Tuesday, 5th July 2022
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Institute seeks establishment of Akintola Williams University 

The Chairman of the Audit Committee Institute (ACI), Christian Ekeigwe, has called for the establishment of Akintola Williams University of Africa.

Akintola Williams

The Chairman of the Audit Committee Institute (ACI), Christian Ekeigwe, has called for the establishment of Akintola Williams University of Africa.
Ekeigwe, a fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and Certified Public Accountant (CPA, Massachusetts), described the doyen of accounting, Akintola Williams, as the father of the profession not only in Nigeria but also in Africa.

When established, he said, Akintola Williams University of Africa would serve as a reminder to all accountants in the continent of the salient contributions of the accountant to the profession.
Ekeigwe who made the call a letter said: “Our benefactor, mentor, and doyen, sage and luminary, in the pantheon of accounting, the centenarian Pa Williams, exerted discretionary energy to grow the profession in our community, for the benefit of posterity.”
Ekeigwe stated that, unarguably, the best way accountants in Nigeria and Africa could say a befitting ‘thank you’ to Williams was to establish a university in his name, noting that the institution would also contribute to his wish of leaving a legacy that honours the “promise of accounting” with true professionalism.
According to Ekeigwe, “The promise of accounting or accounting promise is the totality of what society expects from accounting and which the accounting profession has historically pursued to deliver”. He stated that accounting promised the society to be a faithful and steadfast gatekeeper that would bring certainty to stewardship.  
He noted that accounting promised society that it would be a socially responsible profession whose practitioners think logically and exercise judgment courageously without being swayed by the whims and caprices. Interestingly, he noted, Pa Williams “lives up to the promise of accounting and his life in accounting practice reassures investors that the sanctity of audited account numbers is inviolate and that the illocutionary force of the words of his opinion conferred certitude to ‘true and fair view’ of the affairs of the entity as presented”.
“The Akintola Williams University of Africa should also be a brand-new institution, not remake or renaming of some ossified institution with superannuated infrastructure, malodorous culture; it should not be an ostensible educational institution but which exists only as a modern engine of credentialism. And it will be diminishing to just name a department of accounting in a university or college or a building after him. Such an institution might be beset by specific hysteresis that defies forces of progress,” he stressed.
Ekeigwe said he is genuinely and deeply worried for the future of the accounting profession in the country, as “the current generation of accountants has developed a literacy and is being taken by credentialism without true empowering education”.