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Business / Re: Fire At Plaza 44, Balogun Market, Lagos Island by olusedo: 11:03am On Aug 15, 2022
Reinaldo:
Tinubu's paradise does not have an efficient fire service? Hope no one was hurt.
The Dull guys making millions cannot buy fire extinguishers or what?? Only to make money and show off!!!
Politics / Re: 2023: Muslim-Muslim Ticket Not Ideal But Practical For APC – Senator Arise by olusedo: 10:43am On Aug 15, 2022
Vote Competence Vote BAT... Obi will invest your commonwealth in his Family business
Politics / Re: Lekki Tollgate Protest Ruined By Army, Not Hijacked By Hoodlums - JUDICIAL PANEL by olusedo: 11:55am On Nov 16, 2021
When you put People who had protested against the Toll Gate on the Panel, this is the result you will get.
Politics / Re: Mr Macaroni, You Have Written Your Name In Gold by olusedo: 7:59am On Nov 16, 2021
Seeker of cheap popularity
Islam for Muslims / Re: Mufti Ismail Menk Is Coming To Abuja, Nigeria! by olusedo: 9:12am On Nov 30, 2013
The lecture holds today at the international conference center Abuja.
Politics / Re: Willy Obiano Is APGA Anambra Guber Candidate by olusedo: 10:00pm On Aug 27, 2013
A fellow of ICAN, former executive director in Fidelity bank plc, that is the kind of profile Anambra needs as Governor not thugs.
Career / Re: CISA/CISM September Exam - Need Help And Materials? by olusedo: 6:00pm On Aug 08, 2013
Am a cisa boy
Career / Re: Is CPA Recognised In Nigeria? by olusedo: 9:07pm On Jun 07, 2013
Cpa will be recognised for employment in firms in naija but to obtain a practice licence,Ican membership will be required
Career / Chartered Accountants Can Practice Taxation Unhindered. by olusedo: 6:16am On Jun 02, 2013
Chartered Accountants can practice taxation unhindered, says ICAN
0
March 4, 2013 | 12:23 am
Finance

By BABAJIDE KOMOLAFE

The Institute of Chartered Accountants of Nigeria (ICAN) has insisted that its members can practice taxation unhindered.

In a statement issued weekend, ICAN President, Mr. Adedoyin Owolabi, said that the judgment of February 15, 2013 by the Court of Appeal did not restrained its members who are not members of Chartered Institute of Taxation  (CITN) from practicing taxation.

He said that the judgment has rather vindicated ICAN MEMBERS and made it clear that there is no order restraining members of the Institute from practicing tax in Nigeria.

“As a matter of fact, the two key reliefs sought by CITN, which form the kernel of the controversy between the two bodies (reliefs 3 & 5), were actually set aside by the court, namely:  A declaration that it is illegal for any member of the defendant (ICAN) who is not a member of the Claimant (CITN) to practice or hold himself out to practice as a tax administrator or practitioner for or in expectation of reward in Nigeria;  “An order restraining members of the Defendant (ICAN) who are not members of the Claimant (CITN) from practicing, representing or holding themselves out as Tax”

“For the avoidance of doubt, we hereby reiterate that while the Court of Appeal held that Taxation is a profession distinct from Accountancy and gave CITN powers to regulate and control the practice of taxation, CITN was denied the right to declare it illegal for ICAN members who are not members of CITN to practise as Tax administrators for a reward in Nigeria.

“The Court of Appeal also refused to grant a perpetual injunction restraining ICAN members who are not CITN members from practicing, representing or holding themselves out as Tax Administrators or Practitioners in violation of the Chartered Institute of Taxation of Nigeria Act No. 76 of 1992 Cap C10 LFN 2004.  The import of the judgement is clear to all and sundry: ICAN members can practise taxation unhindered without being members of CITN.”

“ICAN wishes to use this medium to appeal to its members, other stakeholders and the public at large not to be misled by the media hype. The court ruling, which nobody can alter, is available for all to read and draw their conclusions there from.

As a law abiding body of respectable professionals, ICAN, which was established by the Act of Parliament No 15 of 1965, has operated within the limits of the rule of Law in the past forty eight years. Our motto is Accuracy and Integrity and we will not allow anything to distract or derail us,” the statement said.
Career / Re: Tax Professionals Forum by olusedo: 6:09am On Jun 02, 2013
Chartered Accountants can practice taxation unhindered, says ICAN
0
March 4, 2013 | 12:23 am
Finance

By BABAJIDE KOMOLAFE

The Institute of Chartered Accountants of Nigeria (ICAN) has insisted that its members can practice taxation unhindered.

In a statement issued weekend, ICAN President, Mr. Adedoyin Owolabi, said that the judgment of February 15, 2013 by the Court of Appeal did not restrained its members who are not members of Chartered Institute of Taxation  (CITN) from practicing taxation.

He said that the judgment has rather vindicated ICAN MEMBERS and made it clear that there is no order restraining members of the Institute from practicing tax in Nigeria.

“As a matter of fact, the two key reliefs sought by CITN, which form the kernel of the controversy between the two bodies (reliefs 3 & 5), were actually set aside by the court, namely:  A declaration that it is illegal for any member of the defendant (ICAN) who is not a member of the Claimant (CITN) to practice or hold himself out to practice as a tax administrator or practitioner for or in expectation of reward in Nigeria;  “An order restraining members of the Defendant (ICAN) who are not members of the Claimant (CITN) from practicing, representing or holding themselves out as Tax”

“For the avoidance of doubt, we hereby reiterate that while the Court of Appeal held that Taxation is a profession distinct from Accountancy and gave CITN powers to regulate and control the practice of taxation, CITN was denied the right to declare it illegal for ICAN members who are not members of CITN to practise as Tax administrators for a reward in Nigeria.

“The Court of Appeal also refused to grant a perpetual injunction restraining ICAN members who are not CITN members from practicing, representing or holding themselves out as Tax Administrators or Practitioners in violation of the Chartered Institute of Taxation of Nigeria Act No. 76 of 1992 Cap C10 LFN 2004.  The import of the judgement is clear to all and sundry: ICAN members can practise taxation unhindered without being members of CITN.”

“ICAN wishes to use this medium to appeal to its members, other stakeholders and the public at large not to be misled by the media hype. The court ruling, which nobody can alter, is available for all to read and draw their conclusions there from.

As a law abiding body of respectable professionals, ICAN, which was established by the Act of Parliament No 15 of 1965, has operated within the limits of the rule of Law in the past forty eight years. Our motto is Accuracy and Integrity and we will not allow anything to distract or derail us,” the statement said.
Business / Re: CITN Floors ICAN Again In Respect Of Tax Practice by olusedo: 6:03am On Jun 02, 2013
Chartered Accountants can practice taxation unhindered, says ICAN

By BABAJIDE KOMOLAFE

The Institute of Chartered Accountants of Nigeria (ICAN) has insisted that its members can practice taxation unhindered.

In a statement issued weekend, ICAN President, Mr. Adedoyin Owolabi, said that the judgment of February 15, 2013 by the Court of Appeal did not restrained its members who are not members of Chartered Institute of Taxation  (CITN) from practicing taxation.

He said that the judgment has rather vindicated ICAN MEMBERS and made it clear that there is no order restraining members of the Institute from practicing tax in Nigeria.

“As a matter of fact, the two key reliefs sought by CITN, which form the kernel of the controversy between the two bodies (reliefs 3 & 5), were actually set aside by the court, namely:  A declaration that it is illegal for any member of the defendant (ICAN) who is not a member of the Claimant (CITN) to practice or hold himself out to practice as a tax administrator or practitioner for or in expectation of reward in Nigeria;  “An order restraining members of the Defendant (ICAN) who are not members of the Claimant (CITN) from practicing, representing or holding themselves out as Tax”

“For the avoidance of doubt, we hereby reiterate that while the Court of Appeal held that Taxation is a profession distinct from Accountancy and gave CITN powers to regulate and control the practice of taxation, CITN was denied the right to declare it illegal for ICAN members who are not members of CITN to practise as Tax administrators for a reward in Nigeria.

“The Court of Appeal also refused to grant a perpetual injunction restraining ICAN members who are not CITN members from practicing, representing or holding themselves out as Tax Administrators or Practitioners in violation of the Chartered Institute of Taxation of Nigeria Act No. 76 of 1992 Cap C10 LFN 2004.  The import of the judgement is clear to all and sundry: ICAN members can practise taxation unhindered without being members of CITN.”

“ICAN wishes to use this medium to appeal to its members, other stakeholders and the public at large not to be misled by the media hype. The court ruling, which nobody can alter, is available for all to read and draw their conclusions there from.

As a law abiding body of respectable professionals, ICAN, which was established by the Act of Parliament No 15 of 1965, has operated within the limits of the rule of Law in the past forty eight years. Our motto is Accuracy and Integrity and we will not allow anything to distract or derail us,” the statement said.
Business / Re: CITN Floors ICAN Again In Respect Of Tax Practice by olusedo: 5:37am On Jun 02, 2013
http%3A%2F%2Fwww.icanig.org%2Findex.php%3Foption%3Dcom_content%26view%3Darticle%26id%3D313%253Aican-members-can-practice-taxation-unhindered%26catid%3D42%253Ahot-news&h=6AQHuqDPI&s=1

Just in case you wish to know
Career / Re: How Can I Become A Certified National Accountant? by olusedo: 9:26pm On Apr 16, 2013
Why not an ASSOCIATE CHARTERED ACCOUNTANT?
Career / Re: ICAN Stops Direct Conversion Of Foreign Qualifications by olusedo: 7:04pm On Dec 30, 2012
ICAN is the most talked about professional body in Nigeria. When will u compare NBA with d equivalent in UK or USA when will u compare Nig society of engineers with the UK equivalent? Its always ICAN ACCA ICAN CIMA ICAN ANAN ICAN CITN ICAN always breaking the scales.ICAN I LOVE U
Career / Re: ICAN Haba by olusedo: 7:28pm On Jul 20, 2012
Take heart ma guy, its for your own good.I was once like you but now I thank God and ICAN for the kind of grooming that they gave me.
Sports / Re: Is Mikel Obi Finally Making Nigeria Proud? by olusedo: 4:38am On Apr 19, 2012
He was good in that game no doubt.but consistency is all he needs
Career / Re: Accountants: ACCA, ICMA Or ICAN. by olusedo: 11:26pm On Feb 28, 2012
Professionalism is not a race that should be measured in years. ICAN:Think Global Act National.Proudly Nigeria.
Career / Re: Acca Or Ican Which Should I Go For? Pls Advice by olusedo: 4:21pm On Dec 31, 2011
“United Nations' global accountancy curriculum titled Guideline on National Requirements for the Qualification of Professional Accountants published in 1999. ACCA was a participant in the consultative group, which devised this global Benchmark, and reference to ACCA's role is included throughout the publication.”
I still maintain that acca operates on a royal charter granted it by the queen in 1974 being a part of a group that developed a curriculum for UN does not amount to a global recognition. I agree that ACCA has a global outlook and approach it still doesn't give automatic rights to practice world wide
http://en.m.wikipedia.org/wiki/Association_of_Chartered_Certified_Accountants
Career / Re: Acca Or Ican Which Should I Go For? Pls Advice by olusedo: 5:19am On Dec 29, 2011
Ignore the ACCA advice and go for ICAN, ACCA is british not global they have no global charter be proudly nigerian.
Career / Re: Accountants: ACCA, ICMA Or ICAN. by olusedo: 5:08am On Dec 29, 2011
Pls go for ICAN you won't regret u did
Career / Re: Acca Or Ican Which Should I Go For? Pls Advice by olusedo: 8:46pm On Nov 19, 2011
Go for ICAN
Career / Re: ACCA Or ICAN: Which Is Better? by olusedo: 9:52am On Nov 07, 2011
DO NOT BE DECEIVED BY ANY MOU BETWEEN ICAN AND ACCA, COULD THE ACCA GLOBAL PRESIDENT HAVE COME ALL THE WAY FROM ENGLAND TO NIGERIA JUST TO DECEIVE NIGERIANS, SEE BELOW

'In apparent bid to further promote the accountancy profession in Nigeria, The Institute of Chartered Accountants of Nigeria, ICAN, and the Association of Chartered Certified Accountants, ACCA, of the United Kingdom have signed a Memorandum of Understanding on mutual cooperation.

The memorandum is a befitting sequel to the landmark agreement reached in February this year. The two bodies had agreed last February when the Global President of ACCA, Mrs. Gillian Ball visited Nigeria.

This led to first ICAN and ACCA bilateral meeting, which took place at the ICAN secretariat on Wednesday, February 6, 2008. The ACCA team, led by Ms Ball and the ICAN team led by Prince Ade Babington-Ashaye, both agreed the terms of reference of the Bilateral Committee as well as resolved to collaborate on a number of areas to develop the Accountancy profession'.
http://www.facebook.com/note.php?note_id=16391283647
A statement issued at the end of the MOU signing stated, “ In recognition of the value of promoting mutual co-operation for the advancement of the accountancy profession and the public interest, both ICAN and ACCA, thus agreed to enter into the MOU, which was made towards the end of May, 2008.

[/b][/b]
Career / Re: Accountants: ACCA, ICMA Or ICAN. by olusedo: 10:29am On Jul 22, 2011
Omo iya go for ICAN
Career / Which Is Better Between Acca And Anan by olusedo: 10:27am On Jul 22, 2011
Please am seriously considering an accounting qualification.Please advise me which is better between ACCA and ANAN

Thanks
Jobs/Vacancies / Re: What Is The Salary Of An Accounatnt In Uac Plc by olusedo: 9:17pm On Mar 22, 2010
As an accountant with ACA its N1.8m pa
authentic!!!!!
Jobs/Vacancies / Ndic Test by olusedo: 11:55am On Sep 23, 2009
Please i was invited for a test by NDIC can anyone help with the test formart and any other information
European Football (EPL, UEFA, La Liga) / Re: Manchester Has Won Uefa Champions League by olusedo: 9:41am On May 29, 2008
ALL HAIL MANCHESTER UNITED CHAMPIONS OF THE WORLD BRAVOOOOOOOOOOOOOOOO!!!!!!!!!!
WHERE IS CHEALSEA 2DAY WHERE IS LIVERPOOL WHERE IS BARCA, AC/INTERMILAN ,REALMADRID AND ALL THOSE PERENNIAL UNDER- ACHIEVERS ARSENAL(GUNNERS ARE LOSERS)
Jobs/Vacancies / Re: Wema And Uba Which One Pay Higher? by olusedo: 9:27pm On Jan 18, 2008
pls what are the chances of a corper serving with wema bank of being retained after service . insiders pls advice
Jobs/Vacancies / Re: Invitation For Skill Test From Bbc by olusedo: 7:52pm On Jan 06, 2008
Bbc is a big accounting firm. it falls in the category of the largest indigenous firms after the kpmgs,and pwc. i applied as an audit senior last year but the interview was so hot that i lost out. so if you want to go in there you really need to dust your books
Jobs/Vacancies / Re: Nigerian Union Of Drivers: by olusedo: 6:32pm On Nov 04, 2007
i honestly think its high time you activate this dearm to restore some hope to this very crucial proffession
Jobs/Vacancies / Re: Graduates Have Been Rubbished by olusedo: 8:23pm On Nov 03, 2007
i had an interesting experience with an insurance compy agency. i was invited for an interview, did it and passed, After 3 days training was very happy collecting the employment letter on reading it however i saw that the terms are nothing to write home about ; i was to be given 5000 as monthly transport allowance to roam the streets of lagos and my salary will be a function of the number of policies that i am able to sell. i thought about it for 2 days because i needed a job badly, i did not take the job eventually. however i got a job 3 weeks after this incidence in a bank. graduates please wait for your time, it will surely come
Career / Re: ICAN Has Rejected Me Again by olusedo: 12:33pm On Aug 10, 2007
my guy no lose hope champions are not men who never fail bt men who never quit see you there soonest on the track of prifessionalism. . i also wrote sfm reference too i got to the exam venue 30mins behind schedul but i still passed (now ACA)

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