Frederick Omoerah

Tax compliance
• HQ oversight (relationship manager) and management of the tax function for 40 Aramco subsidiaries. Review
and approve all CIT returns for 40 global affiliates ensuring clarity, technical accuracy, and policy compliance
prior to submission.
• Enforce affiliates compliance of Group tax policy/protocols, while partnering with group finance, law, IT, and
Big 4 advisors to ensure smooth running of the tax function.

Tax technology
• implement in-house tax reporting and compliance monitoring technology used by 100+ affiliates for
standardized tax submissions and real-time filing status.

Tax accounting and reporting
• Oversea group tax accounting (consolidation) function involving over 100 subsidiaries. Prepare the quarterly
tax accounting briefing book and present tax numbers to management- current tax, deferred tax, cash tax,
UTP, ETR
• Manage the Group tax reporting application (GTR) which is used by affiliates to report their tax numbers.

Functional reviews and M&A projects
• Functional reviews of company transactions and agreements to ensure tax compliance and identify tax risks
• Monitor tax audits
• Support the tax workstream in M&A transactions

Tax strategy and compliance
• Set up the group tax strategy document and put in place processes and controls to ensure compliance
in line with the defined tax strategy.
• Manage the tax function for all oil and gas entities in the HH group. These are Heirs O&G(OML17),
Tenoil (ATA-Inanga), Transcorp Energy (OPL 281). The group has a running production potential of
up to 65, 000bopd (plus JV). Heirs O&G is a $1 .1b Shell divestment in 2020.
• Defined the tax risk framework and approve monthly transaction tax computations. These includes:
PPT, CIT, VAT, WHT, payroll taxes, royalties and industry levies.
• Manage a team of 2 Tax accountants.
M&A Tax Due diligence
• Work stream lead on Tax and Finance due-diligence support in relation to an 100% share acquisition
of an IOCs operation in Nigeria with average daily production of up to 500, 000barrels (JV). Tax DD
covered: uncertain tax positions, existing tax liabilities, deferred tax assets/liability assessment,
assessing unresolved tax disputes and acquisition taxes.
• Work stream lead on Tax and Finance due-diligence support in relation to acquisition of 16 onshore
assets of an IOC operation Nigeria and various countries with average daily production
• of 300, 000barrels (JV). Tax DD covered: transaction tax exposure of mineral right acquisition, CGT
and stamp duties exposures, cost splitting of intangible/tangible drilling costs to manage CGT and
capital allowance claw-back.
• Review financial and tax models for debt financing to determine enterprise/equity values.

Tax accounting/technology and dispute resolution
• Prepare complex Petroleum Profit Tax and Companies Income Tax calculations for onshore, marginal
field and shallow water assets in relation to annual and monthly tax provisions.
• Prepare deferred tax calculations for all assets in the group and assess uncertain tax positions in line
with IAS 12 for annual and monthly tax provisions.
• Finance project Lead on the successful ERP implementation (ORACLE cloud) for all Finance modules
and payroll module. Finance modules cover: Payables, Receivables, Cash management, Fixed
Assets, Tax, Accrual and Payroll.
• Manage the annual statutory audit exercise with the Revenue. This includes executing tax appeal
tribunal redress and negotiating final tax exposures and payment plans.

Tax compliance, audits and strategy
• Lead tax planning processes and ensure efficient levels of tax liabilities for the company.
• Advise on tax structuring and carry out annual tax risk assessments for the entire group.
• Ensure transfer pricing compliance in respect of all related party transactions.
• Initiate processes and controls to ensure prompt processing and remittance of tax payments and
reconcile tax accounts.
• Sensitize employees on developments in the tax processes and impact on business processes.
• Oversee tax consultants in the preparation and filing of all tax returns (CIT, VAT, WHT, PAYE, TP.
• Liaise with and monitor the performance of tax consultants, auditors and bankers.
• Manage statutory tax audits (FIRS, SBIR, PENCOM, ITF, NEITI, NCDMB etc.)

Tax Accounting and advisory
• Provide internal tax advisory services to business units and departments in the group.
• Prepare monthly and annual tax computation and deferred tax calculation for monthly management
and annual accounts.
• Keep up to datewith current industry tax practices and regulations and proactively advise management
appropriately.

Tax accounting
• Team member/ Lead in statutory audit engagements for various PwC clients.
• Reviewed the income tax provisions and disclosures of the IFRS consolidated financial statements for
various entities with special focus on the accuracy of tax provisions in IFRS financial statements.
• Provided several IFRS tax accounting and reporting opinions
• Prepare complex deferred tax computations for entities engaged in Power, Oil and gas exploration, oil
trading and downstream oil and gas operations.
• In 95% of corporate tax controversy engagements led, eventual tax liabilities agreed with tax
authorities were within range of the amounts advised client upon commencement of the tax
controversy exercise.
• Provide income tax accounting guidance on the implications of several merger and acquisition
activities including spin-offs, reverse acquisition, debt push down, asset acquisition.
• Trained the finance teams of companies on tax accounting in line with IAS 12

Tax advisory
• Provide tax due-diligence services spanning a wide variety of industries including oil and gas, FMCG,
energy and financial sectors.
• Prepare the accounting and tax model for infrastructure projects.
• Provided financial reporting and tax structing advice for various entites.
• Carry out annual tax health checks for entities

Practice Management
• Won a team award, as Most Knowledgeable Tax Manager PwC Nigeria 2017.
• Consistently achieved a minimum of 90% of budgeted revenue, 70% recovery rate, 6-8 weeks lock up
and 105% staff utilization.
• Consistently achieved excellent rating on engagement risk reviews.
• Consistently maintained a rich client opportunity pipeline not less than annual revenue budget at any
point.
• Developed strong client relationships leading to growth in revenue per client, referrals and cross
functional opportunities.
• Identified as a great identifier of talents, excellent performance coach with proven ability to maintain
a friendly work environment even under intense work pressure.

• Advised clients across industries on various aspects of merger and acquisition transactions including
tax efficient deal structuring, analysing and quantifying tax assets, assessing tax risks, and modelling
income tax payable and cash flow impacts.
• Preparation and filing of tax returns for KPMG clients who are major players in the oil and gas, financial
services and consumer market industries (CIT, VAT, WHT).