stablished in 1961 as ‘D. O. Dafinone & Co’ by the late foremost chartered accountant, Senator David Omueya Dafinone, Crowe Dafinone is Nigeria’s largest indigenous accounting and consulting firm. Dedicated to providing exceptional and unique services to public and private entities in audit, tax, business advisory, risk and performance, the company has been a competitive option in its line of business since inception. It is an independent member of Crowe Horwath International, a Swiss association which it joined in 2003 as ‘Howarth Dafinone’. With over six partners and several professional accountants, Crowe Dafinone is considered as a smart alternative to the big four accounting firms in Nigeria in the form of KPMG, Deloitte, PWC, and Ernst & Young.
Since its establishment, the firm has offered its clients value for money by consistently ensuring that clients’ books of accounts are properly maintained as required by law. It is able to achieve this through a meticulous guidance and monitoring of clients in the preparation of financial statements that conform to the statutory requirements and standards of the Indigenous and International Professional Institutes. As a financial inspector, Crowe Dafinone takes audit as the core of its service and ensures that the complex processes involved in fostering financial transparency are demystified through adequate planning, thorough understanding of clients’ businesses, operational strategies, risk assessment, risk management, and financial reporting.
Key industry players including local and international corporations have enjoyed the cutting-edge tax services provided by Crowe Dafinone. With its technical experts, the firm helps its clients to deal with critical problems that confront their businesses more efficiently, thereby promoting growth. It has assisted clients to make informed decisions on tax planning and compliance, strategic business plans, financial control, and cost reduction. Through the financial trainings and skills imparted by its experts using its pragmatic approach to feasibility studies and interpretation of tax legislation, clients are provided access into safe business practices.
The firm contributed immensely to the new legislation on Value Added Tax in 1993, a legislation that demands from businesses and individuals additional taxes for goods and services obtained at any given time. Crowe Dafinone’s participation in the making of these laws armed it with an extra bit of insight into the nation’s taxation processes, which it readily applied in its dealings with clients who otherwise might have fallen foul of the law out of ignorance. In other words, the company, on behalf of its clients, negotiates with the tax administrator for the best possible value, while still remaining on the side of the law.
In recognition of the importance of digitization in contemporary business practices, Crowe Dafinone, in collaboration with Dafinone Consulting Limited, has expanded its portfolios to include the procurement and installation of accounting systems for companies. Under this arrangement, the purchase, installation, and maintenance of hardware, software, and other computing needs are left in the hands of experts, who ensure that optimum results are guaranteed and margin of error is significantly shortened. Of course, it can only be expected that the whole process intrinsically entails a beneficial transfer of technical know-how to the clients.
Crowe Dafinone also has a reputation in other areas of service delivery. Its robust experience in re-branding has spiked demand for its services by distressed organizations seeking to turn their fortunes around through liquidation or receivership in a deregulated Nigerian economy. After an in-depth investigation by its experts, many ailing businesses received a shot in the arm that steered them back into solvency, in the form of debt rescheduling, merger, acquisition, and reconstruction as advised by the Crowe Dafinone business egg heads.
Senior Management Team
Babatunde S. Lawal, FCA, Partner
Omolola E. Samuel, FCA, Partner