ICAN charges FG on jobs creation, recession, others

President of the Institute of Chartered Accounts of Nigeria (ICAN), Deacon Titus Alao Soetan has called on government to spend money on  generating employment which he said will increase people’s purchasing power for the country to overcome recession.

The President of the Institute of Chartered Accounts of Nigeria (ICAN), Deacon Titus Alao Soetan has called on government to spend money on  generating employment which he said will increase people’s purchasing power for the country to overcome recession.

He made this known in an interview with The Guardian in Uyo, the Akwa Ibom State capital during his three-day official visit to the state.Soetan, who said he was in Akwa Ibom to see how ICAN members were faring and how they can contribute their quota towards the development of the state where they work either in the private sector or civil service, maintained that all hands must be on deck for the country to get out of recession.

He however advised that if more money was injected into the system without blocking leakages, government efforts would be futile.“I believe a journey took us into this recession. It was a process and a process will take us out. The government has started; it is not for the government to say it will not spend money during recession. Government should spend money on generating employment that will improve people’s purchasing power, which will bring us out of recession. But all hands must be on deck because if we have more money than we had and leakages are still there, we are not going anywhere.

“Government must check leakages and be bold. There should be provision of infrastructure .Power supply is still epileptic in this country and that had impeded the growth of SMEs,” he said.

On the fight against corruption, Soetan called on the people to imbibe the culture of right values adding that the fight against corruption was a big one in which every individual has a role to play.

“At the family level what are the values we teach and preach to our children? When we talk about corruption, those involved in corrupt practices belong to families. I believe right values and good morals should be taught in churches, schools and homes which will go a long way in helping to fight corruption.

“All hands must be on deck in fighting corruption because government can make laws whereas people go about violating the laws. The government should be focused in fighting corruption and should avoid any distractions.

Everybody has role to play because if the country is good, it is good for us all and vice versa. The good countries that we run to were made by people. They obey laws in those countries. We should have the interest of the country at heart. Our priority as loyal citizens is to always think and do what will move the country forward, especially when you are in position,” he added.

Soetan however, pointed out that ICAN has rules and regulations to checkmate and punish any member found guilty of any corrupt practices. His words: “ICAN operates in the larger society but we have rules and regulations. We have ways of sanctioning our members. If any member is reported to have engage in professional misconduct, we have panels  and if there is a case  established against them, such persons will go through our disciplinary and if found guilty, they are sanctioned.”

That includes withdrawal of their certificates to the extent that they cannot practise accounting for life.”



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