…Takes a swipe at divisive professional tendencies
The Chartered Institute of Treasury Management (CITM), has tasked the leadership of the Institute of Chartered Accountants of Nigeria (ICAN), to adopt the spirit of inclusivity, and recognising the value of all professional organizations in improving the Nigeria financial sector.
CITM Registrar and Chief Executive, Mr. Adedoyin Olumide, who gave the charge while responding to recent comments by the President of ICAN, Mr Haruna Nma Yahaya, who raised eyebrow over the proliferation of professional bodies in the country, noted that such a position was divisive and clearly undermined the authority of the Nigerian parliament.
A statement by Olumide outrightly rejected the narrative by ICAN which tended to portray other professional bodies as inferior, and emphasised the need for collaboration among professional bodies.
Olumide said that CITM was established by the Chartered Institute of Treasury Management Act, 2021, to strengthen Nigeria’s financial architecture through specialized focus on treasury management, including liquidity management, financial risk management, and corporate finance.
While acknowledging ICAN’s 60th anniversary and its contributions to the accounting profession, the CITM Registrar and Chief Executive noted that the issue of ‘proliferation’ undermines the sovereignty of the law.
In the words of Olumide; “Our specialization enhances expertise and drives economic efficiency, aligning with global trends.
“The mandates of ICAN and CITM are distinct but complementary. Developed economies thrive on synergy between professional bodies, which Nigeria must emulate,” he insisted.
“Instead of divisive rhetoric, we should explore partnership avenues. CITM remains open to synergistic relationships that serve Nigeria’s greater good,” Olumide stressed.
He reaffirmed the institute’s commitment to raising treasury management standards and supporting economic growth.
