The document discusses a page. A page is a person who performs various duties for another person, such as running errands, carrying messages, and assisting with small tasks. Pages were traditionally young boys training for knighthood who would help knights and squires by carrying out basic duties to aid them in their work.

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Name: Samuel S.O. Afemikhe
Profession: Chartered Accountant
Specialisation: Transparency, Business and Value for Money
Consultant & Strategist
Date of Birth: 14 October, 1950
Nationality: Nigerian
Email: sam.afemikhe@ssacltd.com
Membership 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 statutoryaudits 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

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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 workin the field of value for money 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 Record
Period: Sept. 1985 to date
Employer: S. S. Afemikhe Consulting Limited

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Job 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 1985
Employer: D. O Dafinone & Co (Chartered Accountants)
*Employed as Supervisor in 1979 and admitted into Partnership in January,
1983.
Job Specification
- Statutory Audits
- Accountancy
- Consultancy Assignments
Details 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.

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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
Specification
January to October 1978 C.A Pitts & Co (Chartered Accountants) - Statutory
Audit
United Kingdom - Tax
Consultancy
July to December 1977 R. A. Dillisworth & Co (Chartered Accountants)-
Statutory Audit
United Kingdom - Tax Consultancy
1970 to 1973 New Nigeria Bank Ltd, Benin City - Banking
1968 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 project
SOGW/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).
- Port Harcourt Refinery Company (PHRC).
- Kaduna Refinery and Petrochemical Company (KRPC).

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- 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

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- 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
- 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 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.
- Establishment of a National (Nigeria) Baseline Indicator System on behalf of
BMPIU and the World Bank
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.
 Coordinating the Forensic and Process review of Nigerian National Petroleum
Corporation (NNPC) covering January 2006 to December 2009

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The 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 Claims
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.
 Coordinating the Forensic Audit of Bayelsa Pay Roll 2008 and 2009
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.
 Auditor to verify fuel imports by oil marketers under the Petroleum Support Fund
on behalf of the Federal Ministry of Finance (PSF) 2012 – 2016
 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 Description
Nigeria 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

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Country Project Title Summary Description
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.
- 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
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

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Country Project Title Summary Description
Government Payroll
and Mapping of Flows
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

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Country Project Title Summary Description
Capital Expenditure (CAPEX), operating
expenditure (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 Work
Dissertation 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 titled
i) The pursuit of Value for Money
Published by Spectrum Books Limited (2003)

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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”
Published by Geko Publishing (2016)