Chartered Institute of Taxation of Nigeria

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Chartered Institute of Taxation of Nigeria
AbbreviationCITN
FormationFebruary 1, 1982; 42 years ago (1982-02-01)
HeadquartersAlausa Ikeja, Lagos, Nigeria
Region
Nigeria
Official language
English
President
Adesina Adedayo, mni, FCTI
Vice President
Samuel Olusola Agbeluyi
Websitewww.citn.org

The Chartered Institute of Taxation of Nigeria (CITN) is a professional organization in Nigeria whose members are certified as qualified tax practitioners or administrators.[1]

Organization[edit]

The CITN was formed in February 1982 and chartered by the Federal Government of Nigeria by the enabling Act No. 76 of 1992.[1] Members of the institute may be Accounting, Legal or other professionals who have obtained the relevant tax expertise. The institute provides training and conducts examinations to determine eligibility.[2] The CITN offers an Advanced Diploma in International Taxation to CITN members who work in international tax.[3] The CITN has been criticized for not providing enough training to members at subsidized rates.[4]

Affiliations[edit]

The CITN cooperates with the United Kingdom-based Chartered Institute of Taxation.[3] CITN is also affiliated with the South African Institute of Tax Practitioners and the West African Union of Tax Institutes.[5][6] The CITN has a working relationship with the Association of National Accountants of Nigeria (ANAN) to promote XBRL recommendations and specifications in Nigeria.[7] The CITN is a member of the Financial Reporting Council of Nigeria.[8] The CITN is also a member of the International Tax Directors Forum (ITDF) and the Association of African Tax Institutes (AATI).

Council Members (2021/2022)[edit]

Council members of 2021/2022:[9]

  • President – Adesina Isaac Adedayo FCTI
  • Vice President – Samuel Olushola AGBELUYI FCTI
  • Deputy Vice President – Innocent Chinyere OHAGWA FCTI
  • Honorary Treasurer – Simon Nwanmaghyi Kato FCTI
  • Immediate Past President – Dame Gladys Olajumoke Simplice, FCTI
  • Exco Member – Dr. Justina Adaku Okoror FCTI
  • Members: Dr. Titilayo Eni-Itan Fowokan FCTI, Prof. Godwin Emmanuel Oyedokun FCTI, Kolawole Ezekiel Babarinde FCTI, Ruth Oluwabamike Arokoyo FCTI, Cecilia Odefenare Odibo FCTI, Taopheeq Ade-Tunde Oretuga FCTI, Isola Olurotimi Akingabde FCTI, Sheriff Adeyemi Sanni FCTI, Emeke Monday Nwabuzor FCTI
  • Representing CITN in the House of Representatives – The Honourable Mahuta Babangida Ibrahim FCTI
  • Representing the Executive Chairman of Federal Inland Revenue Service – Abba Kabir FCTI
  • Representative of Tertiary Education (Universities) – Prof. Mohammad Akaro Mainoma FCTI
  • Representative of Tertiary Education (Polytechnics) – Adamu Bello Lawal ACTI
  • Representatives of Joint Tax Board: Aminu Darabati Abdulmumin FCTI and Monday John Onyeme FCTI
  • Representative of Federal Ministry of Finance – Hajia Fatima Z. Hayatu
  • Representative of Federal Ministry of Education – Adegboye Adebayo ACTI
  • Representative of North-Eastern Region – Ali Manga Bulama FCTI
  • Legal Advisors: Chukwuemeka Eze FCTI, Abiodun A. Olatunji SAN ACTI, Layi Babatunde SAN FCTI, Charles Amajuoritse Ajuyah SAN ACTI, Prof. Abdulmumini Bala Ahmed ACTI

In the news[edit]

In March 2011, Prince Rasaq Adekunle Quadri, former President of the CITN, was elected the first President of the West African Union of Tax Institutes (WAUTI). WAUTI is the umbrella body of tax Institutes in the region.[10] In May 2011, Sebastian Owuama, President of Institute of Chartered Accountants of Nigeria, attended the annual tax conference of the CITN in Abuja where he called for an end to the squabble between ICAN and the CITN.[11] In June 2011, Sunday Jegede, president of the CITN, was elected first President of the Association of African Tax Institutes (AATI). The AATI was formally inaugurated in South Africa in October 2011 during the Annual Tax Conference of the South Africa Institute of Taxation.[12]

References[edit]

  1. ^ a b "About The Institute". Chartered Institute of Taxation of Nigeria. Retrieved 2011-06-01.
  2. ^ "Chartered Institute of Taxation of Nigeria (CITN)". Gusau Business School. Archived from the original on 2011-05-22. Retrieved 2011-06-01.
  3. ^ a b "President of the Chartered Institute of Taxation of Nigeria visits CIOT". Chartered Institute of Taxation. Archived from the original on 2011-09-27. Retrieved 2011-06-01.
  4. ^ IHEANYI NWACHUKWU (19 May 2011). "ICAN, CITN agree to down divide". Business Day (Nigeria). Archived from the original on 28 September 2011. Retrieved 2011-05-30.
  5. ^ "International Partners". South African Institute of Tax Practitioners. Retrieved 2011-06-04.
  6. ^ "Inauguration of West African Union of Tax Institutes". WAUTI. Archived from the original on 2012-03-24. Retrieved 2011-06-04.
  7. ^ "Nigeria". xbrlplanet. Retrieved 2011-06-04.
  8. ^ "Member Bodies". NASB. Archived from the original on 2011-09-28. Retrieved 2011-06-05.
  9. ^ "Council & Officers". The Chartered Institute of Taxation of Nigeria. Archived from the original on 30 September 2021. Retrieved 30 September 2021.
  10. ^ "CITN IMMEDIATE PAST PRESIDENT BECOMES FIRST WAUTI PRESIDENT". CITN. 2011-03-16. Retrieved 2011-06-04.
  11. ^ IHEANYI NWACHUKWU (19 May 2011). "ICAN, CITN agree to down divide". Business Day (Nigeria). Archived from the original on 28 September 2011. Retrieved 2011-06-01.
  12. ^ Collins Nweze (2011-06-29). "CITN networks with global tax institutes". The Nation (Nigeria). Archived from the original on 2012-03-23. Retrieved 2011-06-29.
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