Michael Adigun Email & Phone Number

Saskatoon, Sk, Ca

Ibadan, Oyo State, Nigeria

In this role, I manage three teams, consisting of five Bank Supervisors each, and I have a responsibility of supervising Financial Institutions, located in three States in Southwest Nigeria. The Financial Institutions I supervise include Microfinance banks, Primary Mortgage banks, Development Finance Institutions, Finance Companies and Bureaux De Change. Some of my duties entail the following;• Approval of various applications made by the Financial Institutions under the Supervisory purview… Show more In this role, I manage three teams, consisting of five Bank Supervisors each, and I have a responsibility of supervising Financial Institutions, located in three States in Southwest Nigeria. The Financial Institutions I supervise include Microfinance banks, Primary Mortgage banks, Development Finance Institutions, Finance Companies and Bureaux De Change. Some of my duties entail the following;• Approval of various applications made by the Financial Institutions under the Supervisory purview of the Group.• Approval of Audited Financial statements of Financial Institutions in the three states prior to publication in the national daily newspapers.• Leading Onsite Risk-based Examination of assigned Financial Institutions in any part of the country.• Review and vetting of Examination reports written by Examiners under my supervision, to ensure quality control.• Preparation of quality and timely reports to Management, on Examinations conducted by the Group, and conveying to Management the performance of Financial Institutions.• Co-ordinating and providing operational direction and day-to-day administration of the 15 Bank Examiners in the Group.• Preparation of the Group annual budget, for inclusion in the Annual Departmental budget.• Formation of Onsite Examination Teams, with special emphasis on balance in Team composition, to ensure optimal achievement of Group objectives.• Providing leadership, coaching and direction to Bank Examiners in the Group and fostering a team approach to accomplishing the Group’s objectives.Some of the tools I frequently utilize in the supervision of OFIs include the following;a) Onsite Risk Based Supervision (RBS) of OFIsb) Offsite Monitoringc) Stress Testingd) Business Model Analysise) Peer Group Reviewf) Trend Analysisg) Financial Institution Analysis Software (FINA)h) Prudential ratios such as- Capital Adequacy Ratio (CAR), Liquidity Ratio (LR),etc.i) Various Supervisory and Regulatory Guidelines as amended periodically. Show less

Ibadan, Oyo State, Nigeria

Responsible for a Team of four Examiners saddled with the responsibility of Supervising 30 Financial Institutions. The following were some of my duties;• Review of various appraisals prepared by Examiners in my Team in respect of various applications made by Financial Institutions, for onward submission to the Divisional Head for approval.• Review of Audited Financial statements of Financial Institutions for subsequent approval of the Divisional Head.• Leading Onsite Teams on… Show more Responsible for a Team of four Examiners saddled with the responsibility of Supervising 30 Financial Institutions. The following were some of my duties;• Review of various appraisals prepared by Examiners in my Team in respect of various applications made by Financial Institutions, for onward submission to the Divisional Head for approval.• Review of Audited Financial statements of Financial Institutions for subsequent approval of the Divisional Head.• Leading Onsite Teams on Risk-based Examination (Audit) of assigned Financial Institutions in any part of the country.• Leading Teams on Special Investigation of Financial Institutions as directed by the Divisional Head or Departmental Director.• Leading offsite Teams in processing requests from Financial Institutions under my purview• Review and vetting of Examination (Audit) reports written by Examiners under my supervision, for onward submission to the Divisional Head to ensure quality control.• Preparation of quality and timely reports of Onsite Examinations conducted by my Team to Management.• Aiding my Divisional Head in the preparation of annual Group budget, and deputizing for the Divisional Head in his absence. Show less

Ibadan, Oyo State, Nigeria

• Appraisal of various requests from Financial institutions in respect of the following;• Appointment of Management staff and Board members.• Appraisal of Audited Financial Statements for onward review by Team lead and approval by the Divisional Head• Approval of increase in Share Capital of Financial Institutions• Appointment of External Auditors for Other Financial Institutions• Participated in various onsite Examinations of Financial Institutions as Team… Show more • Appraisal of various requests from Financial institutions in respect of the following;• Appointment of Management staff and Board members.• Appraisal of Audited Financial Statements for onward review by Team lead and approval by the Divisional Head• Approval of increase in Share Capital of Financial Institutions• Appointment of External Auditors for Other Financial Institutions• Participated in various onsite Examinations of Financial Institutions as Team member.• Submitted timely sub-reports to Onsite Team Leads for vetting and Quality Assurance• Conducted Special Investigations of Financial Institutions in response to petitions by aggrieved customers as directed by the Divisional Head or Departmental Director.• Participated in the transition in the Supervisory process of Financial institutions in Nigeria from Compliance to Risk-based Supervision• Deputising for the Team Lead in instances when he was not on duty Show less

Ibadan, Oyo State, Nigeria

• Appraisal of various requests from Financial institutions in the Southwestern Region of Nigeria in respect of the following;• Appointment of Management staff and Board members.• Appraisal of Audited Financial Statements for onward review by Team lead and approval by the Divisional Head• Approval of increase in Share Capital of Financial Institutions• Appointment of External Auditors for Other Financial Institutions• Participated in various onsite Examinations of Financial… Show more • Appraisal of various requests from Financial institutions in the Southwestern Region of Nigeria in respect of the following;• Appointment of Management staff and Board members.• Appraisal of Audited Financial Statements for onward review by Team lead and approval by the Divisional Head• Approval of increase in Share Capital of Financial Institutions• Appointment of External Auditors for Other Financial Institutions• Participated in various onsite Examinations of Financial Institutions as Team member.• Submitted timely sub-reports to Onsite Team Leads for vetting and Quality Assurance• Conducted Special Investigations of Financial Institutions in response to petitions by aggrieved customers as directed by the Divisional Head or Departmental Director.• Participated in the Supervisory transition process of Financial institutions in Nigeria from Compliance to Risk-based Supervision• Show less

Ibadan, Oyo State, Nigeria

• Appraisal of various requests from Financial institutions in the Southwestern Region of Nigeria in respect of the following;• Appointment of Management staff and Board members.• Appraisal of Audited Financial Statements for onward review by Team lead and approval by the Divisional Head• Approval of increase in Share Capital of Financial Institutions• Appointment of External Auditors for Other Financial Institutions• Participation in various onsite Examinations of Financial… Show more • Appraisal of various requests from Financial institutions in the Southwestern Region of Nigeria in respect of the following;• Appointment of Management staff and Board members.• Appraisal of Audited Financial Statements for onward review by Team lead and approval by the Divisional Head• Approval of increase in Share Capital of Financial Institutions• Appointment of External Auditors for Other Financial Institutions• Participation in various onsite Examinations of Financial Institutions as Team member.• Submission of timely sub-reports to Onsite Team Leads for vetting and Quality Assurance• Special Investigations of Financial Institutions in response to petitions by aggrieved customers as directed by the Divisional Head or Departmental Director.• Participation in the Supervisory transition process of Financial institutions in Nigeria from Compliance to Risk-based Supervision. Show less

Ibadan, Oyo State, Nigeria

• Maintenance of Branch Expenditure Vote head Journals• Management of the Establishment Office Inventory Store• Reconciliation of Branch Journals with Head Office postings on Bankos software.• Processing of Travel and Loan requests for staff of the Branch• Documentation of minutes at weekly Branch meetings• Supervision of Currency Note Machine Operators in the processing of currency notes returned from circulation by Commercial banks, for sorting into clean and dirty… Show more • Maintenance of Branch Expenditure Vote head Journals• Management of the Establishment Office Inventory Store• Reconciliation of Branch Journals with Head Office postings on Bankos software.• Processing of Travel and Loan requests for staff of the Branch• Documentation of minutes at weekly Branch meetings• Supervision of Currency Note Machine Operators in the processing of currency notes returned from circulation by Commercial banks, for sorting into clean and dirty notes.• Audit of sorted clean notes to be released back into circulation, for completeness, accuracy and quality.• Presentation of reports to Management on the quantity of currency processed monthly and annually, with emphasis on the volume returned back into circulation and volume destroyed during the period, to allow Management make informed decisions on logistics of Currency movement between branches and locations.• Custody of cash movement from the Branch strongroom to the Cash Processing floor and its return at the end of the day. Show less

Ibadan, Oyo State, Nigeria

Lagos State, Nigeria

• Member of the Team responsible for determining the landing cost of airtime scratch cards, phones and other inventory imported by the company, and conveying the information to Management.• Analysis of the levels and volumes of inventory, and periodic reporting to Management on the locations.• Periodic audit of airtime scratch card, sim cards, phones, promotional materials and other inventory located in the company’s stores throughout the country.• Presentation of regular inventory… Show more • Member of the Team responsible for determining the landing cost of airtime scratch cards, phones and other inventory imported by the company, and conveying the information to Management.• Analysis of the levels and volumes of inventory, and periodic reporting to Management on the locations.• Periodic audit of airtime scratch card, sim cards, phones, promotional materials and other inventory located in the company’s stores throughout the country.• Presentation of regular inventory reports to Senior Management.• Use of Economic Order Quantity (EOQ) models to track inventory usage, importation, and movement between locations to prevent stock-outs.• Analysis of level and volume of inventories damaged on arrival into the warehouse from the manufacturer, and presenting periodic report to Management.• Implementation of the triple Ps (Principles, Policies and Procedures) in the placement of order for inventories. Show less

Lagos, Lagos State, Nigeria

Responsible for setting up and overseeing the Internal Audit Department of the Pharmaceutical company. The detail of my job functions included;• Implementation of the Internal Control policies and procedures established by Management.• Preparation of Annual Audit Calendar for Board and Management approval• Development of various Audit forms and templates.• Daily Call-over of Accounting entries.• Reconciliation of Correspondent bank statements.• Issuance of Audit queries… Show more Responsible for setting up and overseeing the Internal Audit Department of the Pharmaceutical company. The detail of my job functions included;• Implementation of the Internal Control policies and procedures established by Management.• Preparation of Annual Audit Calendar for Board and Management approval• Development of various Audit forms and templates.• Daily Call-over of Accounting entries.• Reconciliation of Correspondent bank statements.• Issuance of Audit queries for erroneous postings on the system.• Periodic cash count and presentation of Cash reports to Management.• Periodic Departmental and Regional Audits.• Periodic Stock counts in multiple warehouses across the Country• Periodic Assets Verification exercise.• Presentation of monthly and quarterly reports to the Board and Senior Management. • Administration and coordination of the activities of three Audit staff. Show less

Lagos, Lagos State, Nigeria

Responsible for ensuring the day-to-day running of the office and maintaining the Imprest. Some of my other functions included the following;• Preparation periodic Financial statement for the organization.• Periodic withdrawal of office imprest from the bank.• Payment of utility bills.• Payment of Staff salaries• Accounting for Grants received from International organizations.

Bachelor'S Degree, Accounting, Second Class Lower Division

Activities and Societies: Reading, Soccer, scrabbles

Master'S Degree, Accounting