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SERVICES PROFESSIONAL SERVICES RENDERED

Auditing

We provide audit service by reviewing the books and records of organizations in order to form an opinion on the true and fair view of the state of affairs of the organization.
We provide audit service by reviewing the books and records of organizations in order to form an opinion on the true and fair view of the state of affairs of the organization.
This service is rendered following a detailed programme designed to cover every aspect of the organization to form a reliable opinion and also in line with the provision of the Companies and Allied Matters Act of 2020 and relevant Accounting Standards (e.g., International Financial Reporting Standards, International Public Sector Accounting Standards, etc.)
This service is rendered following a detailed programme designed to cover every aspect of the organization to form a reliable opinion and also in line with the provision of the Companies and Allied Matters Act of 2020 and relevant Accounting Standards (e.g., International Financial Reporting Standards, International Public Sector Accounting Standards, etc.)
We carry out special audits or investigations into the financial affairs of any organization, association or fund as may be requested by client. This would be outside the scope of statutory audit and will be restricted to the terms of reference (TOR).
We carry out special audits or investigations into the financial affairs of any organization, association or fund as may be requested by client. This would be outside the scope of statutory audit and will be restricted to the terms of reference (TOR).

Tax Administration/Business Consultancy

We bring clarity to the complexities of taxation. We advise clients on tax matters and planning opportunities.
We bring clarity to the complexities of taxation. We advise clients on tax matters and planning opportunities.
We also on their behalf register with the respective tax authorities and offices, preparation of clients’ employees monthly/annual returns and preparation of all relevant tax returns both at State and Federal levels covering Value Added Taxes (VAT), Withholding Taxes (WHT), Company Income Tax (CIT), Capital Gains Tax (CGT), Petroleum Profit Tax (PPT), etc.
We also on their behalf register with the respective tax authorities and offices, preparation of clients’ employees monthly/annual returns and preparation of all relevant tax returns both at State and Federal levels covering Value Added Taxes (VAT), Withholding Taxes (WHT), Company Income Tax (CIT), Capital Gains Tax (CGT), Petroleum Profit Tax (PPT), etc.
We also follow up and obtain Tax Clearance Certificates both at State and Federal levels, Export Licence, Industrial Training Fund (ITF), National Social Insurance Trust Fund (NSITF) etc.
We also follow up and obtain Tax Clearance Certificates both at State and Federal levels, Export Licence, Industrial Training Fund (ITF), National Social Insurance Trust Fund (NSITF) etc.

Accountancy/Accounting Automation

We prepare accounts of any organization or association for such period as may be requested.
We prepare accounts of any organization or association for such period as may be requested.
Setting up of Computerized Accounting Systems by using Off the Shelf Software’s such as Peachtree, Tally, Sage etc.
Setting up of Computerized Accounting Systems by using Off the Shelf Software’s such as Peachtree, Tally, Sage etc.
We also document accounting system and procedure for clients, thereby adding value to their process and operations.
We also document accounting system and procedure for clients, thereby adding value to their process and operations.

Financial Advisor to Businesses

We act as Business Development Service Provider (BDSP) and also as an Accredited External Auditors to the Bank of Industry Limited (BOI) respectively.
We act as Business Development Service Provider (BDSP) and also as an Accredited External Auditors to the Bank of Industry Limited (BOI) respectively.
This is in support of the BOI aggressive industrial development and expansion drives across Federation in support of the Micro, Small and Medium Enterprises (MSME) to ease their loan facilitation processes, make their documentations comprehensive and complete and first attempt with full adequacy for approvals and disbursement.
This is in support of the BOI aggressive industrial development and expansion drives across Federation in support of the Micro, Small and Medium Enterprises (MSME) to ease their loan facilitation processes, make their documentations comprehensive and complete and first attempt with full adequacy for approvals and disbursement.
Hence Olugbenga Folarin & Co. (OFCNigeria), serves as a ONE-STOP-SHOP for businesses entities in all related BOI services, from Secretarial Services, to All Taxes, to Audited Financials and relationship with third party Banks for the provision of Bank Guarantee (BG) for their loan collateralization.
Hence Olugbenga Folarin & Co. (OFCNigeria), serves as a ONE-STOP-SHOP for businesses entities in all related BOI services, from Secretarial Services, to All Taxes, to Audited Financials and relationship with third party Banks for the provision of Bank Guarantee (BG) for their loan collateralization.

Trust But Verify (Forensic)

One of the great maxims of Forensic and Investigation is to trust everyone and all information given at all times. Nonetheless, it’s expedient to compulsorily verify that information with available proofs for a total validation and reliability. Hence at OFCNigeria, we have over the years with our detailed procedure test, thorough documentary reviews, calm and level-headed approaches to jobs, we have been able unravel the best of frauds and link the broken chains making visible the unspoken words with the display of the fraudulent intentions and executions in any financial transactions.

Our deep experience spanning over two decades across several sectors of the Nigerian economy gives us the best of insight, knowledge advantage and basic understanding of the modus operandi of most private companies, government establishments, agencies, parastatals, public entities and other non-governmental organisations in Nigeria. We therefore pride ourselves to deliver the best of Forensic and Investigation Services while delivering our reports without any fear or bias to the best of our ability and available resources.

Other Services

  • Our Financial advisory services cover fundamental activities such as sourcing of funds and drawing up financial packages for new or existing, small or big firms or companies. The range of services offered covered subjects like cost of raising capital, cash flow, insurance, financial planning to help in business expansion and turn around. We carry out in-depth studies of a given business environment and recommend the feasibility and viability of projects on behalf of individuals and companies. We help draw up a business plan for a new or an existing business and provide management services for the realization of the business objectives.

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