50 facts you need to know about Akintola Williams

The Nigerian legendary Accountant, Akintola Williams passed way in the early hours of today. 50 facts you need to know about Akintola Williams, who died at the age of 104 years.

Here are 50 facts you need to know about him:

1.            Akintola Williams was born on 9 August 1919, a year after the end of the First World War.

2.            His grandfather was Z.A. Williams, a merchant prince from Abeokuta

3.            His father, Thomas Ekundayo Williams was a clerk in the colonial service who set up a legal practice in Lagos after training in London, England.

4.            Akintola Williams was the older brother of Rotimi Williams, popularly called Timi the law

5. His other younger brother was the late Rev. James Kehinde Williams, a Christian minister.

6.            Akintola Williams attended Olowogbowo Methodist Primary School, Lagos in the 1930s

7.            His brother, Rotimi Williams, also attended the same primary school.

8.            Akintola Williams attended the CMS Grammar School, Lagos.

9.            He went on to Yaba Higher College on a UAC scholarship, obtaining a diploma in commerce.

10.          In 1944, he travelled to England where he studied at the University of London.

11.          Studying Banking and Finance, he graduated in 1946 with a Bachelor of Commerce.

12.          He continued his studies and qualified as a chartered accountant in England in 1949. He was one of the founders of the Egbe Omo Oduduwa Society while in London, with Dr. Oni Akerele as President and Chief Obafemi Awolowo as Secretary.

13.          Williams returned to Nigeria in 1950

14.          He served with the Inland Revenue as an assessment officer until March 1952

15.          He founded his accounting firm, Akintola Williams and co in 1952.

16. The company was the first indigenous chartered accounting firm in Africa.

17.          One of his company’s clients was Nnamdi Azikiwe‘s West African Pilot

18.          Another was K. O. Mbadiwe‘s African Insurance Company

19.          There was also Fawehinmi Furniture.

20.          Ojukwu Transport was also his client. So also, the Electricity Corporation of Nigeria

21.          Western Nigeria Development Corporation also gave him a consultancy

22.          Eastern Nigeria Development Corporation too did. Others are:

23.          Nigerian Railway Corporation and

24.          Nigerian Ports Authority.

25.          The first partner in the firm was Charles S. Sankey, appointed in 1957

26.          He was followed by the Cameroonian, Mr. Njoh Litumbe

27.          Litumbe opened branch offices in Port Harcourt and Enugu and later spearheaded overseas expansion.

28. In 1964, a branch was opened in Cameroons, followed by branches in Côte d’Ivoire and Swaziland, and affiliates in Ghana, Egypt and Kenya.

29.          By March 1992, the company, according to Wikipedia, had 19 partners and 535 staff

30.          Demands grew as a result of the Companies Act of 1968, which required that companies operating in Nigeria formed locally incorporated subsidiaries and publish audited annual accounts.

31.          The drive in the early 1970s to encourage indigenous ownership of businesses also increased demand

32.          In 1973, Akinola Williams (AW) Consultant Ltd, a management consultancy headed by Chief Arthur Mbanefo, was spun off.

33.          The company acquired a computer service company and a secretarial service, and in 1977, the company entered into an agreement with Touche Ross International based on profit sharing.

34.          Williams retired in 1983.

35.          Between April 1999 and May 2004, Akintola Williams & Co. merged with two other accounting firms to create Akintola Williams Deloitte (now known as Deloitte & Touche), the largest professional services firm in Nigeria with a staff of over 600.

36.          Williams played a leading role in establishing the Association of Accountants in Nigeria in 1960 with the goal of training accountants.

37. He was the first President of the association.

38.          He was the founding member and first president of the Institute of Chartered Accountants of Nigeria.

39.          He was also involved in establishing the Nigerian Stock Exchange.

40.          He was a member of the Federal Income Tax Appeal Commissioners (1958–68)

41.          Member of the Coker Commission of Inquiry into the Statutory Corporations of the former Western Region of Nigeria (1962)

42.          Member of the board of Trustees of the Commonwealth Foundation(1966–1975)

43.          Chairman of the Lagos State Government Revenue Collection Panel (1973)

44.          Chairman of the Public Service Review Panel to correct the anomalies in the Udoji Salary Review Commission (1975).

45. President of the Metropolitan Club in Victoria Island, Lagos

46.          Founder and Council member of the Nigerian Conservation Foundation

47.          Founder and chairman of the board of Trustees of the Musical Society of Nigeria.

48.          In 1982, Williams was honoured by the Nigerian Government with the O.F. R..

49.          Following retirement in 1983, Williams threw himself into a project to establish a music centre and concert hall for the Music Society of Nigeria.

50.          In April 1997, Williams was appointed a Commander of the Most Excellent Order of the British Empire for services to the accountancy profession and for promotion of arts, culture and music through the Musical Society of Nigeria.