September 1, 1961.
On this day, the Premier of Eastern Nigeria and leader of the NCNC, Dr. M. I. Okpara, in Umuahia, suggested four solutions to the current dispute at the time, between the Action Group government in Western Nigeria and the NCNC Opposition party.
The solutions as suggested by him were:
* Complete abolition of the system of Customary Courts in Western Nigeria.
* Complete integration of the Western Nigeria Local Government Police with the Nigeria Police or the total abolition of the Local Government Police.
* The setting up of an impartial bi-party Tax Assessment Committee throughout the Region, and,
* The handing over of control of the Akure District Council to the NCNC as was decided by the electorate.
Dr. Okpara said that Chief S. L. Akintola was not right to describe his injunction to his partymen in Western Nigeria as irresponsible. He asked, “Can the Western Premier pretend to be ignorant of the fact that no member of the NCNC is safe in his Region today and none can get justice in his customary courts?” He said he regretted that Chief Akintola had descended so low to attack his person in an effort to convert the serious situation in his Region, which was a direct result of the excesses of his party in Western Nigeria into a personal quarrel between them.
Dr. Okpara said that Chief Akintola had now become so insensitive to political excesses that rather than apologise for his government’s raping of democracy in Akure, he had proceeded to defend the indefensible and had even called the events there “democracy”.
The Premier pointed out that specific allegations of arbitrary taxation supported by receipts and other documents had not been answered, nor had Chief Akintola’s amateurish attempt to confuse issues by quoting statistics answered one single charge.
He expressed the hope that Chief Akintola would be satisfied with his points and allow the nation to judge for themselves as to which of them wanted to secede from the Federation following Chief Akintola’s allegations.
SEPTEMBER 1, 1965
On this day, the Institute of Chartered Accountants of Nigeria (ICAN) was established, by Act of Parliament No. 15 of 1965. The Institute of Chartered Accountants of Nigeria (ICAN), was formally known as Association of Accountants of Nigeria (AAN), which was formed in 1960 with the goal of training accountants, and had Chief Akintola Williams, who played a leading role in its establishment, as its Pioneer President, between 1960-1962. The name was changed on September 1, 1965, under the leadership of Frank Cuthbert Oladipo Coker, to Institute of Chartered Accountants of Nigeria, ICAN.
The purpose of the establishment of the Institute is to: (i) determine what standards of knowledge and skill are to be attained by persons seeking to become members of the accountancy profession and to raise those standards from time to time as circumstances may permit; (ii) secure in accordance with the provision of the Act, the establishment and maintenance of the registers of fellows, associates and registered accountants entitled to practise as accountants and auditors and to publish from time to time a list of those persons; (iii) perform, through the Council of the Institute, all other functions conferred on it by the Act.
ICAN is a mandatory membership institute and its members receive the title of Chartered Accountant or Associate Accounting Technician, upon fulfillment of education and certification requirements for either stream. The titles are protected under the ICAN Act.
ICAN is a founding member of Association of Accountancy Bodies in West Africa, IFAC, and Pan African Federation of Accountants.