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FEMAB PROPERTIES
LIMITED
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Expression of Interest for Appointment as Consultants to Femab Properties Limited By Balogun Badejo Cons. Ltd
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Expression of Interest for Appointment as Consultants to Femab Properties Limited By Balogun Badejo Cons. Ltd
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Expression of Interest for Appointment as Consultants to Femab Properties Limited By Balogun Badejo Cons. Ltd
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FEMAB PROPERTIES LIMITED
PROPOSAL
FOR APPOINTMENT AS CONSULTANTS FOR THE
RECOVERY OF EXCESS BANK CHARGES ON PAST
TRANSACTIONS
CONTENTS PAGE
Our Mission
“Recognising and addressing from time to time pressing issues encountered in
industry, business and governance by enlisting the best crop of professionals
available in the country in achieving utmost efficiency and results”.
We believe that by creating value for our clients and providing significant and measurable
returns on investment, we build long term relationships and pride ourselves on our high level
of customer satisfaction. This is the reason why our clients see us as the final destination for
their management consultancy needs.
Our international office in MIAMI, FLORIDA (USA) together with any of PrimeGlobal
offices in the world are available to join us in carrying out any exercise should their services
be required.
1.4 COMMITMENT
Our Company is committed to:
Expression of Interest for Appointment as Consultants to Femab Properties Limited By Balogun Badejo Cons. Ltd
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excellent quality and timely delivery of our service.
conscientious maintenance and improvement of our place in the profession.
contribution to the development of our community and profession in manpower
development, technical expertise, meaningful and stable employment in a healthy
environment whilst simultaneously discharging our social responsibilities.
dissemination of technical information towards regular communication to our
staff, clients and the public.
Expression of Interest for Appointment as Consultants to Femab Properties Limited By Balogun Badejo Cons. Ltd
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DIRECTORS OF BALOGUN BADEJO CONSULTING LIMITED
11 22
33 44
55
1. J O Obogwu - Chairman
2. E U Itodo - Director
3. A M Adetuyi - Director
Expression of Interest for Appointment as Consultants to Femab Properties Limited By Balogun Badejo Cons. Ltd
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Balogun Badejo Consulting Limited is well known for Efficiency, Integrity and
Professionalism when it comes to the practice and dealing with our clients. We take pride
in the competence and experience of the directors who drive the firm. We present a brief
profile of our Directors.
(1)
JAMES O. OBOGWU
Chairman
He attended St Paul’s Grammar School, Ebu and University of Benin, Benin City, where he
bagged a Master in Business Administration (MBA). Employed as a Trainee and rose
through the ranks to become a Partner on 1 April 2005. JOO became the firm’s Managing
Partner on 1 April, 2013.
Mr. Obogwu is a Fellow of both the Institute of Chartered Accountants of Nigeria (ICAN)
and the Chartered Institute of Taxation of Nigeria (CITN).
JOO as he is fondly called was the firm’s Deputy Managing Partner up to 31 March, 2013. He
is the Editor-In-Chief of our in-house journal, TICK Magazine.
He is currently:
EVERESTUS U. ITODO
Director
Everest, as he is popularly called by friends hails from Amalla in Udenu LGA of Enugu state
of Nigeria. He attended Ifruoka Primary School Amalla–Udenu LGA in Enugu State,
Government Day Secondary School Kakuri, Kaduna and St. Theresas’ College, Nsukka.
He obtained B.Sc. in Applied Accounting from Oxford Brookes University, UK and Master of
Science in Management (M.Sc. Management) from University of Lagos, Akoka, Nigeria.
EUI is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), the Association
of Chartered Certified Accountants (ACCA), UK and Chartered Institute of Taxation of
Nigeria (CITN).
Before joining the Company in January 2006, he had worked with Mu’Allahyidi & Co,
(Chartered Accountants), Supertex Limited, and Union Adhesive & Chemical Company
Limited, all in Kaduna. He rose to the position of Audit Manager in the firm on 1 April, 2008,
was admitted a Partner on the 40th Anniversary of the firm on 1 April, 2009 and became the
firm’s Deputy Managing Partner on 1 April, 2013.
He is currently:
The Finance Partner of the Company;
Chairman of the Firm’s Technical, Research and Training Committee; and
A Practice Monitoring Reviewer of the Institute of Chartered Accountants of Nigeria
(ICAN).
A member of forum of firms of the Institute of Chartered Accountants of Nigeria.
AYODELE M. ADETUYI
Director
Mr. Adetuyi attended Egan High School Ojo, Lagos and Olabisi Onabanjo University, Ago
Iwoye, Ogun State. AMA obtained Master in Business Administration (MBA, Finance) from
University of Lagos, Akoka, Nigeria.
Before joining BBc in 2006, he had worked with A A Consultants; Royal Value International
Limited and Oladeji Olagunju & Co (Chartered Accountants), where he rose to the position of
an Audit Manager.
Mr. Adetuyi also has the passion of impacting knowledge, and currently serves as Director of
Studies at Foresight Professional Institute, Lagos, an ICAN Study Centre. He is a member of
Ikoyi Club.
AMA who was admitted a Partner on 1 October, 2010 is currently the Tax Partner, IFRS
Paper Presenter and Chairman of the firm’s International Financial Reporting Standard
(IFRS) implementation Team.
Mrs. Egwuenu attended Ibru College Agbarha Otor, Delta State and Edo State University,
Ekpoma, Edo State, where she studied Accountancy. Also, she studied at University of Lagos,
Akoka where she obtained Master of Science in Management (M.Sc. Management).
Mrs. Egwuenu who is a member of the Institute of Chartered Accountants of Nigeria (ICAN)
is an IFRS Paper Presenter and the Vice Chairman of the firm’s IFRS implementation team.
She had worked with Omega Bank Plc (now Enterprise Bank Limited), Shonubi Abah & CO
(Chartered Accountants) and Bytex Nigeria Limited before joining Balogun Badejo & Co.
GCE as she is popularly called became a partner in the firm on 1 April, 2011 and she is
currently the Administrative Director.
OLUFEMI MOYEGUN
Chief Executive Officer
He was the head Compliance Consulting and Training Department of Dun & Bradstreet
[D &B], one of the biggest Business Information & Credit Reporting companies in the world.
Mr. Moyegun had also worked with Credit Chex Consumer Services Limited as the Vice-
President.
He joined Balogun Badejo Consulting Limited as Chief Operating Officer and in April 2016 he
was elevated to the position of Chief Executive Officer.
Expression of Interest for Appointment as Consultants to Femab Properties Limited By Balogun Badejo Cons. Ltd
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1.9 DIRECTORS AND SENIOR TECHNICAL STAFF
1.9.2 Consultants
5. P. O. Oluwi FCCA, FCA, FCTI, 45 years
6. Dr. J O Asaolu FCA, FCTI, MNIM, Ph.D 44 years
7. M O Oladotun FCCA, FCA, FCTI, FCIPM, FWAIMC 44 years
8. F C Obi FCA, ACTI 42 years
Expression of Interest for Appointment as Consultants to Femab Properties Limited By Balogun Badejo Cons. Ltd
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2.0 OUR OFFICES AND CONTACT INFORMATION
Abuja Ibadan
Akure Kaduna
Benin City LAGOS - Headquarters
Headquarters - Lagos
Charter House
7 McNeil Road
Sabo, Yaba
Lagos
G P O Box 3260, Lagos
Tel: +234 (01) 8112731722
Website: www.bbccharter.com
Email: consulting@bbccharter.com
Expression of Interest for Appointment as Consultants to Femab Properties Limited By Balogun Badejo Cons. Ltd
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3.0 SIMILAR AND OTHER
ASSIGNMENTS
We have relevant cognate experience and a strong record of value-added service to our
esteemed clients which we have been doing for over four (4) decades of our existence.
Expression of Interest for Appointment as Consultants to Femab Properties Limited By Balogun Badejo Cons. Ltd
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4.1 Introduction
Femab Properties Limited in its drive to be accountable to its stakeholders is desirous of
engaging a reputable Consulting firm to recover its excess bank charges and we are therefore
expressing our interest for appointment as Consultants to the Company.
Femab Properties Limited is a Limited Liability Company incorporated under the Nigerian
Companies and Allied Matters Act, Laws of the Federation of Nigeria (LFN) 1990 (as amended)
with RC No: 395118.
Femab is engaged in all aspects of Real Estate Consultancy and Development including Civil
Engineering Construction, Property Management, Property Sales and lettings and Estate
Development.
Femab commenced operations in 1994 as an enterprise under the name Femab Global ventures.
The business of the enterprise grew very quickly and very large and to accommodate its success,
Femab Properties Limited (Femab) was incorporated as a Limited Liability Company in the year
2000.
To ensure its continued success as both a global and a national brand, Femab has continued to
expand its operations and personnel both in Nigeria and off the shores of Nigeria.
Currently, Femab enjoys business relationships with the following companies either as
subsidiaries, affiliates or Joint Venture Partners.
5. SFA Logistics
6. Zibo Femab
7. Crystal blocks
With the success of these collaborations, Femab continues to seal its position not just as a
Nigerian brand, but as a global company with an international reach covering Europe, United
States of America, Canada and China.
Expression of Interest for Appointment as Consultants to Femab Properties Limited By Balogun Badejo Cons. Ltd
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When appointed as your consultants on this project, summary of the methodologies to be
employed are as detailed below:
5.1 Preliminaries:
Upon our appointment as Consultants, we shall carry out the following:
Consequently, we shall obtain necessary background information and documentation for the
purpose of the assignment.
Such background information and documentation shall include but not limited to:
1. Femab Properties Limited’s Profile which will contain amongst others: History,
Establishment, Head Office, Other Offices, Board, officials, Top Management staff, etc
2. Bank Statements from all the Banks covering the period under review.
Upon completion of the matching exercise, we shall produce the following reports:
a. Reconciliation statement
b. Bank statement listing
c. Cash book listing
d. Transactions matched
e. Cash book unmatched transactions
f. Bank Statement unmatched transactions
5.3 Conclusion
We recognize that all methodologies to be adopted in carrying out the assignment may not
have been spelt out fully in this Expression of Interest (EOI) while other approaches and
methodology will be contingent on-the-job and situations that may arise during the work.
The above is therefore the summary of what we intend to do if appointed by Femab
Properties Limited to recover its Excess Bank Charges.
Expression of Interest for Appointment as Consultants to Femab Properties Limited By Balogun Badejo Cons. Ltd
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Our understanding of the project is that the recovery shall be for the excess bank charges on
the accounts of Femab Properties Limited. The Structure for management which shows the
designation of proposed project personnel in our Company and intended position during the
project is as shown below:
Supervising Partner
Quality Control
Partner
Managers
Supervisors
Graduate Trainees
The Proposed Team was chosen considering the Client, Nature of Job, envisaged Timing,
Deliverables expected and most importantly, the experience, exposure and calibre of
Personnel.
We are confident that the Staff mix will be adequate for the project and if there is need to
deploy additional personnel, we shall act accordingly.
Expression of Interest for Appointment as Consultants to Femab Properties Limited By Balogun Badejo Cons. Ltd
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Our fee for this service shall be Fifty (50) percent of the total amount
recovered.
Expression of Interest for Appointment as Consultants to Femab Properties Limited By Balogun Badejo Cons. Ltd
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