Education

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

Published

4 years ago

June 2, 2020

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

Tayo Folorunsho to Launch “The Campus CEO” Book and Celebrate Years of Edutainment Bliss

Published

2 weeks ago

November 8, 2024

Sahara Weekly

Tayo Folorunsho to Launch “The Campus CEO” Book and Celebrate Years of Edutainment Bliss

Sahara Weekly Reports That Edutainment guru and Founder of The Big Break Moment Africa, Tayo Folorunsho (Teeflo), is set to launch his highly anticipated book, The Campus CEO, at the prestigious Transcorp Hilton in Abuja.

The Campus CEO is a comprehensive guide for aspiring student entrepreneurs seeking to navigate the dynamic landscape of African entrepreneurship. Drawing from Folorunsho’s extensive decade-long experience working with various talents and luxury brands, the book offers invaluable insights, practical advice, and actionable strategies for success. The launch event will not only celebrate the release of this essential guide but also serve as a platform to recognize and honor his dedication and commitment to student eentrepreneursacross Nigeria.

Folorunsho, a passionate advocate for youth empowerment, has made significant contributions to the education and entertainment/creative industries. His initiatives have empowered numerous students from selected higher institutions with knowledge, skills, and platforms, fostering innovation and driving economic growth.

The Campus CEO promises to be an indispensable resource for any student entrepreneur seeking to make their mark. Packed with real-world examples and expert guidance, it is poised to become the go-to guide for navigating the challenges and opportunities of entrepreneurship in Nigeria.

Tayo Folorunsho has dedicated his career to fostering innovation and creativity within the Nigerian education and entertainment sectors. His work has profoundly impacted countless students, providing them with the tools and knowledge necessary to succeed in the competitive world of business.

The launch event will also feature a Celebration of Life, a book presentation, and a project unveiling, highlighting Folorunsho’s ongoing commitment to empowering young entrepreneurs and his latest endeavors to further support student-led innovation and growth.

Education

Bottomline Media Set To Host Ikorodu School Summit and Awards 2024

Published

3 weeks ago

November 3, 2024

Sahara Weekly

Bottomline Media Set To Host Ikorodu School Summit and Awards 2024

Sahara Weekly Reports That All is now set for the much awaited Ikorodu School Summit and Awards 2024, scheduled to take place on Thursday November 28, 2024 at The Life Theological Seminary Center, Obafemi Awolowo Road, Ikorodu Lagos Nigeria.

Chief Host:

Hon. Wasiu Ayodeji Adesina,

Executive Chairman,

Ikorodu Local Government Area

Speakers:

Keynote Speaker: Pastor Olufemi Adefolarin Oshin

Pastor is charge of RCCG, Jesus Partners Assembly, LP 98 – Eruwen, Ikorodu, Lagos State.

Special Guest Speaker: Hon. Folashade Olabanji Oba

Vice Chairman, Ikorodu Local Government Area, Lagos State.

Guest Speaker: Mrs Owenaze Blessing Ella

Director, Unique Prella School, Ikorodu Lagos

Symposium: Lead Discussants

Princess Mulikat Fehintola Sanni, CEO, Mulifelong Motors

SP Ayuba Tunni Umma, PPRO Zone 2 Police Zonal Command, Onikan Lagos Nigeria

Pastor Prof. Durodola Olujide Ajani, Head of Schools, Dobar Group of Schools

Guests Of Honor:

Mr Jamiu Tolani Alli-Balogun, Lagos State Commissioner For Basic and Secondary Education.

Senator Mikhail Adetokunbo Abiru, FCA. lkorodu East Senatorial District

Hon. Babajimi Benson, Federal House Of Representatives, Ikorodu Federal Constituency.

Hon. Ogunleye Gbolahan, member Lagos State House of Assembly, Ikorodu constituency 1

Moshood Aro, Member Lagos State House of Assembly, Ikorodu State Constituency 2

Royal Father Of The Day:

HRM Oba Kebiru Adewale Shotobi

The AYANGBURE Of Ikorodu Kingdom

About The Summit

The Ikorodu School Summit & Awards is aimed at bringing together all stakeholders, including the administrators, school proprietors, community leaders, teachers, students, religious leaders, government officials, parents, security agencies, etc, under the same atmosphere to address the root causes of moral decadence in the society.

Theme: Education Beyond The School

Classroom: Addressing The Root Causes Of Moral Decadence In The Society

According to the convener of the summit, Arthur Igbolaju Richard who doubles as the publisher of Bottomline News Magazine online, the aim of this school summit is to promote education beyond the school classroom, and to help tackle the issue of moral decadence amongst our young population.

The summit will also recognize with awards deserving members of the society who have distinguished themselves by using their positions and resources to advance the development and advancement of education, and also those who have played excellent and exemplary role in building and developing the society.

society

Chrisland University Forges Strategic Partnership with ICSAN

Published

1 month ago

October 21, 2024

Sahara Weekly

Chrisland University Forges Strategic Partnership with ICSAN

Sahara Weekly Reports That In a significant step towards fostering collaboration and academic excellence, Chrisland University hosted a formal event marking the signing of a landmark Linkage Agreement with the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN).

The ceremony, which was held at the Senate Chamber of the University, commenced with an inspiring opening address by the Vice-Chancellor of Chrisland University, Professor Chinedum Peace Babalola, who emphasized the importance of strengthening ties between academia and professional bodies to equip students with essential leadership and administrative skills.

While speaking on the opportunities that will accrue through the programs, the Chairman of the Governing Council of the institute, Mrs. Funmi Ekundayo, assured the University that the students and staff would benefit through the practical insights that will be brought to bear by the Governance experts. The President of ICSAN further highlighted the shared vision and commitment towards advancing governance and professional ethics in Nigeria.

The event culminated in the formal signing of the Linkage Agreement, symbolizing a promising partnership poised to offer students enriched learning experiences and greater access to professional development opportunities.

This collaboration is set to drive innovation and career readiness and contribute to the overall intellectual growth of Chrisland University staff and students.

ICSAN is an offshoot of the International professional body with its headquarters in London and associations in Commonwealth countries. The Institute is a member of the Corporate Secretaries International Association (CSIA). The Geneva-registered global organization is the global voice of corporate secretaries and governance professionals.

This linkage agreement will allow providing professional training and certification to our undergraduate students in the disciplines of Law, Economics, Business Administration, Public Administration, and Accounting.

The collaboration may also extend to providing training and certification to staff in the University Community in the areas of Corporate Governance and Administration, Corporate Secretaryship, and Corporate Financial Management.