The Institute of chartered Accountant of Nigeria (ICAN) has appealed to the Central Bank of Nigeria (CBN) to have a second look at the proposed introduction of N5, 000.00 note as it would lead to inflation and hinder the cashless policy being currently pursued by the Federal Government.
The National President of ICAN, Mr. Adedoyin Owolabi made appeal in an interview shortly after paying a courtesy call on the Ogun State governor, Ibikunle Amosun in Abeokuta.
Mr. Owolabi advised the apex bank to shelve the idea as it would further encourage people moving around with large sum of money and would also result to inflation.
He also said that the Institute is planning to sponsor Whistleblower’s Protection Bill at the National Assembly as part of its contributions to promote best practices in corporate governance and rid the society of corrupt and sharp practices which had accounted for the unacceptable rising misery index of the citizenry.
Mr. Owolabi lauded Governor Amosun’s administration for its accomplishments in governance and commitment to the common goal of the people of the State.
Responding, the State governor, Ibikunle Amosun said that the nation public service now requires more professionals to institutionalize various policies and programmes of government to meet the yearnings of the populace.
Saying that ICAN members serving in the state public service had distinguished themselves by being thorough professionals who imbibed the institute’s ethics of dedication, diligence and transparency.
He seized the opportunity to canvass for support of all and sundry for the passage of the Whistleblower’s Protection Bill, saying it would help to attest to the transparent leadership style of his administration.
