Babajide Olanipekun

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Babajide Olanipekun
Senior Associate, IT and Specialized Software

Babajide Olanipekun

Babajide Olanipekun is a seasoned professional with over 9 years of expertise in the implementation of Governance, Risk, and Compliance (GRC) software, Payroll and HR software, integration with robotics using REST API, and proficiency in IT Audit, IT General, and Applications controls.

Babajide is a proud graduate of the National Open University of Nigeria, where he honed the foundational skills that have propelled his successful career. Committed to academic excellence, he pursued and attained a master’s degree in Information Technology from the prestigious University of Lagos.

Throughout his career, Babajide has demonstrated a profound understanding of GRC methodologies, showcasing his ability to implement and optimize software solutions that enhance organizational efficiency and compliance. His proficiency extends to the seamless integration of software with robotics through REST API, reflecting his commitment to staying at the forefront of technological advancements.

Babajide’s expertise in Payroll and HR software implementation has been instrumental in streamlining human resource processes for enhanced productivity and employee satisfaction. His thorough knowledge of IT Audit, as well as IT General and Applications controls, underscores his commitment to maintaining the highest standards of security and regulatory compliance in the ever-evolving landscape of information technology.

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Babajide Olanipekun

Section 1.3(1) of Guidance on Management Report on Internal Control Over Financial Reporting (ICFR) requires that every Public Company and Public Interest Entity (PIE) are required to file, on annual basis, its audited financial statements including a report on Management assessment on internal control over financial reporting, to the Commission and Council. Public companies and PIEs were mandated to report on ICFR in 2023 and 2024 respectively.

In the subsequent year of adopting ICFR, organizations transition from the initial design and implementation phase into a period of testing, and continuous improvement.

While the first year focuses heavily on establishing frameworks, policies, and control documentation, the second and subsequent year is about strengthening execution, adapting practices into daily operations, and achieving sustainable compliance.

PML Offering in subsequent reporting year

To achieve subsequent years’ objectives around report on ICFR, PML is pleased to offer the following:

  1. Perform walkthrough and substantive testing to confirm that controls are operating as designed.
  2. Identify gaps between documented processes and actual practices.
  3. Provide recommendations and hands-on support to address control deficiencies noted during the first year.
  4. Streamline redundant controls and align them with evolving business processes.
  5. Support management in preparing reliable internal and external reports for regulators, auditors, and investors.
  6. Conduct training and awareness programs to strengthen accountability and control ownership.

With PML Professional Services as your ICFR partner, your year 2 and subsequent year of ICFR report is about turning your compliance into competitive advantage and enhanced confidence in the numbers reported in your financial statements.

For more information on your 2025 ICFR assessment and readiness for attestation, please contact Adeola Adesanya on 08038499321 or aadesanya@pml.com.ng.

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