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CBN Governor to deliver lead paper at ICAN conference

The Central Bank Governor, Mallam Sanusi Lamido Sanusi, will  deliver the lead paper at 39th  Annual Accountants Conference of the Institute of Chartered Accountants of Nigeria, (ICAN). The Governor will speak on  “The Changing Roles of the Accounting Profession and the Global Economic Crisis”,

The Institute in a statement of Friday said, “The Conference is scheduled to hold in Abuja from Monday, October 12 to Friday October 16 .  The conference which will attract seasoned professionals and senior financial decision-makers from various parts of the globe,  will be  declared open on Tuesday, October 13 by Vice President Goodluck Jonathan, GCON.

The gathering is expected to ponder and proffer solutions to the myriads of thorny issues currently engaging the minds of financial experts the world over ranging from capital market, risk management, sustainability accounting, government bailout options to the issues of developing and advancing the accounting profession. The conference, which has “Think Global, Act National” as its theme, will examine the issues from both global and national perspectives.

According to Elizabeth Omeresan Adegite, ICAN’s 45TH President and sixth female President, “The world is now a global village and this has made it possible for people of different nations to interact without crossing physical boundaries. Whatever happens in one nation may affect the other nations, though thousands of kilometers apart as we now experience with the global economic crisis. It is therefore necessary to always look at the global picture while taking decisions which have national implications. This conference aims to apply this principle to matters relating to accounting, finance and economics in proffering solutions to problems affecting Nigerian economy.”

Apart from the lead paper, there are two other plenary session papers, the first of which is  entitled “The  Effectiveness of Government Bailout Funds for Economic Growth of Private and Public Sectors”. It will be delivered by Otunba Olusola Adekanola of Olusola Adekanola & Co.

The paper will be discussed by  Professor I. N. Ikpeze, University of Nigeria, Nsukka and Professor Deji Ojo, Centre for Development Studies, Ibadan under the chairmanship of the Accountant-General of the Federation, Alhaji Ibrahim Dankwambo.   The second plenary session paper entitled “International Financial Reporting and Accounting Issues: Imperatives of the Attainment of Economic Development of Nigeria” will be handled by Ed Olowookere, Regional Manager for Financial Management, Africa Region, The World Bank while the discussants will be  Mr. Adeniyi Obe, FCA,  Managing Partner, Akintola Williams Deloitte and Mr. G. S Nnadi, FCA, Executive Secretary, Nigerian Accounting Standards Board, NASB . The chairman of the session is Mr. Rene Geoffrey Renner ,Past President, Association of Accountancy Bodies in West Africa, ABWA.

The workshop papers are: “Restoring Investor’s Confidence in the Capital Market” which will be delivered by Mr. Dotun Sulaimon, FCA and discussed by Mr. Daniel Asapokhai, Partner, Financial Services, PricewaterhouseCoopers and Mr. Farouk Oreagba, Director, The Nigerian Stock Exchange; “Risk management and Assurance in Global Recession” to be delivered by Mr. Olabisi Stephen Onasanya, FCA, Managing Director, First Bank of Nigeria Plc and discussed by Mr. Kunle Elebute FCA, Partner, KPMG Professionals under the chairmanship of His Excellency, Chief U. S. Nwankwo, MON, FCA, ICAN Past President; “Sustainability Accounting: Framework for the Chartered Accountant” to be handled by Mr. Roger Latham, President of CIPFA and Professor Viola Cruse Makin, University of South Africa , and discussed by Mr. Dayo Babatunde, FCA, Managing Partner, Ernst & Young under the chairmanship of Mr. Dean Westcott, FCCA, Vice-President ACCA; as well as “The Need for a well Governed and Supported 3rd Sector in a Developing Economy” to be delivered by Mr. Pesh Framjee, Head of the Horwath Clark Whitehill Chartered Accountants Non Profit Unit and discussed by Mr. Bright Ekweremadu, Managing Director, Society for Family Health and Dr. Hussaini Abdu, Country Director, Action Aid under the chairmanship of Hon. Nnenna Ijeoma E. Ukeje, Chairman, House Committee on Donor Agencies


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