The new 5-storey office complex was commissioned by the Executive Governor of Ogun State, Senator Ibikunle Amosun, FCA on Friday, February 24, 2012.
A press release this morning by Dayo Ajigbotosho,assisitant director corporate affair said this idea of erecting the multi-million naira office was brought about by the expansion of the activities of the Institute and the need for ICAN members and other stakeholders to conduct their businesses in a modern and conducive working environment. It was also aimed at boosting business activities of the Institute as well as serving as a one stop station for students and the general public. The foundation stone for the building was laid on October 8, 2008 by Chief (Dr.) Anthony Asuquo Ani, FCA, the 12th President of the Institute (1977/78).
Prior to the renovation and expansion of the building to a five-storey, it was a storey building annex office where students and members transact business and get information without having to go to the Corporate Head Office at 16, Idowu Taylor Street, Victoria Island, Lagos. However, to allow the renovation and expansion to commence, the annex office was on Monday, October 13, 2008 relocated to 25, Association Avenue, Ilupeju.
The new office complex accommodates the following departments of the Institute: Student Affairs, Professional Examinations, ATSWA Examinations, Administration/Human Resources, Internal Audit, Finance, Research & Technical, Members Education & Training, Library, Information Technology and ICAN Faculties. It also has multi-purpose conference rooms, a massive car park that can accommodate about 100 cars.
ICAN, established by the Act of Parliament Number 15 of 1965, is empowered to set standards of knowledge and skill to be attained by persons wishing to become members of the accountancy profession. The Institute, which is the only Nigerian member of International Federation of Accountants (IFAC), has over 30,000 members and over 120,000 students on its registers and conducts examinations twice in a year. Its vision is to be a leading global professional body while its mission is to produce world-class Chartered Accountants, regulate and continuously enhance their ethical standards and technical competence in the public interest.
Since its inception and in line with its accuracy and integrity motto, ICAN examinations have been conducted without any leakage. Established about forty six years ago by the Act of Parliament No. 15 of 1965, ICAN has been the foremost professional Institute in Nigeria, producing world-class professionals, making remarkable contributions to the nation’s development through its strict maintenance of high standards and regulation
of the Accountancy Profession. In line with the provisions of the umbrella association for accountancy bodies all over the world, IFAC’s Statement of Membership Obligation (SMO), the Institute raises its standards from time to time.