Bayo has over 15 years experience in Business Development and Management with an interest in finance and process development/ improvement across various sectors including: Real Estate, Telecommunications and Service-delivery.
Representative Experience
He is an experienced Management Consultant with a wide range of experience in both public and private sectors and across industry-lines, such as: public finance, development organizations, public health, banking, power and public sector administration.
Bayo has hands-on experience in public financial management, project/ program planning and management, business process analysis/ review, revenue assurance and revenue audit, financial modelling, project implementation, customer/ employee satisfaction survey and performance management system development amongst various service delivery areas.
He was a part of the team that led the Conversion to Accrual-Basis of Accounting for the Federal Inland Revenue Service. On this engagement, the team was responsible for:
- Developing an Accrual Accounting-Compliant Chart of Account;
- Setting-up General Ledger for Accrual Accounting – including the opening balances;
- Designing Financial Reporting formats;
- Developing the Accrual Accounting-Complaint Policies, Processes and Procedures Manual for the Service; and
- Deployment of an Account System for Accrual Accounting
Bayo has also been involved in Finance Process Design for a large Regional Corporation in Nigeria, wherein her was involved in review the accounting policies, processes and procedures of the Corporation for the purpose of design and implementing a more effective system in line with global leading practice.
Since the decision to Implement IPSAS in Nigeria, Bayo has been extensively involved in numerous IPSAS related engagement serving as consultant and/or advisor to Federal and State governments on such engagements as:
- Design of the Roadmap for IPSAS Implementation in Nigeria;
- Development of the National Chart of Accounts and General Purpose Financial Statement for public sector entities in Nigeria;
- Development of the Accrual Accounting Manual for public sector;
- Development of various IPSAS Training Materials for Introductory IPSAS and Accrual Accounting;
- IPSAS Implementation – GL Set-up; Data Capture and Reporting.
Bayo served as a Technical adviser to the Accountant-General of the Federation on Public Financial Management.
He has a Masters Degree in Finance & Management from the Cranfield School of Business, UK and is an alumnus of the Lagos Business School (Advanced Management Programme), Insead Business School (Global Management Programme) and the Harvard Kennedy School of Government (Public Financial Management Programme).
