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Nigeria’s First Indigenous Chartered Accountant, Akintola Williams, Dies At 104

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Nigeria’s First Indigenous Chartered Accountant, Akintola Williams, Dies At 104

 

By Muhammad Ali on Sept. 11, 2023

 

Nigeria’s first indigenous chartered accountant, Akintola Williams, is dead.

The doyen of accounting died at the age of 104.

 

According to a source, who does not want to be mentioned, Williams died at his house in Lagos, on Monday (today).

 

The graduate of accounting at the University of London was born in 1919.

 

Pa Williams is reputedly the first Sub-Saharan African to become a chartered accountant after he passed the qualifying examination of the Institute of Chartered Accountants of England and Wales (ICAEW) in 1949.

 

The icon played a leading role in the development of the accountancy profession in the country by facilitating the establishment of the Association of Accountants in Nigeria, which metamorphosed into the Institute of Chartered Accountants of Nigeria (ICAN).

 

He went on to become a founding member of ICAN and was also involved in establishing the Nigerian Stock Exchange, now the Nigerian Exchange Group.

 

A seasoned administrator, Williams was an outstanding accountant, management consultant, and serial entrepreneur in his active working days.

 

After his early education in Nigeria, Williams obtained a Bachelor of Commerce Degree (majoring in Banking and Finance) from the University of London in 1946 before he qualified as a Chartered Accountant in England.

 

He worked with the Inland Revenue as an assessment officer from 1950 to 1952, when he left the civil service and founded Akintola Williams & Co., the first indigenous firm of chartered accountants in Africa (now Deloitte & Touche Nigeria).

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Breaking: Governor Yusuf Reshuffles Cabinet

Governor Abba Kabir Yusuf of Kano state has reshuffled his cabinet. The spokesperson to the Governor Sanusi Bature Dawakin Tofa stated this on his verified Facebook page .

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Tax reform: Coalition of Northern Groups advocates for equitable tax system

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The Coalition of Northern Groups (CNG), a youth organisation, has called for a more equitable tax system in Nigeria, urging policymakers to implement reforms that will ensure fairness across all regions.

The group’s Kano State Coordinator, Mr. Sani Yusuf, made the call during a news conference on Friday in Kano.

Yusuf expressed concern that the proposed reforms, if implemented in their current form, would have severe and disproportionate consequences for Kano State, its institutions, and its people.

“Our position is based on key observations that directly impact Kano’s economic, educational, and technological sectors. Immediate attention must be given to these issues,” Yusuf said.

According to him, contentious aspect of the tax reforms is the introduction of a 60 percent derivation formula for VAT revenue allocation.

“In the absence of transparent data justifying this shift, it is unclear how states like Kano, where consumption is high, will be affected by the new system,” Yusuf said.

He further expressed concern about the lack of publicly available data detailing how these changes will impact each state, particularly Kano.

The coalition also urged the government to release this data and provide justification for the fairness of the new formula, especially if it is claimed that non-Lagos states, including Kano, would benefit.

He said that the troubling element of the reforms was the proposed incremental increase in VAT rates, potentially reaching 15 percent by 2030.

“In a country already grappling with high poverty levels and widespread economic hardship, any increase in VAT will only worsen the challenges faced by ordinary Nigerians.

“The coalition strongly opposes these proposed VAT hikes and we called on the government to explore alternative revenue sources that do not further burden the people of Kano and the rest of the country,” the coordinator said.

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Yusuf submits list of 6 commissioner-nominees to Kano Assembly

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Gov. Abba Kabir-Yusuf of Kano State has submitted a list of six commissioner-nominees to the House of Assembly for approval.

Speaker of the assembly, Alhaji Jibrin Falgore, announced this while reading a letter from the governor during Monday’s plenary.

The News Agency of Nigeria (NAN) reports that the nominees include: former Chief of Staff to the Governor, Shehu Sagagi, Dr Dahiru Hashim, Ibrahim Waiya, Dr Isma’il Dan- Maraya, Gaddafi Shehu and Abdulkadir AbdulSalam.

NAN also reports that the nominations followed the cabinet reshuffle announced by the governor last week which saw the office of chief of staff abolished and five commissioners removed.

The reshuffle also saw the Secretary to the State Government (SSG), Dr Baffa Bichi, relieved of his duties for health reasons.

The speaker directed the commissioner-nominees to appear before the assembly for screening on Tuesday at 10:00 a.m..

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