ICAN confers fellowship on 911 members
ICAN confers fellowship on 911 members
The Institute of Chartered Accountants of Nigeria (ICAN) has conferred Fellowship status on 911 of its members during a ceremony held over the weekend at Harbour Point, Victoria Island, Lagos.
The event, which drew accountants from across the country, including several past executive members of the institute, celebrated the achievements of the new Fellows.
Speaking at the ceremony, ICAN’s 59th President, Chief Davidson Alaribe, described the Fellowship as the highest professional status attainable by any Chartered Accountant, marking a major milestone in the inductees’ careers.
Alaribe noted that to qualify, members must have completed “a minimum of five years post-qualification in practice or ten years post-qualification experience outside active practice.”
He said the institute’s fellowship status was reserved primarily for individuals who have made significant contributions to the profession, adding that it was an award given to well-respected experts in the different areas of specialization of the profession.
“There are stringent criteria that must be met before qualifying for the Fellowship status of our Institute. This is to ensure that those conferred into this professional elitist club are truly worthy of the coveted status. We recognize that the new status places additional responsibilities on the awardees.
“As fellows, you now stand on the shoulders of giants who have paved the way for excellence in accountancy. You are tasked with the responsibility of mentoring the next generation, championing ethical standards, and contributing positively to society.
“I urge you to continually seek innovative solutions, embrace lifelong learning, and remain steadfast in your dedication to the ethical standards that define us,” he said.
Continuing, the Diamond President said that the honorees were assessed and found worthy in their compliance with the best global practices in service delivery and value creation; steadfast commitment to the well-regarded ethical values of accountability, transparency, honesty, and integrity as espoused by the profession and ICAN, and outstanding value-driven contributions to the development of accountancy profession.
“The above are the attributes that brought you thus far, and they must be consciously preserved and constantly improved upon. As you become fellows of the Institute today, I urge you to remember that your influence extends beyond balance sheets and financial reports.
“You are now ambassadors of integrity, accountability, and transparency. In your hands lies the power to guide future generations towards responsible stewardship. I urge you to be proactive in your pursuit of knowledge and to actively participate in shaping the future of accountancy in Nigeria and beyond.
“You must be intentional about building relationships that support a more efficient workflow and higher quality outcomes. Unarguably, the present economic challenges require deliberate collaborative efforts among Chartered Accountants if we want to significantly impact our society.
“Let me assure you that the Institute will not renege on its obligation of providing a supportive environment for growth. We will continue to avail our professionals, platforms for cutting-edge training and networking opportunities.
“I encourage you, our new Fellowship recipients, and other members of the Institute to partake in the diverse capacity-building and continuous professional development initiatives of the Institute,” he said.
Earlier, Chairman Membership Affairs Committee, Dr. Etofolam Osuji, reminded the recipients to uphold the highest standards of ethical conduct, professional judgment, and leadership.
“You serve as role models and mentors to younger professionals and as ambassadors of the Institute in both national and global arenas. Your commitment to continuous professional development and excellence should continue to reflect the values of ICAN,” he said.
