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ICAN Inaugurates FIRS Chapter, Lauds Adedeji’s Reforms

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The President of the Institute of Chartered Accountants of Nigeria (ICAN), Davidson Alaribe, on Tuesday, inaugurated the Federal Inland Revenue Service (FIRS) chapter of the professional body, charging officers to uphold the ethical standards of the accountancy profession.

Speaking at the event in Abuja, Alaribe emphasised the significance of the chapter, noting that FIRS is the largest employer of chartered accountants in Nigeria. He disclosed that out of the country’s 66,000 chartered accountants, over 2,800 are in FIRS, making it the government agency with the highest number of ICAN members.

Alaribe also commended the FIRS Chairman, Zacch Adedeji, for his transformational leadership, which he said has repositioned the agency as a vital driver of national economic development. He acknowledged the FIRS boss’s efforts in ensuring increased revenue generation, transparency, and professionalism in tax administration.

“I must commend the FIRS Chairman, Zacch Adedeji, for the remarkable transformation happening at the agency. His leadership has further reinforced the importance of professionalism in financial management and revenue collection,” Alaribe said.

In a statement by his Technical Assistant (Media), Sikiru Akinola, Adedeji reiterated his commitment to upholding ethical standards and supporting ICAN members within the agency.

PplRepresented by the Coordinating Director (Medium Taxpayers Group), Dr. Dick Irri, the FIRS boss noted that ICAN members have consistently demonstrated excellence and professionalism in their duties.

“ICAN is dear to me in many ways. Apart from being a Fellow of ICAN, we have close to 3,000 members working in FIRS. I like to tell you that all your members have always upheld the core values of ICAN. They have set standards others are working to catch up with,” Adedeji said.

He further emphasised that the establishment of the ICAN chapter within FIRS would strengthen professionalism, foster collaboration, and enhance revenue collection processes.

The newly inaugurated ICAN-FIRS chapter pledged to uphold ethical financial practices and promote continuous learning among its members.

In her acceptance speech, the pioneer chairperson of the FIRS-ICAN chapter, Dr. Josephine Onyia, expressed appreciation to the FIRS chief and his management for their unwavering support in setting up the unit.

“As members of a noble profession like ours, we are crucial in upholding financial integrity, fostering economic advancement, and promoting trust within the business community. I am honoured to be the pioneer chairperson of the ICAN-FIRS chapter, and I assure you that we will contribute actively to the advancement of the accounting profession and revenue collection for national development,” she said.

Onyia also promised to create opportunities for professional growth by ensuring that members have access to resources that will enable them to excel in an ever-changing financial environment.

Other officers of the chapter include Mrs. Adenike Adegoke (Vice-Chairperson), Abdurauf Aderemi (General Secretary), Mrs. Patricia Ofili (Treasurer), and Mr. Aduka Borr (Publicity Secretary), among others.

 

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FG Declares April 18, 21 Public Holidays for Easter Celebration

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The Minister of Interior, Dr. Olubunmi Tunji-Ojo

The Federal Government has declared Friday, 18 April and Monday, 21 April 2025 as public holidays to mark Good Friday and Easter Monday celebrations across the country.

This was announced in a statement issued on Tuesday by the Permanent Secretary of the Ministry of Interior, Dr Magdalene Ajani, on behalf of the Minister of Interior, Dr Olubunmi Tunji-Ojo.

“Announcing this on behalf of the Federal Government, the Minister of Interior, Dr Olubunmi Tunji-Ojo extended heartfelt congratulations to Christians across the country on this joyous occasion,” the statement read.

The Minister emphasised the significance of Easter, urging Christians to reflect on the virtues of sacrifice, love, and selflessness exemplified by Jesus Christ, who laid down His life for the redemption of humanity.

Dr Tunji-Ojo also encouraged Nigerians to use the holiday period to offer prayers for peace, unity, and stability in the country. He reaffirmed the commitment of President Bola Ahmed Tinubu’s administration to the Renewed Hope Agenda, aimed at driving national growth and development.

In his message, the Minister called on citizens to extend love and goodwill to their neighbours through acts of kindness and generosity, embodying the spirit of Easter.

He concluded by wishing Christians a blissful Easter celebration and extended warm holiday greetings to all Nigerians.

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Pandemonium as Irate Investors Storm CBEX Office in Ibadan

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There was pandemonium on Tuesday at the Ibadan outlet of CBEX, a digital trading asset firm, as angry investors stormed the premises in protest, vandalising property and looting valuables.

The unrest, which occurred in the Oyo State capital, was triggered by reports that investors had been unable to access or withdraw funds from their accounts on the platform for several days. Matters escalated when many of them reportedly discovered that their investments had completely vanished.

The protest, initially peaceful, quickly degenerated into violence, resulting in looting and physical assaults on some staff members of the firm. Witnesses say the situation became uncontrollable as emotions flared and the aggrieved investors accused the company of operating a Ponzi scheme.

The affected investors were said to cut across various walks of life, including artisans, traders, and civil servants, all of whom had put their trust—and money—into the digital trading venture.

It took the intervention of security operatives to restore calm and disperse the rampaging crowd. Officers have since cordoned off the building and maintained a presence overnight to forestall further breakdown of law and order.

As of Wednesday morning, normalcy had returned to the area. Vehicular and pedestrian movement has resumed, with business activities gradually picking up.

Authorities are yet to issue an official statement on the matter, but concerned stakeholders are calling for a thorough investigation into the operations of CBEX to protect future investors from similar occurrences.

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Pandemonium as Irate Investors Storm CBEX Office in Ibadan

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on

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There was pandemonium on Tuesday at the Ibadan outlet of CBEX, a digital trading asset firm, as angry investors stormed the premises in protest, vandalising property and looting valuables.

The unrest, which occurred in the Oyo State capital, was triggered by reports that investors had been unable to access or withdraw funds from their accounts on the platform for several days. Matters escalated when many of them reportedly discovered that their investments had completely vanished.

The protest, initially peaceful, quickly degenerated into violence, resulting in looting and physical assaults on some staff members of the firm. Witnesses say the situation became uncontrollable as emotions flared and the aggrieved investors accused the company of operating a Ponzi scheme.

The affected investors were said to cut across various walks of life, including artisans, traders, and civil servants, all of whom had put their trust—and money—into the digital trading venture.

It took the intervention of security operatives to restore calm and disperse the rampaging crowd. Officers have since cordoned off the building and maintained a presence overnight to forestall further breakdown of law and order.

As of Wednesday morning, normalcy had returned to the area. Vehicular and pedestrian movement has resumed, with business activities gradually picking up.

Authorities are yet to issue an official statement on the matter, but concerned stakeholders are calling for a thorough investigation into the operations of CBEX to protect future investors from similar occurrences.

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