Motunrayo Adeniji

Motunrayo Adeniji
Audit Manager

MOTUNRAYO ADENIJI

Motunrayo is an experienced Audit Manager with several years of experience delivering high-quality external audit services to public and private sector clients. She has led statutory audits and assurance engagements across diverse industries, with a strong focus on audit quality, regulatory compliance, and risk-based audit execution.

She started her career at PML Professional Services where she has gained extensive experience managing end-to-end external audit engagements, including audit planning, risk assessment, execution, review, and reporting in accordance with IFRS, ISA, and applicable regulatory requirements.

Motunrayo is adept at identifying significant audit risks, designing appropriate audit responses, and resolving complex accounting and reporting matters in collaboration with management and those charged with governance.

In her role, she leads and develops audit teams, ensuring effective supervision, coaching, and performance management, while fostering a strong culture of audit quality and independence.

She has a Higher National Diploma in Accountancy from Lagos State Polytechnic (now known as LASUTECH) and is a Chartered Accountant (ACA).

Meet the other team members

Motunrayo Adeniji

NOTIFICATION OF CHANGE OF PARTICULARS
When Do You Need to File a Notification?
Life and business move fast. You must notify the tax authorities if any of the
following occur:
For Individuals
Change of Name: Usually due to marriage or legal deed poll.
Change of Address: Moving your primary residence (this may affect which
State Internal Revenue Service you pay your PAYE or personal income tax
to).
Change of Employment: Transitioning from an employee (PAYE) to a
self-employed person or business owner.
Contact Information: Updates to your phone number or the email address
linked to your NIN/TIN.
Change in Business Name: If the company rebrands or changes its
registered name with the CAC.
Change in Registered Office: Moving the physical headquarters or principal
place of business.

Changes in Directorship: When directors resign or new ones are appointed.

Nature of Business: If a company shifts from, for example, "General
Contracts" to "Oil and Gas Services" (this often changes the tax rate or
applicable incentives). -
Cessation of Business: If the business stops operating entirely, you must
notify the NRS to prevent continuous "Best of Judgment" (BOJ)
assessments.

  1. Why It Matters
    Failing to update your records is more than a clerical error; it carries real-world
    consequences: - - - -
    Invalid Tax Clearance Certificates (TCC): If your records on the NRS portal
    don't match your current CAC status, your TCC application will likely be
    rejected.
    Missed Legal Notices: The law considers a notice "served" if it is sent to
    your last known address on file. If you’ve moved and don't receive an audit
    notice, the NRS can proceed with legal action in your absence.
    Penalty Accumulation: In the case of business cessation, if you don't
    officially notify the NRS that you've closed, they will assume you are still
    earning income and continue to charge late filing penalties.
    Bank Account Freezes: With the 2026 integration of NIN-TIN-BVN,
    discrepancies in your data across different agencies can trigger automated
    "Red Flags," leading to temporary restrictions on your bank accounts.
https://youtu.be/vax435MO5lY

JOIN OUR FREE NEWSLETTER