Ofonmbuk Akpan
About Ofonmbuk Akpan
Ofonmbuk Akpan is the Global Facilities Accounting Lead at ExxonMobil, with extensive experience in accounting and finance, including roles at Etim Ekpo Local Government and Fidelity Bank PLC.
Title
Ofonmbuk Akpan holds the title of Global Facilities Accounting Lead at ExxonMobil.
Current Role at ExxonMobil
Ofonmbuk Akpan currently serves as the Global Facilities Accounting Lead at ExxonMobil. He has been in this role since 2002, making significant contributions to financial operations, budgeting processes, and expenditure efficiency in Lagos, Nigeria.
Previous Work Experience
Prior to his current role at ExxonMobil, Ofonmbuk Akpan worked at Etim Ekpo Local Government as an Accountant from 2001 to 2002, in Etim Ekpo, Nigeria. He also served as a Cash Officer at Fidelity Bank PLC from 2000 to 2001 in Nnewi, Nigeria.
Educational Background
Ofonmbuk Akpan has a diverse educational background. He earned an MBA in International Finance from the University of Nigeria, Nsukka, from 2007 to 2009. He also holds a Bachelor's degree in Accounting from the same university, obtained between 1995 and 1999. Additionally, he completed a two-year course in Accountancy at the Institute of Chartered Accountants of Nigeria from 2007 to 2009, achieving an ACA. Between 2009 and 2011, he also studied Taxation at the Chartered Institute of Taxation of Nigeria, earning an ACTI.
Key Achievements at ExxonMobil
During his tenure at ExxonMobil, Ofonmbuk Akpan implemented new planning and budgeting processes company-wide. He achieved significant expenditure efficiency within the shared services organization for three consecutive years. He also played a vital role in negotiating the collection of approximately $75 million in longstanding receivables from Joint Venture partners and redesigning the reporting infrastructure for Nigeria Joint Venture operations. He negotiated the refinancing of major loans at ExxonMobil Staff Cooperative Multipurpose Society Ltd, reducing the cost of funding and contributed to turning the business from consistent net losses to sustained profitability. Furthermore, he overhauled the financial controls system to enhance efficiency and accountability.