Corporate Governance: FRC, CAC, NILDS Chiefs awarded ICSAN Fellowship

The Executive Secretary/Chief Executive of Financial Reporting Council of Nigeria (FRC), Dr. Rabiu Olowo, has been conferred with the honorary fellowship of the Institute of Chartered Secretaries of Nigeria (ICSAN). He was conferred alongside other personalities during the institute’s 48th Annual Conference, Dinner and Awards in Lagos. The President and Chairman of Governing Council of […]

The Executive Secretary/Chief Executive of Financial Reporting Council of Nigeria (FRC), Dr. Rabiu Olowo, has been conferred with the honorary fellowship of the Institute of Chartered Secretaries of Nigeria (ICSAN).

He was conferred alongside other personalities during the institute’s 48th Annual Conference, Dinner and Awards in Lagos.

The President and Chairman of Governing Council of ICSAN, Mrs. Funmi Ekundayo (FCIS), said Olowo “is a corporate reporting and public finance leader adept with developing and implementing corporate governance across private and public institutions.”

Other awardees are Registrar General/Chief Executive Officer of Corporate Affairs Commission (CAC), Mr. Hussaini Ishaq Magaji, (SAN) and the Director General of National Institute for Legislative and Democratic Studies (NILDS), Professor Abubakar O. Sulaiman.

Ekundayo explained that the conferment of the 2024 honorary fellowship of the institute to the three eminent Nigerians, who are topnotch administrators and accomplished governance professionals, underscored the highly restrictive nature of conferring ISCAN’s fellowship on only those Nigerians who have truly distinguished themselves in good corporate governance practices.

She said that the honorary fellowship award of ICSAN was institutionalised in 2016 during the commemoration of the institute’s 50th anniversary and has been previously conferred to only 15 eminent Nigerians, which positioned it as a highly competitive and coveted category.

She said: “In further sustenance of our tradition, we are also this year giving out some ICSAN awards for excellence in corporate governance.

“This year the ICSAN award for corporate governance in corporate category goes to none other than highly deserving Nigeria who co-incidentally is a past president of the institute, Dr. Nosike Agokei (FCIS), a management and corporate governance consultant and adviser to a number of blue ship organisations.”

Speaking during the occasion, the Chairman of MTN Nigeria Communications Plc. Dr. Ernest Ndukwe, stressed the need for the continued promotion of corporate and public governance culture in the country until the Nigeria that would make its citizens and professionals proud is achieved.

Ndukwe also disclosed that the Centre for Public Sector Governance would be launched in November in furtherance of the promotion of governance culture in the country.

He said: “There was an event organised by the Society of Corporate Governance of Nigeria. At that event, we all decided that perhaps the problem is no longer with corporate governance because the private sector people have done very well in this area, including ISCAN.

“But there is a lot to be done in public sector governance. Therefore, I am one of those that have championed a new organisation called Centre for Public Sector Governance, which we are going to launch in November this year. The idea is to see what we can do to improve governance in the public sector.”