We were committing blunders unknowingly at NASS until ICAN intervened- Olubadan.

Olubadan of Ibadanland, Oba Lekan Balogun, has disclosed that the contributions of the Institute of Chartered Accountants of Nigeria (ICAN) to the growth and development of the country are unequalled and without the professional touches of members on the economy, the country would have been in total and absolute mess.

To underscore the importance of the accounting profession, the monarch recalled his days in the Senate between 1999 and 2003 and said, “we were committing blunders unknowingly in the Senate until you people intervened and put us on the right track. Only God knew what would have become of our accounting process and the kind of mess we would have all found ourselves but for your intervention”.

Oba Balogun made this remark at his Alarere residence while playing host to the 57th President of ICAN, Mrs. Comfort Olu Eyitayo and her executive members that came on a visit to the monarch to round off the 50th anniversary of Ibadan and District Society of the institute.

The monarch enjoined the institute to hold on to its ideals of professionalism in the discharge of its responsibilities to both public and private institutions, insisting that should the members for whatever reason compromise on the mandate of proper accountability at any facet of the country’s life, the repercussion would be too grave for all and sundry.

The ICAN President, Mrs. Eyitayo, FCA, who congratulated Olubadan on his recent coronation remarked that it could not have been mere coincidence especially against the backdrop of current developments in the traditional and political architecture of the country just as she acknowledged the hosting of her team by the monarch which she said was a reflection of the prime esteem Kabiyesi hold the institute and the deference he has for the noble accounting profession.

According to her, “we consider you as bridge builder at this critical junction in our history as a nation. Kabiyesi, your experience transverses critical areas of our national economy that need urgent attention and intervention. The experiences of highly esteemed personalities like Your Imperial Majesty are much needed to address the current challenges in our society.

“Your Imperial Majesty’s prominence and interactions with academia and various tribes in the nation is well established and has given you a broader perspective of the yearnings of these stakeholders. The contributions made by Your Imperial Majesty in the political space of the country as a former Distinguished Senator chair/serving in various Senate Committees are constructive and ineffaceable.

“Presently, Your Imperial Majesty occupies a very strategic position as a first-class traditional ruler of the ancient city of Ibadan-a pacesetter town in more ways than one. Kabiyesi, the Institute respects traditional institutions and we continue to encourage leaders at all levels in the country to leverage our rich cultural heritage in addressing the country’s challenges. As the closest to the grassroots, the traditional institution has better understanding of the aspirations of the citizens”, the ICAN boss added.

Mrs. Eyitayo counseled that successful formulation and implementation of policies would require the full involvement of the traditional institution, adding, “This will help the country to achieve better and effective outcomes. We wish that Your Imperial Majesty would continue to use your exalted position and invaluable experience to create this awareness among our political leaders across the tiers of government in the country”.

Speaking on the involvement of the Institute in the affairs of the country, the ICAN President disclosed that the Institute had been a respected voice in the budget process of the country and also made contributions to relevant bills in the National Assembly through submission of well-researched position papers.

“ICAN’s voice remains audible on topical subjects in the economy and we have released our positions on several policies and programmes of government such as the Petroleum Industry Act (PIA), the digital currency, the foreign exchange challenges, the VAT, Tax Crimes Commission (Establishment) Bill among others”, Mrs. Eyitayo added.

While praying for Kabiyesi to receive the grace and wisdom to accomplish all his laudable programmes for Ibadanland, the accounting guru equally sought for royal blessings for the Institute and its Ibadan District Society which she described as “not just one of the 70 Districts of the Institute, but it is actually one of the oldest. As I earlier mentioned, we are in this great city to celebrate the 50th Anniversary of the District”.

Babatunde Tiamiyu

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