Adeola Adesanya
Director

ADEOLA ADESANYA.

Adeola Adesanya is a pioneer member and currently an Executive Director/Partner at PML. He serves as a key member of the technical team. He has about 14 years experience in providing accounting services, International Financial Reporting Standards implementation and other financial advisory services to clients; and serving the growing PML’s clientele. He currently oversees the deployment of specialized software – GRC, accounting and HR software, accounting service and HR outsourcing functions of the company.

He ensures quality assurance in software deployment and accounting service functions. He has been involved in Financial Due Diligence projects and review of Internal Audit practice for financial institutions. An Accounting and business software facilitator. Adeola enjoy engaging in business and economic analysis.

Prior to joining PML Advisory, he worked at BGL Plc in Financial Control and Investment Management department. Adeola has experience in financial and regulatory reporting, review of management account for the purpose of audit preparation, portfolio and bank reconciliation, management of corporate and high net worth individuals’ portfolio, team player in market making activities.
Adeola holds an MBA in Management from Edinburgh Business School, Heriot-Watt University, United Kingdom and Bachelor of Science degree in Business Administration from University of Lagos.

He is an associate member of the Institute of Chartered Accountants of Nigeria (ICAN) and Chartered Institute of Taxation of Nigeria (CITN). A certified Sage 200 evolution and Sage 300 implementer. He is also certified in Sage 300 People HR and Payroll software.

Meet the other team members

Adeola Adesanya

Every financial service e.g, banks, insurance, stock-broking and others shall or will ensure every taxable person provides tax ID.

Every person that makes or has source of income and is of taxable age must be able to provide the tax ID, it is used to to track the flow of funds and how much the person is able to generate.

The uses of a Tax ID

– Legal and business compliance: A business, company or an organization cannot legally operate a formal business or register (with the CAC in Nigeria) without eventually linking the business name to  TIN (Tax Identification Number).

– Filing Obligations: You cannot legally file annual tax returns or pay personal/corporate income tax without a TIN.

– Avoiding Penalties: Operating a business or earning a significant income without a TIN can lead to audits, fines, or legal action for tax evasion.

– Tax ​Identification Number: It allows the government to uniquely identify taxpayers and link them to their tax records, much like a social security number or a national ID.

– Opening Accounts: Most commercial banks require a TIN to open business accounts and, increasingly, high-tier personal accounts.

– Loans and Credit: Financial institutions use your tax history (linked to your TIN) to verify income and assess creditworthiness. Before securing a mortgage or a business expansion loan is nearly impossible.

– Government Contracts: To bid for government tenders or contracts, a Tax Clearance Certificate (TCC) is usually required, which can only be issued if you have a valid TIN and a clean tax record.

– ​Import and Export: If you are involved in international trade, a TIN is required to clear goods through customs and obtain necessary shipping licenses.

– ​Invoicing and VAT: To legally charge and remit Value Added Tax (VAT), a business must be registered with a TIN.

– Asset Registration: In many countries, you cannot register a vehicle, purchase land, or obtain a Certificate of Occupancy without providing a TIN.

– ​Foreign Exchange: Accessing official foreign exchange markets or transferring large sums of money internationally often requires tax identification for anti-money laundering (AML) compliance.

– ​Professional Licenses: Many professional bodies require a TIN before issuing or renewing licenses to practice (e.g., in law, accounting, or medicine).

– Social Safety Nets: During crises, governments often distribute subsidies, grants, or relief packages. Having a registered TIN makes you eligible for these formal support systems.

– ​Refunds: If you overpay your taxes or are eligible for tax credits, the government uses your TIN to process and issue your refund.

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