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Amosun charges ICAN on ethical standard in accounting

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Ogun State Governor Ibikunle Amosun has called on the Institute of Chartered Accountants of Nigeria (ICAN) to maintain the ethical standards inherent in the profession.

“As our nation goes through the process of reformation we should ensure that the ethical standard of this noble profession are maintained at all time, I enjoin the entire national colleague to ensure true professionalism, loyalty, transparency and good corporate governance,” said Amosun who is also a Fellow of the Institute.

He spoke on Friday at the official commissioning of ICAN Secretariat Annex, Ebute-Metta, Lagos.

He said, “I will like to remind us that by virtue of our calling and membership of this reputable institute, you owe it to yourselves and the numerous organisations where we work to ensure accountability in all we do. The role of the accountant and the chartered accounting policy are proactive in good governance and are undisputable”

Commenting on the efforts and achievement of the Institute which is geared towards the financial stability and overall development of Nigeria, he pointed that this will without doubt earn the country international recognition both in Africa and other part of the world.

“I congratulate the members of the committee and the entire members of the Institute of Chartered Accountants for this great accomplishment; I must say that the completion of this building is no mean achievement, this is more so when we consider the prevailing economic situation within the country.”

However, he said his government is willing to welcome innovative suggestion which will bring a turnaround to the country as well as constructive criticism that will engender good governance especially in Ogun State.

ICAN President, Professor Francis Ojaide in his keynote address lamented that the construction project lasted beyond the 40 weeks initially envisaged for it, consequence to the delay in the approval of its building plan from the relevant agencies of the Lagos Government.

Ojaide  said  that the edifice, which cost N617, 682, 548.43,  was largely built from the Institute’s internally generated revenue and donations from partners in the corporate world, Council members, Institute members, ICAN Management and Staff, among others.

According to him, “The proactive decision to acquire this landed property was informed by the projected rapid growth in the population of the Institute’s students, members and work force and the need to have a secretariat through which stakeholders’ diverse needs can be met in a conducive work environment.”

To this end, he stated that with the membership strength of over 350,000 Chartered Accountants, 200,000 students in the professional stream, 75,000 in the Accounting Technicians’ Scheme and a staff strength of almost 200 employees, the Institute head office on Victoria Island has become inadequate to meet the growing office space requirements of the secretariat.

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