Adaze Joy Aguele

Provide leadership and guidance to the finance and accounting teams

• Tracking cash flow and analysing the company’s financial weaknesses and strengths, whilst proposing corrective actions
• Oversee departments involved in the purchase, pricing, investments, debt management, accounts payable and receivables, budget and international/donor funding
• Provide financing recommendations to the Governor and members of the Executive Council
• Reduced the state's debt by 38% within 12 months through reconciliation and debt forgiveness.
• Recovered 42% of SME loans distributed in 2016 to small businesses
• Support the processes of financial prediction and preparation of budgets
• Oversee the preparation of financial reports
• Ensure the execution of long-term financial and business planning
• Establishing and maintaining good relationships with external partners, stakeholders and investors· Formulate and evaluate policies relating to Finance and green finance
• Management of Public and Private Partnership matters/activities
• Monitoring of all revenue lines IGR increased by 30% in the second year due to Oil and Gas from the national
• CEO of SPVs, Edo Internal Revenue Services (EIRS), Edo Asset Management
• Developing the plans and programmes needed to achieve the designed objectives by all revenue-collecting Agencies
• Coordinating all World Bank and other Multilateral Funds and Projects in conjunction with the Ministry of Economic Planning and Budget
• Responsibility for matters relating to the State Consultancy Board. Borrow on behalf of the Government from any individual or institutional bodies
• Establish relationships with international and local financial institutions, creditors and institutional investors
• Maintain a reliable database of all instruments issued, loans taken or guaranteed by the Government or any of its Agencies and all contingent liabilities related to it
• Prepare and submit to the Government, for consideration in the annual budget, a forecast of the State’s borrowing capacity, a forecast of loan service obligations for each financial year and advise the Government on the terms and conditions on which monies are to be borrowed
• Prepare and implement a plan to efficiently manage the State’s debt obligation at sustainable levels compatible with desired economic activities for growth and development, and participate in negotiations to realise those objectives
• Reconcile where applicable, service debts taken by Local Governments where such debts are authorised and guaranteed by the Government

• Prepared the State Government's Annual Recurrent Budget and processed the Annual Budget of Agencies/Organisations
• Implementation and monitoring of the Development Plan in line with ESG, SDG, and Climate-related disclosures, Green Budgeting Policy and Climate Funding
• Analysis of all the financial papers, including audited accounts of the State’s statutory corporations, parastatals, and Companies
• Periodical reviews of the financial status of corporations. Economic Development Matters.
• Ascertain that levies or tax assessments are raised at the appropriate time
• Formulation of Policies and Programmes for the Board of Internal Revenue on Surtax, Estate Duty, Capital Gains Tax, Purchase Tax, Betting Duties, Motor Vehicle Registration Renewal Levies
• Provided advice and counsel to all revenue-generating agencies and helped them understand, interpret and apply established policies and procedures
• Advised the State from time to time on General Financial and Monetary matters, both locally and internationally
• Propose to the government/revenue objectives rendered through research, including the analysis of the income/revenue survey, and develop the plans and programs needed to achieve the designed objectives by all revenue-collecting agencies.
• Finalised the development of the 30-year master plan.

• Established company brand for improved visibility and recognition. Identified Board Chair and Vice Chairperson
• Led team to achieve company objectives on time and within budget
• Support companies on sustainability compliance and reporting, including Annual Reports on diversity, TCFD, ISSB, and CSRD committee work
• Developed a business model based on the needs and gaps within Nigeria, especially with public investments and supporting overall economic development across the geopolitical zones.
• Explore market opportunities and support MDAs with actualising their mandates in a sustainable way
• Act as lead arranger for alternative finance, such as the issuance of Corporate Bonds, Private Capital Venture Capital, Carbon footprint reduction trading and incubator investments for corporate entities.
• Assess potential business partnerships and development prospects, figuring out our commercial viability and putting creative ideas into practice that integrate rigorous strategies to ensure proper and impactful deal closure
• Develop SDG products or services, such as carbon credit negotiations, to support the future ability to meet debt service obligations
• Led and implemented business development process frameworks and directed analysis of strategies, policies and legislative bills which impact the core business
• Developed collaborative strategies for sustainable (SDG) objectives for corporates by linking them with accredited international agencies that support Climate action and mitigation

• Managed Green Bond Programme in collaboration with Climate Bonds Initiative, Financial Sector Deepening Africa and FMDQ
• Successful transaction advisory for the issuance of N55Bn worth of green bonds for corporates and Sovereign Issuances
• Developed the strategy and collaborated with Luxembourg for the first Green Exchange in Africa. As well as developing ESG and Sustainable Impact reports for international Investors
• Led and implemented business development process frameworks and directed analysis of strategies, policies and legislative bills which impact the core business of FMDQ Group; and presented recommendations to form strategic partnerships to increase market share by 3% and listings on the Exchange
• Develop collaborative strategies for sustainable (SDG) infrastructure capital injection for economic development (Housing, Roads, and sustainable projects) through Capital Market Securities by way of enabling Sustainable/ESG Bonds, Commercial papers, and other debt capital product issuances
• Drive policy development and reviews to provide an enabling environment for the Nigerian capital market, supported the approval of the NMRC UUS by CBN, the assent of BOFIA, CAMA, and developed the National Housing Strategy Blueprint and twelve other strategic concepts, such as the monetisation of Road Infrastructure Tax Credit Certificates
• Responsible for identifying, pitching, and winning transactions across FMDQ’s service offerings by developing relationships and managing strategic partnerships that generate revenue, improve profitability and ultimately position FMDQ as market leader
• Accelerate primary issuances for debt and equity listings through partnerships with potential issuers for economic development. oversee all vital government stakeholders and global economic development alliances and ensure strategic implementation of the group’s strategies
• Accomplished Government and Regulatory interface for FMDQ and ensured timely and accurate results/actions/responses to Capital Markets legislative and regulatory requirements by the Group, its five subsidiaries and FMDQ’s benchmark jurisdictions
• Developed the PACET Agenda (Policy Reviews and Formulation, Advocacy, Capacity Building, Engagements, and Technical Assistance) to guide engagements with the Federal Ministry of Environment
• Initiated and oversaw the Inter-ministerial Climate Finance Advisory Committee to drive market education and entrench the principles of sustainability in the Nigerian capital market
• Oversee economic development transformation levers for critical sectors of the Nigerian economy (housing finance, infrastructure & sustainable/green finance). Ensured smooth running of the Nigerian Green Bond Market Development Programme and its workstreams.
• Oversee product development and research on financial market initiatives to be driven by members of relevant DCMD Project Sub-Committees, as well as other stakeholders, and provide advocacy support and technical input as needed. Benchmarking with peers on reporting best practices of green bonds and impact reporting
• Drive policy development and reviews to provide an enabling environment for the Nigerian capital market to grow and represent the organisation at high-level stakeholder meetings and attend relevant conferences and roundtables
• Supported the approval of the NMRC UUS by CBN, the assent of BOFIA, CAMA, Climate Change Bill and developed the National Housing Strategy Blueprint; and twelve other strategic concepts, such as, the monetisation of Road Infrastructure Tax Credit Certificates
• Responsible for identifying, pitching, and winning transactions across FMDQ's service offerings by developing relationships and managing strategic partnerships that generate revenue, improve profitability and ultimately position FMDQ as a market leader
• Accelerate primary issuances for debt and equity listings through partnerships with potential issuers for economic development. oversee all vital government stakeholders’ global economic development alliances and ensure strategic implementation of the group's strategies
• Accomplished Government and Regulatory interface for FMDQ and ensured timely and accurate results/actions/responses to Capital Markets legislative and regulatory requirements by the Group, It's five subsidiaries and FMDQ's benchmark jurisdictions
• Developed the PACET Agenda (Policy Reviews and Formulation, Advocacy, Capacity Building, Engagements, and Technical Assistance) to guide engagements with the Federal Ministry of Environment
• Initiated and oversaw the Inter-ministerial Climate Finance Advisory Committee to drive market education and entrench the principles of sustainability in the Nigerian capital market

• Responsible for overseeing power assets belonging to PHCN/NEPA assets worth over N200 Bn to settle inherited liabilities, including residential and commercial properties, lands and other power equipment
• Conceptualised and executed strategies for optimal performance and generated revenues for the settlement of inherited non-core liabilities of NEPA/PHCN; managed contractual agreements on behalf of the Government
• Initiated evaluation, verification, quantification process and disposal of scraps or obsolete items and overtime cargoes. Built, established, and maintained strong relationships with C-level executives, BPP, BPE, MOFI, MOPW&H, NERC, NEMSA, DISCOs, and GENCO
• Collaborated with key government agencies to accomplish the evaluation of 700 overtime cargoes belonging to PHCN in Apapa, Oshodi, Kaduna and Port Harcourt Central Stores in preparation for valuation and disposal
• Negotiated high-value contracts for maximised profitability.
• Streamlined processes with technology integration.
• Provided direction during critical decision-making process to enable strategic growth.
• Led team development initiatives towards enhanced performance.

• Provided executive-level leadership and strategic direction to the Authority’s service departments, including finance, accounts, HR, administration, housing product identification and information technology
• Advised board and executive management on financial risks/implications of intended real estate initiatives
• Controlled the insourcing of funds for capital projects. Developed and directed department functional strategies, work plans, and key indicators while ensuring alignment with FHA’s strategy and objectives
• Presided over Board meetings of FHA Homes as Vice Chair and supervised the affairs of FHA Mortgage Bank. Streamlined its operations and injected capital to lubricate its business operations
• Generated N5B IGR from 14 housing estates of the Federal Housing Authority in 24 months
• Developed policies and coordinated the implementation of effective procurement, security and facilities management, transport & registry services
• Financial governance and controls
• Designed and implemented strategic long-term plans
• Manage the internal shared service centre to ensure robust transactional processes and strong internal stakeholder relationships
• Lead the quarterly forecast and annual budget cycles, working closely with all departments for data collection, consolidation, analysis and review.
• Measured productivity targets, KPIs and all relevant data supporting the Company’s contribution to the Group. Handled Cash management, treasury Budgeting and forecasting.
• Oversaw IT, HR and General Administration of the Authority. Monitored operations to assess and highlight results.
• Initiated hiring push and training of industry-renowned candidates to drive organisational improvements.
• Identified and resolved operational issues impacting productivity, performance or profitability.

• Influenced market position by developing impactful branding strategies.
• Secured increased revenue streams by developing innovative financing structures.
• Analysed projects for capital deployment and helped structure multi-million-pound deals.
• approving/sanctioning, and monitoring credit quality of structured finance transactions (such as project finance, structured trade finance, infrastructure finance and securitisation) worth N210 billion in Nigeria
• Conceptualised advanced financial models for transactions and prepared PowerPoint and schematics for decision-making and transaction clarity. Managed relationships with export finance agencies, COFACE, SACE, HERMES, China EXIM and Local banks/financiers
• Conceptualised advanced financial models for transactions and prepared PowerPoint and schematics for decision-making and transaction clarity. Managed relationships with export finance agencies, COFACE, SACE, HERMES, China EXIM, and Local banks/financiers
• Facilitated N1BN recapitalisation of Daar Communications Limited (Owners of African Independent Television and Ray-power Radio Stations) and Financial Adviser to N1.5 billion Real Estate structured financing package for Delta State/government
• Oversaw the development of analytical tools to help evaluate various debt structures with third-party capital providers, which include side-by-side funding, super senior lines, joint ventures, and co-mingled funds.
• Deal origination managed a team of heads in the North overseeing 19 States.
• Established and implemented short term regional goals and policies, liaised with all SBU’s within the group and the financial services industry.
• Kaduna state Bond origination and deal structure N8.5 billion First trench. Deal origination and closure for Niger state Bond N9 billion and Delta state Bond
• Developed marketing documents for Bayelsa state Bond Instrument N100 billion
• Independently built relationships with institutional investors for the BGL group and handled business development and execution on Equity, Bond Deals, OTC transactions. Managed Pension Fund Portfolio Management on all tiers of investment
• Creation of the Guaranteed Consolidated Fund for investment
• Prepared financial information related to payroll, capital projects, and operating supplies.
• Delivered clear guidance and KPIs for financial planning processes to support consistent deliveries and offer sufficient information to explain drivers and trends.
• Improved financial status by analyzing results, monitoring variances, and recommending financially sound actions.

• oversee and managed the company's accounting operations, ensuring financial accuracy, regulatory compliance, and effective internal controls
• Coordinated periodic statutory management and annual financial reports using IFRS and complied with FSA regulations, converged from UK GAAP
• Led the accounts team of 8 for adequate preparation of monthly management accounts for each business, five divisions, and teams.
• Project handled the deployment of a new accounting software
• Evaluated reports to identify key variances for the Board of Directors, executed meetings with divisional heads on all accounting matters and prepared all Board
• Facilitated regulatory compliance by conducting thorough inspections and audits regularly.

• Ensure the accurate and timely production of monthly finance pack and CP Management Information reports for the pension Funds. All portfolio management for Pensions division.
• Team management, including performance management, coaching, and staff appraisals.
• Planning team activities to ensure resource availability and completion of objectives within predetermined timescales. Collation and review of financial reporting data before submission to the Corporate Finance Team. KPI management.
• Ensure all client assets under management and cash reconciliations are completed on a timely basis and in accordance with regulatory requirements. Management reporting, including Risk Management and Operational

• Oversee the day-to-day running of the Finance team. Responsible for monthly reporting of costs for Fortis UK Branch, including accruals, prepayments, allocations, etc.
• Developed financial strategy, including risk minimisation plans and opportunity forecasting.
• High-level financial reporting and analysis. Regular budget consolidation and cash flow management.
• Improved efficiencies and reduced costs across the business and ensured the successful integration of expense payment and reporting aspects of a newly acquired subsidiary
• Primary contact for all accounts, budget and forecasting issues related to salary costs and associated staff expenses, and staff expense reimbursement ensured foreign payments procedures were followed through funds transmission. Reconcile all Forex transactions and ensure they are checked upon receipt of foreign
• payment amount to ensure correct GBP equivalents are keyed into SUN

• Set up the London finance team from scratch. Hired and trained junior finance staff. Implemented a new accounting framework
• Overall responsibility for P&L and BS Reporting. UK GAAP and German GAAP exposures. Overseeing German and UK GAAP reconciliation
  Supervised Credit Control staff and debt collection, facilitated quarterly VAT reporting and annual accounts and produced monthly financial and management reports
  • Prepared Statutory Reports, Half and Year-End Reports, prepared payment authorisations and transfers and supplier invoices ledger. Carry out foreign exchange reconciliation and balance sheet reconciliations
  • Managed account payables and receivables activities, prepared draft audit accounts and liaised with the externally appointed auditor. Prepare monthly and quarterly management accounts for the organization, including reports to the board of directors. Monitor and manage payments and invoice payments
  • Act as the main point of contact for addressing any inquiries and questions related to financial operations. Managed payroll, pension scheme, and employee benefits
• Liaised between the finance department and other departments, fostering inter-departmental collaboration.