The 51th President of Institute of Chartered Accountants of Nigeria (ICAN)

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Fri, 05/30/2014 - 15:15 -- staff


The President, Otunba Olufemi Deru, is a fellow of the Institute (FCA) and a Fellow of the Association of Chartered Certified Accountants of United Kingdom (FCCA); an Associate member of the Institute of Secretaries and Administrators (ACIS); Fellow of Nigerian Institute of Management (FNIM) and Justice of Peace (JP) of Ogun State, Nigeria. 

Femi Deru worked in various capacities in the United Kingdom -as a Chief Tax Officer in Her Majesty’s Tax Office in Grosvenor District, Central London and Barnet District in Hertfordshire, UK. He also worked as the Group Management Accountant of Berec Group in London. 

He joined Berec Nigeria Plc in 1972, where he worked as Chief Accountant and Company Secretary; Finance Director; Deputy Managing Director; Acting Managing Director and later Chairman from 1972 to 1998. 

He was a Senior Associate Consultant with Omolayole and Associates, a leading management consultant outfit in Lagos. He is also the Managing Consultant of Femi Deru & Associates. He served as Coordinator and Secretary to Council of Nigerian Institute of Management 1995-1996. He was a Council member of the Lagos Chamber of Commerce and Industry since 1982; Chairman, Industrial Group 1995 to 1998; Honourary Treasurer 1999 to 2002; Vice President from 2003; Chairman, Tenders Board 2003 to 2005 and Chairman, Trade Promotion Board, (the organisers of the Lagos International Trade Fair) on behalf of the Lagos Chamber of Commerce and Industry. 

Otunba Femi Deru became the President of the Lagos chamber from 2009 to 2011 and was elected a member of Council of the Federation of World Chambers of Commerce from 2011 to 2013. 

His services to the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) included- Member, Import Licence Committee of Federal Government of Nigeria in 1983; Member of the National Industrial Development and Strategic Planning committee, 1989/1990; Representative on UNCTAD/WTO Regional body in Casablanca, Morocco, 2004; Deputy President of NACCIMA in 2010.

He also served as Chairman, Chemical Sectoral Group of Manufacturers Association of Nigeria (MAN) and Raw Materials Council 1986.

He was the Chairman, Dry Cell Battery Manufacturers of Nigeria and a member of Governing Council of Nigerian Council of Management Development (2005-2008). He served as coordinator and Secretary to Council of Nigeria Institute of Management from 1995-1996.

Otunba Deru served as the Administrator (Chief Executive) of the Institute of Chartered Accountants of Nigeria in 1994 and was elected Council member in 2002; Chairman of Annual Accountant’s Conference from 2003 to 2005 and Honourary Treasurer in 2009. He was 2nd Deputy Vice President 2012/2013 and 1st Deputy Vice President 2013/2014. 

He is a Rotarian and served as District Treasurer, Rotary International District 9110 (Ogun and Lagos States) in 1989/90 and was President of Rotary Club of Ikeja 1996 to 1997.

He served on the Board of Private and Public Companies, some of which are Centre for Management Development (CMD), Eternal Oil Plc, AVOWA Holdings and VITAPUR Nigeria Limited, a subsidiary of Vitafoam Plc. 

He represented the Organised Private Sector at various seminars, courses, fora and conferences, in Nigeria and overseas where he made very valuable contributions. He is on the board of several private and public companies. Otunba Olufemi Deru bagged many awards and recognitions.