ICAN Increases Exemption For Five Tertiary Institutions

Under the Cooperation Agreement with Tertiary Institutions, the Institute of Chartered Accountants of Nigeria (ICAN) has increased exemption subjects for graduates of five tertiary institutions across the country.

The institutions are Bowen University, Igbinedion University, Al-Hikmah University, Benson Idahosa University and Federal Polytechnic, Ilaro.

This was revealed during the signing of a Mutual Cooperation Agreement between ICAN and the five tertiary institutions involved in Lagos on Wednesday.

The president of the Institute, Mazi Nnamdi Okwuadigbo, said, that the aim of ICAN’s MCATI is to increase the standards of learning and various methods of dissemination of knowledge of accounting in Nigerian tertiary institutions.


He said, “I encourage you to continue to raise the standards higher as we all collectively work at strengthening the human capital base in our country. Undoubtedly, today’s event is an endorsement of the quality of your institutions’ accounting department.

“Accounting graduates from your institutions will now study using the integrated ICAN/NUC/NBTE Approved Accounting Curriculum. Your accounting graduates would now be granted 11 subject exemptions as against seven subjects’ exemption under the normal ICAN accreditation scheme.”

Earlier this year, the Apex accounting body in Nigeria also increased the exemption of some tertiary institutions in Nigeria and also increased the examination diet from two per year to three starting from year 2020.