NASB appoints new chairman governing council
His tenure is unique as he is likely to be the chairman of the Council that will supervise the upgrading of the NASB to a Financial Reporting Council (FRC) as soon as the FRC Bill currently before the National Assembly is passed and assented to by President Umaru Musa Yar’Adua.
A seasoned accountant and administrator with speciality in Tax matters, 63-year old Popoola is coming to the Council with a rich collection of experience behind him.
Popoola, who was born on January 6, 1946 in Otan-Aiyegbaju, Boluwaduro Local Government of Osun State, attended St Phillip’s Central School, Otan-Aiyegbaju (1954-59), Anglican Grammar School, Otan-Aiyegbaju (1960-64) where he came out with Division 1 in the West African School Certificate Examinations.
He later proceeded to the Yaba College of Technology, Yaba (1967-1969) and obtained National Diploma in Accountancy.
He obtained the certificate of the final examinations of the Association of Chartered Certified Accountants (ACCA) (UK) in 1971.
He is a member of various professional accounting bodies, having obtained the Fellowship of the Association of Chartered Certified Accountants (ACCA) (UK) in June 1980 and Fellowship of the Institute of Chartered Accountants of Nigeria (ICAN) in September, 1983. He also became a Fellow of the Chartered Institute of Taxation of Nigeria in January 1994.
He cut his accounting teeth with KPMG Nigeria firm of Chartered Accountants where he worked in various departments albeit with strong bias for taxation.
An auditor of note, he was involved in the audit of many companies. These include United Bank for Africa, UBA, Alraine Nigeria Limited, Bible Society of Nigeria, Berger Paints of Nigeria, Costain West Africa and Nigerian Agip Oil Co. Ltd among others.
Popoola’s administrative acumen was noted by KPMG Nigeria when he was made Resident Partner in charge of the Port Harcourt office of the firm in 1979 and he held the post which gave him the responsibility of servicing the clients for audit, tax, secretarial and other services as well as general management of the Garden City branch office of the firm until 1982.
An expert in all areas of taxation accounting, he was made the partner in charge of taxation affairs of most of the audit clients of KPMG from January 1985 from where he assumed the position of managing partner of KPMG, Tax Practice from January 1, 1990.
He transferred his services to Akintola Williams Deloitte when KPMG merged with the firm in 2003.
Upon his retirement from Akintola Williams Deloitte in 2005, he joined with some of his colleagues to form Omogoroye, Okin Popoola and Co and he is currently the managing partner.
Popoola also has to his credit publications such as “Nigeria Tax Summary”, published yearly from 1989 to 2002 under the KPMG Tax Consultants and he was also a co-author of Ani’s Companies Income Tax and Petroleum Profit Tax in Nigeria (2nd Edition) 1989. This is apart from many paper presentations at professional seminars.
An active member of the ICAN, he has participated in many academic and professional programmes of the Institute. He has the distinction of serving on Committees such as Examination Committee of the Institute, 1984-92, Education Committee, 1996-97, Membership Affairs Committee (1998-99) as well as chairing the Sub-Committee on ICAN’s Mandatory Continuing Professional Education between 1995 and 1996.
As a socially concerned person, Popoola has contributed to many causes in his immediate community and in the religious sphere. He is the chairman of the Board of Governors of his alma mater, Anglican Grammar School, Otan-Aiyegbaju, as well as a member of Board of Trustees of Otan-Aiyegbaju Progressive Union. He was also the initiator and foundation president of Otan-Aiyegbaju Pacesetters Club.
A devoted Christian, the new NASB chairman is joint honorary auditor of Archbishop Vining Memorial Church Cathedral, GRA, Ikeja and is also a member of Christ Torch Bearers (CTB) of St Phillip’s Anglican Church in his native Otan-Aiyegbaju.
Popoola also belongs to many social organisations such as Ikeja Country Club, Lagos Lawn Tennis Club, as well as Social Summit Club of Nigeria, a club he chaired from March 1988 to March 1991.