ICAN Urges IFCN To Uphold Transparency

Prof. Francis Ojaide, President of the Institute of Chartered Accountants of Nigeria (ICAN), on Saturday advised members of the Institute of Finance and Control of Nigeria (IFCN) to uphold transparency.

Ojaide made the call while addressing newsmen after a condolence visit to IFCN Headquarters on the death of the

IFCN President, Dr Egai Nimiye, in Lagos.

Ojaide described the death of Nimiye as a great loss to Nigeria.

He described Nimiye as an amicable Nigerians who fought for the control of Federal Government expenditure and limitation to external borrowing.

“I recalled that Nimiye while addressing participants at the Chartered Institute of Taxation (CITN) Conference held in April, 2011 in Abuja, urged the government in partnership with the Federal Inland Revenue Service (FIRS) to ensure that taxes generated were efficiently utilised.

“Our taxes if properly structured and administered, would create a situation where there would be no need for external borrowing,” he said.

Nimiye died on Aug. 12, during a brief illness at the Braithewaite Memorial Hospital (BMH) in Port Harcourt.