Lagos Deputy Governor, Hamzat Charges ICAN On Best Practices

Lagos State Deputy Governor, Dr. Kadri Obafemi Hamzat, has advised the Institute of Chartered Accountants of Nigeria (ICAN) to continue exposure of its members and stakeholders to international best practices and modern accounting processes to enhance the socio-economic development of Nigeria.

Speaking on Wednesday at the unveiling of the Logo of the Institute in Victoria-Island, Lagos, the Deputy Governor said such effort will help to identify errors and deliberately spot sharp practices that have prevented the socio-economic development of the country.

While calling for continued and deepened synergy between the Institute and Government, Dr. Hamzat noted that its advisory role will further assist in proffering solutions to the myriad of economic challenges faced by the nation.

He noted that the financial success or otherwise of any organisation or government has to do with the quality of advice, control and measures put in place by its accountants, saying “all these point to how critical your roles are in maintaining the financial credibility of any entity”.

“Your members’ role in any organisation should reflect the entire knowledge of the control of financial policy, budget preparation, cost control and, most importantly, prevent errors and frauds”, the Deputy Governor said.

Commenting on the new logo, Dr. Hamzat described the event as very symbolic, just as it is a signal and renewal of commitment, dedication and professionalism, adding that the new logo should constantly remind members of their responsibilities and commitment to preserving the integrity which ICAN is known and stands for.

He emphasised that the new logo must be a constant reminder and new focus that they must continue to excel in human capital development, service delivery and the process of nation-building.

In her opening remarks, the President of the Institute, Mrs. Comfort Olu Eyitayo, said the event is one of the many rebranding initiatives for a rebirth of the institute, a strategy to further amplify what the institute represents – “Accuracy and Integrity” – and the continuous and conscious drive to act in the public interest.

She said: “We are here to witness the launch of the Institute into an era of greater dynamism and deeper inclusiveness across generations. We are here to celebrate the new face of ICAN for Greater Visibility and Impact”.

The Registrar/Chief Executive of the Institute, Prof. Ahmed Modu Kumshe, stated that ICAN has, in 56 years, carved an enviable niche for itself as a body focused on emerging a global giant among Professional Accounting Organisations (PAOs).

He restated the institute’s commitment to strengthening its pedigree through enhanced value addition, and distinctiveness, even as it adapts and remains flexible to the present realities.