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House rejection of Forensic Bill, victory for professionalism, says ICAN


ICAN president, Razak Jaiyeola

The Institute of Chartered Accountants of Nigeria, (ICAN) yesterday said the rejection of the proposed Chartered Institute of Forensic and Investigative Auditors of Nigeria (CIFIAN) by the House of Representatives, was a victory for professionalism in the country.

It maintained that the result of the debate on the bill shows clearly that it is not an issue between ICAN and the promoters of the bill, but the need to prevent duplication of the accounting profession and promote competence.

ICAN president, Razak Jaiyeola stated during an interaction with newsmen in Lagos, alleging that the promoters of the bill are not competent and cannot use their skill to curb corruption in Nigeria.

Members of the proposed CIFIAN and the leadership of ICAN have been at logger heads with the former accusing ICAN of moves to frustrate the passage of the bill to establish CIFIAN which was passed by the senate but rejected last week by the House of Reps. Jaiyeola said in its determination to make accountants more relevant, the Institute plans to hold its accountants technology conference also known as ‘Accounteks’.

The summit, he said would provide avenue for accountants and other business professionals to understand opportunities that exist in the area of technology for their profession.

The event which holds in Lagos, he disclosed will also provide a platform of interaction between members and manufacturers/vendors of these technologies in addition to helping narrow the technology gap between members who are Chief Finance Officers and their Chief Information Officers counterparts.

“The two-day summit hold between 29th and 30th April 2019 and will feature some of the most experienced and innovative business and technology technocrats in Nigeria and Africa”, he said.

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ICANRazak Jaiyeola
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