CITN inducts 1,035 new members
THE Chartered Institute of Taxation of Nigeria (CITN) has urged its newly inducted members to comply with the ethics guiding its profession that in turn would contribute practically to the growth of the nation.
Speaking at the 33rd induction ceremony at the weekend in Lagos, CITN’s President/Chairman of Council, Dr. Olateju Abiola Somorin, said the institute, as a professional body, does not condone any form of unprofessional behaviour or unethical practice among its members.
According to her, members owe themselves a duty to be truthful, professional and responsible in their dealings with clients and general public, stressing that there are existing structures in place to deal with erring members.
She noted that CITN had been engaging in strong advocacy of sensitising its various stakeholders on the need for good tax compliance and transparency by both taxpayers and government respectively.
The institute on its part recognises the need for continuous provision of a strong manpower base for the tax system and shall contribute its fair share in this regard.
Speaking further, she stated that, in order to ensure that members adhere to standards and regulations of good tax practice, CITN have set up an investigating panel, which is empowered by the charter to investigate cases of professional misconduct as they affect members.
“Any members found guilty by the tribunal will be sanctions which includes delisting names of erring members from members’ register, which may permanently prevent the affected person from practicing taxation,” she sated.
Somorin also called on government and all stakeholders to meaningfully contribute to the development of Nigerian tax system through CITN.
“Our institute through the works of the faculties will continue to offer our professional thoughts and opinions to the government on economic and fiscal policies of government,” she said.
In his keynote address, special guest speaker, the Vice Chancellor, Nasarawa State University, Professor Muhammed Akaro Mainoma, charged the inductees to be guided by the ethics of the profession as part of measures to be successful and overcome challenges associated with business operations, corporate institutions, social and economic environment of work.
“To become a successful professional, members must embrace a positive attitude, members must show appreciation of practice, members must have the idea of I can do and take your profession seriously,” he said.
Mainoma urged the new members to help the institute sustains its progress, adding that no institute is better than its members.