President challenges ICAN to restore respect for financial regulations to management of resources

chika ebuzor

September 2, 2015 6:06 AM

According to him, with declining prices of oil exports which remain the mainstay of the national economy, Nigeria must begin to properly manage its available resources or face developmental stagnation and decline.

President Buhari

President Muhammadu Buhari has urged Nigerian accountants to support his administration's efforts to restore greater probity, prudence, transparency and respect for financial regulations to the management of national resources.

The president made the call at an audience with members of the Institute of Chartered Accountants of Nigeria (ICAN) at the Presidential Villa, Abuja, on Tuesday.

"You should help us to go back to the days of real accountability in the management of public funds. The annual audits of government Ministries, Departments and Agencies (MDAs) which your members undertake must be taken more seriously."

"People must be made to properly account for whatever government funds are entrusted to their supervision."

"Let your audit reports on our MDAs be thoroughly, professionally and dispassionately done to ensure greater probity in the management of our national resources and sustainable development,’’ the president told the ICAN delegation led by Otunba Samuel Deru."

The ICAN President, Deru, hailed the renaissance of the nation's value system and the reinvigoration of the war against corruption being witnessed under President Buhari's leadership.

"The values you hold dear, those of integrity, transparency and accountability are the foundation of the accountancy profession."

chika ebuzor