HOW ACCOUNTANTS CAN BOOST CORPORATE GOVERNANCE

REMARKS BY BASHORUN ASKIA OGIEH, FCNA, CrFA, MANAGING DIRECTOR/CHIEF EXECUTIVE OFFICER, DELTA STATE OIL PRODUCING AREAS DEVELOPMENT COMMISSION (DESOPADEC), AS SPECIAL GUEST OF HONOUR, AT THE COMMISSIONING OF

DAME ONOME JOY ADEWUYI ICAN RESOURCE CENTRE, WARRI, DELTA STATE, MAY 20, 2021

I am immensely elated to be with you today at this special event. It is special to me and to every Deltan here, but more importantly and if I may crave a special privilege as Guest of Honour here, our Daughter beholden from the Isoko Nation.

To call her a Sister in the Accountancy profession is a privilege since this will encourage our girl children to emulate a model of excellence. I have a short time to say what I have to say, so my encomiums should be permitted and limited, if I just let all of us know that she has been universally acknowledged as a top gun in the financial world.

The path to rising to the apogee of Accountancy and becoming the national President of a national body is not exactly decorated with roses. That she is today the National President of the Institute of Chartered Accountants of Nigeria (ICAN) is an attestation of an unblemished career. And it is only one schooled in the dynamics of excellence that will be driven to set up a Centre of Excellence for impacting the knowledge in moulding a new generation of Accountants.

If you permit me, and I think you should, because I belong, I can confidently say our profession is all about Corporate Governance. Dame Onome Adewuyi has added value to corporate governance, by her attainments in the financial world, to standards craved all over the world.

The conception and completion of this Resource Centre, by Dame Onome Adewuyi, could not have come at a better time. Her name will be written largely in the annals of ICAN. And we at the Delta State Oil Producing Areas Development Commission (DESOPADEC) can modestly attest that we played a part in this laudable project of ensuring that aspiring Accountants have access to a professional and well-developed research center as this one we are inaugurating today. You should permit me if I do not elaborate on our level of cooperation. Thank you.

One of the issues that have remained intractable is evolving a fool-proof accounting system in the public sector. The truth is that no matter the depth of commitment any government may espouse to curb corruption and wastage in the conduct of governance, only a system that reduces the human element in the management of public funds and public procurement will effectively check corrupt tendencies. The system I am talking about here is effective Corporate Governance, which must always have the inputs of professional accountants.

We need to adopt strategies that will reduce the human element in the accounting process. When every critical stage in the management of public finance is automated through the adoption of new technologies and processes, the resultant insulation of the system to manipulation by the human element will effectively curb the corruption of the management of public funds.

I urge this distinguished Institute to use the Dame Onome Joy Adewuyi ICAN Resource Centre and similar centres elsewhere to drive the introduction of a new order in accountancy. At the Delta State Oil Producing Areas Development Commission (DESOPADEC) where I have the privilege of being the Managing Director, we are committed to improving the fund management system and ensuring that the people get value for the resources deployed by this intervention agency. In this venture, we will be delighted to always collaborate with the esteemed ICAN.

Once again, I thank you for the privilege of being in your midst as the Guest of Honour on this special occasion. More importantly, I thank you all for honouring this amazon of a Sister.

God bless you all.

Bashorun Askia Ogieh, FCNA, CrFA

Managing Director/CEO

Delta State Oil Producing Areas Development Commission (DESOPADEC)
May 20, 2021

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