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  •   Mr Okolieaboh Sylva Acting Accountant General of the Federation AGF has urged accounting professionals to be custodians of the public trust in carrying out their duties in their respective organizations He gave the advice when members of the Institute of Chartered Accountants of Nigeria ICAN Abuja and the District Society visited the Nations Treasury House in Abuja to mark this year s International Accounting Day He said that it was important for them to ensure probity accountability and transparency in the use of public resources According to him accountants must be people who can be trusted and must exhibit all forms of integrity in their actions If we are to play our part we must be able to do so in a way that is transparent and that the public can see and ask questions That s our role here and that s what we re doing whether it s IPPIS TSA and all the reforms we re doing here are aimed at improving transparency and accountability That s the reason for accountability so people can ask questions and we give them the information they need because it s a two way thing he said Mr Oduwa Izekor District Chairman ICAN Abuja and District Society said the day is to raise awareness of the role of accounting professionals in fighting corruption in the country Because of the nature of the work you do there s a lot of trust in your work which means there needs to be a lot of trust in you and there needs to be a lot of integrity on your part All accountants around the world need to do their jobs with a lot of integrity because there is a lot of trust in the decisions and the work that they do If integrity is missing the decision would be misplaced and the consequences would be very disastrous he said Ms Mbang Esu President of the Abuja Chapter of the Society of Women Accountants of Nigeria SWAN also called on the accountants to be the treasurers and ensure that they keep records for effective resource management The purpose of this celebration is to remind us that as accountants we have a duty of care to execute our duties with all accuracy and integrity So I call on all professional accountants to execute whatever they do with integrity as our nation will be better off and the world will benefit from it as well he added The Nigerian News Agency reports that the day began with a health walk from ICAN House through Berger Junction and ended at the AGF office Edited Source Credit NAN
    International Accounting Day: Be custodian of public trust – Acting AGF tasks accountants
      Mr Okolieaboh Sylva Acting Accountant General of the Federation AGF has urged accounting professionals to be custodians of the public trust in carrying out their duties in their respective organizations He gave the advice when members of the Institute of Chartered Accountants of Nigeria ICAN Abuja and the District Society visited the Nations Treasury House in Abuja to mark this year s International Accounting Day He said that it was important for them to ensure probity accountability and transparency in the use of public resources According to him accountants must be people who can be trusted and must exhibit all forms of integrity in their actions If we are to play our part we must be able to do so in a way that is transparent and that the public can see and ask questions That s our role here and that s what we re doing whether it s IPPIS TSA and all the reforms we re doing here are aimed at improving transparency and accountability That s the reason for accountability so people can ask questions and we give them the information they need because it s a two way thing he said Mr Oduwa Izekor District Chairman ICAN Abuja and District Society said the day is to raise awareness of the role of accounting professionals in fighting corruption in the country Because of the nature of the work you do there s a lot of trust in your work which means there needs to be a lot of trust in you and there needs to be a lot of integrity on your part All accountants around the world need to do their jobs with a lot of integrity because there is a lot of trust in the decisions and the work that they do If integrity is missing the decision would be misplaced and the consequences would be very disastrous he said Ms Mbang Esu President of the Abuja Chapter of the Society of Women Accountants of Nigeria SWAN also called on the accountants to be the treasurers and ensure that they keep records for effective resource management The purpose of this celebration is to remind us that as accountants we have a duty of care to execute our duties with all accuracy and integrity So I call on all professional accountants to execute whatever they do with integrity as our nation will be better off and the world will benefit from it as well he added The Nigerian News Agency reports that the day began with a health walk from ICAN House through Berger Junction and ended at the AGF office Edited Source Credit NAN
    International Accounting Day: Be custodian of public trust – Acting AGF tasks accountants
    Economy3 weeks ago

    International Accounting Day: Be custodian of public trust – Acting AGF tasks accountants

    Mr. Okolieaboh Sylva, Acting Accountant General of the Federation (AGF), has urged accounting professionals to be custodians of the public trust in carrying out their duties in their respective organizations.

    He gave the advice when members of the Institute of Chartered Accountants of Nigeria (ICAN) Abuja and the District Society visited the Nations Treasury House in Abuja to mark this year's International Accounting Day.

    He said that it was important for them to ensure probity, accountability and transparency in the use of public resources.

    According to him, accountants must be people who can be trusted and must exhibit all forms of integrity in their actions.

    “If we are to play our part, we must be able to do so in a way that is transparent and that the public can see and ask questions.

    “That's our role here and that's what we're doing, whether it's IPPIS, TSA and all the reforms we're doing here are aimed at improving transparency and accountability.

    "That's the reason for accountability so people can ask questions and we give them the information they need because it's a two-way thing," he said.

    Mr. Oduwa Izekor, District Chairman, ICAN Abuja and District Society, said the day is to raise awareness of the role of accounting professionals in fighting corruption in the country.

    “Because of the nature of the work you do, there's a lot of trust in your work, which means there needs to be a lot of trust in you and there needs to be a lot of integrity on your part.

    “All accountants around the world need to do their jobs with a lot of integrity because there is a lot of trust in the decisions and the work that they do.

    "If integrity is missing, the decision would be misplaced and the consequences would be very disastrous," he said.

    Ms. Mbang Esu, President of the Abuja Chapter of the Society of Women Accountants of Nigeria (SWAN), also called on the accountants to be the treasurers and ensure that they keep records for effective resource management.

    “The purpose of this celebration is to remind us that as accountants we have a duty of care to execute our duties with all accuracy and integrity.

    "So I call on all professional accountants to execute whatever they do with integrity, as our nation will be better off and the world will benefit from it as well," he added.

    The Nigerian News Agency reports that the day began with a health walk from ICAN House through Berger Junction and ended at the AGF office.

    ===========Edited

    Source Credit: NAN

  •   The Institute of Chartered Accountants of Nigeria ICAN on Thursday stressed the need to address hyperinflationary pressures brain drain and other macroeconomic challenges plaguing the country Mallam Tijjani Isa President of ICAN said this at a press conference to mark the annual International Accounting Day 2022 Isa said the advice had become imperative as economies around the world faced tough times He pointed out that global challenges have intensified with events such as the war between Russia and Ukraine climate change rising consumer prices contractions in Gross Domestic Product GDP trade wars political tensions among others others Isa said that at the country level various socioeconomic imbalances were hitting citizens hard with inflation at its highest level in 17 years amid declining purchasing power of citizens In order to successfully tackle the problems of inflation Nigeria needs to take both short term and long term measures he said The president of ICAN highlighted the need to revitalize the textile and agricultural sectors with modern technology and adequate prices to meet the country s textile and food demand and also for export purposes Addressing plans to redesign part of the country s currency Isa tasked the Central Bank of Nigeria CBN to consider the views of various stakeholders This he explained would ensure that critical issues such as the cost of designing and printing the new banknotes the timing of the policy the likely impact of the policy on inflation and exchange rates were successfully addressed He highlighted the need to find a permanent solution to the currency crisis so that the country develops at the desired pace On the brain drain he noted that while the phenomenon is not unique to Nigeria deliberate steps must be taken to stem the tide Unfortunately the quality of our certification makes our members more desirable for jobs off our shores The weak socioeconomic environment of our beloved nation has not made it any easier to persuade our local talent to stay Therefore we encourage the managers of our economy to create a conducive business and regulatory environment that arouses the interest of professionals to stay behind to build our nation he said According to him ICAN is doing its part in developing the entrepreneurial skills of its members However a favorable environment is required for professionals to unfold their full potential in job creation and generation he said LR Dr Adedeji Awobotu ICAN Council Member Mr Mukaila Lawal Deputy Secretary Corporate Services ICAN Mallam Tijjani Musa Isa President of ICAN Chief Davidson Alaribe 1st Deputy Vice President ICAN Ms Njum Nnennaya Uma Onyemenam ICAN Council Member and Dr Ijeoma Anaso Deputy Registrar Technical Services ICAN During a health walk to mark International Accounting Day celebrationAddressing the International Accounting Day event Isa emphasized the need for accountants to take regular walks and eat healthy to tackle some health challenges This he said would allow them to continue their unique roles in the national and global economy The profession has evolved since 1494 and accountants are globally recognized for the great work they do to make businesses prosper support the economy and help people navigate the complexities of the office Accountants are the conscience of society and with this unique responsibility we lead the entrenchment of responsible governance in the public and private sectors We defend an effective civil servant management system as well as the best practices in corporate governance we provide indispensable advisory functions to economic actors and invaluable information to guide investors In fact our expertise is critical to achieving a prosperous and secure planet he said He stressed the need for early adoption of the International Sustainability Reporting Standards to unlock the flow of capital into Nigeria for an effective transition to a sustainability based economy Isa noted that at the United Nations Climate Change Conference COP27 in Egypt the excess of confusion and credibility deficit over zero net assets of non state entities was discussed This he said was in tune with resolutions made at the 52nd Annual Conference of Accountants that public sector entities should include sustainability activities in their reporting as solutions to the human challenges of poverty official inclusion inequality and climate change He stated that the institute was positioned to ensure that the required competencies in this regard were developed Edited Source Credit NAN
    ICAN seeks solutions to rising inflation, brain drain
      The Institute of Chartered Accountants of Nigeria ICAN on Thursday stressed the need to address hyperinflationary pressures brain drain and other macroeconomic challenges plaguing the country Mallam Tijjani Isa President of ICAN said this at a press conference to mark the annual International Accounting Day 2022 Isa said the advice had become imperative as economies around the world faced tough times He pointed out that global challenges have intensified with events such as the war between Russia and Ukraine climate change rising consumer prices contractions in Gross Domestic Product GDP trade wars political tensions among others others Isa said that at the country level various socioeconomic imbalances were hitting citizens hard with inflation at its highest level in 17 years amid declining purchasing power of citizens In order to successfully tackle the problems of inflation Nigeria needs to take both short term and long term measures he said The president of ICAN highlighted the need to revitalize the textile and agricultural sectors with modern technology and adequate prices to meet the country s textile and food demand and also for export purposes Addressing plans to redesign part of the country s currency Isa tasked the Central Bank of Nigeria CBN to consider the views of various stakeholders This he explained would ensure that critical issues such as the cost of designing and printing the new banknotes the timing of the policy the likely impact of the policy on inflation and exchange rates were successfully addressed He highlighted the need to find a permanent solution to the currency crisis so that the country develops at the desired pace On the brain drain he noted that while the phenomenon is not unique to Nigeria deliberate steps must be taken to stem the tide Unfortunately the quality of our certification makes our members more desirable for jobs off our shores The weak socioeconomic environment of our beloved nation has not made it any easier to persuade our local talent to stay Therefore we encourage the managers of our economy to create a conducive business and regulatory environment that arouses the interest of professionals to stay behind to build our nation he said According to him ICAN is doing its part in developing the entrepreneurial skills of its members However a favorable environment is required for professionals to unfold their full potential in job creation and generation he said LR Dr Adedeji Awobotu ICAN Council Member Mr Mukaila Lawal Deputy Secretary Corporate Services ICAN Mallam Tijjani Musa Isa President of ICAN Chief Davidson Alaribe 1st Deputy Vice President ICAN Ms Njum Nnennaya Uma Onyemenam ICAN Council Member and Dr Ijeoma Anaso Deputy Registrar Technical Services ICAN During a health walk to mark International Accounting Day celebrationAddressing the International Accounting Day event Isa emphasized the need for accountants to take regular walks and eat healthy to tackle some health challenges This he said would allow them to continue their unique roles in the national and global economy The profession has evolved since 1494 and accountants are globally recognized for the great work they do to make businesses prosper support the economy and help people navigate the complexities of the office Accountants are the conscience of society and with this unique responsibility we lead the entrenchment of responsible governance in the public and private sectors We defend an effective civil servant management system as well as the best practices in corporate governance we provide indispensable advisory functions to economic actors and invaluable information to guide investors In fact our expertise is critical to achieving a prosperous and secure planet he said He stressed the need for early adoption of the International Sustainability Reporting Standards to unlock the flow of capital into Nigeria for an effective transition to a sustainability based economy Isa noted that at the United Nations Climate Change Conference COP27 in Egypt the excess of confusion and credibility deficit over zero net assets of non state entities was discussed This he said was in tune with resolutions made at the 52nd Annual Conference of Accountants that public sector entities should include sustainability activities in their reporting as solutions to the human challenges of poverty official inclusion inequality and climate change He stated that the institute was positioned to ensure that the required competencies in this regard were developed Edited Source Credit NAN
    ICAN seeks solutions to rising inflation, brain drain
    Economy3 weeks ago

    ICAN seeks solutions to rising inflation, brain drain

    The Institute of Chartered Accountants of Nigeria (ICAN) on Thursday stressed the need to address hyperinflationary pressures, brain drain and other macroeconomic challenges plaguing the country.

    Mallam Tijjani Isa, President of ICAN, said this at a press conference to mark the annual International Accounting Day 2022.

    Isa said the advice had become imperative as economies around the world faced tough times.

    He pointed out that global challenges have intensified with events such as the war between Russia and Ukraine, climate change, rising consumer prices, contractions in Gross Domestic Product (GDP), trade wars, political tensions, among others. others.

    Isa said that, at the country level, various socioeconomic imbalances were hitting citizens hard, with inflation at its highest level in 17 years amid declining purchasing power of citizens.

    “In order to successfully tackle the problems of inflation, Nigeria needs to take both short-term and long-term measures,” he said.

    The president of ICAN highlighted the need to revitalize the textile and agricultural sectors with modern technology and adequate prices to meet the country's textile and food demand, and also for export purposes.

    Addressing plans to redesign part of the country's currency, Isa tasked the Central Bank of Nigeria (CBN) to consider the views of various stakeholders.

    This, he explained, would ensure that critical issues such as the cost of designing and printing the new banknotes, the timing of the policy, the likely impact of the policy on inflation and exchange rates were successfully addressed.

    He highlighted the need to find a permanent solution to the currency crisis so that the country develops at the desired pace.

    On the brain drain, he noted that while the phenomenon is not unique to Nigeria, deliberate steps must be taken to stem the tide.

    “Unfortunately, the quality of our certification makes our members more desirable for jobs off our shores.

    “The weak socioeconomic environment of our beloved nation has not made it any easier to persuade our local talent to stay.

    “Therefore, we encourage the managers of our economy to create a conducive business and regulatory environment that arouses the interest of professionals to stay behind to build our nation,” he said.

    According to him, ICAN is doing its part in developing the entrepreneurial skills of its members.

    "However, a favorable environment is required for professionals to unfold their full potential in job creation and generation," he said.

    LR: Dr. Adedeji Awobotu, ICAN Council Member; Mr. Mukaila Lawal, Deputy Secretary, Corporate Services, ICAN; Mallam Tijjani Musa Isa, President of ICAN; Chief Davidson Alaribe, 1st Deputy Vice President, ICAN; Ms. Njum Nnennaya Uma-Onyemenam, ICAN Council Member and Dr. Ijeoma Anaso, Deputy Registrar, Technical Services, ICAN During a health walk to mark International Accounting Day celebration

    Addressing the International Accounting Day event, Isa emphasized the need for accountants to take regular walks and eat healthy to tackle some health challenges.

    This, he said, would allow them to continue their unique roles in the national and global economy.

    “The profession has evolved since 1494 and accountants are globally recognized for the great work they do to make businesses prosper, support the economy and help people navigate the complexities of the office.

    “Accountants are the conscience of society and with this unique responsibility, we lead the entrenchment of responsible governance in the public and private sectors.

    “We defend an effective civil servant management system, as well as the best practices in corporate governance, we provide indispensable advisory functions to economic actors and invaluable information to guide investors.

    "In fact, our expertise is critical to achieving a prosperous and secure planet," he said.

    He stressed the need for early adoption of the International Sustainability Reporting Standards to unlock the flow of capital into Nigeria for an effective transition to a sustainability-based economy.

    Isa noted that at the United Nations Climate Change Conference COP27 in Egypt, the excess of confusion and credibility deficit over zero net assets of non-state entities was discussed.

    This, he said, was in tune with resolutions made at the 52nd Annual Conference of Accountants that public sector entities should include sustainability activities in their reporting as solutions to the human challenges of poverty, official inclusion, inequality and climate change.

    He stated that the institute was positioned to ensure that the required competencies in this regard were developed.

    ============Edited

    Source Credit: NAN

  •  The Lagos State Commissioner for Finance Mr Rabiu Olowo has emerged 2022 Public Finance Administrator of the Year in the 2022 Leadership Excellence Awards In a nationwide online poll monitored by the News Agency of Nigeria Olowo was voted ahead of three other commissioners Olowo polled 65 234 votes to defeat Dapo Okubadejo of Ogun with 38 159 votes Fidelis Tilije of Delta with 21 698 votes and Daniel Agye of Nasarawa who polled 11 679 votes NAN reports that the prestigious award endorsed by the African Union and African Film Institute is organised by IgbereTV The award promotes outstanding leaders and personalities whose impacts have been felt in Nigeria s political social and economic spheres Olowo is the 22nd Commissioner for Finance in Lagos State managing the fiscal policy strategy of the 5th largest economy in Africa He is also a Chartered Accountant ICAN Chartered Management Accountant CIMA UK Chartered Tax Practitioner CITN Certified in International Financial Reporting Standards IFRS and International Public Sector Accounting Standards IPSAS ACCA with an MBA from the University of Lagos and MSC Accounting amp Finance from Robert Gordon University Aberdeen UK He is an alumni of Harvard Kennedy School of Government Olowo before being appointed as a commissioner worked for top local and multinational organizations across Industries NewsSourceCredit NAN
    Leadership Excellence Awards: Lagos Finance Commissioner emerges Administrator of the Year’
     The Lagos State Commissioner for Finance Mr Rabiu Olowo has emerged 2022 Public Finance Administrator of the Year in the 2022 Leadership Excellence Awards In a nationwide online poll monitored by the News Agency of Nigeria Olowo was voted ahead of three other commissioners Olowo polled 65 234 votes to defeat Dapo Okubadejo of Ogun with 38 159 votes Fidelis Tilije of Delta with 21 698 votes and Daniel Agye of Nasarawa who polled 11 679 votes NAN reports that the prestigious award endorsed by the African Union and African Film Institute is organised by IgbereTV The award promotes outstanding leaders and personalities whose impacts have been felt in Nigeria s political social and economic spheres Olowo is the 22nd Commissioner for Finance in Lagos State managing the fiscal policy strategy of the 5th largest economy in Africa He is also a Chartered Accountant ICAN Chartered Management Accountant CIMA UK Chartered Tax Practitioner CITN Certified in International Financial Reporting Standards IFRS and International Public Sector Accounting Standards IPSAS ACCA with an MBA from the University of Lagos and MSC Accounting amp Finance from Robert Gordon University Aberdeen UK He is an alumni of Harvard Kennedy School of Government Olowo before being appointed as a commissioner worked for top local and multinational organizations across Industries NewsSourceCredit NAN
    Leadership Excellence Awards: Lagos Finance Commissioner emerges Administrator of the Year’
    General news2 months ago

    Leadership Excellence Awards: Lagos Finance Commissioner emerges Administrator of the Year’

    The Lagos State Commissioner for Finance, Mr Rabiu Olowo, has emerged 2022 “Public Finance Administrator of the Year” in the 2022 Leadership Excellence Awards.

    In a nationwide online poll monitored by the News Agency of Nigeria , Olowo was voted ahead of three other commissioners.

    Olowo polled 65,234 votes to defeat Dapo Okubadejo of Ogun with 38,159 votes, Fidelis Tilije of Delta with 21,698 votes and Daniel Agye of Nasarawa who polled 11,679 votes.

    NAN reports that the prestigious award, endorsed by the African Union and African Film Institute is organised by IgbereTV.

    The award promotes outstanding leaders and personalities whose impacts have been felt in Nigeria’s political, social and economic spheres.

    Olowo is the 22nd Commissioner for Finance in Lagos State, managing the fiscal policy strategy of the 5th largest economy in Africa.

    He  is also a Chartered Accountant (ICAN), Chartered Management Accountant (CIMA, UK), Chartered Tax Practitioner (CITN), Certified in International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS).

    , (ACCA), with an MBA from the University of Lagos, and MSC Accounting & Finance from Robert Gordon University, Aberdeen, UK.

    He is an alumni of Harvard Kennedy School of Government.

    Olowo before being appointed as a commissioner worked for top local and multinational organizations across Industries.


    NewsSourceCredit: NAN

  •  President Institute of Chartered Accountants of Nigeria ICAN Mallam Tijjani Isa has described female accountants as the invaluable assets being used by the institute to achieve its mandate Isa said this while speaking at a presidential luncheon organised in his honour by Society of Women Accountants of Nigeria SWAN in Lagos on Sunday There is no denying the invaluable contributions of SWAN members to the achievement of the institute s mandate either through their participations as members of the governing council council committees or staffers of the institute Indeed your participations at the various levels of leadership of the institute have brought unique perspectives and diversity into our activities We are reaping the benefits of the vast pool of talents energy and commitment that women bring to the table in our different programmes he said According to him SWAN has positively impacted female chartered accountants and the accounting profession through its many laudable projects Isa noted that over four decades the institute had constantly supported female accountants and encouraged young girls in tertiary institutions to join accounting profession The ICAN president stated that the grooming of budding female accountants by the institute and provision of career direction and guidance were impressive and commendable He reassured the female accountants that the institute would continue to accord great respect and recognition to all of them Isa noted that the institute s history would remain incomplete without SWAN members adding that ICAN s future was optimistic because of them It is for the attainment of this bright future that we consciously ensure that we follow the principle of diversity and inclusion because we treasure the unique insight that women bring into decision making he said Isa who expressed delight to be at the luncheon organised in his honour thanked the SWAN national leadership led by the Chairperson Mrs Nwamara Nnaji for according him the honour In her address of welcome SWAN national chairperson congratulated the ICAN president noting that the luncheon had given female accountants sense of belonging to interact with their president Nnaji assured the ICAN president of SWAN s total commitment to the institute s cause and assistance in whatever way to ensure an impactful tenure Although she described most of the activities carried out by SWAN to project ICAN s image as tasking Nnaji however expressed optimism that Isa would play his part in ensuring that the association continued to swim and not drown Our dear 58th president is quiet humble easy going and yet a very understanding person He has listening ears and always willing to assist So he is indeed worthy to be celebrated As we look forward to the 52nd Annual Accountant Conference coming up in Abuja from Oct 10 to Oct 14 with the theme Nigeria Adopting Sustainability for Economic Reporting We are hopeful that our great institute ICAN will as usual bring out a well researched communique that will continue to assist in the development of the Nigerian economy she said In his lecture the Guest Speaker Dr Adebola Akindele stated that every industry had been impacted by evolution and technology stressing that accountants cannot afford to be left behind Human beings develop along with the developments around them while improved technology helps us as human beings Akindele said According to him accountants must embrace artificial intelligence and use it to their advantage so as to remain relevant in the present and future era amidst its disruptive features The don also urged accountants to mobilise themselves to rise to key position in governance in order to contribute to national development NewsSourceCredit NAN
    Female accountants our invaluable assets – ICAN President
     President Institute of Chartered Accountants of Nigeria ICAN Mallam Tijjani Isa has described female accountants as the invaluable assets being used by the institute to achieve its mandate Isa said this while speaking at a presidential luncheon organised in his honour by Society of Women Accountants of Nigeria SWAN in Lagos on Sunday There is no denying the invaluable contributions of SWAN members to the achievement of the institute s mandate either through their participations as members of the governing council council committees or staffers of the institute Indeed your participations at the various levels of leadership of the institute have brought unique perspectives and diversity into our activities We are reaping the benefits of the vast pool of talents energy and commitment that women bring to the table in our different programmes he said According to him SWAN has positively impacted female chartered accountants and the accounting profession through its many laudable projects Isa noted that over four decades the institute had constantly supported female accountants and encouraged young girls in tertiary institutions to join accounting profession The ICAN president stated that the grooming of budding female accountants by the institute and provision of career direction and guidance were impressive and commendable He reassured the female accountants that the institute would continue to accord great respect and recognition to all of them Isa noted that the institute s history would remain incomplete without SWAN members adding that ICAN s future was optimistic because of them It is for the attainment of this bright future that we consciously ensure that we follow the principle of diversity and inclusion because we treasure the unique insight that women bring into decision making he said Isa who expressed delight to be at the luncheon organised in his honour thanked the SWAN national leadership led by the Chairperson Mrs Nwamara Nnaji for according him the honour In her address of welcome SWAN national chairperson congratulated the ICAN president noting that the luncheon had given female accountants sense of belonging to interact with their president Nnaji assured the ICAN president of SWAN s total commitment to the institute s cause and assistance in whatever way to ensure an impactful tenure Although she described most of the activities carried out by SWAN to project ICAN s image as tasking Nnaji however expressed optimism that Isa would play his part in ensuring that the association continued to swim and not drown Our dear 58th president is quiet humble easy going and yet a very understanding person He has listening ears and always willing to assist So he is indeed worthy to be celebrated As we look forward to the 52nd Annual Accountant Conference coming up in Abuja from Oct 10 to Oct 14 with the theme Nigeria Adopting Sustainability for Economic Reporting We are hopeful that our great institute ICAN will as usual bring out a well researched communique that will continue to assist in the development of the Nigerian economy she said In his lecture the Guest Speaker Dr Adebola Akindele stated that every industry had been impacted by evolution and technology stressing that accountants cannot afford to be left behind Human beings develop along with the developments around them while improved technology helps us as human beings Akindele said According to him accountants must embrace artificial intelligence and use it to their advantage so as to remain relevant in the present and future era amidst its disruptive features The don also urged accountants to mobilise themselves to rise to key position in governance in order to contribute to national development NewsSourceCredit NAN
    Female accountants our invaluable assets – ICAN President
    Economy2 months ago

    Female accountants our invaluable assets – ICAN President

    President, Institute of Chartered Accountants of Nigeria (ICAN), Mallam Tijjani Isa, has described female accountants as the invaluable assets being used by the institute to achieve its mandate.  

    Isa said this while speaking at a presidential luncheon, organised in his honour by Society of Women Accountants of Nigeria (SWAN) in Lagos on Sunday.  

    “There is no denying the invaluable contributions of SWAN members to the achievement of the institute’s mandate, either through their participations as members of the governing council, council committees or staffers of the institute.  

    “Indeed, your participations at the various levels of leadership of the institute have brought unique perspectives and diversity into our activities.  

    “We are reaping the benefits of the vast pool of talents, energy and commitment that women bring to the table in our different programmes,” he said.

    According to him, SWAN has positively impacted female chartered accountants and the accounting profession through its many laudable projects.  

    Isa noted that over four decades, the institute had constantly supported female accountants and encouraged young girls in tertiary institutions to join accounting profession.  

    The ICAN president stated that the grooming of budding female accountants by the institute and provision of career direction and guidance were impressive and commendable.  

    He reassured the female accountants that the institute would continue to accord great respect and recognition to all of them.  

    Isa noted that the institute’s history would remain incomplete without SWAN members, adding that ICAN’s future was optimistic because of them.  

    “It is for the attainment of this bright future that we consciously ensure that we follow the principle of diversity and inclusion, because we treasure the unique insight that women bring into decision-making,” he said.  

    Isa, who expressed delight to be at the luncheon organised in his honour, thanked the SWAN national leadership, led by the Chairperson, Mrs Nwamara Nnaji, for according him the honour.  

    In her address of welcome, SWAN national chairperson congratulated the ICAN president, noting that the luncheon had given female accountants sense of belonging to interact with their president.  

    Nnaji assured the ICAN president of SWAN’s total commitment to the institute’s cause and assistance in whatever way to ensure an impactful tenure.  

    Although she described most of the activities carried out by SWAN to project ICAN’s image as tasking, Nnaji, however, expressed optimism that Isa would play his part in ensuring that the association continued to ‘swim’ and not ‘drown’.  

    “Our dear 58th president is quiet, humble, easy going and yet a very understanding person.

    He has listening ears and always willing to assist.

    So, he is indeed worthy to be celebrated.  

    “As we look forward to the 52nd Annual Accountant Conference, coming up in Abuja from Oct. 10 to Oct. 14, with the theme: “Nigeria: Adopting Sustainability for Economic Reporting.  

    “We are hopeful that our great institute, ICAN, will, as usual, bring out a well-researched communique that will continue to assist in the development of the Nigerian economy,” she said.  

    In his lecture, the Guest Speaker, Dr Adebola Akindele, stated that every industry had been impacted by evolution and technology, stressing that accountants cannot afford to be left behind.  

    “Human beings develop along with the developments around them, while improved technology helps us as human beings,” Akindele said.  

    According to him, accountants must embrace artificial intelligence and use it to their advantage so as to remain relevant in the present and future era, amidst its disruptive features.  

    The don also urged accountants to mobilise themselves to rise to key position in governance in order to contribute to national development.


    NewsSourceCredit: NAN

  •   eNaira and global digital currency revolution eNaira and global digital currency revolution By Kadiri Abdulrahman News Agency of Nigeria When the Central Bank of Nigeria CBN introduced its digital currency the eNaira in October 2021 the idea was to create an alternative to the fast growing cryptocurrencies being patronised by Nigerians According to European Central Bank e money broadly speaking is an electronic store of monetary value on a technical device that may be widely used for making payments to entities other than the e money issuer The bank said e money products can be hardware based or software based depending on the technology used to store the monetary value Central banks across the world including CBN have the mandate to control the circulation and supply of currencies However the phenomenal rise in acceptance of all forms of digital currencies poses a threat to that authority In recent years bitcoin and other cryptocurrencies have become attractive to young people globally mainly due to their high returns over a short period of investment However experts say cryptocurrencies are susceptible to certain financial vulnerabilities and abuse To counter this the CBN in February 2021 announced a ban on cryprocurrency transaction within the Nigerian banking system In their place the apex bank unveiled plans to float eNaira At the unveiling ceremony President Muhammadu Buhari said that the initiative would help increase remittances foster cross border trade improve financial inclusion make monetary policy more effective among others Mr Godwin Emefiele the CBN Governor in a recent media report assured that eNaira will open up a whole new market of digital currency users for financial institutions to increase their customer base and add value to their account owners The framework of eNaira is such that it entrenches many pipelines of collaboration and further strengthens financial institutions core service delivery By its very nature with regards to its mandates eNaira enhances the structures of these institutions instead of replacing same Emefiele said at a recent eNaira Hackathon event At the event a collaborative initiative between the CBN and the African Fintec Foundry AFF Emefiele announced that the digital currency had recorded 200 000 volumes and four billion Naira value of transactions since its inauguration The CBN governor also said that the eNaira had reached 840 000 downloads with about 270 000 active wallets comprising more than 252 000 consumer wallets and 17 000 merchant wallets I am pleased to inform you that Nigerians both banked and unbanked will be able to open an eNaira wallet and conduct transactions by simply dialling 997 from their phones he said on the ease of operating eNaira According to Mr kingsley Obiora Deputy Governor Economic Policy CBN Nigerians should embrace eNaira because of it is convenient to use Citing the case of South Korea he said In south Korea 77 per cent no longer use cash to do payment while in the Philippines it is 30 per cent In Nigeria we are also seeing the same decline in the use of cash the minting of currencies in the CBN has been reducing in the last couple of years An Economist Dr Tope Fasua and Chief Executive Officer of Global Analytics Consulting Limited described the idea of eNaira as a welcome development Fasua said that the idea of eNaira was commendable projecting that in the future digital currencies will be dominant other currencies However Brookings Institution in a report advised that electronic currencies should be approached with caution They could undermine the business models of conventional banks and their role in the financial system making it hard for central banks which operate largely through the banking system to maintain financial stability the organisation warns Similarly European Union in a report warns that widespread use of digital currencies would reduce the demand for central bank money and thus reduce the size of the balance sheets of central banks or profits of central banks will shrink but not disappear Against this background a financial analyst and Senior Lecturer at the Pan Atlantic University Dr Olalekan Aworinde said there was the need to further sensitise the public on the risks of electronic currencies I think that the CBN should be aware of the fact that there is the risk of cyber attacks with the introduction of the eNaira As a result the CBN needs to properly educate the masses on how to use the eNaira in a way that would not put their safety and the safety of their funds at risk he said This sentiment is shared by the past President of the Chartered Institute of Bankers of Nigeria CIBN Mr Okechukwu Unegbu who advised the CBN to involve relevant stakeholders to ensure that the financial sector is not negatively affected as a result of the introduction of the eNaira The eNaira is another form of cryptocurrency which the CBN has banned and it seems that the apex bank is trying to imitate what it banned There is the need to do a thorough research and robust stakeholder engagement with the CIBN ICAN and other relevant professional bodies and also create adequate sensitisation on the eNaira he said As the CBN continues to make efforts to popularise the eNaira among Nigerians adequate sensitisation is required to improve the acceptance level of the digital currency locally before it is internationalised Some experts suggested that government should show the way by using eNaira to for existing welfare programmes Others urged the government to shift social welfare programmes and NYSC payments to eNaira platforms to increase its acceptability among Nigerians NANFeatures If used please credit the author and News Agency of Nigeria NewsSourceCredit NAN
    eNaira and global digital currency revolution
      eNaira and global digital currency revolution eNaira and global digital currency revolution By Kadiri Abdulrahman News Agency of Nigeria When the Central Bank of Nigeria CBN introduced its digital currency the eNaira in October 2021 the idea was to create an alternative to the fast growing cryptocurrencies being patronised by Nigerians According to European Central Bank e money broadly speaking is an electronic store of monetary value on a technical device that may be widely used for making payments to entities other than the e money issuer The bank said e money products can be hardware based or software based depending on the technology used to store the monetary value Central banks across the world including CBN have the mandate to control the circulation and supply of currencies However the phenomenal rise in acceptance of all forms of digital currencies poses a threat to that authority In recent years bitcoin and other cryptocurrencies have become attractive to young people globally mainly due to their high returns over a short period of investment However experts say cryptocurrencies are susceptible to certain financial vulnerabilities and abuse To counter this the CBN in February 2021 announced a ban on cryprocurrency transaction within the Nigerian banking system In their place the apex bank unveiled plans to float eNaira At the unveiling ceremony President Muhammadu Buhari said that the initiative would help increase remittances foster cross border trade improve financial inclusion make monetary policy more effective among others Mr Godwin Emefiele the CBN Governor in a recent media report assured that eNaira will open up a whole new market of digital currency users for financial institutions to increase their customer base and add value to their account owners The framework of eNaira is such that it entrenches many pipelines of collaboration and further strengthens financial institutions core service delivery By its very nature with regards to its mandates eNaira enhances the structures of these institutions instead of replacing same Emefiele said at a recent eNaira Hackathon event At the event a collaborative initiative between the CBN and the African Fintec Foundry AFF Emefiele announced that the digital currency had recorded 200 000 volumes and four billion Naira value of transactions since its inauguration The CBN governor also said that the eNaira had reached 840 000 downloads with about 270 000 active wallets comprising more than 252 000 consumer wallets and 17 000 merchant wallets I am pleased to inform you that Nigerians both banked and unbanked will be able to open an eNaira wallet and conduct transactions by simply dialling 997 from their phones he said on the ease of operating eNaira According to Mr kingsley Obiora Deputy Governor Economic Policy CBN Nigerians should embrace eNaira because of it is convenient to use Citing the case of South Korea he said In south Korea 77 per cent no longer use cash to do payment while in the Philippines it is 30 per cent In Nigeria we are also seeing the same decline in the use of cash the minting of currencies in the CBN has been reducing in the last couple of years An Economist Dr Tope Fasua and Chief Executive Officer of Global Analytics Consulting Limited described the idea of eNaira as a welcome development Fasua said that the idea of eNaira was commendable projecting that in the future digital currencies will be dominant other currencies However Brookings Institution in a report advised that electronic currencies should be approached with caution They could undermine the business models of conventional banks and their role in the financial system making it hard for central banks which operate largely through the banking system to maintain financial stability the organisation warns Similarly European Union in a report warns that widespread use of digital currencies would reduce the demand for central bank money and thus reduce the size of the balance sheets of central banks or profits of central banks will shrink but not disappear Against this background a financial analyst and Senior Lecturer at the Pan Atlantic University Dr Olalekan Aworinde said there was the need to further sensitise the public on the risks of electronic currencies I think that the CBN should be aware of the fact that there is the risk of cyber attacks with the introduction of the eNaira As a result the CBN needs to properly educate the masses on how to use the eNaira in a way that would not put their safety and the safety of their funds at risk he said This sentiment is shared by the past President of the Chartered Institute of Bankers of Nigeria CIBN Mr Okechukwu Unegbu who advised the CBN to involve relevant stakeholders to ensure that the financial sector is not negatively affected as a result of the introduction of the eNaira The eNaira is another form of cryptocurrency which the CBN has banned and it seems that the apex bank is trying to imitate what it banned There is the need to do a thorough research and robust stakeholder engagement with the CIBN ICAN and other relevant professional bodies and also create adequate sensitisation on the eNaira he said As the CBN continues to make efforts to popularise the eNaira among Nigerians adequate sensitisation is required to improve the acceptance level of the digital currency locally before it is internationalised Some experts suggested that government should show the way by using eNaira to for existing welfare programmes Others urged the government to shift social welfare programmes and NYSC payments to eNaira platforms to increase its acceptability among Nigerians NANFeatures If used please credit the author and News Agency of Nigeria NewsSourceCredit NAN
    eNaira and global digital currency revolution
    Features3 months ago

    eNaira and global digital currency revolution

    eNaira and global digital currency revolution eNaira and global digital currency revolution By Kadiri Abdulrahman, News Agency of Nigeria When the Central Bank of Nigeria (CBN) introduced its digital currency, the eNaira in October 2021, the idea was to create an alternative to the fast growing cryptocurrencies being patronised by Nigerians.

    According to European Central Bank, e-money, broadly speaking, is an electronic store of monetary value on a technical device that may be widely used for making payments to entities other than the e-money issuer.

    The bank said e-money products can be hardware-based or software-based, depending on the technology used to store the monetary value.

    Central banks across the world, including CBN, have the mandate to control the circulation and supply of currencies.

    However, the phenomenal rise in acceptance of all forms of digital currencies poses a threat to that authority.

    In recent years, bitcoin and other cryptocurrencies have become attractive to young people globally mainly due to their high returns over a short period of investment.

    However, experts say cryptocurrencies are susceptible to certain financial vulnerabilities and abuse.

    To counter this, the CBN in February 2021 announced a ban on cryprocurrency transaction within the Nigerian banking system.

    In their place, the apex bank unveiled plans to float eNaira.

    At the unveiling ceremony President Muhammadu Buhari said that the initiative would help increase remittances, foster cross border trade, improve financial inclusion, make monetary policy more effective”, among others.

    Mr Godwin Emefiele, the CBN Governor, in a recent media report assured that eNaira will open up a whole new market of digital currency users for financial institutions to increase their customer base and add value to their account owners.

    “The framework of eNaira is such that it entrenches many pipelines of collaboration and further strengthens financial institutions core service delivery.

    “By its very nature with regards to its mandates, eNaira enhances the structures of these institutions instead of replacing same”, Emefiele said at a recent “eNaira Hackathon” event.  

    At the event, a collaborative initiative between the CBN and the African Fintec Foundry (AFF), Emefiele announced that the digital currency had recorded 200,000 volumes and four billion Naira value of transactions since its inauguration.

    The CBN governor also said that the eNaira had reached 840,000 downloads, with about 270,000 active wallets comprising more than 252,000 consumer wallets and 17,000 merchant wallets.

    “ I am pleased to inform you that Nigerians, both banked and unbanked, will be able to open an eNaira wallet and conduct transactions by simply dialling *997 from their phones,” he said on the ease of operating eNaira.

    According to Mr kingsley Obiora, Deputy Governor, Economic Policy, CBN, Nigerians should embrace eNaira because of it is convenient to use.

    Citing the case of South Korea, he said: “In south Korea, 77 per cent no longer use cash to do payment, while in the Philippines it is 30 per cent.

    “In Nigeria, we are also seeing the same decline in the use of cash, the minting of currencies in the CBN has been reducing in the last couple of years”.

    An Economist, Dr Tope Fasua, and Chief Executive Officer of Global Analytics Consulting Limited described the idea of eNaira as a welcome development.

    Fasua said that the idea of eNaira was commendable, projecting that in the future, digital currencies will be dominant other currencies.

    However, Brookings Institution in a report advised that electronic currencies should be approached with caution.

    “They could undermine the business models of conventional banks and their role in the financial system, making it hard for central banks—which operate largely through the banking system—to maintain financial stability”, the organisation warns.

    Similarly, European Union in a report warns that widespread use of digital currencies would reduce the demand for central bank money and thus reduce the size of the balance sheets of central banks or profits of central banks will shrink, but not disappear.

    Against this background, a financial analyst and Senior Lecturer at the Pan Atlantic University, Dr Olalekan Aworinde, said there was the need to further sensitise the public on the risks of electronic currencies.

    “I think that the CBN should be aware of the fact that there is the risk of cyber-attacks with the introduction of the eNaira.

    “As a result, the CBN needs to properly educate the masses on how to use the eNaira in a way that would not put their safety and the safety of their funds at risk,” he said.

    This sentiment is shared by the past President of the Chartered Institute of Bankers of Nigeria (CIBN) Mr Okechukwu Unegbu, who advised the CBN to involve relevant stakeholders to ensure that the financial sector is not negatively affected as a result of the introduction of the eNaira.

    The eNaira is another form of cryptocurrency which the CBN has banned, and it seems that the apex bank is trying to imitate what it banned.

    “There is the need to do a thorough research and robust stakeholder engagement, with the CIBN, ICAN, and other relevant professional bodies, and also create adequate sensitisation on the eNaira”, he said.

    As the CBN continues to make efforts to popularise the eNaira among Nigerians, adequate sensitisation is required to improve the acceptance level of the digital currency locally before it is internationalised.

    Some experts suggested that government should show the way by using eNaira to for existing welfare programmes.

    Others urged the government to shift social welfare programmes and NYSC payments to eNaira platforms to increase its acceptability among Nigerians.

    (NANFeatures) *****If used please credit the author and News Agency of Nigeria
    NewsSourceCredit: NAN

  •  Mr Chimezie Ogu the newly elected Second Chairman of the Institute of Chartered Accountants of Nigeria ICAN on Sunday pledged to build a robust financial base within one year in office Ogu who is also the Principal Partner of Chimezie George Ogu amp Co Chartered Accountants disclosed this in an interview with the News Agency of Nigeria NAN in Port Harcourt NAN reports that ICAN in Abuja on Saturday held the investiture and inauguration of its new executives of Gwagwalada and District Society for one year tenure in office The new chairman assured that his administration would surmount every challenges faced by the district apart from the general economic challenge According to Ogu ICAN Gwagwalada and District Society are young with peculiar challenges apart from the general economic challenge and assured that they will be surmounted We will ensure that the district gets it s permanent office address and also uphold the institutes Mandatory Continuing Professional Development MCPD as our priority We will embark on new membership drive and also build a foundation that will past the test of time We re going to sustain the integrity accountability and transparency of our great institute Ogu said He called on members to support the new executive members to achieve the mandate of the institute Ogu thanked the 58th ICAN President Malam Musa and all the council members for finding him worthy to serve the institute NewsSourceCredit NAN
    New ICAN Chairman pledges to build robust financial base
     Mr Chimezie Ogu the newly elected Second Chairman of the Institute of Chartered Accountants of Nigeria ICAN on Sunday pledged to build a robust financial base within one year in office Ogu who is also the Principal Partner of Chimezie George Ogu amp Co Chartered Accountants disclosed this in an interview with the News Agency of Nigeria NAN in Port Harcourt NAN reports that ICAN in Abuja on Saturday held the investiture and inauguration of its new executives of Gwagwalada and District Society for one year tenure in office The new chairman assured that his administration would surmount every challenges faced by the district apart from the general economic challenge According to Ogu ICAN Gwagwalada and District Society are young with peculiar challenges apart from the general economic challenge and assured that they will be surmounted We will ensure that the district gets it s permanent office address and also uphold the institutes Mandatory Continuing Professional Development MCPD as our priority We will embark on new membership drive and also build a foundation that will past the test of time We re going to sustain the integrity accountability and transparency of our great institute Ogu said He called on members to support the new executive members to achieve the mandate of the institute Ogu thanked the 58th ICAN President Malam Musa and all the council members for finding him worthy to serve the institute NewsSourceCredit NAN
    New ICAN Chairman pledges to build robust financial base
    Economy5 months ago

    New ICAN Chairman pledges to build robust financial base

    Mr Chimezie Ogu, the newly-elected Second Chairman of the Institute of Chartered Accountants of Nigeria (ICAN), on Sunday pledged to build a robust financial base within one year in office.Ogu who is also the Principal Partner of Chimezie George Ogu &Co Chartered Accountants, disclosed this in an interview with the News Agency of Nigeria NAN in Port Harcourt.NAN reports that ICAN in Abuja, on Saturday, held the investiture and inauguration of its new executives of Gwagwalada and  District Society for one year tenure in office.The new chairman assured that his administration would surmount every challenges faced by the district, apart from the general economic challenge.According to Ogu, ICAN Gwagwalada and District Society are  young, with peculiar challenges apart from the general economic challenge and assured that they will be surmounted.“We will ensure that the district gets it’s permanent office  address, and also uphold the institutes Mandatory Continuing Professional Development (MCPD) as our priority.“We will embark on new membership drive and also build a foundation that will past the test of time.“We’re going to sustain the integrity, accountability and  transparency of our great institute,” Ogu said.He called on members to support the new executive members to achieve the mandate of the institute.Ogu thanked the 58th ICAN President, Malam Musa and all the council members for finding him worthy to serve the institute.NewsSourceCredit: NAN

  •  The Institute of Chartered Accountants of Nigeria ICAN Nyanya Mararaba and District Society has inaugurated new executives to steer its affairs The eight member executive committee headed by its Second Chairman Micheal Adeagbo will be in office for one year Speaking during the investiture in Abuja Adeagbo said that the society would ensure it encouraged young students to build a career in accountancy for the economic growth of the country He noted that the district under his watch would be promoting integrity and accountability among its members I want to give God the glory for making today to be a reality this is a dream come true as on Nov 7 2020 this district was inaugurated Today as I become the second chairman of the district I have a lot of plans that we will be executing with the executive members for the 20222023 chairmanship year The first we have in mind is the catch them young programme we have so many young graduates who are around we will want to bring them on board Like our motto says accuracy and integrity my word of advice to my professional colleagues is to uphold the tenet of the profession and we are going to be preaching that We will make sure that at our district meetings we will bring people on board that will be speaking with us on the importance of upholding our ethics he said Malam Tijjani Musa 58th ICAN President urged the the new executives to work in unity and for the progress of the district and the institute in general Musa who was represented by Hajia Queensley Seghosime the Governing Council member of the Institute also advised accountants in the country to be accountable and work within the ethics of their profession My advice is that they continue in the way of the old executives they should work together to move the district and institute forward Our motto is integrity and accuracy and I want to plead with them to continue to stand by that motto They should not in any way compromise the work that they do as ICAN members they should not get involved in things that are unbecoming of a chartered accountant he said Also speaking Dr Philip Salawu Former Deputy Governor of the institute in Kogi and the chairman of the occasion called on accountants in the country to work with a sense of probity and honesty My advice to them as chartered accountant is that they should know that they are the custodian of liquid assets in any organisation both private and public So they have to possess a high level of integrity and responsibility so these assets are well managed he said Also Mr Peter Alemoh the Immediate past chairman of the district called on the government to review some policies that would encourage those in the accounting profession Before now a chartered accountant starts from Salary Grade Level 10 in the public service but now they are made to start with Salary Grade Level 8 which is not encouraging for those who have studied to get their qualification I believe that the government will look at that policy and revert to status quo he said NewsSourceCredit NAN
    ICAN inaugurates new executives
     The Institute of Chartered Accountants of Nigeria ICAN Nyanya Mararaba and District Society has inaugurated new executives to steer its affairs The eight member executive committee headed by its Second Chairman Micheal Adeagbo will be in office for one year Speaking during the investiture in Abuja Adeagbo said that the society would ensure it encouraged young students to build a career in accountancy for the economic growth of the country He noted that the district under his watch would be promoting integrity and accountability among its members I want to give God the glory for making today to be a reality this is a dream come true as on Nov 7 2020 this district was inaugurated Today as I become the second chairman of the district I have a lot of plans that we will be executing with the executive members for the 20222023 chairmanship year The first we have in mind is the catch them young programme we have so many young graduates who are around we will want to bring them on board Like our motto says accuracy and integrity my word of advice to my professional colleagues is to uphold the tenet of the profession and we are going to be preaching that We will make sure that at our district meetings we will bring people on board that will be speaking with us on the importance of upholding our ethics he said Malam Tijjani Musa 58th ICAN President urged the the new executives to work in unity and for the progress of the district and the institute in general Musa who was represented by Hajia Queensley Seghosime the Governing Council member of the Institute also advised accountants in the country to be accountable and work within the ethics of their profession My advice is that they continue in the way of the old executives they should work together to move the district and institute forward Our motto is integrity and accuracy and I want to plead with them to continue to stand by that motto They should not in any way compromise the work that they do as ICAN members they should not get involved in things that are unbecoming of a chartered accountant he said Also speaking Dr Philip Salawu Former Deputy Governor of the institute in Kogi and the chairman of the occasion called on accountants in the country to work with a sense of probity and honesty My advice to them as chartered accountant is that they should know that they are the custodian of liquid assets in any organisation both private and public So they have to possess a high level of integrity and responsibility so these assets are well managed he said Also Mr Peter Alemoh the Immediate past chairman of the district called on the government to review some policies that would encourage those in the accounting profession Before now a chartered accountant starts from Salary Grade Level 10 in the public service but now they are made to start with Salary Grade Level 8 which is not encouraging for those who have studied to get their qualification I believe that the government will look at that policy and revert to status quo he said NewsSourceCredit NAN
    ICAN inaugurates new executives
    General news5 months ago

    ICAN inaugurates new executives

    The Institute of Chartered Accountants of Nigeria (ICAN) Nyanya-Mararaba and District Society has inaugurated new executives to steer its affairs.

    The eight-member executive committee, headed by its Second Chairman Micheal Adeagbo will be in office for one year.

    Speaking during the investiture in Abuja, Adeagbo said that the society would ensure it encouraged young students to build a career in accountancy for the economic growth of the country.

    He noted that the district under his watch would be promoting integrity and accountability among its members.

    “I want to give God the glory for making today to be a reality, this is a dream come true as on Nov. 7 2020, this district was inaugurated.

    “Today as I become the second chairman of the district, I have a lot of plans that we will be executing with the executive members for the 20222023 chairmanship year.

    “The first we have in mind is the catch-them-young programme, we have so many young graduates who are around, we will want to bring them on board.

    “Like our motto says accuracy and integrity, my word of advice to my professional colleagues is to uphold the tenet of the profession and we are going to be preaching that.

    “We will make sure that at our district meetings, we will bring people on board that will be speaking with us on the importance of upholding our ethics,” he said.

    Malam Tijjani Musa, 58th ICAN President, urged the the new executives to work in unity and for the progress of the district and the institute in general.

    Musa, who was represented by Hajia Queensley Seghosime, the Governing Council member of the Institute, also advised accountants in the country to be accountable and work within the ethics of their profession.

    “My advice is that they continue in the way of the old executives, they should work together to move the district and institute forward.

    “Our motto is integrity and accuracy and I want to plead with them to continue to stand by that motto.

    “They should not in any way compromise the work that they do as ICAN members, they should not get involved in things that are unbecoming of a chartered accountant,” he said.

    Also speaking, Dr Philip Salawu, Former Deputy Governor of the institute in Kogi and the chairman of the occasion, called on accountants in the country to work with a sense of probity and honesty.

    “My advice to them as chartered accountant is that they should know that they are the custodian of liquid assets in any organisation, both private and public.

    “So they have to possess a high level of integrity and responsibility so these assets are well managed,” he said.

    Also, Mr Peter Alemoh, the Immediate past chairman of the district, called on the government to review some policies that would encourage those in the accounting profession.

    “Before now, a chartered accountant starts from Salary Grade Level 10 in the public service, but now, they are made to start with Salary Grade Level 8 which is not encouraging for those who have studied to get their qualification.

    “I believe that the government will look at that policy and revert to status quo,” he said.

    NewsSourceCredit: NAN

  •  The Institute of Chartered Accountants of Nigeria ICAN Ojo Badagry and Agbara OBA District Society has highlighted the relevance of the Accounting Technician Scheme of West Africa ATSWA to young schools leavers Mr Taiwo Folaranmi Chairman of the district society said at the 2022 Catch Them Young programme in Lagos on Saturday that the event was part of activities following his recent inauguration as the fourth chairman of the district According to him more than 350 students of vocational studies of the Lagos State University of Education LASUED and SS3 students of the LASUED International School were participants at the programme He noted that the programme was organised to introduce ATSWA to the school leavers as well as guide them on existing career alternatives that could assist them attain their life goals The institute s chairman expressed worry that about 80 per cent of school leavers churned out into the society ended up not achieving their educational target Folaranmi said that was majorly due to students inability to pass the Unified Tertiary Matriculation Examination UTME by the Joint Admissions and Matriculation Board JAMB as well as incomplete Senior School Certificate Examination SSCE result He explained that sometimes wrong choices of course of study or lack of professional qualification that would raise them above poverty level were also contributory factors Our society expects that by the fifth or sixth years after graduation from secondary school students should have been graduates of chosen professions but these has not been so ICAN in 1989 taught it wise to reduce the number of students waiting at home to gain admission through JAMB by creating a programme called ATSWA The purpose is to ensure that all social science business administration and even other science students wishing to broaden their knowledge in accountancy and auditing may enroll and be given direct admission after completion Our expectation is to help students to be able to change their choices of careers escape all challenges by combining ICAN for better opportunities he said According to him graduates of ATSWA programme are awarded membership certificate by ICAN known as AAT certificate and can move to the professional ICAN examination to qualify as global chartered accountants Folaranmi noted that ATSWA programme was affordable and could be run alongside a National Certificate in Education NCE or degree programme He said With AAT certificate you will gain admission into universities in Nigeria and West Africa countries get direct admission for HND programmes in Polytechnics and get good job as an accounting officer or audit assistant among others Mrs Ekundayo Adedoyin Counselor Lagos State Ministry of Education District Five told the students that ICAN as one of the professional bodies cares about them especially through its Catch Them Young programme in conjunction with the Ministry of Education Ekundayo commended Folaranmi who had been the Chairman of the Catch Them Young Programme in the district before his emergence as the district s chairman for his immense contributions Other speakers at the event include Mr Ismail Bello the district Vice Chairman and Fellow ICAN Acting Vice Chancellor LASUED Prof Bidemi Lafiaji Okuneye represented by Dr Samuel Egbetokun among others NewsSourceCredit NAN
    ICAN highlights importance of ATSWA to young school leavers 
     The Institute of Chartered Accountants of Nigeria ICAN Ojo Badagry and Agbara OBA District Society has highlighted the relevance of the Accounting Technician Scheme of West Africa ATSWA to young schools leavers Mr Taiwo Folaranmi Chairman of the district society said at the 2022 Catch Them Young programme in Lagos on Saturday that the event was part of activities following his recent inauguration as the fourth chairman of the district According to him more than 350 students of vocational studies of the Lagos State University of Education LASUED and SS3 students of the LASUED International School were participants at the programme He noted that the programme was organised to introduce ATSWA to the school leavers as well as guide them on existing career alternatives that could assist them attain their life goals The institute s chairman expressed worry that about 80 per cent of school leavers churned out into the society ended up not achieving their educational target Folaranmi said that was majorly due to students inability to pass the Unified Tertiary Matriculation Examination UTME by the Joint Admissions and Matriculation Board JAMB as well as incomplete Senior School Certificate Examination SSCE result He explained that sometimes wrong choices of course of study or lack of professional qualification that would raise them above poverty level were also contributory factors Our society expects that by the fifth or sixth years after graduation from secondary school students should have been graduates of chosen professions but these has not been so ICAN in 1989 taught it wise to reduce the number of students waiting at home to gain admission through JAMB by creating a programme called ATSWA The purpose is to ensure that all social science business administration and even other science students wishing to broaden their knowledge in accountancy and auditing may enroll and be given direct admission after completion Our expectation is to help students to be able to change their choices of careers escape all challenges by combining ICAN for better opportunities he said According to him graduates of ATSWA programme are awarded membership certificate by ICAN known as AAT certificate and can move to the professional ICAN examination to qualify as global chartered accountants Folaranmi noted that ATSWA programme was affordable and could be run alongside a National Certificate in Education NCE or degree programme He said With AAT certificate you will gain admission into universities in Nigeria and West Africa countries get direct admission for HND programmes in Polytechnics and get good job as an accounting officer or audit assistant among others Mrs Ekundayo Adedoyin Counselor Lagos State Ministry of Education District Five told the students that ICAN as one of the professional bodies cares about them especially through its Catch Them Young programme in conjunction with the Ministry of Education Ekundayo commended Folaranmi who had been the Chairman of the Catch Them Young Programme in the district before his emergence as the district s chairman for his immense contributions Other speakers at the event include Mr Ismail Bello the district Vice Chairman and Fellow ICAN Acting Vice Chancellor LASUED Prof Bidemi Lafiaji Okuneye represented by Dr Samuel Egbetokun among others NewsSourceCredit NAN
    ICAN highlights importance of ATSWA to young school leavers 
    Economy5 months ago

    ICAN highlights importance of ATSWA to young school leavers 

    The Institute of Chartered Accountants of Nigeria (ICAN) Ojo, Badagry and Agbara (OBA) District Society has highlighted the relevance of the Accounting Technician Scheme of West Africa (ATSWA) to young schools leavers.Mr Taiwo Folaranmi, Chairman of the district society, said  at the ‘2022 Catch Them Young’ programme in Lagos on Saturday, that the event was part of activities following his recent inauguration as the fourth chairman of the district.According to him, more than 350 students of vocational studies of the Lagos State University of Education (LASUED) and SS3 students of the LASUED International School were participants at the programme.He noted that the programme was organised to introduce ATSWA to the school leavers, as well as guide them on existing career alternatives, that could assist them attain their life goals.The institute’s chairman expressed worry that about 80 per cent of school leavers churned out into the society, ended up not achieving their educational target.Folaranmi said that was majorly due to students’ inability to pass the Unified Tertiary Matriculation Examination (UTME) by the Joint Admissions and Matriculation Board (JAMB) as well as  incomplete Senior School Certificate Examination (SSCE) result.He explained that sometimes, wrong choices of course of study or lack of professional qualification that would raise them above poverty level, were also contributory factors.“Our society expects that by the fifth or sixth years after graduation from secondary school, students should have been graduates of chosen professions, but these has not been so.“ICAN in 1989 taught it wise to reduce the number of students waiting at home to gain admission through JAMB by creating a programme called ATSWA.“The purpose is to ensure that all social science,  business administration and even other science students, wishing to broaden their knowledge in accountancy and auditing may enroll and be given direct admission after completion.“Our expectation is to help students to be able to change their choices of careers, escape all challenges by combining ICAN for better opportunities,” he said.According to him, graduates of ATSWA programme are awarded membership certificate by ICAN known as AAT certificate and can move to the professional ICAN examination to qualify as global chartered accountants.Folaranmi noted that ATSWA programme was affordable and could be run alongside a National Certificate in Education (NCE) or degree programme.He said: “With AAT certificate, you will gain admission into universities in Nigeria and West Africa countries, get direct admission for HND programmes in Polytechnics and get good job as an accounting officer or audit assistant, among others.Mrs Ekundayo Adedoyin, Counselor, Lagos State Ministry of Education, District Five, told the students that ICAN as one of the professional bodies cares about them, especially through its Catch Them Young programme, in conjunction with the Ministry of Education.Ekundayo commended Folaranmi who had been the Chairman of the Catch Them Young Programme in the district, before his emergence as the district’s chairman, for his immense contributions.Other speakers at the event include; Mr Ismail Bello, the district Vice Chairman and Fellow, ICAN, Acting Vice Chancellor, LASUED, Prof. Bidemi Lafiaji-Okuneye,  represented by Dr Samuel Egbetokun, among others.

    NewsSourceCredit: NAN

  •  The Institute of Chartered Accountants of Nigeria ICAN Ojo Badagry Agbara OBA District Society has inaugurated Mr Taiwo Folaranmi as the fourth District Chairman Folaranmi was inaugurated at an investiture organised by the district on Saturday in Lagos The News Agency of Nigeria reports that the new executive committee are expected to pilot the affairs of the institute in another one year Speaking at the investiture ICAN President Malam Tijjani Isa charged Folaranmi and his team to use the opportunity and make the institute the preferred professional accounting organisation Isa represented by Mr Deji Awobotu Council member ICAN said that leading an ICAN district society was a privilege and sacrifice It is a privilege as it affords members of the executive the opportunity to positively impact the accounting profession not only at the district level but at the national The new role the incoming chairman and the members of executive are assuming is a sacrifice as leadership of district societies of ICAN is purely a voluntary service that requires great commitment and selflessness he said Isa commended the outgone leadership of OBA District Society led by the immediate past Chairman Mr Frederick Ughulu for sustaining a phenomenal profile promoting accuracy and integrity and setting a notable precedence for subsequent leadership He encouraged the new executive committee to develop strategies that would sustain the district admirable position in the institute Isa said the new executive committee must contribute their quota as accountants in the recovery process of the economy for sustained growth and development The ICAN president noted that the efforts of ICAN District societies in advancing accuracy and integrity would positively impact the economy as a whole ICAN has 70 district societies in the 36 states of the federation including the Federal Capital Territory and five international districts in the UK USA Canada Malaysia and Cameroon One of the major responsibilities district societies are saddled with is advocating and enhancing accountability and transparency in their various jurisdictions They also mentor prospective Chartered Accountants accordingly in their jurisdictions via instrumentality of the catch them young programmes They are also reputable for embarking on various forms of Corporate Social Responsibility and capacity building he said He congratulated the new executive committee on their assumption of office and charged members of the district to give the needed support In his acceptance speech the ICAN OBA District Society Chairman Folaranmi lauded the past chairmen of the district for their professionalism in building a viable district He said that the cardinal programme and project of the new executives would centre on welfare training and collaboration with local and international professional bodies We will organise seminars for major markets within the district in partnership with banks to facilitate and secure loans for business expansion which in turn will provide job opportunities for our members We have ongoing discussion with London Centre for Training and Development LCTD Institute of Corporate and Public Sector Professionals ICPSP Chartered Institute of Personnel Management CIPM and Institute of Financial Accountant IFA United Kingdom And also the Nigeria Labour Congress NLC Lagos Council Lagos State Ministry of Education Student Affairs Department of ICAN to facilitate trainings developmental projects networking and value adding engagements he said Folaran called on members to support the new administration assuring them that they would place the interest of the district above individual or personal interest In her remark Mrs Agnes Sessi Chairman NLC Lagos Chapter described Folaranmi as a goal getter and an exceptional team player with reliable network Sessi said that the tenure of Folaranmi would bring remarkable progress and development to ICAN OBA district He is an experienced and professional leader per excellence she said She charged the new executive committee to expand their scope by seeking collaboration at both state national and global levels and harness opportunities therein to train and improve the capacity of their members We expect you to also mentor as many children as possible both at the secondary and foundation level to understand the career path of being a professional Chartered Accountant she said According to Sessi the NLC will provide support and collaboration to the district in various capacities that will lead to a symbiotic benefit NewsSourceCredit NAN
    ICAN unveils Folaranmi as new district chairman
     The Institute of Chartered Accountants of Nigeria ICAN Ojo Badagry Agbara OBA District Society has inaugurated Mr Taiwo Folaranmi as the fourth District Chairman Folaranmi was inaugurated at an investiture organised by the district on Saturday in Lagos The News Agency of Nigeria reports that the new executive committee are expected to pilot the affairs of the institute in another one year Speaking at the investiture ICAN President Malam Tijjani Isa charged Folaranmi and his team to use the opportunity and make the institute the preferred professional accounting organisation Isa represented by Mr Deji Awobotu Council member ICAN said that leading an ICAN district society was a privilege and sacrifice It is a privilege as it affords members of the executive the opportunity to positively impact the accounting profession not only at the district level but at the national The new role the incoming chairman and the members of executive are assuming is a sacrifice as leadership of district societies of ICAN is purely a voluntary service that requires great commitment and selflessness he said Isa commended the outgone leadership of OBA District Society led by the immediate past Chairman Mr Frederick Ughulu for sustaining a phenomenal profile promoting accuracy and integrity and setting a notable precedence for subsequent leadership He encouraged the new executive committee to develop strategies that would sustain the district admirable position in the institute Isa said the new executive committee must contribute their quota as accountants in the recovery process of the economy for sustained growth and development The ICAN president noted that the efforts of ICAN District societies in advancing accuracy and integrity would positively impact the economy as a whole ICAN has 70 district societies in the 36 states of the federation including the Federal Capital Territory and five international districts in the UK USA Canada Malaysia and Cameroon One of the major responsibilities district societies are saddled with is advocating and enhancing accountability and transparency in their various jurisdictions They also mentor prospective Chartered Accountants accordingly in their jurisdictions via instrumentality of the catch them young programmes They are also reputable for embarking on various forms of Corporate Social Responsibility and capacity building he said He congratulated the new executive committee on their assumption of office and charged members of the district to give the needed support In his acceptance speech the ICAN OBA District Society Chairman Folaranmi lauded the past chairmen of the district for their professionalism in building a viable district He said that the cardinal programme and project of the new executives would centre on welfare training and collaboration with local and international professional bodies We will organise seminars for major markets within the district in partnership with banks to facilitate and secure loans for business expansion which in turn will provide job opportunities for our members We have ongoing discussion with London Centre for Training and Development LCTD Institute of Corporate and Public Sector Professionals ICPSP Chartered Institute of Personnel Management CIPM and Institute of Financial Accountant IFA United Kingdom And also the Nigeria Labour Congress NLC Lagos Council Lagos State Ministry of Education Student Affairs Department of ICAN to facilitate trainings developmental projects networking and value adding engagements he said Folaran called on members to support the new administration assuring them that they would place the interest of the district above individual or personal interest In her remark Mrs Agnes Sessi Chairman NLC Lagos Chapter described Folaranmi as a goal getter and an exceptional team player with reliable network Sessi said that the tenure of Folaranmi would bring remarkable progress and development to ICAN OBA district He is an experienced and professional leader per excellence she said She charged the new executive committee to expand their scope by seeking collaboration at both state national and global levels and harness opportunities therein to train and improve the capacity of their members We expect you to also mentor as many children as possible both at the secondary and foundation level to understand the career path of being a professional Chartered Accountant she said According to Sessi the NLC will provide support and collaboration to the district in various capacities that will lead to a symbiotic benefit NewsSourceCredit NAN
    ICAN unveils Folaranmi as new district chairman
    Economy5 months ago

    ICAN unveils Folaranmi as new district chairman

    The Institute of Chartered Accountants of Nigeria (ICAN) Ojo, Badagry, Agbara (OBA) District Society, has inaugurated Mr Taiwo Folaranmi, as the fourth District Chairman.Folaranmi was inaugurated at an investiture organised by the district on Saturday in Lagos.The News Agency of Nigeria reports that the new executive committee are expected to pilot the affairs of the institute in another one year.Speaking at the investiture, ICAN President, Malam Tijjani Isa, charged Folaranmi and his team to use the opportunity and make the institute the preferred professional accounting organisation.Isa represented by Mr Deji Awobotu, Council member, ICAN, said that leading an ICAN district society was a privilege and sacrifice.“It is a privilege as it affords members of the executive the opportunity to positively impact the accounting profession, not only at the district level but at the national.“The new role the incoming chairman and the members of executive are assuming is a sacrifice, as leadership of district societies of ICAN, is purely a voluntary service that requires great commitment and selflessness,” he said .Isa commended the outgone leadership of OBA District Society led by the immediate past Chairman, Mr Frederick  Ughulu, for sustaining a phenomenal profile, promoting accuracy and integrity and setting a notable precedence for subsequent leadership.He encouraged the new executive committee to develop strategies that would sustain the district admirable position in the institute.Isa said the new executive committee must contribute their quota as accountants in the recovery process of the economy for sustained growth and development.The ICAN president noted that the efforts of ICAN District societies in advancing  accuracy and integrity would positively impact the economy as a whole.“ICAN has 70 district societies in the 36 states of the federation including the Federal Capital Territory and five international districts in the UK, USA, Canada, Malaysia and Cameroon.“One of the major responsibilities district societies are saddled with is advocating  and enhancing accountability and transparency in their various jurisdictions.“They also mentor prospective Chartered Accountants accordingly in their jurisdictions via instrumentality of the catch-them-young programmes.“They are also reputable for embarking on various forms of Corporate Social Responsibility  and capacity building,” he said.He congratulated the new executive committee on their assumption of office and charged members of the district to give the needed support.In his acceptance speech, the ICAN-OBA District Society Chairman, Folaranmi lauded the past chairmen of the district for their professionalism in building a viable district.He said that the cardinal programme and project of the new executives would centre on welfare, training and collaboration with local and international professional bodies.“We will organise seminars for major markets within the district in partnership with banks to facilitate and secure loans for business expansion, which in turn will provide job opportunities for our members.“We have ongoing discussion with London Centre for Training and Development (LCTD), Institute of Corporate and Public Sector Professionals(ICPSP), Chartered Institute of Personnel Management (CIPM) and Institute of Financial Accountant (IFA), United Kingdom.“And also, the Nigeria Labour Congress (NLC) Lagos Council, Lagos State Ministry of Education, Student Affairs’ Department of ICAN to facilitate trainings, developmental projects, networking and value adding engagements,” he said .Folaran called on members to support the new administration assuring them that they would place the interest of the district above individual or personal interest.In her remark, Mrs Agnes Sessi, Chairman, NLC Lagos Chapter,  described Folaranmi as a goal getter and an exceptional team player with reliable network.Sessi said that the tenure of Folaranmi would bring remarkable progress and development to ICAN-OBA district.“He is an experienced and professional leader per excellence,” she said.She charged the new executive committee to expand their scope by seeking collaboration at both state, national and global levels and harness opportunities therein to train and improve the capacity of their members.“We expect you to also mentor as many children as possible both at the secondary and foundation level to understand the career path of being a professional Chartered Accountant,” she said.According to Sessi, the NLC will provide support and collaboration to the district in various capacities that will lead to a symbiotic benefit.

    NewsSourceCredit: NAN

  •  The Society of Women Accountants of Nigeria SWAN on Wednesday equipped the library of Eva Adelaja Girls Secondary School Bariga in Lagos with accounting and literature textbooks among other materials SWAN National Chairperson Mrs Catherine Nwamara said during her address at the school that the project was conceived by the society to encourage young and aspiring students to embrace the habit of reading Nwamara said that a well equiped library offers an excellent academic environment for students to concentrate and reach out to explore different subjects in a one stop peaceful surrounding She noted that libraries offers good research background for an aspiring student to learn think create share and grow with no worries on affordability SWAN believes in knowledge research exploring learning and improvement The society believes in studying wide and in depth because without knowledge as a student and even as a professional you cannot fulfill your potentials That is why equipping libraries with books is one of our aims she said According to her the society in pursuit of its encouragement and empowerment drives for the girl child believes that a child needs good and sound educational books and materials The chairperson said that would assist in widening the knowledge of the female students if they were focused and serious with their studies Nwamara advised the female students to take the advantage offered to them by SWAN by making use of the library optimally to improve them academically socially intellectually and emotionally She said that quality reading makes students more knowledgeable and smarter gives them a global knowledge on people places culture events and equips them for better social interaction and development of empathy According to her constancy in reading helps to assimilate words and information both written and speaking and improves calculation She charged the girls to consider studying accounting profession to empower them mentally socially academically and financially You can only achieve this if you read wide and aim high We look forward to welcoming some of you in the near future into the Institute of Chartered Accountants of Nigeria ICAN as we applaud the untiring efforts of your dear principal and teachers she said In her welcome address Mrs Ronke Akeredolu Chairman SWAN Equipping School Libraries Commitee said that the project initiated by the chairperson since 2021 was geared towards empowering and inspiring the girl child Akeredolu said the donation done on quarterly basis to selected schools was aimed at promoting and improving the reading culture of secondary school students She noted that the project hopes to enlighten students about SWAN ICAN and the accounting profession and promised that the committee would endeavour to sustain the project In her response the Principal Eva Adelaja Girls Secondary School Bariga Mrs O E Soyoye lauded SWAN for selecting the school as a beneficiary of its project Soyoye said that the initiative was thoughtful and timely as it will help to promote reading culture amongst the students She urged the society not to relent in its efforts at supporting the school and female students in every other capacity that they can The principal charged the students to take advantage of the books provided by SWAN by reading them SWAN comprises of female members of ICAN and assist the institute to attend to the soft issues and non core areas regarding the development of women and children especially the girl child The society in its 44 years of existence has recruited several young women into the accountancy profession empowered young women with requisite skills for financial independence It also awarded scholarships to several indigent students across the country among other contributions Source NAN
    Women Accountants equips Lagos school library
     The Society of Women Accountants of Nigeria SWAN on Wednesday equipped the library of Eva Adelaja Girls Secondary School Bariga in Lagos with accounting and literature textbooks among other materials SWAN National Chairperson Mrs Catherine Nwamara said during her address at the school that the project was conceived by the society to encourage young and aspiring students to embrace the habit of reading Nwamara said that a well equiped library offers an excellent academic environment for students to concentrate and reach out to explore different subjects in a one stop peaceful surrounding She noted that libraries offers good research background for an aspiring student to learn think create share and grow with no worries on affordability SWAN believes in knowledge research exploring learning and improvement The society believes in studying wide and in depth because without knowledge as a student and even as a professional you cannot fulfill your potentials That is why equipping libraries with books is one of our aims she said According to her the society in pursuit of its encouragement and empowerment drives for the girl child believes that a child needs good and sound educational books and materials The chairperson said that would assist in widening the knowledge of the female students if they were focused and serious with their studies Nwamara advised the female students to take the advantage offered to them by SWAN by making use of the library optimally to improve them academically socially intellectually and emotionally She said that quality reading makes students more knowledgeable and smarter gives them a global knowledge on people places culture events and equips them for better social interaction and development of empathy According to her constancy in reading helps to assimilate words and information both written and speaking and improves calculation She charged the girls to consider studying accounting profession to empower them mentally socially academically and financially You can only achieve this if you read wide and aim high We look forward to welcoming some of you in the near future into the Institute of Chartered Accountants of Nigeria ICAN as we applaud the untiring efforts of your dear principal and teachers she said In her welcome address Mrs Ronke Akeredolu Chairman SWAN Equipping School Libraries Commitee said that the project initiated by the chairperson since 2021 was geared towards empowering and inspiring the girl child Akeredolu said the donation done on quarterly basis to selected schools was aimed at promoting and improving the reading culture of secondary school students She noted that the project hopes to enlighten students about SWAN ICAN and the accounting profession and promised that the committee would endeavour to sustain the project In her response the Principal Eva Adelaja Girls Secondary School Bariga Mrs O E Soyoye lauded SWAN for selecting the school as a beneficiary of its project Soyoye said that the initiative was thoughtful and timely as it will help to promote reading culture amongst the students She urged the society not to relent in its efforts at supporting the school and female students in every other capacity that they can The principal charged the students to take advantage of the books provided by SWAN by reading them SWAN comprises of female members of ICAN and assist the institute to attend to the soft issues and non core areas regarding the development of women and children especially the girl child The society in its 44 years of existence has recruited several young women into the accountancy profession empowered young women with requisite skills for financial independence It also awarded scholarships to several indigent students across the country among other contributions Source NAN
    Women Accountants equips Lagos school library
    General news6 months ago

    Women Accountants equips Lagos school library

    The Society of Women Accountants of Nigeria (SWAN) on Wednesday equipped the library of Eva Adelaja Girls Secondary School, Bariga in Lagos with accounting and literature textbooks, among other materials.SWAN National Chairperson, Mrs Catherine Nwamara, said during her address at the school that the project was conceived by the society to encourage young and aspiring students to embrace the habit of reading.Nwamara said that a well-equiped library offers an excellent academic environment for students to concentrate and reach out to explore different subjects in a one-stop peaceful surrounding.She noted that libraries offers good research background for an aspiring student to learn, think, create, share and grow with no worries on affordability.“SWAN believes in knowledge, research, exploring, learning and improvement.“The society believes in studying wide and in-depth because without knowledge as a student and even as a professional, you cannot fulfill your potentials.“That is why equipping libraries with books is one of our aims,” she saidAccording to her, the society in pursuit of its encouragement and empowerment drives for the girl-child, believes that a child needs good and sound educational books and materials.The chairperson said that would assist in widening the knowledge of the female students if they were focused and serious with their studies.Nwamara advised the female students to take the advantage offered to them by SWAN, by making use of the library optimally to improve them academically, socially,  intellectually and emotionally.She said that quality reading makes students more knowledgeable and smarter,  gives them a global knowledge on people, places, culture, events and equips them for better social interaction and development of empathy.According to her, constancy in reading, helps to assimilate words and information, both written and speaking and improves calculation.She charged the girls to consider studying  accounting profession to empower them mentally, socially, academically and financially.“You can only achieve this if you read wide and aim high.“We look forward to welcoming some of you in the near future, into the Institute of Chartered Accountants of Nigeria (ICAN), as we applaud the untiring efforts of your dear principal and teachers,” she said.In her welcome address,Mrs Ronke Akeredolu, Chairman, SWAN Equipping School Libraries Commitee, said that the project initiated by the chairperson since 2021 was geared towards empowering and inspiring the girl-child.Akeredolu said the donation done on quarterly basis to selected schools was aimed at promoting and improving the reading culture of secondary school students   She noted that the project hopes to enlighten students about SWAN, ICAN and the accounting profession and promised that the committee would endeavour to sustain the project. In her response, the Principal, Eva Adelaja Girls Secondary School, Bariga, Mrs O.E Soyoye lauded SWAN for selecting the school as a beneficiary of its project.Soyoye said that the initiative was thoughtful and timely, as it will help to promote reading culture amongst the students .She urged the society not to relent in its efforts at supporting the school and female students in every other capacity that they can.The principal charged the students to take advantage of the books provided by SWAN by reading them.SWAN comprises of female members of ICAN and assist the institute to attend to the soft issues and non-core areas regarding the development of women and children, especially the girl child.The society in its 44 years of existence has recruited  several young women into the accountancy profession, empowered young women with requisite skills for financial independence.It also awarded scholarships to several indigent students across the country, among other contributions.

    Source: NAN

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