The Institute of Chartered Accountants of Nigeria (ICAN) and the New Nigeria Development Company (NNDC) Limited will be signing a new agreement to further their partnership toward raising the quality of accounting education in the Northern part of the country through the ICAN Students Special Project (SSP).
The signing ceremony, which will take place at the NNDC board room, Ahmed Talib House, Kaduna at 10am on Friday, December 19, 2014, will be performed by the ICAN Golden Jubilee president, Chidi Ajaegbu, and the NNDC group managing director/CEO, Ahmed M. Muhammed.
The SSP was introduced to NNDC by ICAN in 2006, and both parties entered into a memorandum of understanding (MoU), which led to the immediate establishment of three ICAN/NNDC study centres, namely, NNDC/ICAN Study Centre Kaduna established Kaduna State in November 2007; NNDC/ICAN Study Centre Kano established in Kano State in May 2008; and NNDC/ICAN Study Centre Ilorin established in Kwara State in November 2008.
Since inception of the project to May 2014 diet of ICAN examination, the three centres have produced a total of 539 chartered accountants broken down as follows: ICAN/NNDC Study Centre, Kaduna – 211; ICAN/NNDC Study Centre, Kano – 191, and ICAN/NNDC Study Centre, Ilorin – 137.
Under the enhanced agreement, which comes into immediate effect after the signing on Friday, the NNDC/ICAN study centre, which took off in three states about seven years ago, will be expanded to all the 19 states in an attempt to address the lopsided nature of students’ enrolment and poor performance in accounting examinations in the area.
