President Bola Ahmed Tinubu has appointed Shamseldeen Ogunjimi as the new Accountant-General of the Federation, reinforcing his administration’s commitment to transparency, accountability, and excellence in financial management. This appointment follows an intensive and merit-based selection process, ensuring that the nation’s financial administration is placed in capable hands. Ogunjimi will officially take over the role on March 7, 2025, succeeding Oluwatoyin Madein, who is set to retire on the same day after years of dedicated service.
A statement released by Bayo Onanuga, Special Adviser to the President on Information & Strategy, confirmed the appointment and emphasized the highly competitive nature of the selection process. Ogunjimi was initially named as the successor to Madein in December 2024 before undergoing additional rigorous assessments to finalize his position. The Presidency underscored that the selection process was carefully designed to ensure that only the most qualified and competent individual would assume this crucial role. The process involved Directors of Accounts within the Federal Civil Service and was conducted with the utmost transparency, reflecting Tinubu’s determination to reform and strengthen Nigeria’s financial institutions for improved efficiency and accountability.
Ogunjimi, a seasoned financial expert with vast experience in public sector financial management, has spent decades honing his expertise in accounting, taxation, and financial policy implementation. At 57 years old, he holds a Bachelor of Science in Accountancy from the University of Nigeria, Nsukka, obtained in 1990. He further advanced his academic qualifications with a Master’s degree in Accounting and Finance from the University of Lagos. His professional affiliations include being a fellow of both the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Taxation of Nigeria, positioning him as one of the country’s leading experts in financial oversight and taxation.
With this wealth of experience, Ogunjimi is expected to bring renewed dynamism to the nation’s financial administration. As the new Accountant-General, he will be responsible for overseeing the management and disbursement of federal government funds, ensuring strict adherence to financial accountability standards, and implementing policies aimed at enhancing transparency in the public sector. His role will be pivotal in improving Nigeria’s financial management framework, reducing leakages, and reinforcing mechanisms that ensure government funds are utilized effectively for national development. His appointment comes at a time when Nigeria is undergoing significant economic reforms aimed at optimizing revenue generation, enforcing fiscal discipline, and enhancing overall public expenditure management. His leadership is expected to provide stability and strategic direction in navigating these crucial financial reforms that are central to the country’s economic growth and sustainability.
President Tinubu extended his congratulations to Ogunjimi and urged him to approach his new responsibilities with the highest level of integrity, professionalism, and dedication to national service. The President reaffirmed his administration’s unwavering resolve to strengthen public financial institutions and uphold the principles of good governance in managing the country’s resources. Ogunjimi’s leadership is expected to contribute significantly to reinforcing fiscal discipline, ensuring financial prudence, and fostering an economic environment that supports growth, investment, and sustainable development.
As Ogunjimi prepares to step into this strategic role, there is widespread anticipation about the impact his leadership will have on Nigeria’s public finance administration. His appointment signals a progressive step toward achieving greater financial accountability and efficiency in government operations. His expertise will be crucial in ensuring that Nigeria’s financial system aligns with global best practices, making the nation’s economy more resilient and transparent.
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