Ignatius
Mr. Ignatius Adegunle is a chartered accountant with over 50 years of experience in Nigeria’s taxation industry. He is also the first Vice President of the Chartered Institute of Taxation in Nigeria (CITN), as well as a former Chief Invigilator at the Institute of Chartered Accountants of Nigeria (ICAN). In this interview with CHINONSO IHEKIRE, he sheds light on tax administration in the country, making a case for improved operations and compliance. x
With over five decades of experience, what is your assessment of tax administration in Nigeria?
So far, Nigeria has not done too badly, though we have been very slow. It took a long time before we started changing our tax laws. But looking at what has happened in the last few years, we have woken up from our slumber. Before, there were so many aspects of the Nigerian tax law that should have been amended based on the economic situation of our country, but government was slow and the ind
James Emejo
The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, has called on the Institute of Chartered Accountants of Nigeria (ICAN) to include courses on the deposit insurance system (DIS) into the institute’s programmes in order to deepen the understanding of the scheme within the banking public.
He said this would help to bridge the knowledge gap and address misconceptions on the benefits and limitations of the DIS, particularly its contributions to financial system stability.
Hassan, made the appeal when he received the council members of ICAN, led by its president, Mrs. Comfort Eyitayo, on a courtesy visit to the corporation.
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First City Monument Bank (FCMB)
By
Wed Jul 14 2021
The Board of Directors of FCMB Group Plc has announced the appointment of Yemisi Edun as the Managing Director of First City Monument Bank (FCMB) Limited, after six months in acting capacity.
The bank in a statement said it is upon the end of service of the bank’s former MD, Adam Nuru.
The board had earlier reviewed media allegations made in late 2020 against the former MD saying it did not establish any contravention of its policies.
Edun was the Executive Director/Chief Financial Officer of the bank until she became acting managing director on January 6, 2021, after Mr Nuru stepped down.
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