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Institute of Chartered Accountants of Nigeria (ICAN) has said that its members were the most hit by the adverse effects of COVID-19 pandemic in the country.
Dame Onome Joy Adewuyi, the President of ICAN,who disclosed during the Institute’s annual dinner and awards in Lagos, said the development made the Institute to consider paradigm shift to amenable terrain with a view to surviving the turbulence caused by the pandemic.
“As Accountants, we felt the impact of the pandemic most profoundly, especially when it was at its peak. It introduced new paradigms to our approaches to our many public interest mandates. The pandemic brought out the ingenuity in Chartered Accountants through the adoption of innovative ways of discharging our tasks as financial report preparers, auditors, tax experts, forensic advisers, data analysts, decision-makers and strategists.
“As Chartered Accountants, we are leveraging technology to guarantee our excellent services to clients and ensure that businesses remain afloat and experience growth against the odds of the challenges brought about by the pandemic. Our members are in the frontline of safeguarding the financial health of the country as critical enablers of growth and development”
Adewuyi said In order to address the human capital deficiency in the country, the Institute of Chartered Accountants of Nigeria (ICAN) has disclosed that it is concluding arrangements to secure a licence from the National Universities Commission (NUC) for the establishment of a specialized university.
She expressed that when operational, the universitywould initially meet the growing demand for postgraduate education in social and management sciences such as accounting, economics, business administration, finance among others.
She added that the groundbreaking ceremony for the temporary site of the university at the Federal Capital Territory has been scheduled to hold before the end of this month, thereby appealing to all well meaning and public-spirited individuals to support the Institute on the project.
She further stated that the Institute also took it upon itself to review, free of charge, the curricula of tertiary institutions in the country and other examination bodies to ensure that these curricula meet international best standards.
“These include the curricula of the National Universities Commission (NUC), the National Board for Technical Education (NBTE), the West African Examination Council (WAEC) and the National Examinations Council (NECO). Our findings and recommendations were presented to these bodies and the Institute was well-appreciated for the thoughtful and public interest assignment,” she added.
The ICAN President stated that the Institute’s Annual Dinner and Awards recognizes and projects to the world the outstanding contributions of distinguished individuals.
“It is one of our statutory programmes aimed at encouraging patriotism, professionalism and selfless service to humanity. At this event, we accord due and well-deserved honour to men and women who have singled themselves out, as thorough-bred Chartered Accountants and other great contributors to Nigeria’s growth dynamics,” she said.
Adewuyi noted that the Governing Council of the Institute considered it essential to recognize these outstanding members whose contributions continue to have tremendous impact on businesses, both within and outside the shores of the country.
Speaking further she said this year’s Annual Dinner and Awards is taking place against the backdrop of the coronavirus (COVID-19) pandemic, albeit with significant progress made to arrest its spread across the world including Nigeria.
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Some of the awardees in the members’ category include; ICAN Past Presidents – Major General (Rtd) Sebastian Achulike Owuama, and Alhaji Kabir Mohammed.
Others are Fola Adeola, Otunba Olusola Adekanola and Albert Folorunsho.
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