Ekiti State Governor urges ICAN to maintain certification standards

The Governor of Ekiti State has emphasised the importance of maintaining the certification standards set by the Institute of Chartered Accountants of Nigeria (ICAN).

During a recent address, he highlighted the institute's role in upholding the “credibility” and “high reputation” of the accountancy profession in Nigeria.

Governor Biodun Oyebanji commended ICAN-certified accountants for their contribution to transparency and accountability within his administration.

He noted that their expertise has helped in managing the state's resources effectively.

ICAN president Chief Davison Chizuoke Alaribe affirmed that the Governor's approach aligns with ICAN's values and has set a benchmark for other states to follow.

Despite concerns about the challenging nature of ICAN's examinations, Oyebanji stressed that the difficulty is essential for maintaining the institute's respected position in the professional community.

Oyebanji said: “You will also agree with me that your colleagues in government are doing so well and this has led to good ratings in respect to accountability and transparency. We have very small resources, on FAAC ladder, we are either second or third to the last every month.

“So, the little we have, we have to apply it in a way and manner that will give happiness to the greatest number of people in the state, and this required a lot of financial engineering from their side and since we got into office we have been rated high in transparency and accountability in the country.”

ICAN, which was established by an Act of Parliament in 1965, has a council comprising 30 members, with 24 elected by its members and six nominated by the government.

This structure ensures representation from across Nigeria's six geopolitical zones.

In January 2025, ICAN expanded its professional development efforts by inaugurating the Nigerian Insurers Association (NIA) Chapter.

The event, held at the Insurers House in Lagos, marked a step towards fostering collaboration and continuous learning among accounting professionals in the country.

"Ekiti State Governor urges ICAN to maintain certification standards " was originally created and published by The Accountant, a GlobalData owned brand.

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