The government accepted a recommendation to extend the president’s tenure from four to five years and agreed in principle that Parliament should serve a corresponding five-year term.
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Akintola Williams: The 100 Year-Old Accounting Colossus
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By Eric Elezuo
Hurray!! The accounting wizard is 100 years!
Only few persons are known to have come from rich and influential families, and still managed to carve a niche for themselves, made their own names and stood apart from the crowd. One of such persons is the indefatigable and ever committed accounting guru, arguably the best the country ever produced, Chief Akintola Williams, who clocked an enviable 100 years on August 9.
Chief Williams was born on August 9, 1919 to the Ekundayo Williams family. His father was a lawyer and farmer while his grandfather, Z. A. Williams, was a prolific businessman from Abeokuta. His background really set the stage for the young Akintola to take the world by storm, rise above mediocrity and start an all new hegemony devoid of entrepreneurship, law and farming that his forebears were known for. He created a new vista, a new environment and subdued the field of accountancy. He became the first African to qualify as a chartered accountant.
Akintola took off on the journey of life when he began his education at Olowogbowo Methodist Primary School, Bankole street, Apongbon, Lagos Island, Lagos, in the early 1930s. This was the same primary school his late younger half-brother, Chief Rotimi Williams, attended.
After his primary education, he proceeded to the CMS Grammar School, also in Lagos and made one of the best results, which took him to the only higher institution of learning at the time, Yaba Higher College, now Yaba College of Technology. His education at the institution was sponsored by a UAC scholarship as a result of his brilliance. He obtained a Diploma in Commerce on graduation.
In 1944, he was admitted to the University of London, England, to study Banking and Finance, and in 1946, he graduated with a Bachelor of Commerce. He did not stop there, but continued steadfastly in his studies, qualifying as a chartered accountant in England in 1949.
After qualifying as a chartered accountant, Williams professionally started his career when he took up paid employment with the Colonial office in London. He was thereafter posted to Nigeria, and he returned home in 1950 to take the post of Inspector of Taxes, working with John Selby, whose advice laid his path to considering accountancy as a course.
In 1952 therefore, he left the job and its huge benefits to set up his own firm, Akintola Williams and Co in Lagos. It became the first indigenous chartered accounting firm in Africa. It would be recalled that at the time, the accountancy business was dominated by five large foreign firms. Although there were a few small local firms, they were certified rather than chartered accountants.
With master touches of professionalism, his firm later grew ‘organically and through mergers’ to become the largest professional services firm in Nigeria by 2004. Williams participated in founding the Nigerian Stock Exchange and the Institute of Chartered Accountants of Nigeria. During a long career, he has received many honours.
With his deft moves and diplomatic connections, he gained business from indigenous companies including Nnamdi Azikiwe’s West African Pilot, K. O. Mbadiwe’s African Insurance Company, Fawehinmi Furniture and Ojukwu Transport. He also provided services to the new state-owned corporations including the Electricity Corporation of Nigeria, the Western Nigeria Development Corporation, the Eastern Nigeria Development Corporation, the Nigerian Railway Corporation and the Nigerian Ports Authority.
By 1964, the expansion of his firm has started as a branch was opened in the Cameroons. This was followed by branches in Côte d’Ivoire and Swaziland, and affiliates in Ghana, Egypt and Kenya. By March 1992, the company had 19 partners and 535 staff. This obviously attested to the hard work the seasoned accountant has put into his work.
With the advent of the Companies Act of 1968, demand for his services increased. This act required that companies operating in Nigeria formed locally incorporated subsidiaries and published audited annual accounts. The drive in the early 1970s to encourage indigenous ownership of businesses also increased demand, and Williams was responsive to all challenges.
In 1973, AW Consultant Ltd, a management consultancy headed by Chief Arthur Mbanefo, was spun off. The company acquired a computer service company and a secretarial service, and in 1977, the company entered into an agreement with Touche Ross International based on profit sharing. Williams was also a board member and major shareholder in a number of other companies. He retired in 1983.
Between April 1999 and May 2004, Akintola Williams & Co. merged with two other accounting firms to create Akintola Williams Deloitte, the largest professional services firm in Nigeria with a staff of over 600.
Among many of his achievements, Williams played a leading role in establishing the Association of Accountants in Nigeria in 1960 with the goal of training accountants. He was also the first President of the association as well as the founding member and first president of the Institute of Chartered Accountants of Nigeria. He is very good at creating new things. He was also involved in establishing the Nigerian Stock Exchange. Akintola Williams remained actively involved with these organisations into his old age.
With an eye on due process, he called on operators to protect the stock exchange market and ensure there was no scandal. He said that, if needed, market operators should not hesitate to seek his advice on resolving any problem. He made himself available even as a retiree.
Some of the public sector positions he held are enormous and they include Chairman of the Federal Income Tax Appeal Commissioners (1958–68), member of the Coker Commission of Inquiry into the Statutory Corporations of the former Western Region of Nigeria (1962), member of the board of Trustees of the Commonwealth Foundation (1966–1975), Chairman of the Lagos State Government Revenue Collection Panel (1973) and Chairman of the Public Service Review Panel to correct the anomalies in the Udoji Salary Review Commission (1975).
Other positions include President of the Metropolitan Club in Victoria Island, Lagos, Founder and Council member of the Nigerian Conservation Foundation and Founder and chairman of the board of Trustees of the Musical Society of Nigeria.
In 1982, Williams’ efforts were recognized and he was honoured by the Nigerian Government with the O.F. R. award
Following retirement in 1983, Williams sought to diversify and keep himself busy. That prompted an all new project aimed at establishing a music centre and concert hall for the Music Society of Nigeria.
In April 1997, he was appointed a Commander of the Most Excellent Order of the British Empire for services to the accountancy profession and for promotion of arts, culture and music through the Musical Society of Nigeria. The Akintola Williams Arboretum at the Nigerian Conservation Foundation headquarters in Lagos is named in his honour.
As the expansion keeps becoming a recurring decimal, the firm adopted the business name “Akintola Williams Deloitte” on July 30, 2004. It has remained the oldest indigenous firm in Nigeria.
On the 8th of May, 2011, the Nigeria-Britain Association presented awards to John Kufuor, past President of Ghana, and to Akintola Williams, for their contributions to democracy and development in Africa.
A Centenarian of no mean repute, Akintola Williams clocked 100 healthy and productive years on August 9, 2019, drawing accolades from reputable movers and shakers of Nigerian and international business as well as politics.
Sir, for your achievements which are innumerable and the many lives you have touched in your 100 years on earth, and since 1952 when you took the bull by the horn to float your own firm, you are our Boss of the Week.
Congrats and happy birthday sir!
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Former Vice President of Nigeria and Presidential Candidate of the African Democratic Congress (ADC), Atiku Abubakar, has expressed bewilderment over President Bola Tinubu’s latest claim that “prosperity is on the horizon” and that “the quality of life is improving,” asking whether the President was referring to another country or the Nigeria that millions of citizens endure every day.
In a statement issued by his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku said the President’s remarks reveal a troubling disconnect between those who govern and the people they were elected to serve.
“Mr. President says prosperity is on the horizon. Nigerians are asking: whose horizon? Certainly not that of the market woman whose capital has been wiped out by inflation. Not that of the civil servant whose salary now expires before the month begins. Not that of the manufacturer struggling under crushing energy costs. Not that of the unemployed graduate who sees no future. Certainly not that of farming communities forced off their ancestral lands by terrorists and bandits, families mourning loved ones slaughtered in senseless attacks, or countless Nigerians who now live in daily fear of kidnappers who have turned human lives into commodities. And certainly not that of millions of households that have quietly reduced the number of meals they eat each day simply to survive.”
Atiku said that while no serious person disputes that President Tinubu inherited challenges, no President is elected to inherit excuses.
“The Constitution did not swear President Tinubu into office to explain history. It swore him into office to change it. Every administration inherits problems. Great leaders are remembered for solving them, not for endlessly rehearsing them.”
The former Vice President noted that after more than three years in office, the Tinubu administration can no longer govern by blaming its predecessors.
“The Nigerian people are not interested in who created the problem. They want to know who will solve it. A government that still blames its predecessors after years in office is, by its own conduct, admitting that it has run out of ideas. President Tinubu may find comfort in blaming those before him, but history will remember his administration as the one under which Nigerians endured unprecedented hardship, institutionalised fiscal recklessness, and one of the greatest appropriation scandals in the annals of our nation. The suffering of Nigerians today is driven not by the past, but by an administration that has elevated opacity over transparency, rewarded a privileged circle of cronies, and condemned millions to deepening economic pain, insecurity, and despair.
“It is even more astonishing that a President who constantly invokes China now blames Nigeria’s population for the country’s difficulties. China did not become an economic superpower by complaining about the size of its population. It became prosperous because visionary leadership transformed that population into its greatest economic asset through sustained investment in manufacturing, infrastructure, education, technology, and export-led industrialisation. Great leaders convert challenges into opportunities. They do not convert opportunities into excuses.
“That is precisely what an Atiku Abubakar administration will do. We will invest aggressively in manufacturing, modern infrastructure, quality education, skills acquisition, agriculture, and export-driven industries to unlock the enormous productive capacity of our people. Nigeria’s youthful population is not a burden; it is our greatest strategic advantage. Our people are not the problem. President Tinubu’s failed leadership is.”
He said it was particularly insensitive for the President to suggest that because hunger existed before his birth, Nigerians should somehow accept the unprecedented hardship confronting them today.
“Nobody ‘elected’ Tinubu to eliminate the hunger of 1940. Nigerians ‘elected’ him to confront the hunger of today. The fact that previous generations endured hardship is not a licence to deepen the suffering of the present generation.”
Atiku stressed that hope is not manufactured through speeches but earned through purposeful leadership and policies that improve lives.
“Hope cannot be preached to a hungry stomach. It cannot be legislated into existence. It cannot substitute for affordable food, stable electricity, productive jobs, quality education, accessible healthcare, or security for families to sleep with both eyes closed. Government inspires hope through performance, not rhetoric.”
He urged President Tinubu to step outside the comfort of official briefings and carefully choreographed ceremonies and reconnect with the realities confronting ordinary Nigerians.
“If the President truly believes that the quality of life is improving, then one must respectfully remind him that the Nigeria he is talking about exists only in his head. It is certainly not the Nigeria where families are choosing between food and medicine, where communities are fleeing armed violence, where kidnappers dictate the rhythm of daily life, and where hope is becoming more expensive than bread.”
Ghana has backed five-year presidential terms as part of a sweeping constitutional reform programme that could reshape elections, political eligibility, public appointments and institutional accountability in one of West Africa’s most stable democracies.
It argues that Ghana’s current electoral cycle leaves governments with too little time to implement and assess major policies because the early months of an administration are dominated by transition arrangements, while the final year is largely consumed by election preparations.
“The early months of every administration are consumed by transition matters, and the final year is largely consumed by elections,” Attorney-General and Minister for Justice Dominic Ayine said while announcing the government’s position.
The proposal forms part of a much broader attempt to rewrite important sections of Ghana’s 1992 Constitution, which came into force in January 1993 and established the country’s Fourth Republic.
Unlike constitutional changes elsewhere in Africa that have been used to remove presidential term limits or extend an incumbent’s stay in office, Ghana’s proposal does not alter the existing two-term limit. It would instead increase the length of each term from four to five years.
President John Dramani Mahama is also serving what the present Constitution treats as his second and final presidential term. He first led the country between 2012 and 2017 before returning to office in January 2025.
The government also accepted in principle a proposal to lower the minimum age for presidential candidates.
Ghana’s Constitution currently requires candidates to be at least 40 years old. The review committee recommended reducing the threshold to 30, but the government settled on 35, arguing that the existing rule excludes qualified citizens on the basis of what it described as an arbitrary age restriction.
Presidential and parliamentary elections would also move from December to the first week of November, creating a longer period between voting and the inauguration of a new government on January 7.
That change is intended to give the Electoral Commission more certainty and provide additional time for transitions and electoral disputes to be resolved.
Under another accepted proposal, presidential election petitions would have to be filed within 14 days of the declaration of results and decided by the Supreme Court within 30 days.
But the five-year term and lower presidential age represent only a small part of the reform package.
The government’s position paper responds to more than 147 proposed amendments and about 59 proposed new constitutional provisions.
The committee behind the report consulted more than 500 experts and practitioners, engaged groups representing more than 21,500 people and received 785 written submissions. Among the most consequential proposals is a plan to cap Parliament at 300 members.
Ghana presently has 276 constituency MPs. Under the government’s model, those 276 seats would remain, while another 24 would be filled through proportional representation and allocated among women, young people and persons with disabilities.
Ghana’s constitutional reform programme also proposes lowering the presidential eligibility age from 40 to 35 and moving elections to November
The government described the cap as a cost-saving measure that would stop the continuing proliferation of constituencies. It plans to commission a study on how the additional proportional-representation seats would be allocated.
The government also accepted a recommendation that Ghanaian citizens by birth should no longer be barred from Parliament simply because they hold another nationality.
Qualifying dual citizens would be permitted to contest parliamentary elections without first renouncing their second citizenship.
The government said the present restriction is inconsistent with Ghana’s growing engagement with its diaspora and reduces the pool of qualified candidates.
Another proposal would create a constitutional right of abode for people of African descent in the diaspora, subject to conditions established by Parliament.
The government linked the measure to Ghana’s Year of Return and Beyond the Return initiatives, which have sought to deepen ties with Africans and people of African heritage outside the continent. It said Parliament would determine the conditions for residence and any pathway to citizenship.
The package also reaches into the management of the economy and public institutions.
The review committee proposed stronger disclosure rules covering public debt, government guarantees, public-private partnerships and liabilities arising from state-owned companies.
It also recommended allowing Parliament to establish an independent fiscal council to scrutinise the sustainability of government finances.
However, the government concluded that several of those objectives could be achieved through existing public financial management laws rather than being written into the Constitution.
This reflects a broader pattern in its response: some recommendations were accepted as constitutional amendments, while others were redirected towards ordinary legislation to avoid creating rigid or expensive new institutions.
The government similarly supported creating a Public Ethics Commission and a body to regulate political parties and campaign financing, but rejected proposals to constitutionally establish some other commissions, saying their responsibilities could be handled by existing institutions or legislation.
It acknowledged that creating several new constitutional bodies would carry significant staffing, accommodation and operating costs at a time when Ghana must balance institutional reforms against spending on infrastructure, health, education and social protection.
The reform process is not Ghana’s first attempt to revise the 1992 Constitution.
A commission established in 2010 submitted its report in 2011, followed by a government White Paper in 2012 and the creation of an implementation committee.
However, the recommendations were not fully implemented. A later attempt to hold a referendum on local government reforms in 2019 was cancelled after political consensus collapsed.
The latest proposals are therefore, not yet law; Ghana’s government plans to appoint a Constitution Review Implementation Committee to prepare two amendment bills simultaneously: one covering non-entrenched provisions and another dealing with entrenched sections of the Constitution.
Non-entrenched amendments require the support of at least two-thirds of all members of Parliament. Entrenched provisions must go through a national referendum.
For a referendum to pass, at least 40% of registered voters must participate and at least 75% of the valid votes cast must support the proposed amendments.
The bills are expected to be ready by October 2026, while the referendum on entrenched provisions is expected in 2027.
That difficult approval process means the government’s endorsement is only the beginning.
But after two earlier reform efforts failed to deliver substantial constitutional change, the five-year presidential term will test whether Ghana can build the political and public consensus required to make its most extensive governance reforms in years a reality.
Source: Inside Africa
The Secretary to the Osun State Government, Teslim Igbalaiye, has been released by the Osun State Police Command.
Igbalaiye’s release was announced by Pelumi Olajengbesi, the spokesperson for the Imole Campaign Council, the group leading the re-election campaign of Governor Ademola Adeleke.
Olajengbesi shared the development on his verified Facebook page on Thursday.
“We sincerely appreciate the Inspector General of Police and the Commissioner of Police, Osun State Command, for listening to the voice of reason despite pressure and for responding to the people’s demand regarding the unlawful arrest of the Secretary to the State Government, Chief Igbalaye Teslim.
“The Nigerian Police Force best serves the nation when it stands against oppression and upholds justice and the rule of law. Welcome back, Chief Igbalaye Teslim. Your courage and sacrifice for the people of Osun State will not be forgotten. Our SSG is out, back and solid,” Olajengbesi wrote.
The spokesperson for the Osun State Police Command, Abiodun Ojelabi, also confirmed the release in a telephone conversation with journalists in Osogbo.
Igbalaiye and five others were arrested and detained by the state police command after a raid on his residence in Osogbo on Wednesday.
The police stated that among those arrested at the SSG’s residence was a suspect on the police watchlist in connection with criminal offences, Oladele Abiodun.
Ojelabi also said a sum of N4,810,500, two Permanent Voter Cards, a voter register, a Dynabook laptop, one photocopy machine and one printer were recovered from Igbalaiye’s residence.
Others arrested with Igbalaiye include Akande Taiwo, 60; Adeyemo Lukman, 45; Olaoye Muftau, 50; and Aderemi Musliu, 40
The PPRO said a police team, acting on intelligence that a criminal gang was hibernating at a location in Osogbo, carried out a lawful raid and apprehended the suspects.
He said, “During the operation, officers recovered exhibits comprising a cash sum of four million, eight hundred and ten thousand, five hundred naira (N4,810,500), one Dynabook laptop, one photocopy machine, one printer, two voter cards and a voter register for Wards 1-15.
“These exhibits have been secured and are currently in police custody for detailed forensic examination and further investigation.
“The recovery of the cash and the register containing voters’ details raises serious concerns regarding possible electoral offences and other criminal activities.
“While investigations are still ongoing, the facts presently available disclose reasonable grounds to investigate the commission of offences, which may include:
“Bribery of voters (vote buying), contrary to Section 121 of the Electoral Act, 2022, arising from the alleged distribution of money or other inducements to registered voters for the purpose of influencing their voting decisions.
“Criminal conspiracy, where two or more persons are found to have agreed to commit an unlawful act; harbouring or concealing a wanted criminal, where any individual is found to have knowingly sheltered or assisted a fugitive from justice; and any other offences that may be disclosed upon the conclusion of the ongoing investigation.”
The release came hours after the Speaker of the Osun State House of Assembly, Adewale Egbedun, alleged that the arrest of the SSG was ordered by the state Commissioner of Police, Ibrahim Gotan, following an incident at an Independent National Electoral Commission stakeholders’ meeting.
Egbedun claimed the commissioner directed the arrest after he was booed by some attendees and noticed Igbalaiye laughing during the incident.
He also alleged that the SSG was later informed that police officers were waiting at his residence. The police, however, maintained that the raid and arrests were based on intelligence linking the suspects to alleged criminal activities and possible electoral offences.
Source: The PUNCH
