ICSAN boss commends Buhari’s anti-corruption crusade

The President and Chairman of Council of the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), Dr. Nat Ofo, has described the on-going anti-corruption war of President Muhammadu Buhari, as commendable saying it will greatly reduce the wanton looting of the treasury.

He also said Nigeria should not be the poorest country because of its vast resources, adding however, that the impacts of these resources are not felt “because they are mismanaged”.

Ofo stated this in Lagos while briefing newsmen on the annual conference and dinner awards of the institute slated for September 10 and 11, respectively.

According to him, corruption war of the present administration would not only bring to the barest minimum the rate of the scourge which has eaten deep into the fabrics of the society, but also go a long way in letting the resources of the country go round.
“Nigeria should not be the poorest country because of our resources- oil and others. But because these resources are mismanaged, their impacts are not felt. We should have a system to ensure prudency in financial resources. By having this, the impact will be widely felt.

President Buhari’s fight against corruption is okay and it will make our resources have impact on the people. Corruption is a major issue that should be dealt with so that the people will feel the impact of the resources we have in the country.

Government should be accountable to the people so that more dividends of democracy will be felt from the little resources we get”, Ofor stated.

The theme, “Disclosure and Transparency: A Paradigm Shift in Corporate Nigeria”, with its sub-themes: “Responsibility of independent Non-Executive Directors in Corporate Nigeria”; “Duality of Audit Committees in Nigeria: A critical Appraisal” and “Opportunities for Chartered Secretaries and Corporate Governance Auditors”.

According to him, the Conference is one of the cardinal programmes of the Institute to promote good governance practices within and outside the corporate world, adding that the Institute considers the need for disclosure and transparency in every segment of corporate Nigeria.

In line with the resolve of the present administration to clean the Augean stable in Nigeria, the Institute has carefully chosen the theme to showcase the importance of disclosure and transparency to national development”, he said.

Stating that ICSAN considered the issues of disclosure, transparency and accountability as major challenges of Corporate Governance in the country, Ofo explained that with the introduction of Financial Reporting Council Codes, there was the need to re-align its operations along the lines of good governance and best practices.