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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!
Headlines
Court Orders INEC to Publish Adebutu’s Name as Ogun PDP Governorship Candidate Within 24 Hours
The Federal High Court in Abuja has ordered the Independent National Electoral Commission (INEC) to publish the name of Ladi Adebutu as the Peoples Democratic Party’s (PDP) governorship candidate for the 2027 Ogun State election within 24 hours.Judge Peter Lifu gave the order on Friday in a judgement following a suit filed by Mr Adebutu and the PDP to challenge INEC’s exclusion of his name from the final list of candidates for the upcoming 6 February 2027 governorship election.
He consequently declared the exclusion “unlawful, unconstitutional, null and void.”
In resolving the issues raised by parties, Mr Lifu held that the power to nominate candidates for “elections rested solely with political parties.” He ruled that “Neither INEC nor any other authority could take over that responsibility.”
The judge faulted the commission for waiting more than four months before “belatedly publishing the final list on 10 October” without informing the plaintiffs of any intention to exclude their candidate.
He questioned INEC’s decision to raise the issue after the primary had been conducted and monitored, when it could have raised any concerns in its monitoring report.
Mr Lifu warned that allowing INEC to exercise such powers would amount to a “dangerous show of power”.
He said such authority could allow the commission to disqualify candidates only days before an election, adding that INEC did not possess absolute powers.
The judge also held that the membership register tendered before the court contained Mr Adebutu’s name against serial number 1536.
He said the evidence established that Mr Adebutu was a member of the PDP and that it was the political party, not INEC, that had the authority to determine its membership.
The judge questioned why INEC considered it its responsibility to determine who belonged to a political party, holding that the commission exceeded its powers by omitting Mr Adebutu’s name.
The dispute
The dispute followed the exclusion of Mr Adebutu and his running mate from the final list of candidates published by INEC for the 6 February 2027 Ogun State governorship election.
INEC published the final list on 10 October, featuring 13 governorship candidates but excluding the PDP from the race.
INEC said its decision followed the PDP’s alleged failure to comply with the membership register requirements under the Electoral Act 2026.
Section 77(5)–(7) of the Act requires political parties to submit their membership registers to INEC within the stipulated period. The provisions also empower the commission to scrutinise the registers.
In September, the Supreme Court upheld the constitutionality of the provisions in a case involving the Zenith Labour Party and INEC. The ruling affirmed the requirement for political parties to submit their membership registers before conducting valid primaries.
Following the exclusion, the PDP and Mr Adebutu approached the Federal High Court in Abuja in October, asking it to compel INEC to recognise him as the party’s governorship candidate.
The plaintiffs challenged the commission’s decision, arguing that it violated their right to fair hearing and breached provisions of the Electoral Act. They asked the court to set aside the decision and direct INEC to publish Mr Adebutu’s name as the party’s governorship candidate within 24 hours of its order.
INEC opposed the suit, maintaining that Mr Adebutu’s name was missing from the PDP membership register submitted to the commission. It therefore urged the court to dismiss the suit for being incompetent.
Source: Premium Times
Former Tottenham, Chelsea and Paris Saint-Germain boss Pochettino would have an enormous task on his hands to revive a club that has never recovered from the departure of Alex Ferguson 13 years ago.
The Red Devils, once the dominant force in English football, have been overtaken by Manchester City, Liverpool and Arsenal.
United’s next game is against fierce rivals Liverpool at Anfield on November 22.
President Bola Tinubu has rewarded each player of the Flamingos with a savings certificate worth N100 million, after the team became the first African nation to win the FIFA Under-17 Women’s World Cup.
The First Lady, Senator Oluremi Tinubu, announced the awards at a reception at the Presidential Banquet Hall, Abuja, where she represented the President.
The head coach is to receive N100 million in cash, while each member of the technical crew gets N50 million.
She praised the team for winning six consecutive matches, and for the humility, discipline and respect they showed after the final.
Senator Tinubu said the victory would inspire young girls and show that their ambitions can be realised on the world stage.
She also commended the coaches, technical and medical staff, administrators, parents and fans for their contributions.
The U-17 team won their first FIFA World Cup title after defeating Japan 2-1 in the final on November 7, with goals from Awawu Bashiru and Oluebube Umejiaku securing the historic victory.
The Flamingos lost their opener 2-1 to Poland, but dominated in the remaining matches, defeating defending champions North Korea, Puerto Rico, and Mexico.
Their first-ever appearance in the final was sealed with a 3-1 victory over Brazil, before taking home the trophy after beating Japan.
The players have received commendations from government officials and football fans around the world.
President Tinubu congratulated the Flamingos for becoming the first African team to win the FIFA U-17 Women’s World Cup.
Tinubu, in a statement by his spokesperson, Bayo Onanuga, said he received the news upon his return from campaign engagements in Akwa Ibom and Rivers States.
He also described Nigeria’s maiden triumph as a proud moment for the country and a landmark achievement for African women’s football.
The Senate also pledged a N100 million reward for the Flamingos.
The pledge followed a motion moved by the Chairman of the Senate Committee on Sports, Senator Abdul Ningi, who congratulated the players on their outstanding performance and commended the Nigeria Football Federation (NFF) for its role in the team’s achievement.
The latest feat by a Nigerian sports team came less than two years after the senior women’s football team, Super Falcons, won their 10th Women’s Africa Cup of Nations title in Morocco.
In 2025, the D’Tigress won a historic 2025 FIBA Women’s Afrobasket title.
