Globally, the Oil and Gas sector is facing enormous, complex challenges around both development and maintenance. In Africa, the sector is undergoing major policy, system and infrastructural changes.
He has substantial experience in internal audit, corporate governance, enterprise risk management, financial risk management, financial accounting, international financial reporting, organizational change facilitation, business modelling, process reengineering and project management, having led and coordinated a number of large-scale engagements.
Dimeji has led several advisory projects in the oil and gas sector and for other energy and natural resources organisations on: diagnostic reviews, strategic planning, business integration. He has performed several contract reviews involving assessment of the level of compliance of vendors with the terms and conditions of their contracts with client, review of robustness of internal control policies and processes and the assessment of level of compliance with applicable local legislation.
As a Risk Consulting Partner, he has conducted several process audits and forensic reviews for the state-owned oil and gas corporation and other agencies of government, which included: conducting a review of the country’s crude oil and gas revenue administered by the corporation, determining the accuracy and completeness of reported crude oil and gas revenues, establishing the underlying reasons for major inaccuracies and the organisation’s officials involved in the irregularities, among others.
Dimeji also has extensive experience in human resources advisory and design/implementation of a shared services centre for exploration and production companies, including the design of an organisation structure; development of job descriptions specifying skills and competence requirements, determination of manning levels and job grading, the design of procedures and development of supporting technology, and implementation support during roll-out of the new organisation, processes and systems
He also leads teams that perform accounting, financial management and enterprise risk management assignments for entities in the oil and gas sector, covering design and implementation of accounting policies and procedures manual, development of a risk register, design of an enterprise risk management framework and implementation road map.
Dimeji has a degree in Chemistry from the University of Lagos and completed the Advanced Management Programme of the Lagos Business School (LBS). He is Fellow of the Institute of Chartered Accountants of Nigeria and an Associate of the Chartered Institute of Taxation of Nigeria.
He has In-depth technical knowledge with a well established track record in the ability to resolve complex accounting and auditing issues.
With the transition to IFRS effective 1 January 2012 for Public Interest Entities and 1 January 2013 for other Public Interest Entities, Chibuzor has been actively involved in providing IFRS conversion and audit services to a diverse portfolio of clients in either the capacity of engagement partner or engagement quality control reviewer.
Chibuzor has served as engagement partner on several audit engagements for local and multinational clients including listed companies and those operating in the Energy and Natural Resources industry. Chibuzor has extensive knowledge of the Nigerian industry and experience in serving local (private, public and government) and multi-national clients and helping them meet tight deadlines.
As an audit partner, Chibuzor has responsibility for quality control of audit and related services engagements in his group and has also served as an audit quality control reviewer in Sierra Leone, Ghana and Kuwait.
Alwyn Van der Lith
Goodluck has in-depth knowledge of the Nigerian Energy and Natural Resources industry and experience in serving local and multi-national clients and helping them meet tight deadlines. He has also been involved in US GAAP and IFRS engagement with various companies in Nigeria. Specifically, he is involved in groups reporting engagements of several clients who have their group’s primary reporting framework as US GAAP & IFRS.
In addition, with the transition to IFRS effectively 2012, Goodluck has been involved in various IFRS Conversion exercises and audits in the capacity of engagement partners or engagement quality control reviewer.
Goodluck has 18 years of audit experience. He has been the Engagement Partner on the financial statement audit of several companies in the energy and natural resources sector as well as consumer and industrial markets. He has also been involved in various non-audit services such as SOX testings and reviews for subsidiaries of US SEC filers.
As an audit partner, Goodluck has responsibility for quality control of audit engagements in his group and has also served as an audit quality control reviewer in Sierra Leone and South Africa.
Previously He was responsible for various chemical businesses, oil and gas business audits in the Sasol Group.
Alwyn is the engagement partner on Lonmin’s South African mining operations, Lonmin is London Stock Exchange and JSE listed and all their platinum mines are in South Africa. I am also the engagement partner on Western Chrome Mines, a division of Samancor Chrome, JSE listed.
He was the lead partner on Sentula, (JSE) listed entity, mainly contract mining. Alwyn is also currently the lead partner on Optimum Coal, JSE listed, coal mining. he also recently joined the Rockwell Diamond team as client relationship partner, Rockwell is US listed (and JSE), diamond mining.
He is the EQCR on Gold Fields, Sibanye Gold and DRD Gold, all NYSE and JSE listed, gold mining.
Managing the ENR group:
Alwyn is responsible for turnover of approximately R200 million from the ENR Johannesburg, Secunda and Bloemfontein offices. ENR clients range from large listed clients to small clients in the Mining, Oil and Gas and Power and Utilities industries. 17 partners and 136 staff report to me directly. Motivating and developing people are key responsibilities.
Audits of various mining companies i.e. gold, mineral sands, coal, diamonds, chrome, manganese etc..Transaction services experience mainly financial due diligence in the energy and natural resources industry, including international chemical businesses, mining, oil and gas businesses.
IFRS and US GAAP experience in the Oil and Gas, Chemical and Mining industries.
Alwyn currently also lead the firm’s initiative to coordinate the Oil and Gas go to market across Southern Africa.
In addition he is a member of the Innovation council driving innovation within KPMG SA.
Miguel is a finance and financial management specialist and has almost 15 years of experience. His experience covers the following main areas: accounting, business processes improvement, finance and implementation of financial management systems and procedures, internal controls systems and reviews, cost control, budgeting and forecasting, management information systems, internal auditing, external audit (including management letters and follow up on recommendations), preparation of financial and management reports and fund management.
Most of Miguel’s assignments have involved: situational assessments, needs assessment, recommending strategies for improvement, monitoring and evaluation, and budgeting / planning.
Representative Industry Experience
National petroleum company (Petromoc): Miguel had been involved in facilitating risk management workshops with Petromoc for the last 3 years. The main purpose of these workshops are to assist Petromoc Executive and Senior Management in assessing and prioritizing the strategic risks that need to be managed in order to achieve the measurable objectives of Petromoc.
National petroleum company (Petromoc): During the last years, Miguel has been involved in delivering several services to Petromoc incluiding Internal Audit, IT strategy and a SAP post implementation review.
Ministry of Energy (ME): Miguel was the partner responsible for a multiyear capacity building engagement with the ME. The objective of the project was to improve the Ministry’s operation to ensure that it was well positioned to act as a strategic beacon for the energy sector in Mozambique.
Mozambique National Company of Electricity (EDM) and Swedish Embassy: further develop EdM’s business areas and work processes to ensure that past improvements in EdM’s operations are maintained and also to improve EdM’s technical and managerial skills.
Ministry of Energy (ME): Natural Gas and Condensate study for Mozambique’s Domestic Market. The objective of the assignment was to assist the Government to define the appropriate legal, regulatory and policy framework to optimize local natural gas and condensate resources utilization in Mozambique based on market research.
Mozambique National Company of Electricity (EDM) and DANIDA: Miguel was the Project Director of the third phase of the EDM Separation of Accounts Project. This included providing advise on and implementation of restructuring suggestions for EDM’s accounting and costing structure. This was done to enable EDM to meet the requirements of the energy sector reform with regard to business and sector transparency.
National Directorate of Energy (DNE): Miguel was involved in the design and implementation of an integrated financial management system within the World Bank Project Implementation Unit of the Energy Reform and Access Program (ERAP). The goal of the system was to ensure better reporting as well as ensuring more efficient management of funds.
Vale- Several assignments including Business Process Services, Internal Audit and HR development
Rio Tinto - Miguel is the Partner responsible for the 5 year Internal Audit contract with Rio Tinto
Professional and Industry
Experience Emmanuel’s key areas of experience are in providing tax advice, tax compliance and tax services including transaction tax, tax legislation and tax organizational structures. Emmanuel’s key clients include enterprises in mining, telecommunications, oil and gas, manufacturing and services sectors.
He was a council member of the Institute of Chartered Accountants (Ghana) for six years and was also the chairperson of the Examination Committee of the Institute for four years. He led the technical team of the Institute of Chartered Accountants to review Ghana’s Income Tax Law which culminated in Ghana’s current Internal Revenue Act, 2000 (Act 592).
His role as tax partner has given him insight into the practical workings of Ghana’s Tax Laws in the areas of Income Tax, Capital Gains Tax, Value Added Tax, Customs Duties and Gift Tax.
Serves as tax partner to over 70 clients. He is involved in advising various clients on tax regulatory and compliance issues; transaction taxes; tax organizational structures; appropriate methods of restructuring and reporting transactions. He also acts as clients’ representative before tax authorities; presents justifications for the granting of withholding tax exemption and tax clearance certificates; reviews tax returns; advises on tax issues; reviews assessment notices and assists in tax audits and investigations.
As lead partner, he offered tax advice on structuring/restructuring of mining companies and reviewed levels of tax compliance.
Served as lead partner on the coporate structural design for a port services company. He provided professional advice to the consortium with a view to optimising and protecting their tax and financial interest.
As engagement partner, he conducted tax due diligence on the acquisition of a gold mining company.
He was engagement partner on the merger of a local tobacco company and an international tobacco company. The project involved conducting a due diligence on tax exposure, tax audit, assessing compliance of the companies with Ghana Tax Laws; assessing tax advantages arising out of the merger; assessing requirements for non-resident participation and requirements under the Securities and Exchange Commission of Ghana.
Served as tax partner in the proposed merger of two banks in Ghana.
KPMG’s Oil and Gas in Africa sector report explores the current state of oil and gas in Africa and also highlights possible future trends in the sector.