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Institute Of Chartered Economists Of Nigeria (ICEN) by ayomi2003: 6:34pm On Jan 25, 2008
I want the nairaland users with vital information about ICEN to brief me about it. I want to know about its genuineness ant its universal acceptability in the labour market like ICAN. I want to know if it is highly recognised now in Nigeria. Somebody help me before I jump into it.
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by temitire(f): 1:52pm On Jan 28, 2008
i finished with a Bs.c in economics i think u should take your time before jumping into writing prof.nal exams In nigeria with are the disease called credentialism. Take your time look for other tings u cld lay ur hand on for now.
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by ayomi2003: 8:03pm On Jan 28, 2008
temitire, thanks so much for your contribution. I appreciate you, temitire, have you ever had about ICEN before?
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by hadey212(m): 9:21am On Feb 05, 2008
I have heard about the institute but i learnt they are fake and was just set up by a groupof people to make money. A previous group tried same some years back but fell into the EFCC net. I read Economics my self and was interested in it until i learnt they are fake and recognised. Get your information rigth before joing and loosing your hard earned money
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by tunrexdj(m): 1:22pm On Feb 07, 2008
Am an economist by training and i do know that this icen is a fake.
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by ayomi2003: 3:16pm On Feb 07, 2008
Thanks so much for your contributions. I really appreciate you all. Any other contribution is highly welcome
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by Creamish(f): 10:07pm On May 01, 2008
shocked shocked shocked are u guyz serious?. . . im actually supposed to have an interview with them on saturday. . i heard they have been registered. guyz. . r u serious? undecided
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by aigbehi(m): 1:53pm On May 06, 2008
The institute of chartered economists of nigeria is not fake.pls always try and get facts before you mail out information to the general public.if you need more facts and info on this, please reach me on 08033001612 ,oliver.cheers and best of luck
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by marosky(m): 11:53am On May 07, 2008
I av a B.Sc in economics and i know that economics cannot be professionalised.ICEN or whatever you call it is a lee way to mediocrity.It cannot and will not stand the test of time.Sorry to say it is for the focus less.If you are crazy about getting a professional qualification you can go for ICAN and if you want to be an Economist you can go and study Economics in the University.

1 Like

Re: Institute Of Chartered Economists Of Nigeria (ICEN) by ifeco1ay2: 1:18pm On Aug 12, 2008
HELLO NAIRALANDERS!
THE ISSUE OF THE INSTITUTE OF CHARTERED ECONOMISTS OF NIGERIA (ICEN) IS REAL AND I AM AN EXECUTIVE MEMBER WHO WILL GO FOR MY INDUCTION BY DECEMBER, 2008. SO PEOPLE WHO DO NOT KNOW ANYTHING ABOUT ICEN SHOULD NOT WRITE NONSENSE ABOUT THIS ICEN SINCE THEY FAIL TO MAKE INQUIRES ABOUT IT.
I READ ECONOMICS IN MY UNDERGRADUATE DAYS AND NOW A CHARTERED ECONOMISTS. EVERY THING STARTS IN ONE DAY AND ONE NEEDS TO BE FAST IN LIFE.
ECONOMICS IS NOW PROFESSIONALIZED TODAY AND EVERY DAY ONE NEED TO UPDATE HIM/HER SELF IN OTHER NOT TO BE LEFT OUT IN THIS GENERATION.
INFORMATION IS POWER JUST AS EDUCATION IS POWER TOO. YOU NEED TO HAVE A PROFESSIONAL CERTIFICATE THAT IS NOT TOO POPULAR SO THAT YOUR CV WILL ATTRACT EMPLOYERS. REMEMBER THAT ECONOMISTS ARE NEEDED IN MOST ORGANIZATIONS IN THE WORLD AT LARGE.
ONCE AGAIN, THE INSTITUTE OF CHARTERED ECONOMISTS OF NIGERIA (ICEN) IS REAL AND IT'S EXISTING VERY WELL IN NIGERIA. GO AHEAD AND GET YOUR SELF REGISTERED IF YOU WANT TO AND OBTAIN THE CERTIFICATE IF YOU ARE ABLE TO PASS THEIR EXAMINATIONS.
I AM IFECO! ifeco1a_y2k@yahoo.com
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by Mustay(m): 1:57pm On Aug 12, 2008
tunrex.dj:

Am an economist by training and i do know that this icen is a fake.

I saw an advert on THE GUARDIAN some weeks ago by ICEN concerning the dates for the exam.
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by sharpman1(m): 4:07pm On Aug 12, 2008
ifeco1a_y2:

HELLO NAIRALANDERS!
THE ISSUE OF THE INSTITUTE OF CHARTERED ECONOMISTS OF NIGERIA (ICEN) IS REAL AND I AM AN EXECUTIVE MEMBER WHO WILL GO FOR MY INDUCTION BY DECEMBER, 2008. SO PEOPLE WHO DO NOT KNOW ANYTHING ABOUT ICEN SHOULD NOT WRITE NONSENSE ABOUT THIS ICEN SINCE THEY FAIL TO MAKE INQUIRES ABOUT IT.
I READ ECONOMICS IN MY UNDERGRADUATE DAYS AND NOW A CHARTERED ECONOMISTS. EVERY THING STARTS IN ONE DAY AND ONE NEEDS TO BE FAST IN LIFE.
ECONOMICS IS NOW PROFESSIONALIZED TODAY AND EVERY DAY ONE NEED TO UPDATE HIM/HER SELF IN OTHER NOT TO BE LEFT OUT IN THIS GENERATION.
INFORMATION IS POWER JUST AS EDUCATION IS POWER TOO. YOU NEED TO HAVE A PROFESSIONAL CERTIFICATE THAT IS NOT TOO POPULAR SO THAT YOUR CV WILL ATTRACT EMPLOYERS. REMEMBER THAT ECONOMISTS ARE NEEDED IN MOST ORGANIZATIONS IN THE WORLD AT LARGE.
ONCE AGAIN, THE INSTITUTE OF CHARTERED ECONOMISTS OF NIGERIA (ICEN) IS REAL AND IT'S EXISTING VERY WELL IN NIGERIA. GO AHEAD AND GET YOUR SELF REGISTERED IF YOU WANT TO AND OBTAIN THE CERTIFICATE IF YOU ARE ABLE TO PASS THEIR EXAMINATIONS.
I AM IFECO! ifeco1a_y2k@yahoo.com


That you are a member of the so called INSTITUTE OF CHARTERED ECONOMISTS OF NIGERIA (ICEN) does not stop the body from being fake.

It IS NOT RECOGNISED and to date i have not seen any employer of labour requesting the qualification for any job or position.

Why don't you focus on more reputable qualifications rather than making some certain people rich because of your craze for paper qualifications.
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by Seun(m): 4:10pm On Aug 12, 2008
That you are a member of the so called INSTITUTE OF CHARTERED ECONOMISTS OF NIGERIA (ICEN) does not stop the body from being fake
Every "recognized" organization started out like ICEN. Let's just pray that ICEN certification doesn't become compulsory.
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by sharpman1(m): 4:24pm On Aug 12, 2008

Every "recognized" organization started out like ICEN. Let's just pray that ICEN certification doesn't become compulsory.

Not in this LIFETIME.

And when that eventually happens (if it will ever happen) you would be long gone.

So why waste your precious time?

1 Like

Re: Institute Of Chartered Economists Of Nigeria (ICEN) by kiwi992(m): 10:18pm On Aug 12, 2008
Friend,


Who granted your organisation the Royal Charter?  The Queen of England or some made up name simply because it sounds prestigious in the eyes of the un-initiated?

If so, could you please refer us to the source of the Royal Charter so we may verify it.  If not, how come you address yourselves as the 'Institute of Chartered Economists'?  Are you trying to mis-lead the education-hungry Nigerians or what? 

Same question goes to the so-called 'Chartered Financial Analysts' (CFA) body, which I believe originates from Hong Kong or similar.



kiwi992.
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by Mustay(m): 10:30pm On Aug 12, 2008
What relationship does ICAN have with the Queen?
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by kiwi992(m): 12:17am On Aug 13, 2008
Mate,


You asked the question :

What relationship does ICAN have with the Queen?

The answer is quite simple.  Just check-out the origins of the Institute of Chartered Accountants of Nigeria and you would find that:

1.  The founding members of the Institute of Chartered Accountants of Nigeria (ICAN) were Nigerian Accountants who originally qualified with the Institute of Chartered Accountants of  England and Wales (ICAEW) as well as the Institute of Chartered Accountants of Scotland (and possibly the Institute of Chartered Accountants of Ireland).

These guys came to the UK to train for those qualifications whilst working with chartered accountancy firms such as Spicer and Pegler, Price Waterhouse, Peat Marwick, Delloites, Arthur Andersen, and so on.   

The ICAEW and ICA of Scotland were granted Royal Charter circa 1880's by the King or Queen of England at that time.  The Association of Chartered Certified Accountants (ACCA) and the Chartered Institute of Management Accountants (CIMA) had their Royal Charter granted by the Queen in the eighties, if I'm not mistaken.

2.  In the end, these UK-qualified Chartered Accountants of Nigerian origin returned home and decided to form their own accountancy body - by calling it 'The Institute of Chartered Accountants of Nigeria' (ICAN).  This was exactly the same thing as done in India and Pakistan, all ex-British colonies.

Having formed their own accountancy body, they then sought to conduct their own exams as well, giving it the local Nigerian content in the subject areas of Taxation and Company Law (in particular).  In addition to this, they also sought to conduct their own full-fledged accountancy training and examination, as done by the UK bodies.

3.  Desirous of having a single national chartered accountnacy body in Nigeria, the ICAN then stipulated that every Accountant who was qualified with a recognised UK accountancy body such as the ICAEW, ICA, ACCA and the ICMA (now CIMA), was required to sit and pass the local content of the exams, i.e. Taxation and Company Law specifically relating to Nigeria, before the one would be granted membership of the Institute of Chartered Accountants of Nigeria, inorder to engage in public practice.

Those that stayed in Nigeria to pursue the full ICAN exams had to undergo the stipulated training as laid down.  I guess a fully-qualified CPA and CMA of America also gets the same exemption as granted to those who are fully-qualified with a recognised UK accountnacy body.   

Remember though, that CIMA's are not allowed to practise as public reporting accountants although they could set up shop as Management Consultants, as their domain is primarily in industry as opposed to pure auditing and taxation work.

4. The rest is history as far as the ICAN goes.

I hope you can now see the link between the ICAN and the Royal Charter as granted by the Queen of England.

My questions to the pretenders to the crown still stand - I mean the so-called 'Institute of Chartered Economists of Nigeria' and the 'Chartered Financial Analysts'.  Who granted you lot the Royal Charter that you are claiming?



kiwi992.

1 Like

Re: Institute Of Chartered Economists Of Nigeria (ICEN) by mayorde(m): 3:46pm On Aug 19, 2008
thanks a lot kiwi u"ve said it all.ICAN is chartered by the act of parliament no 15 1965.

ICEN state yours and lets see by which act u've been chartered.

Chartered Accountants have code of conducts guiding each members and everything they do is regulated by standards(SAS) issued by the National Accounting Standards Board(NASB)

ICAN is A member of the International Federation Of Accountants (IFAC) and also a pioneer member of the Accounting Bodies in West Africa(ABWA)

Most of Our SAS are Adopted From IAS( international Accounting Standards) now IFRS( International Financial Reporting Standards ) any body of professionals that do not possess all these characteristics and more cannot be reffered to as Chartered.

So chartered Economist(if i may say) wat are the standards regulating ur practice.

Chartered ko scattered ni
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by MORANOCEE(m): 6:50pm On Aug 19, 2008
Mayorde,I lav ya opinion.I don't know why some people will wake up one morning and form an institute to protect their professions even going to the length of tagging it ''CHARTERED''.Which decree or act of parliament chartered you?Yes professionalism is the basic now,but that shouldnt sprut these jelly-legged bodies.ICEN should start as an ordinary institute before reaching the age of being CHARTERED in order not to be SHATTERED.View the list of some professional bodies below and the acts and Decrees that chartered them:
1.CHARTERED INSTITUTE OF ADMINISTRATION OF NIGERIA                        DECREE NO 103
2.CHARTERED INSTITUTE OF TAXATION OF NIGERIA                                      ''                  76
3.CHARTERED INSTITUTE OF STOCKBROCKERS OF NIGERIA                          ''                   105

For further insights into real professional bodies,visit the underlisted websites:
www.nigerialaw.org or http://www.nigerianprofessional.com
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by chamber2(m): 3:50am On Sep 21, 2008
[b]I THINK ECONOMICS AS A FIELD OF STUDY HAS GROWN SO LARGE THAT HAVING A PROFESSIONAL BODY THAT WILL REGULATE THE ACTIVITIES OF ITS INDIVIDUAL MEMBERS IS NOW A NECESSITY.AS THE WORLD BECOMES SO SOPHISTICATED AND GLOBALIS ED ,THE SERVICES OF THE PROFESSIONAL ECONOMIST IS BEING SOUGHT AFTER AND THAT THEREFORE REQUIRES THAT ECONOMICS MUST HAVE AN UMBRELLA THAT WILL GUIDE THE ACTIVITIES OF ITS PRACTITIONERS.

I KNOW THOSE WHO MAY BE OPPOSING THIS IDEA SO VEHEMENTLY ARE NON ECONOMISTS OR THOSE WHO HAVE PAROCHIAL KNOWLEDGE OF WHAT ECONOMICS ENTAILS. OUR MAJOR PROBLEM AT THIS POINT IN TIME SHOULD NOT BE ABOUT THE ORIGIN OR HISTORY OF THE WORD "CHARTERED".IT SHOULD BE MADE KNOW THAT NON OF THE PROFESSIONAL DISCIPLINES EVOLVED IN NIGERIA .ECONOMICS IS NOT A NIGERIAN PROFESSIONAL LIKEWISE ACCOUNTING.THE DIFFERENCE IS THAT ACCOUNTANTS RECOGNISED EARLIER THE IMPORTANCE OF HAVING A PROFESSIONAL BODY WHICH THE ECONOMISTS(BCOZ OF THE NATURE OF THEIR TRAINING) NEGLECTED.NOW,THAT ECONOMISTS HAVE WOKEN UP,I THINK THEY SHOULD BE ENCOURAGED .WHAT HAPPENS IF THE CBN GOVERNOR EMBEZZLES FUNDS?WHAT HAPPENS IF THE CHIEF ECONOMIC ADVISER TO THE PRESIDENT MISDIRECTS THE PRESIDENTS? WHAT HAPPENS TO A CHIEF EXECUTIVE WHO MISMANAGES HIS ORG?ETC ALL THIS AMOUNTS TO PROFESSIONALISM AND ECONOMICS BEING THE CHIEF MANAGEMENT SCIENCE SHOULD HAVE A PROFESSIONAL BODY.

ANOTHER QUESTION WE SHOULD ASK IS,WHAT MAKES A DISCIPLINE PROFESSIONAL?CAN A DISCIPLINE ACHIEVE THE PROFESSIONAL STATUS BY MERE BEARING THE NAME CHARTERED?

I AM PRESENTLY A FINAL YEAR EDU/ECONOMICS STUDENT AND I HAVE BEEN LONGING TO SEE ECONOMICS HAVE A PROFESSIONAL BODY.THANK GOD FOR THIS OPPROTUNITY WHETHER FAKE OR REAL,AT LEAST WE HAVE TO START SOMEWHERE.


WELL,I DO NOT HAVE MUCH TO SAY

CHAMBER
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by cooldudeng(m): 8:26am On Sep 22, 2008
There is nothing like ICEN, check out this link http://www.privy-council.org.uk/output/Page44.asp
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by Redfox(m): 11:47am On Sep 22, 2008
ICEN; QUO VADIS
There is a common saying that spells “look before you leap” which presupposes the need for critical evaluation before embarking on any activity. It is quite unfortunate that we revolve in a society where we tend to follow the bandwagon of the joneses as the English will call it. The hunch is not being part of a thing, but being part of a relevant and recognized thing, this brings us to the discourse of today; the unquenchable appetite for the accumulation of certificates, in lieu to these; can economics as a discipline go ‘chartered’ even though it is not a professional course? Well that is a food for thought.
The institute of chartered economists of Nigeria (ICEN) is a professional body set up by a group of persons who just want to be pioneers of a work-in progress, without properly evaluating both sides of the coin. I, for a good number of reasons disagree intoto with the idea behind the conception, formation and operation of the body. It is axiomatic to say that the ICEN has little or no industrial acceptance in our small but growth-potential economy unlike other professional bodies namely; ICAN, CIBN, CISA, ACA, CIMA, NIMN, SAP, and the like. It is simply because economics as a course of study is developmental in curricular and as such relatively research-oriented than courses in management sciences especially accounting. Accounting for instance is a basic industrial application required for use in any company or organization. Designed in a way that people from different areas of study can be part of it, same applies to management generally. Besides who accepts ICEN in the Nigerian labour market and beyond, unlike other professional bodies highlighted above. the Nigerian economic society (NES) is the body charged with the responsibility of regulating the practice of economics in Nigeria, other similar bodies include the Nigerian society of engineers(NSE),Nigerian medical association(NMA),Nigerian institute of statisticians(NIS),COREN and a host of others too numerous to mention. so if one aspires to becomes recognized locally and internationally in the practice of economics, then he/she must have a first degree in economics, possibly a second degree so as to be accepted as a life member of the NES. there are other professional bodies that ensures that the relevance of economists and economics is made consistent, they are: African econometric society(AES),African economic research consortium(AERC), Nigerian institute of social and economic research(NISER), Centre for econometric and applied research(CEAR), African institute of applied economics(AIAE) and so on.
One cannot be regarded as a true economist if he/she does not contribute in the policy making, prescription and implementation process either in the private or public sector or both, and that can only be possible through and research which has a direct impact on development, with these and much more, you will agree with me that as a professional in the area of accounting and management, you don’t need to comply by the aforementioned. a click away from the present will usher in an era of complete craze for setting up unnecessary professional bodies, and then who knows, mathematics, statistics, physics, industrial chemistry, microbiology, political science, psychology, sociology, geography, engineering and agricultural sciences to mention a few will go ‘chartered’
My sincere advice to the pioneers, inducted members, students and prospective students is that the name chartered is not just a nomenclature, but denotes something of a kind, as a matter of fact and transparency, the ICEN should cease its operation, and beg for forgiveness. the time has come for the truth to be told amid the circumstances.

2 Likes

Re: Institute Of Chartered Economists Of Nigeria (ICEN) by tees(f): 10:11am On Sep 23, 2008
speaking of fake institutes please who has heard of CERTIFIED PENSIONS INSTITUTE OF NIGERIA
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by ifeco1ay2: 4:56pm On Sep 23, 2008
REDFOX THE MARXIAN AND HIS FELLOW MARXISTS READ THE FOLLOWING INFORMATION BELOW;

FELLOW ECONOMISTS, I GREAT YOU ALL!!!



The Institute of Chartered Economists of Nigeria was established by the Companies and Allied Matters Act, 1990, had the pioneering statutory rights to regulate the practice of Economics in Nigeria and still has these rights today.

OBJECTIVES

The objectives of the institute are:

a. To provide an organization, National and International in scope and activity for all economists, treasurers, financial officers in both public and private sectors of Nigeria economy.

b. To unite all Nigerians holding local and foreign qualifications who are being employed as economists in the public services of the federation, industrial and commercial sectors.

c. To ensure a professional status necessary to promote and encourage the study and development of the art and science of economics in public practices, industry, commerce and public sectors.

d. To develop from time to time standards in economics and economic matters which will meet both Nigeria and International standards.

e. To hold examinations in economics and other subjects relevant to the profession and to issue certificates of merit on the results therefore and to make other awards as desirable.

f. To ensure the highest professional standard by admitting to membership, persons who qualified through examinations and who have practical experience.

g. To regulate the activities of the members and discipline any member for professional misconduct.

h. To hold conferences, workshops, seminars and symposia for discussion on economic matters and duties, presentation of papers, literature, and to issue copies of abridgment of position paper, books, lectures, records and other memoranda.

i. To instill a high standard of professional ability by means of regular publication of journals of the institute and to disseminate professional economics knowledge.

j. To practice as economists and to advise the government and the private sectors on economic matters.

k. To help in regulating and establishing standard prices on essential commodities for the benefits of the public.

l. The establishment and maintenance of register of Fellows, Associates, Technicians and Registered students.

m. To provide opportunities for contacts between members of the institute or connected thereto professional organisation for chartered economists and to protect their mutual interest.

n. To increase, disseminate and promote knowledge, education, training and exchange information and ideas in respect of all questions relating thereto.

o. To make it mandatory for all students and graduates of economics to write the professional examination of the Institute in order to acquire higher professional status as chartered economists.

Why Becoming a Professional Economists?

There is no gainsaying the fact that education is fast becoming an essential commodity that everyone is aspiring to have. High unemployment rate coupled with severe economic crunch often necessitate people at the middle cadre to seek an alternative means of training themselves to acquire more skills while still retaining their jobs. The Institute therefore, serves as a viable option for such category of people because of its capacity to provide them with their professional training needs and at the same time guaranteeing them job security in their work places.

Also Economics contributes a great deal towards the performance of managerial duties and responsibilities. Just as Biology contributes to the medical profession, Economics contributes to the managerial profession. All other qualifications being the same. Managers with a working knowledge of Economics can perform their functions more efficiently than those without it. The basic function of the managers of a business firm is to achieve the objective of the firm to the maximum possible extent with the limited resources placed at their disposal. The emphasis here is on the maximization of the objective and limitedness of the resources. Had the resources been unlimited, like sunshine and air, the problem of economizing on resources or resource management would have never been chosen. Resources at the disposal of a firm, whether finance, human or materials, are by all means limited. Therefore, the basic task of the management is to optimize the use of the resources.

The Institute, therefore, has the pleasure to welcome you on board to her programmes.

Rationale for the Professional Membership

The need to truly professionalize economics makes it imperative for practising economists to acquire deeper knowledge of the job which they are doing. University graduates who have not been professionally trained and who are either economists or preparing to take up economists appointment will need to be trained as professional economists in order to fit well into the job.

Categories of Membership. The members of the Institute comprises of:

(a) Those members who constitute the Institute at the commencement.

(b) Persons who qualify for admission, shall be admitted under procedures adopted by the Council and Board of Directors.

Membership of the Institute are divided into five (5) categories:

(a) Fellows (FCE)
(b) Associate (ACE)
(c) Graduate Diploma (ICE, DIP)
(d) Studentship
(e) Economics Executive Scheme (EES)

Fellow Membership

This category of membership is reserved strictly for the founding members and few individuals who have proven ability as renowned professional economists in their various areas of endeavours or specialization. Also, at the recommendation and approval of the council, individuals who have offered services of a special nature to the Institute or who have made the Institute proud by way of their constructive and direct useful contribution to National Economic Policy Implementation thereby enhancing the country’s economic growth and development. Furthermore, an associate member of the Institute, having practiced (and with evidence of being in practice) can apply after ten (10) years of demonstration of practical ability to the council, for fellowship. Such application is subject to ratification and approval of the council must justify the laid down requirements for the award of a fellowship. Holders of the fellowship are entitled to use the abbreviations FCE (Fellow Chartered Economist) after their names.

Associate Membership

The associate membership of the Institute is awarded to:

a. Candidates who have passed all sections of the professional examinations and have satisfied all other laid down requirements of the Institute for the award of an associate.

b. After due consideration based on responsibility, experience, education and training by the council, Directors in Ministries and public parastatals, Chief Executives in the private sectors who are professionally inclined to economic matters and related disciplines may be awarded this category of membership.

c. Professors of Economics and Ph.D holders in Economics. The award of this category of membership entitles the holders to use abbreviations ACE (Associate Chartered Economist) after their names. An ACE holder stands a chance of direct entry into any of our universities for an MBA programme.

Graduate Diploma

This category of membership is awarded to the following category of people:

1. University Graduates of economics or related disciplines with a final grade of above average

2. Holders of higher academic qualification (M.Sc, MBA, Ph. D) in other specialised fields but with a bias in economic matters.

3. Members of other professional bodies such as ICAN, ANAN, ICPAN, CIBN, CIMA, ACEAN, ICCAN.

4. An individual with cognate practical experience in economic matters or a related discipline but whose educational qualification is below a University degree (e.g NCE). This is a special case whose acceptance is solely at the discretion of the council.

Requirements for Admission to Membership

The following persons are qualified for admission as Members of the Institutesada) Those who hold a valid Chartered Economists Certificate issued by the Institute;

(b) Those who have passed an examination in economics and related subjects satisfactory to the Board of Directors and Council at an accredited University or College of Technology;

c). Those who are engaged in the practice of economics as proprietors, partners, or as employees who have been licensed as Chartered Economists for more than two years and are practicing in firms enrolled in Institute approved monitoring programmes;

(d) Those who have passed the examinations of the approved professional bodies.

(e) To qualify as an associate member of the Institute, the holder of a Graduate Diploma is expected to sit and pass the Associate Qualifying Professional Examination (PEIII) of the Institute.

Student Membership

Student membership of the Institute is open to anybody who possess any of the following qualifications:

1. The West African School Certificate (WAEC) with five credits in one or two sittings, with credit in Economics, Mathematics and English Language.

2. The National Examinations Council Certificate (NECO) as in (1) above.

3. National Business & Technical Examination Board Certificate as in (1) above.

4. The Ordinary National Diploma of any accredited Nigerian or overseas polytechnic in any field.

5. The Higher National Diploma from any accredited polytechnics as in (4) above.

6. First or second degree certificate of any accredited Nigeria or oversea University.

7. National Certificate of Education (NCE).

8. Any other professional Certificate or diploma recognized by the council.

I AM IFECO!!! THE GREAT ASSOCIATE CHARTERED ECONOMIST (ACE). for any infromation on how to register with the institution write me.

ifeco1a_y2k@yahoo.com
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by sharpman1(m): 7:00pm On Sep 23, 2008
ifeco1a_y2:

The Institute of Chartered Economists of Nigeria was established by the Companies and Allied Matters Act, 1990, had the pioneering statutory rights to regulate the practice of Economics in Nigeria and still has these rights today.

What? Companies and Allied Matters Act (CAMA) establishing the Institute of Chartered Economists of Nigeria?

Or you meant to say that your fake institute was incorporated as an organization under CAMA.

Anybody can go register an organization.

Your fake institute is not recognized as a Chartered Institute by any law in this country.

Stop deceiving people by quoting stuffs you don't even seem to understand.

I can imagine the quality of people your institute churns out.
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by chamber2(m): 8:04pm On Sep 23, 2008
well,the issue if ICEN has been very controversial .After submitting my initial contribution,I went into my subconscious.Economics is not a discipline anybody can just jump into or pick  on the street without sweating.I think ICEN wants to rubbish Economics.They want to make Economics an all comers affair.Look,you cannot pick economics on the street.Economics is research oriented and it is therefore not meant for little minds.

So,if you want to be a professional Economist go to the university and study economics.You can also contact Prof.Charles Soludo,Sumuelson,Prof.E.J.Nwosu etc and ask them what made
them professional economists.Research! Research !!Research!!!

1 Like

Re: Institute Of Chartered Economists Of Nigeria (ICEN) by Redfox(m): 5:47pm On Sep 26, 2008
chambers2 and sharpman am with u guyz

@ifecolay2
u dont seem to comprehend the concept of true professionalism,am not sure u read my post and besides anybody can form a body and get it registered but what really counts is the circumstances sorrounding the formulation and existence of the body.i guess u are a graduate of economics,if not? quit waisting ur time and if yes,then u need to go for the best optimal-mix of input and output(if u understand what i mean),even in abroad there are unaccreditated and false universities and bodies,but as an enlightened person,u seriuously need to do a critical appraisal before u opt for anything and i suggest that u go seek advice from prominient university dons and researchers in economics,it is ovious that u are been mislead and moreover u can never be an economics if u are not a graduate of economics,please endeavour to be a member of the nigerian economics society(NES) if u so desire of ascending the professionalism scale in economics.u are either in or out,and i hate to say this,my friend u are out.u can as well join the chartered institute of mathematicians, and then chartered institute of political scientist and then industrial chemist, hey cant u see it.
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by royalicon(m): 10:21pm On Sep 26, 2008
Hey! ayomi2003 -I wish i saw this thread on time.
You seek for information not confussion. LISTEN!

ICEN is a registered professional body of Economist in Nigeria and a bill establishing it was sponsored by (Sen. Ibrahim Umar Tsauri -Kastina Central). For more info, see (http://www.icennig.org/icenbill.htm).

Rome was not built in a day; ICAN, CIBN, CISA, ACA, CIMA, NIMN, SAP, and the likes is not generally accepted in a day as it is today. They faced a lot of challenges years back before they see the light of the day and stand the test of time. I tell you ICEN has come to stay and when its fully stand and generally known like others, people will sweat, spend, read, burn night candle before being a member as it is with other professional body.

Be focussed and be part of ICEN.
For more information see (http://www.icennig.org/contactus.htm).
Visit the office ask questions on one-on-one basis and don't be confussed by those who are ignorant of ICEN's existence on Nairaland forum.

Nairalanders (sharp man, et. al.)
Am surprised why you are so full of negative thought about ICEN -Why?

@ Sharp man about ICEN certification and I quote:
"Not in this LIFETIME.
And when that eventually happens (if it will ever happen) you would be long gone.
So why waste your precious time?" THIS IS RIDICULOUS. IS ANYTHING BEHIND IT .

If some group of people can think positively, make bold step of establishing ICEN, Its a journey of life-time which start with a bold step -THEY SHOULD BE SUPPORTED AND ENCOURAGED, PRAYED FOR AND NOT TO BE CURSED AS YOU'VE DONE.

Please be advised to be positive minded, Think possible, there is no imposibility for achievers.
I remain my humble self cool
-Agunleti A. S. (08056015349, 07027980022)
cool
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by Redfox(m): 12:49pm On Sep 27, 2008
@royalicon
sorry u can never understand and besides did u study economics in the university?well,it does not matter if you are one of them mischiefs but why not opt for NES and stop lazying around with ICEN.DO UR RESEARCH ECONOMICS IS NOT CHARTERED NEITHER IS IT PROFESSIONAL,why dont u re-read my threads.
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by sharpman1(m): 12:33pm On Sep 30, 2008
royalicon:

ICEN is a registered professional body of Economist in Nigeria and a bill establishing it was sponsored by (Sen. Ibrahim Umar Tsauri -Kastina Central). For more info, see (http://www.icennig.org/icenbill.htm).

I am seriously amused! These pro ICEN people amaze me.

When did a 'bill' that has not been passed become an 'Act'. Why are you guys spreading half truths? Why don't you quote the Act of Parliament that established your Institute?

Besides that, you cannot legislate a Professional Institute into being. It is the market that determines whether a qualification is reputable or not. Look around and you will see lots of worthless qualifications and certifications (even though they have some sort of legal backing).

The craze for paper qualification is really making some people act foolishly and also making some other people rich due to some people's foolishness.
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by Jodesky(m): 2:07pm On Oct 03, 2008
I sympathise with the likes of Ifecola and Co. over the ICEN endemic. He does not know the basic distinction between mere registration of a body under the Companies and Allied Matters Act and certification by an Act of the National Assembly. Any group of idiots can incorporate any such body just the way churches and town unions are registered by the Corporate Affairs Commission (CAC) but that is just the begining.
A cousin of mine who has an HND in Accountancy became a member after paying just N40,000.00 without any examination, but the question is where does that take him? From what I learnt so far, the guys behind ICEN are using it as a revenue vehicle as it is designed as a short cut for people without Economics degrees.
Even if ICEN is granted a charter status today by the National Assembly, what are the benefits flowing therefrom? I recommend the post by REDFOX to all. Economics is an applicative discipline, it does not stand alone. In assessing a body like ICEN , Nigeria cannot afford not to align with global developments, is the concept of Chartered Economist sellable across our borders? In these days of DV Lottery (US) and HSMP (UK) and Canadian/Australian work transfer schemes, it will be foolhardy for anyone to box himself into the narrow confines of a body of intellectually limited mediocres.

To IFECOLA & passengers,
We should not derail the ambition of the growing army of our young graduates by these self-seeking and phantasmagoric contraptions. If you are as confused as you have already shown i your posts, pls dont drag our youths into your adventure into the wilderness of hopelessness.
Re: Institute Of Chartered Economists Of Nigeria (ICEN) by mekolie(m): 6:34pm On Dec 26, 2008
ITS REAL,  Am a fresh graduate from UNILAG, Currently serving at Adamawa State in ICEN office. i must confess that ve seen the certificate, ve touched it,  its real. qoate me. am Sunday by name. TEL: 08024530883[b][/b][color=#990000][/color]

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