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ICAN honours NNPC’s Abdulrazaq, others with merit award


Isiaka Abdulrazaq

The Institute of Chartered Accountants of Nigeria (lCAN) has honoured the Group Executive Director and Chief Finance Officer (CFO) of the Nigerian National Petroleum Corporation (NNPC) Isiaka Abdulrazaq, with a merit award.

The merit award, lCAN’s highest honour, was bestowed on Abdulrasaq for his exemplary leadership and promotion of transparency and accountability in the NNPC and other places he had worked.

At the ICAN 2018 Annual Dinner attended by captains of industry, policy makers and leaders of thought in Lagos, Abdulrazaq was honoured alongside the Minister of Finance, Kemi Adeosun, Chairman, Federal Inland Revenue Service (FIRS), Babatunde Fowler and the traditional ruler of Sagamu and Akarigbo of Remoland, Oba Babatunde Ajayi.


The award is conferred on members and non-members who have distinguished themselves in their careers cutting across private and public sectors, as well as members who use the Accountancy profession to promote national development and economic growth.

ICAN President, Isma’ila Muhammadu Zakari, said: “One of such of our members is Abdulrazaq whose professionalism and commitment to excellence has made NNPC to be more transparent in its books. NNPC’s accounts and those of its subsidiaries are now regularly published and can be accessed by members of the public.”

Abdulrazaq was also recognised for his outstanding contribution to the development of the Accounting profession through the establishment of Youth Professional Development Trust (YPDT), which has encouraged young Accounting Graduates in educationally less developed states to attain professionalism. As at 2017, no fewer than 734 students were graduated from the various centers.

He was also honoured for coordinating the effective implementation of The Single Treasury Account (TSA) policy of the Federal Government in NNPC, thereby drastically reducing the number of NNPC bank accounts. 

Abdulrazaq was credited for transparency, professional excellence and integrity in public life; ensuring the timely preparation and Audit of Financial Statements in NNPC. Today NNPC’s Audited Financial Statements are up to date.

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