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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.

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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.

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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.

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“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.

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Education

JUST IN: Government Shuts Down Lead British School Over Student’s Bully (VIDEO)

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JUST IN: Government Shuts Down Lead British School Over Student’s Bully (VIDEO)

JUST IN: Government Shuts Down Lead British School Over Student’s Bully (VIDEO)

 

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Sahara Weekly Reports That The Federal Government has reportedly shut down Lead British School following the bully of a student named Namitira in the Abuja-based institution.

 

 

 

JUST IN: Government Shuts Down Lead British School Over Student’s Bully (VIDEO)

 

 

 

 

Two videos showing the student reportedly named Namtira being manhandled went viral on social media on Tuesday.

 

 

 

 

 

 

 

In one of the videos, the victim was seen being slapped repeatedly by another female student while asking “Who broke my heart?”

 

 

 

 

 

 

 

In another video, the victim was seen sitting next to a male classmate who was heard saying “I spoilt her relationship”.

 

 

 

 

 

 

 

Furthermore, the minister of women affairs has visited the school to address the situation. In a follow up video recorded this morning, the culprit was seen being slapped by a woman who is said to be the victim’s aunty.

 

 

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NAUB: MR PRESIDENT, WHO ARE THOSE PLANNING TO KILL THE ONLY FEDERAL UNIVERSITY THAT DOES NOT GO ON STRIKE? By Femi Oyewale

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Why the merger of NAUB with NDA cannot work, the hard facts to consider'

NAUB: MR PRESIDENT, WHO ARE THOSE PLANNING TO KILL THE ONLY FEDERAL UNIVERSITY THAT DOES NOT GO ON STRIKE? By Femi Oyewale

 

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Sahara Weekly Reveals That Higher education in Nigeria, quite frankly, is facing immense challenges including but not limited to poor infrastructure, unrealistic academic calendars resulting in extra years against stipulated durations, lack of teaching equipment, social menace, poor funding, amongst others.

 

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NAUB: MR PRESIDENT, WHO ARE THOSE PLANNING TO KILL THE ONLY FEDERAL UNIVERSITY THAT DOES NOT GO ON STRIKE? By Femi Oyewale

 

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Interestingly, Nigerian Army University, Biu (NAUB) is quite unique from other federal universities in the sense that since inception, there has not been any issue of strike, cultism, protest, or anti-social conduct.

 

Rather, the university is reputed for its excellent condition of learning environment.

 

This was aptly covered by the Governor of Borno State, H.E Professor Babagana Umara Zulum through his deputy during the maiden edition of the convocation ceremony of NAUB on Saturday, October 28th, 2023 at the University’s main campus ( note not temporary campus within five years of existence) in Biu, Borno State.

 

 

The Borno State governor said he was physically present at the groundbreaking ceremony of the foundation laying stone of NAUB five years ago, and he is impressed by what he has seen adding that it must take military precision and focus to put in a full-fledged and functional university on a barren land in such a short period.

 

 

The Governor further thanked the Federal Government, the Nigerian Army, the traditional rulers, scholars and academics philanthropist, industrialists, associates and men and women of goodwill from within and outside Borno State for the selfless service of gradually re-modelling the future of Borno State in particular and Nigeria in general and for putting Borno State on the path of further greatness through the Nigerian Army university, Biu.

 

Why then do we plan to abort such a great independent institution of learning known as a barrier breaker and line crosser by merging it with NDA whose missions and visions are not in tandem with each other .

 

Why cut short the dreams of such noble ideas via politics?

 

Are there those who do not want a stable educational system in Nigeria?

Are there external forces or their agents at home trying to destroy a good foundation for a stable educational system in Nigeria?

 

Is NAUB in competition with the private universities?

Are there big shots who benefit from a chaotic educational system in Nigeria?

 

Are there some subterranean forces working within the system to achieve the Boko Haram objective that “education is sin”?

The words of Governor Zulum rings a wise bell when he said that Boko Haram insurgents have achieved their objectives if the university is scrapped.

“Therefore, we appeal to Mr. President to look into this issue so that the Army University Biu would remain a university… because of the importance of education in this part of the country, where Boko Haram is saying that education is forbidden. And I think that by allowing this Army university to be scrapped, they might have achieved one or two of their objectives,” he said.

 

The governor noted that, for over a decade, Borno State has been facing a serious crisis that has denied many children access to education.

“Therefore, this university is very important to not only the people of Borno State but our neighbouring states,” he said.

 

Look at the Western countries that started with military polytechnics that propelled revolution in military equipment development.

 

Many of these developed countries collaborated jointly through civil-military research.

The Swedish Defence University established like NAUB is Sweden’s leading resource in, and first choice for, education, training and research in the management of crisis, war and periods of tension in the leadership of both civil and military agencies. The Swedish Defence University is an accredited institution for academic education for military and civilian students and researchers where different experiences, approaches, and traditions come together. It has become a hub for both national and international students.

 

It might shock you to know that American Military University (AMU) and American Public University (APU). APUS is wholly owned by American Public Education, Inc., a publicly traded private-sector corporation that offers associates, bachelors, masters, and doctoral degrees, in addition to dual degrees, certificate programs and learning tracks.

 

During my NYSC, I served in the Nigerian Army School of Education (NASE), Ilorin, which is a renowned military institution focused on providing high-quality education and training for Nigerian Army personnel and civilians. So why the proposed merger of NAUB?

 

Interestingly, the Nigerian Army University Biu provides such a platform for the Nigerian military towards technological innovation, research, and development in varied fields for national defence and security breakthroughs like many modern nations. In fact, instead of downgrading the Nigerian Army University, many more Army universities should be established in Nigeria. That is the way out for a caricature type of educational system that has failed to have stability over the years.

 

Who is not interested in seeing that a federal university graduates its students within the regular course time frame?

 

Must programmes of all federal universities be easily disrupted. A course of 4 or 5 years ends up taking over 6 to 7 years to complete. The worst part is that many universities end up in a crash programme to be able to cover up for the lost times. The terrible damage to these universities’ products is the very low standard of graduates.

 

Who wants the Nigerian educational system to collapse completely? These are rhetorical questions the amiable president of the Federal Republic of Nigeria and all stakeholders should ask those proposing the merger to answer us publicly, else should let the matter die forever in the abyss of hasty decision.

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Edo State University Uzairue Matriculates 1,245 Students By Elvis Omoregie

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Edo State University Uzairue Matriculates 1,245 Students By Elvis Omoregie

Edo State University Uzairue Matriculates 1,245 Students

By Elvis Omoregie

 

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The Edo State University, Uzairue have matriculated 1,245 students who met the condition for admission criteria for the 2023/2024 academic session.

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Edo State University Uzairue Matriculates 1,245 Students

By Elvis Omoregie

 

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Speaking during the 9th matriculation ceremony of the institution at Iyamho, Etsako West Local Government of Edo state, the institution’s Vice Chancellor, Engr. Prof Emmanuel Aluyor, charged the newly admitted students to adhere to the university’s regulations and contribute responsibly to the institution.

“Dear Matriculants, approach your studies with dedication and make full use of the state-of-the-art technological equipment and ICT facilities available for your academic advancement. Embark on a studious academic journey, making the serene environment of Edo State University Uzairue your conducive home for success.’

He said the University, in partnership with the Edo State Government, is devoted to consistently providing world class teaching and research facilities.

sharing the remarkable progress the institution has achieved over the past eight years, said its humble beginnings with three Faculties and Eight programs, Edo State University Uzairue has grown to encompass nine faculties with over 30 undergraduate programmes”.

He added that all the programmes offered at the institution have been accredited and approved by the National Universities Commission (NUC) and other the relevant professional bodies.

Aluyor said the College of Post Graduate Studies of the institution stands out for its successful programs, encompassing PGD, Masters, MBA, MPA, Mphil, and Ph.D. across different Faculties.

“Having graduated five sets of students, our accreditation processes have consistently yielded impressive grades, With the lowest recorded score being 78.5 per cent’

He explained that through collaborative partnerships with international Universities such as Worcester State University (USA) and the University of Sunderland (UK), students benefit from valuable opportunities to engage in exchange programs.

“The establishment of the institution Teaching Hospital with the support of the State Government, marks a significant stride, enhancing our facilities for medical students’ training.

Aluyor noted that the institution runs an uninterrupted academic calendar leading to its recognition as the best University in the South-South geo-political zone, 2nd Best State University in the country and 10th Best University in Nigeria by the National University Commission (NUC) System Ranking 2022.

“Edo State University is the 1st in West Africa to adopt the CANVAS Learning Management System, used by over 70 percent of ivy League Universities globally”.

He added ” it is the first to acquire the Anatomy table and low and high fidelity Manikins (Simman 3g), which enables the simulation of different scenarios for the training of Medical and Nursing Students”.

He said the institution placed on discipline and adherence to the approved academic calendar, with a commitment to addressing any instances of errant behavior.

Prof Aluyor however called on well meaning individuals and corporate organisations to generously contribute prizes for students of the institution who demonstrate excellence in their respective fields.

In his goodwill message, a member of the Edo State House of Assembly Hon. Inegbebor O. Eugene advised the students to be serious with their academic pursuit and make their parents proud by graduating with good grades

“The university is not a place to come to waste your time but to improve yourself, it is not all about getting the certificate but about going through the university and allowing the institution to go through you”.

He advised the students not to disappoint their parents by focusing on their studies and making the best use of the opportunity to graduate with good grades.

Hon. Inegbebor further stated that he will discuss with the Hon speaker, RT. Hon Blessing Agbebaku to see how Edo State House could institute a prize for the best graduating student in the university.

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