ICAN denies receiving funding from FG

By Biola Adebayo On Jun 30, 2023

ICAN, Budget Office, Funding, Ahmed M. Kumshe, Ben Akabueze — ICAN

The Institute of Chartered Accountant of Nigeria (ICAN) has denied receiving funding from the Federal Government or any organization.

SOLACEBASE reports that the Director General of the Budget Office, during the week announced that the federal government has stopped funding some professional organisations and released the lists.

This was contained in a statement issued by ICAN Registrar/ Chief Executive Officer, Prof. Ahmed M. Kumshe, on Thursday.

ICAN in the statement said,’’ The attention of the The Institute of Chartered Accountant of Nigeria (ICAN) has been drawn to a publication in the media on the recent pronouncement by the Director General of the Budget Office, on the discontinuation of funding of professional bodies and councils in Nigeria from 2026, in line with the decision of the presidential committee on salaries.’’

‘’In reporting the pronouncement, The Nation Newspapers in its online publication on June 29, quoted ICAN as one of the bodies who receive funding from the Federal Government.’’

‘’We wish to state categorically that ICAN does not receive funding from the government or any other organization . Our institute is funded through our members subscriptions and other incomes from our partnerships with well meaning organisations in Nigeria.

‘’We therefore call on The Nation Newspaper to withdraw this story and report the correct information provided by the circular issued from the Budget office of the federation and signed by the Director General, Mr. Ben Akabueze.’’