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It saddens us to announce the death of one of the founding members of NCMG International, Chief Mrs Olutoyin Olusola Olakunri who passed away at the age of 80 years, during a church service at St Paul Anglican Church, Breadfruit, Lagos Island on June 4, 2018.

A Chartered Accountant, Industry Captain & Administrator, Chief Mrs Olutoyin Olusola Olakunri was born on November 4, 1937. She hails from Gbagura, Abeokuta, Ogun State. She attended primary school in Nigeria and completed her secondary and tertiary education in the United Kingdom.

In February 1963, Olakunri qualified as a member of the Institute of Chartered Accountants of England & Wales; and became a Foundation Member the Institute of Chartered Accountants of Nigeria [ICAN] in 1965.

In 1978, Olakunri was the Chief Promoter of the Society of Women Accountants in Nigeria (SWAN), which she served as Chairman for over a decade. Olakunri had worked with Casselton Elliot & Co., as  Chartered Accountant, and the then, Nigerian Industrial Development Bank (NIDB), among others. She subsequently took a courageous leap into entrepreneurship and corporate management, owning and managing industrial outfits and venturing into stockbroking.

The first female President of the Institute of Directors (Nigeria), former member of the National Revenue Mobilization Allocation & Fiscal Policy Commission, Vision 20:2020 Committee, & Council of the Nigerian Stock Exchange, Olakunri was also a nominated member of the Constituent Assembly that generated the 1979 Constitution of the Federal Republic of Nigeria. Similarly, she was on the Finance Committee of Nigeria Institute of International Affairs (NIIA), and for 8 years on the Board of Nigeria Liquefied Natural Gas (NLNG) Limited.

Chairman of former Education Trust Fund (now Tertiary Education Fund) for two terms, she variously served on the Council of Federal University of Ado-Ekiti, Redeemer’s University, Bells University of Technology, & Achievers’ University. She was Chairman, the Committee of Elders.

Olakunri was recognized locally and internationally for her varied contributions to the accounting profession and societal development. Among the honours are:

  • Officer of the Federal Republic [OFR] of Nigeria.
  • The African Leadership Forum Foundation for Distinguished Contribution to Women Empowerment in Nigeria.
  • International Women Society for Meritorious Services to the Community.
  • ICAN Merit Award for the upliftment of the Accountancy Profession.
  • Nigerian Library Association Award for Eminent Services Award.

She received Honorary Doctorate Degrees in Business Administration from the University of Ado-Ekiti, Lagos State University and the University of Nigeria, Nsukka. Olakunri also had chieftaincy title awards by communities in Owo, Ijebu-Ode, Abeokuta and Ijero-Ekiti.

She was happily married to Elder Simeon Olakunri, SAN with seven children and grandchildren.


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