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NASB tasked on international reporting standard

By Peter Egwuatu
The management of Nigerian Accounting Standards Board (NASB) has been called upon to work assiduously to achieve Nigeria’s convergence with international financial reporting standard within the time frame set for it.

The captains of industry and key members of the organized private sector gave the advice at the sendforth cerebration for the Executive Secretary/Chief Executive of NASB, Mr. Godson Nnadi, who is leaving the organization after 20 years in the saddle.

Speaking at the occasion, former Chairman of NASB, Chief Olusegun Osunkeye, counseled the new leadership to build on the legacies of their outgoing boss, by ensuring that Nigerians are adequately educated and enlightened about its activities and benefits of financial reporting.

Osunkeye, observed that Mr. Godson Nnadi has made valuable contribution to the development of Nigerian accounting standard board having been in charge since 1990, nurturing it from an insignificant beginning as a private sector initiative to a foremost Federal Government parastatal.

According to him “ serving for 20 years as CEO of NASB and retiring meritoriously surrounded by his friends and past chairmen of the body was a thing of joy.

Besides being the person that recruited the retiring boss of NASB boss in 1989, Osunkeye observed that his interaction with him over the period of service shows he is tenacious, committed and dedicated to his job while being intellectually sound”.

While describing Nnadi as a repository of history of NASB, Osunkeye tasked him work with its first Executive Secretary, Dr Simeon Ogbechie to author a book on NASB at 30 by 2012 to show how it has been able to impact the financial services sector over its life time.

He explained that every organization must thrive on history and that no better individuals can tell the story of NASB than its first two chief executives.


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