29/05/2026
Last quarter, a manufacturing client called us because their annual stock count had produced a result their auditors rejected.
The count had been done by their own warehouse staff, while the warehouse was still operating. Without an independent supervisor. Without a master list. Without a variance analysis. And without any documentation of who counted what.
The auditors called it "unverifiable." They were right.
his is unfortunately the norm. Most businesses in Nigeria treat a stock count as a box-ticking exercise. The results are trusted because no one wants to question them, not because they are actually reliable.
Here is what separates a professional stock count from an informal one: Read
Most businesses approach a stock count the way they approach a fire drill, as a bureaucratic necessity done quickly, rarely, and with minimal enthusiasm. Staff are pulled from other duties, counts are rushed, and the results are recorded in a spreadsheet that no one fully trusts.