ICAN commends ESUT for prudent financial mgt, completion of abandoned projects

ENUGU—The Institute of Chartered Accountants of Nigeria, ICAN, Tuesday, commended ESUT Management led by the Vice Chancellor, Professor Aloysius-Michaels Okolie, for prudent management of financial resources of the University.

Speaking during a courtesy call on the ESUT Management at the Vice Chancellor’s Office at Agbani, the President of ICAN, Dr. Innocent Okwuosa, who led the national and Enugu state ICAN officials to the university equally commended the Vice Chancellor for completion of abandoned projects in the University and prompt release of students’ certificates upon graduation.

Dr. Okwuosa, also noted that ESUT has made giant strides in other areas of administration of the University since inception of the new Management, stressing that ICAN visited the University to inaugurate the Agbani District Society of ICAN with Prof. Uche Onyekwelu, ( Head of Department of Accountancy, ESUT) as the pioneer chairman.

“The Vice Chancellor has been diligent in following up and completing many abandoned projects in the University. He has also been diligent in ensuring that once students complete their academic programmes, they get their certificates. This is no mean achievement because the processes of getting certificates in some institutions is difficult, which sometimes, make candidates, especially those who want to study overseas to miss their admissions.

“We are also aware of the fact that the Vice Chancellor has done very well with being prudent with financial management. This is what our Institute preaches through our accountability index. We have also noted the fact that the Vice Chancellor is making efforts to return the University into actually being a University of science and technology,” he said.

The ICAN president also said that the Institute introduced ICAN Accountancy Challenge to deepen intellectual capacity of students studying Accountancy in ICAN accredited tertiary institutions, adding that students who get 1st positions in the challenge would be encouraged with N1,000,000, while the 2nd and 3rd positions would get N500,000, and N300,000 respectively.

While encouraging ESUT Management to avail their students for this challenge, he equally announced that the Institute has commissioned research in which faculties that scale through receive up to N2.5 million for cutting-edge research endeavours, adding that the Institute equally supports their Professorial inaugural lecturers with the sum of N1,000,000.

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In his response, the Vice Chancellor of ESUT, Professor Okolie, while thanking the Institute for considering ESUT as one their branches, said that the Management of the University has made it compulsory for all the academic staff to belong to their professional bodies.

Prof. Okolie who was represented by his Deputy, Prof. Chike Nwoha, lauded ICAN for being in the forefront in the fight for prudent financial management in Nigeria.

He also thanked the Institute for choosing ESUT staff, Prof. Onyekwelu, as the pioneer chairman of ICAN, Agbani District Society.

In his vote of thanks, the ESUT Registrar, Ambrose Ugwu, lauded ICAN for their doggedness in promoting financial prudence in Nigeria.

He also said that ESUT has digitized its records to ensure that graduands get their transcripts effortlessly, adding that the University would be the most sought after tertiary institution in Nigeria given the nature of research and innovative breakthroughs and seamless academic programmes in the University.