation Fund (Management) Board (PEF)- Redrawing of the Transportation Zones (TDZ) and generation of district

and interdistrict transport related differentials.- Survey of independent Marketers of Petroleum Products.- Conditions of Service for staff

Nigerian National Petroleum Corporation- How to spend sums realized by the Federal Government of Nigeria from

Correct Pricing of Petroleum Products. Petroleum Equalisation Funds (Management) Board (PEF)

- Survey and the determination of supply of petroleum products in the riverine and mountainous areas of Nigeria.

Petroleum Industry Human Resources Development Programmes- Chief Officers training on effective application of Joint Operating

Agreement (JOA) and the supervision and monitoring of upstream Joint Venture companies.

- NNPC/NAPIMS management training on Value for Money focused application of the JOA in the upstream sector of the petroleum industry.

Petroleum Equalization Fund (PEF) Management Board- Training on petroleum product uniform pricing mechanism and value

added focused product margin determination. Reviewing, coordinating and Reporting assignments on various Statutory

Audits for public sector parastatals and Limited liabilities companies Coordinating the Nigeria Extractive Industries Transparency audit of Nigeria

Oil and Gas industry 1999 – 2005. This was a comprehensive audit of the entire upstream and downstream sector of the Nigerian Oil and gas industry covering

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- the mapping of Financial flows from the industry to the Government

- mapping and reconciliation of upstream production, consolidated hydrocarbon mass balance upstream and downstream.

- Evaluation of processes for marketing federal government equity crude, licensing, product importation, supply of crude to the refineries, investment planning, execution and funding of Joint Venture Operations.

Consultancy assignment for the World Bank- Procurement analysis and reviewProcurement post review of World Bank financed projects. This involves oversight on behalf of the World Bank that the Project Implementing Units comply with World Bank Procurement guidelines, the Development Credit Agreement and Project Appraisal Document.- Establishment of a National (Nigeria) Baseline Indicator System on behalf

of BMPIU and the World BankThe Baseline Indicator System (BIS) is a tool to assess the existing elements of a public procurement system against a defined set of benchmarks. This BIS helps to identify when an element of the national public procurement system meets or exceeds the baseline or where it needs additional input or support to meet the baseline.The BIS structure is anchored on the evaluation of four pillars and twelve indicators in the assessment of the efficiency of the public procurement system.

Coordinating the Forensic and Process review of Nigerian National Petroleum Corporation (NNPC) covering January 2006 to December 2009The Government engaged the services of the Consultants (KPMG Consultancy Services and S. S. Afemikhe & Co.) to carry out forensic review of the country’s crude oil and gas revenues administered by the Nigerian National Petroleum Corporation (“NNPC”) together with all NNPC Past Transactions for the three years 2007 to 2009 via a Consultancy Agreement dated 26 day of July 2010.

Coordinating the Audit of Subsidy ClaimsThe Government further engaged the Consultants (KPMG Consultancy Services and S S Afemikhe & Co;) to review subsidy claims by petroleum products marketers between 2007 and 2009 and NNPC’s claims for refund of expenses it incurred on behalf of the Federal Government between 2003 and June 2010.

Coordinating the Forensic Audit of Bayelsa Pay Roll 2008 and 2009The Board of the Due Process and e-Governance Bureau of Bayelsa State engaged the services of S. S. Afemikhe Consulting Limited to carry out the Forensic Audit of the State Staff Payroll for the two years 2008 and 2009.

Auditor to verify fuel imports by oil marketers under the Petroleum Support Fund on behalf of the Federal Ministry of Finance (PSF) 2012 – 2016

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Auditor to verify imported products under the NNPC Forex Importation

Programme June 2016 to date

Piloting ikOOba Technologies to build cloud based software to enhance Business Measurement, Assurance & Control in support of transparency and truth in business to enhance business growth.

Selected Projects Executed

Country Project Title Summary DescriptionNigeria Inspection of

imported petroleum product

Support Petroleum Support Fund (PSC) onbehalf of the Federal Ministry of Finance and the NNPC Forex Intervention Programme.

Nigeria Piloting the development of cloud based Transparency software under ikOOba Technologies Limited

Built an accounting software called ikOOba BEMAC and ikOOba Townhall to assist in Business Measurement Assurance & Control using dashboard to enhance transparency, truth and integrity in business so as to foster business growth extend the life span of companies and promote economic development.

Nigeria and South Africa

Performance Measurement and Benchmarking System (PM&B)

Design and Installation of a performance measurement and benchmarking system for NNPC/NAPIMS and train NNPC/NAPIMS staff to meet the dynamic nature of PM&B

Nigeria and Houston

Escravos Gas to Liquid (EGTL) Project

Comprehensive Value for Money Audit of the Escravos Gas to Liquids (EGTL) Project

Nigeria Forensic and Process Review of NNPC operations

The Federal Government of Nigeria engaged the services of the Consultants (KPMG Consultancy Services and S S Afemikhe & Co.) to carry out forensic review of the country’s crude oil and gas revenues administered by the Nigerian National Petroleum Corporation (“NNPC”) together with all NNPC Past Transactions for the three years 2007 to 2009 via a Consultancy Agreement dated 26 day of July 2010.

Nigeria Audit of Subsidy Claim

The Government further engaged the Consultants (KPMG Consultancy Services and S S Afemikhe & Co;) to review subsidy claims by petroleum products marketers between 2007 and 2009 and NNPC’s claims for refund of expenses it incurred on behalf of the Federal Government between 2003 and June 2010.

Nigeria Financial, Physical and Process Audit of Nigeria Extractive industry

This was a comprehensive audit of the entire upstream and downstream sector of the

Nigerian Oil and gas industry covering- the mapping of Financial flows from the

industry to the Government- mapping and reconciliation of upstream

production, consolidated hydrocarbon mass balance upstream and downstream.

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Country Project Title Summary Description- evaluation of processes for marketing

federal government equity crude, licensing, product importation, supply of crude to the refineries, investment planning, execution and funding of Joint Venture Operations.

Nigeria Forensic Audit of Bayelsa State Government Payroll and Mapping of Flows

The Board of the Due Process and e-Governance Bureau of Bayelsa State engaged the services of S S Afemikhe Consulting Limited to carry out the Forensic Audit of the State Staff Payroll for the two years 2008 and 2009.

Nigeria, United Kingdom & Switzerland

Cost Verification Audit

The cost verification assignment was carried out to ascertain that the operator of the Okwori/Nda field development project pursues best value with adequate consideration for economy, efficiency and effectiveness in the use of resources.

The assignment which was carried out in Addax Lagos and Geneva offices involved in a nutshell the following:-- System documentation and process

mapping- costs validation- Benchmarking- Value analysis

Nigeria and United State of America

Value for Money Review

The assignment entailed the following:

a) A critical and detailed review of the operating, accounting and reporting procedures of the Joint Venture Companies covering- Method of setting policy objectives- Allocating resources- Considering alternatives- Evaluating success of policies- Budgeting and planning resources- Accounting and performance reporting

procedures- Management information systems

b) Mapping of systems and processes, highlighting strengths and weaknesses thereon and recommending improvements to enhance system efficiency, effectiveness and optimal value for money.

c) Technical audit Performance Measurement and

Benchmarking of Facilities, addressing Capital Expenditure (CAPEX), operating

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Country Project Title Summary Descriptionexpenditure (OPEX) for both Onshore and Offshore projects (Facilities) and field operating units.

Value Analysis of Capital Projects in relation to the process of appraisal, approval, planning implementation, management and ex post evaluation to confirm that unnecessary costs have not been incurred and charged to accounts outside the work programme and budgets.

Nigeria Pilot Procurement Baseline Indicator study

The Baseline Indicator System (BIS) is a tool to assess the existing elements of a public procurement system against a defined set of benchmarks. This BIS helps to identify when an element of the national public procurement system meets or exceeds the baseline or where it needs additional input or support to meet the baseline.

The BIS structure is anchored on the evaluation of four pillars and twelve indicators in the assessment of the efficiency of the public procurement system.

Nigeria Procurement Post Review

Procurement post review of World Bank financed projects. This involves oversight on behalf of the World Bank that the Project Implementing Units comply with World Bank Procurement guidelines, the Development Credit Agreement and Project Appraisal Document.

Academic WorkDissertation on Investment Analysis of Office Equipment Portfolio in international stock exchanges (Towards Masters of Arts degree, University of Exeter- UK 1979.)

Author of the books titledi) The pursuit of Value for Money

Published by Spectrum Books Limited (2003)

ii) Budget Implementation and value for money – The Due Process Experience

Published by Spectrum Books Limited (2005)

iii) Public Procurement Policies and Practices Published by Gold Press Limited (2011)

iv) Hope Rekindled“A comprehensive analysis of Nigeria’s nationhood challenges and how to overcome them”

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Published by Geko Publishing (2016)

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