•The Story Of The LAGOS Financial Management Expert
Osifo Samson is an Accountant and a Financial Management Expert and a Good Communicator with strong persuasion and Negotiation Skills.
Formerly the Financial Director of Osafure (Nig.) Limited and also a Senior Consultant with Emma Elliot & Associates where he specialised in Investigating Financial Statement and Debt Recovery. He is the founder of Fosam Institute where he lectures Financial Management, Taxation, Financial Reporting and Management Accounting. He was formerly the Account Officer of Amigo International Limited.
Presently, he is the Principal Partner of Osifo Samson & Co., a Financial, Management and Tax Consulting Firm whose analysts and consultants specialize in Management Accounting, Corporate and Managerial Finance, Management Consultant, Operational Management, Financial Advisory, Facilitator of Bank Loans & Overdrafts, Bank Charges Review and Reconciliation and Tax Management.
He had his First Degree (BSc.) in Accounting from Olabisi Onabanjo, Ago-Iwoye after which he proceeded to the Lagos State University for Masters’ in Business Administration (M.BA Business Administration). He further went on to the University of Lagos for a Masters’ of Science in Accounting (Msc. In Accounting). He’s also a holder of a Masters’ of Science (MSc. Finance) from the Covenant University, Ota, Ogun State and a PhD. in Credit Management from the International University of Panama. He equally obtained PhD. in Financial Economics from Leeds Beckett University, former Leed Metropolitan University, London, UK, PhD in Corporate Finance (In-View), Covenant University and he belongs to various Professional bodies both in Nigeria and International Countries. Among them are; (i.) Association of Chartered Certified Accountants (ACCA) – UK (ii). Chartered Institute of Bankers of Nigeria (iii). Association of Forensic and Investigative Auditors of Nigeria (iv.) International Professional Managers Association – UK (v.) The Institute of Chartered Economists of Nigeria (vi.) Chartered Institute of Taxation of Nigeria (vii.) Institute of Management Consultant of Nigeria (IMCON) (viii.) Chartered Institute of Credit Administration of Nigeria (ix.) Chartered Institute of Finance & Control of Nigeria (x.) Chartered Institute of Auctioneer, Nigeria (xi.) West Africa Institute of Management Consultant – Ghana.
He is also on the board of several companies in Nigeria.
He says our short-term goal is to grow from our financial management consultancy service to an appreciable level to cover major business opportunities and facilities in Lagos State in two (2) to four (4) years. This we hope to extend to major parts of the country.
“Our long-term goal is to grow to other major African countries within a period of ten (10) to fifteen (15) years from operational inception. Taking advantage of the vacuum existing in the financial and management sector, we hope to assist in developing people, add value through service and make a profit.
MISSION
They provide clients with analysis advice and services designed to maximize the value of firms for the benefit of owners, managers and investors.
OUR SERVICES
We appreciate the Class and Capital differences in the society and we have thus segmented our offering to satisfy extended market demand. At present, we are consulting for over One Hundred (100) companies both financial institutions and companies registered by the Corporate Affairs Commission.
We have been able to achieve these without any form of formal marketing and advertisement. Our clients have been strictly on referrals and below the line advertising since we were careful to avoid a demand glut.
AS FINANCIAL ADVISERS: We have commenced financial consultancy in terms of advising in the process of making decisions on a viable project. The project may be an independent, mutually exclusive and contingency project.
We give our best advice and decision on such projects and financial statements in general.
FACILITATE BANK LOANS AND OVERDRAFT: We also render services called loans and overdrafts. The preparation of the proposal by the firm (Osifo Samson & Co) for her client helps to facilitate and make things easy for the collection of loans and overdraft which the company will identify through the operating cycle in terms of the working capital of such organisation.
FINANCIAL INVESTIGATION: This is also another premium service where value-added services are offered to clients.
Financial investigation is another name for Audit Management. This is a process where all financial transactions are investigated through the company’s financial statement (Trading, Income Statement and Balance Sheet) these have helped in the detection and prevention of fraud.
AS DEBT RECOVERY AGENT: This is primarily what has made the organization (Osifo Samson & Co.) well known in the financial sector and in general financial institutions.
Our tactical way of resolving issues in terms of collecting money back from different borrowers for the bank has generated a lot of concern for both the bank and the borrower. Most of the Remedial Asset Management (Recovering Department) has seen our services as one of the best.
TAX MATTER: This is also one of the services that we render to clients. We help organizations and individuals identify allowances & relief of tax incentives given by the government In terms of avoidance. Common taxes are personal income tax, company income tax, capital gain tax, petroleum profit tax; value-added tax and withholding tax.
BANK CHARGES AND RECONCILIATION: This service is targeted at corporate organizations and Private individuals that issues with the bank in terms of high interest rates. The bank statement of account of such company will be reconciled and possible central bank rate reconciled and the possible central bank rate is applied in the computation.
MANAGEMENT CONSULTANT: This service is a method developed to manage the activities of resources available in an organization. The services rendered under this include project management, business/marketing planning, business development and outsourcing.
STRENGTH
• Our service is innovative where reliable (shortest availability time is certain) and customer friendliness (experienced staff) is obtainable • We are duly accredited by Corporate Affairs Commission to run Management and Financial Consultancy Services Management is committed and confident • Management team is capable of recovering over 150 million naira back to the financial institution. • Our services which include loan resolution will eliminate stress, time wastage and unnecessary spending by the facilitators or banks.
WEAKNESS
• Lack of competitive strength in form of number of companies • We can’t cover the whole companies in Lagos • Presence and reach will have to be built overtime • Our competitors have a head start • Management and Financial Services is a necessity to any organization • As the level of customer confidence increases, so will the level of demand for our service increase, and this will create more revenue • Could develop new services for different target customers • Nigerians respond to new ideas where quality, convenience, timeliness, reliability, customer friendliness and cost-effectiveness are derivable benefit • Our advance technology and innovation will create more market share and better service delivery • The success of this service will create opportunities in other major states and cities in the country • The success of this service in the country will create opportunities in other major African countries and cities.
THREAT
More competitors will come up due to the viability and profitability of the service.
OUR COMPETITIVE STRENGTHS
• We are a team of professionals of over Ten (10) years of experience in Management and Financial Services for companies • Provisions for qualitative and reliable services • Superior service delivery • Bringing uncompromised quality and standard in Management & Financial services • Requisite staff with extensive experience in Management, Finance and Customer care • Lagos has over 15 million (assumed) population of which an assumed 500 thousand registered companies are located in, Lagos both the private and public companies including financial institution and non-financial institution • With a conservative estimate of 200 thousand companies registered in Lagos, that needs the services of financial, management and tax consultants in the operation and delivering of their services • With over major Ten (10) recognized management & financial consultants presently in Lagos, they cannot meet the demand of half of the registered companies in Lagos. These will normally lead to too many jobs on the table of these few consultants, our target is to meet the demand of market share and revenue respectively.
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