ICAN Launches Accountability Index to Curtail Public Fund Mismanagement


By Ndubuisi Francis in Abuja

The Institute of Chartered Accountants of Nigeria (ICAN) has launched the maiden report of its Accountability Index (AI) — a first-of-its kind framework in Nigeria for improving the process of assessing public finance management and public governance practices across the three tiers of the nation’s public sector.

The AI is designed to ensure that citizens demand and get feedback from public officers on how public funds are spent.

Speaking during the AI launch in Abuja, Wednesday at the ongoing 48th Annual Accountants’ Conference, the ICAN President, Alhaji Rasak Jaiyeola, said the framework was designed to address the declining transparency in public finance management.

The initiative, he said, will improve the quality of governance in the country and tackle corruption in the public sector.

AI is anchored on…

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