Capturing History: Nigeria's Pioneer Chartered Accountant, Akintola Williams, Through the Lens

Nigeria has bid farewell to its pioneering chartered accountant, Akintola Williams, who passed away at the age of 104.

Throughout his lifetime, Williams made substantial contributions to the development of the Nigerian accounting field and played a significant role in the growth of the Stock Exchange.

Akintola Williams commenced his educational journey at Olowogbowo Methodist Primary School, Bankole Street, Apongbon, Lagos Island, Lagos, in the early 1930s. He later received a UAC scholarship to attend Yaba Higher College, where he earned a diploma in commerce. His pursuit of knowledge led him to the United Kingdom in 1944, where he studied Banking and Finance at the University of London, ultimately graduating with a Bachelor of Commerce in 1946. In 1949, he achieved his qualification as a chartered accountant in England.

While in London, Akintola Williams was among the founders of Egbe Omo Oduduwa, with Dr. Oni Akerele serving as President and Chief Obafemi Awolowo as Secretary. This organization played a vital role in promoting Nigerian culture and identity.

In 1952, Akintola Williams established the first indigenous chartered accounting firm in Africa, Akintola Williams & Co, located in Lagos. This pioneering venture laid the foundation for the future of accounting in Nigeria. Between April 1999 and May 2004, Akintola Williams & Co. merged with two other accounting firms, forming Akintola Williams Deloitte (now known as Deloitte & Touche), which stands today as the largest professional services firm in Nigeria, employing over 600 professionals.

Williams was not only a founding member but also the first president of the Institute of Chartered Accountants of Nigeria. He played a pivotal role in the establishment of the Association of Accountants in Nigeria in 1960, with the primary objective of training accountants, and he assumed the role of the association's first president.

Additionally, Akintola Williams made significant contributions to the establishment and growth of the Nigerian Stock Exchange, leaving an indelible mark on the financial landscape of the nation. His legacy as Nigeria's first indigenous chartered accountant and his enduring impact on the accounting and financial sectors will be remembered and celebrated for generations to come.