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ICAN Elects New President, Promises to Partner with Govt on National Values, Economic Priorities

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The Institute of Chartered Accountants of Nigeria (ICAN) has elected new officers to run its affairs for the next one year.

Dame (Mrs.) Onome Joy Adewuyi BSc, MSc, ACPIN, FCIB, FCA emerged as the 56th President.

Her investiture took place after an election on Tuesday, June 2, 2020 at the Institute’s Secretariat in Victoria Island, Lagos.

In her acceptance speech and inaugural address, Mrs. Adewuyi promised to partner with the government to redefine national values, economic priorities and resource utilization strategies such that the mass of the citizenry can be lifted out of avoidable poverty.

According to her, ICAN would leverage its professional expertise to support players in the informal sector, whose unsung value-creating activities will define the position of the nation on the ladder of sustainable development.

She lamented the paradox of poverty in the midst of plenty being experienced by Nigeria, adding that the nation is at a point in its economic development where all hands must be on deck to address the ugly situation.

“According to the 2019 World Bank Human Development Report, 53.5% of Nigerians live below poverty line of US$1.9 a day. I am inclined, like many analysts, to believe that the situation is even worse considering the high rate of crime and criminality all over the country.

“The situation is better imagined if we take cognizance of the possible effect of COVID-19 in the near term,” she stated.

On refocusing ICAN capacity building initiatives, Mrs. Adewuyi explained that this Presidential year, the Institute would formalize its online trainings and incorporate them into the annual training brochure.

She added that the Members’ Education and Training would be bolstered with cut-edge virtual training programmes.

“These would run together with the established traditional model of delivering trainings. Also, the ICAN faculties would be equipped to become centres of excellence for virtual training in the seven specialist areas of Accounting,” she expatiated.

Speaking further, the ICAN President said the lesson of the COVID-19 pandemic has challenged ICAN to redefine the values it shares, the way it relates and account for its actions and inactions.

“Evidently, the proactive deployment and proficiency in the use of technology will continue to define corporate and individual success.

“This emerging paradigm has implications for how we relate and bond as professionals who share a common vision of working together to build a great nation with a sustainable economy driven by strong institutions,”.

Furthermore, Mrs. Adewuyi explained that with the drastic changing dynamics in the market, ICAN would expand its collaborative horizons to bring on board non-traditional partners, especially the Tech companies that would work with the Institute on the gradual incorporation of emerging technologies, such as Machine Learning, Data Analytics, Robotics and Artificial Intelligence.

She assured that as the Institute would strive to hold leaders at all levels accountable, it would also enforce compliance to the professional code of ethics and sanction all proven cases of misdemeanor by members without fear or favour.

She posited that the task of nation building is a collective responsibility, adding that ICAN as a critical stakeholder could not continue to watch askance for the nation to be going down the hilltop through formulation and implementation of strategic policies.

She also disclosed that ICAN would make efforts to take its Accounting Technician Scheme West Africa (ATSWA) examinations to other African countries which need the middle level Accountancy support, adding that ICAN would maintain excellent working relationships with regulatory authorities like Central Bank of Nigeria (CBN), Nigeria Deposit Insurance Company (NDIC), Securities Exchange Commission (SEC), the Nigerian Stock Exchange (NSE), Corporate Affairs Commission (CAC), Federal Inland Revenue Service (FIRS), Nigerian Extractive Industries Transparency International (NEITI), National Insurance Commission of Nigeria (NAICOM) and the National Pension Commission (PENCOM).

Mrs. Onome Joy Adewuyi graduated with a BSc degree (Second Class Honours Upper Division) in Accounting from the University of Benin in 1982 and MSc in Banking & Finance from the University of Lagos in 1993.

She is an Alumnus of the Harvard Business School, Boston Massachusetts USA; the Wharton Business School of Pennsylvania, USA and the Kellogg Business School, Chicago USA.

She is also an Alumnus of the International Banking Summer School, USA and the Lagos Business School.

She began her career with Texaco Nigeria Plc. as the Treasury and Investment Accountant.

She later joined the Nigerian Intercontinental Merchant Bank Limited where she started her banking career.

She worked in Fidelity Bank Plc. for close to two decades where she rose to the position of the Executive Director, Risk Management.

She has over 3 decades of experience in banking and financial management.

Mrs. Adewuyi, in conjunction with Deloitte of South Africa, was responsible for the implementation of Fidelity Bank Plc. Enterprise Risk Management System in 2008.

This culminated in the setup of distinct Credit Risk, Market Risk and Operational Risk Division of the Bank which is still in use at Fidelity Bank Plc.

She is a faculty of the Financial Institution Training Centre and other private training institutions on Risk Management (Credit and Operational Risks).

She is a Fellow of the Chartered Institute of Bankers of Nigeria (CIBN).

She represents ICAN on the Governing Council of the Financial Reporting Council of Nigeria (FRCN).

She has been Honorary Treasurer of ICAN for three times consecutively: 2011-2012; 2013-2014 and 2014-2015. She was a past President of the Society for Women Accountants of Nigeria (SWAN).

She is a member of the Institute of Directors (IoD) and currently serves on the Boards of Law Union & Rock Insurance Plc. and Dominion Trust Limited as Non-Executive Director.

Mrs. Adewuyi is currently the Executive Director, Finance & Admin of Cynergy Platforms Limited.

She has passion for charity works and development of the indigent girl child and she runs a scholarship scheme for Anglican priests and indigent children attending Nigerian universities.

She is married and blessed with children.

Education

Lagos to Seal Dowen College

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Lagos to Seal Dowen College Over Illegal Waste Dumping

Lagos to Seal Dowen College Over Illegal Waste Dumping

Lagos State authorities have ordered the sealing of Dowen College, Lekki Phase 1, following allegations of improper waste disposal traced to the school.

Commissioner for Environment and Water Resources, Tokunbo Wahab, announced the move on X (formerly Twitter), stating that the Corps Marshal of the Lagos State Environmental Sanitation Corps had been directed to enforce the order.

“This waste was traced to Dowen College in Lekki Phase 1. Such disregard for environmental laws is unacceptable,” Wahab said. “We will not hesitate to take firm action against any institution or organization that violates waste management regulations.”

The commissioner’s statement comes as part of the state’s intensified crackdown on environmental law violations.

Dowen College has previously faced scrutiny from the state government. In 2021, it was shut down indefinitely following the controversial death of student Sylvester Oromoni Jnr., pending investigation.

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UBEC, NGF in Conjunction with NEWGLOBE Spotlight Kwara as Model for Tackling Out-of-School Crisis

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UBEC, NGF in Conjunction with NEWGLOBE Spotlight Kwara as Model for Tackling Out-of-School Crisis

UBEC, NGF in Conjunction with NEWGLOBE Spotlight Kwara as Model for Tackling Out-of-School Crisis

-By Olufemi A. Adetola

 

As Nigeria grapples with the challenge of out-of-school children—estimated to be among the highest globally—recent interventions led by the Universal Basic Education Commission (UBEC) and the Nigeria Governors’ Forum (NGF) offer renewed hope. At the center of this momentum is Governor Abdulrahman Abdulrazaq of Kwara State, whose leadership as NGF Chairman is setting a new national tone on foundational education.

 

Penultimate week, the NGF in collaboration with UBEC and NEWGLOBE convened a multi-stakeholders dialogue in Abuja focusing on foundational learning and strategies to combat the out-of-school children crisis. Commissioners of Education and Chairpersons of State Universal Basic Education Boards (SUBEBs) were present to discuss reforms and implementation pathways. The gathering reaffirmed the need for stronger state-level ownership and collaborative policymaking.

 

UBEC, NGF in Conjunction with NEWGLOBE Spotlight Kwara as Model for Tackling Out-of-School Crisis

 

Kwara State represented by the Hon Commissioner of Education, Dr Lawal Olohungbebe and the Executive Chairman of Kwara State Universal Basic Education Board, Prof Shehu Raheem Adaramaja presents a model of what focused leadership and fiscal discipline can achieve in basic education. According to their presentation, upon assumption of office as the Executive Governor of Kwara State , Mallam AbdulRahaman Abdulrazaq CON moved swiftly to pay backlogs of UBEC counterpart funding, allowing the state to access over ₦14.2 billion in federal matching grants for the years 2014-2019 . This intervention reversed Kwara’s prior blacklisting from UBEC funding and unlocked a cascade of basic education infrastructure projects across the state.

 

Through the Prof. Shehu Adaramaja-led Kwara SUBEB, over 600 schools have been renovated or newly constructed across the 16 local government areas. Classrooms have been furnished with pupils and teachers furniture, perimeter fences erected, boreholes sunk, Digital literacy centres established in 38 centres and WASH facilities provided across the 193 political wards of the state, with clear attention to equity and rural inclusion. These upgrades are impacting both teaching and learning environments in meaningful ways.

 

In addition to infrastructure, Kwara has tackled the human resource challenge head-on. Between 2021 and 2025, the state recruited over 6,400 new teaching and non-teaching staff, with an emphasis on STEM subjects. The recent recruitment exercise adopted community-based recruitment approach, where qualified NCE and Bachelor degrees in education from various communities were recruited to teach in their localities. All recruited staff signed performance bonds, demonstrating a commitment to accountability and diligence performance at duty.

 

Another bright spot is the KwaraLEARN programme—an ambitious education technology initiative that has digitized classroom management in over 1,770 public schools. With real-time monitoring, teacher coaching, and structured lesson plans, over 620,000 pupils now benefit from a more consistent and effective learning experience.

 

Mallam AbdulRahaman Abdulrazaq gave priority attention to teachers motivation and encouragements. He largely demonstrated this in prompt payment of salaries, promotion of teaching and non teaching staff of the State Basic Education Board, enhance capacity building with significant attention to technology education, modern pedagogical trainings, classrooms management techniques, foundational literacy and numeracy skills and other impactful workshops. Early results show gains in literacy and numeracy scores, attendance, and classroom engagement.

 

Kwara has also gone beyond the school walls. Earlier this year, a targeted enrollment drive brought over 2,300 out-of-school children into classrooms. These efforts were especially focused on nomadic communities, Qur’anic school pupils, street children, and underserved areas often missed in national data. Plans are also underway to build 75 new schools in remote areas to further reduce access barriers.

 

Perhaps the most telling endorsement of Kwara’s progress came in May 2025 when UBEC’s North-Central Director, Elder Abalaka described the state as “a pacesetter in compliance.” This reflects not just infrastructural output but the state’s commitment to due process, transparency, and strategic alignment with federal education goals.

 

Governor Abdulrazaq’s leadership at the NGF is crucial to replicating this progress nationwide. His advocacy for coordinated policies, timely funding, and inclusive education models is influencing how states approach their UBE responsibilities. The recent dialogue in Abuja underscored the need for such synergy.

 

As Nigeria intensifies efforts to implement a new national strategy on foundational learning, it is clear that the states must lead from the front. Kwara State’s success story shows that with the right blend of policy, leadership, and stakeholder engagement, progress is not just possible—it is sustainable.

 

The crisis of out-of-school children and weak foundational education has persisted for too long. But if more states follow the Kwara example under Governor Abdulrazaq’s NGF-backed leadership, the foundation of Nigeria’s future can be salvaged and secured.

 

In this regard, what is happening in Kwara should not just be applauded—it should be emulated. The real task now is to replicate such bold governance across every corner of the country.

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Worst WAEC Results in 10 Years Raise Concerns Over Education Standards, CBT Readiness

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Worst WAEC Results in 10 Years Raise Concerns Over Education Standards, CBT Readiness

Worst WAEC Results in 10 Years Raise Concerns Over Education Standards, CBT Readiness

 

ABUJA, August 5, 2025 — Nigeria’s education sector is under renewed scrutiny after the 2025 West African Senior School Certificate Examination (WASSCE) recorded its worst performance in a decade, igniting debate over exam reforms, poor teaching quality, and readiness for full Computer-Based Testing (CBT) next year.

On Monday, the West African Examinations Council (WAEC) announced that only 38.32 percent of the 1,969,313 candidates who sat for the exam obtained five credits, including English and Mathematics—a sharp drop from the 72.12 percent pass rate in 2024.

The last time Nigeria posted a worse result was in 2014, when just 31.28 percent made the benchmark. Over the past decade, performance peaked at 81.70 percent in 2021 before plunging this year.

 

WAEC Blames Anti-Cheating Measures, CBT Integration

Head of WAEC Nigeria, Dr. Amos Dangut, linked the massive drop to stricter anti-malpractice measures, including serialisation of objective papers, which made collusion “more difficult.”

“The decline can be attributed to new protocols designed to curb malpractice,” Dangut said. He added that Computer-Based Testing was introduced in key subjects like English Language, Mathematics, Biology, and Economics, reducing malpractice but exposing digital illiteracy among students.

He noted that 192,089 results (9.75%) were withheld for alleged cheating—slightly lower than 2024’s 11.92 percent—while 451,796 results (22.94%) remain under processing for technical and administrative reasons.

Despite the low benchmark pass, 87.24 percent of candidates earned five credits in other combinations of subjects.

 

Digital Transition Sparks Fresh Concerns

The sharp performance decline comes ahead of Nigeria’s planned full CBT transition for WASSCE in 2026, following a Federal Government directive earlier this year.

However, stakeholders warn the timeline is unrealistic, citing this year’s glitches in CBT-based Unified Tertiary Matriculation Examination (UTME) and WAEC’s own logistical chaos—such as the late-night English Language paper on May 28, which saw students writing under candlelight in some states.

WAEC blamed the midnight session on the reprinting of leaked papers, a move that disrupted logistics nationwide.

 

Stakeholders React: ‘A Reflection of Deep Rot’

Parents-Teachers Association (PTA) President, Haruna Danjuma, said poor preparation and lack of computer knowledge among candidates worsened the outcome:

“Some students did not prepare well. Public schools lack learning materials, and the environment is not conducive. CBT exams blocked chances of malpractice, which many depend on,” Danjuma said.

Prof. Francis Egbokhare, former Director of Distance Learning, University of Ibadan, described the results as a symptom of systemic failure:

“This reflects a crisis of quality in education. We neglect teacher training and infrastructure while obsessing over technology and AI as if they can replace quality instruction,” he lamented, warning of growing “functional illiteracy” among graduates.

Dr. Bisi Akin-Alabi, Project Lead, Safe Schools, Lagos, agreed with WAEC that tougher protocols and serialised question papers made cheating harder, exposing students’ dependence on “expo.”

“The option of CBT shocked many students who lack digital skills,” she said, urging educators to embrace AI-assisted learning and better preparation rather than reliance on leaks.

 

What Next for WAEC and Nigeria’s Education System?

With less than a year to full CBT exams, experts warn that failure to train teachers, upgrade infrastructure, and close digital gaps could doom millions of students.

As WAEC insists the reforms are necessary to protect exam integrity, Monday’s result has left one question hanging:
Is Nigeria ready for a technology-driven education system—or headed for another decade of failure?

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