Friday, 14 September 2012


The Institute of Chartered Accountant of Nigeria (ICAN) has appealed to the Central Bank of Nigeria (CBN) to have a second look at the proposed introduction of N5,000 note as it would lead to inflation and hinder the cashless policy being currently pursued by the government.

The National President of ICAN, Mr. Adedoyin Owolabi made appeal in an interview shortly after paying a courtesy call on the Ogun State governor, Senator Ibikunle Amosun in Abeokuta.

  Mr. Owolabi advised the apex bank to shelve the idea as it would further encourage people moving around with large sum of money and would also result to inflation.

  He also said that the Institute planned to sponsor Whistleblower’s Protection Bill at the National Assembly as part of its contributions to promote best practices in corporate governance and rid the society of corrupt and sharp practices which had accounted for the unacceptable rising misery index of the citizenry.

  Mr. Owolabi lauded Senator Amosun’s administration for its accomplishments in governance and commitment to the common goal of the people of the State.

  According to him, “as a chartered accountant, we are greatly enthused by your determination to eliminate of forms of corrupt practices in governance. In an era in which the level of integrity and accountability exercised by those in positions of trust determine the virility of the economic, your commitment to the enthronement of accountability and probity deserves not only recognition and commendation but also emulation by the larger society”.

  Responding, the State governor, Senator Ibikunle Amosun said that the nation public service now requires more professionals to institutionalize various policies and programmes of government to meet the yearnings of the populace.

Senator Amosun noted that the ICAN members serving in the State public service had distinguished themselves by being thorough professionals who imbibed the institute’s ethics of dedication, diligence and transparency.

  He seized the opportunity to canvass for support of all and sundry for the passage of the Whistleblower’s Protection Bill, saying it would help to attest to the transparent leadership style of his administration.

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