There was serious disagreement yesterday, at the National Assembly, among stakeholders, at a public hearing on the bill for an Act to amend the Institute of Chartered Accountants of Nigeria (ICAN), Act No. 15 of 1965 and for Other Matters Connected Thereto.

The public hearing was organised by the Senate Committee on Establishment and Public Services, at the Senate Wing of the nation’s apex legislative complex. Stakeholders like the Chartered Institute of Taxation (CITN), the Association of Nigeria Taxation Students (ANTAS), the Chartered Institute of Treasury Management of (CITM) and the Nigeria Deposit insurance Corporation (NDIC) objected to some amendments proposed on some sections of the Act.

The accused the ICAN of using the amendments to take over their professions, rejecting the perceived offensive proposals, and insisting that each professional body should stay within its boundary of operation. The 16th President of the CITN, Samuel Agbeluyi, said the opinion was the same among all the stakeholders that came except ICAN.

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