Name: Seyi Olanrewaju
Job title: Technical accounting manager
Sector/business area: Telecommunications
Size in country: MTN employs over 6,000 individuals and operates an extensive distribution chain with over 111 trade partners and an informal chain of at least 70,000 sales outlets.
Organisation details: Since entering the Nigerian market 10 years ago, MTN has become an intrinsic part of Nigerian social and economic life, offering services that act as a catalyst for development. Several of their ICT and mobile phone products have blazed a trail in the Nigerian telecommunications industry and revolutionized the way Nigerians live, work and play.
With over 40 million subscribers and more than $7 billion invested in fixed assets and facilities nationwide, MTN Nigeria has taken the lead in providing world-class telecoms services.
‘ACCA is first to communicate about changes going on worldwide,’ says Seyi Onanrewaju, technical manager at MTN. ‘And I personally like their drive for research. As an organisation, at MTN we use ACCA publications and their website to find ideas to apply at work.’
ACCA trainees and members are making a direct contribution to helping MTN achieve its goals, as Olanrewaju explains: ‘MTN is a member of a group based in South Africa. Our group is adopting International Financial Reporting Standards (IFRS) and we need accountants that are familiar with them. ACCA provides professionals with the skills we need.’
As they progress with their operations, MTN is embracing a win-win ideology that stimulates economic development and a vibrant and stable society. Olanrewaju anticipates continuing to work closely with ACCA, particularly on IFRS adoption. ‘We need to develop our finance unit so that we’re all speaking the same language.'