₦airaland Forum

Omo_Tier1: I think in this day and age where institutions of different countries are aligning themselves to breach the divide, ICAN is retreating into the dark! Like Engineering, Accounting is a global practice with very minor domestication, hence, there is no need whatsoever to forbid foreign trained Accountants with ACCA, etc from seeking automatic membership of ICAN, if truly ICAN follows the same global standards of practice in Banking, of course we know they do not, hence the reason most foreign banking institutes do not allow automatic conversion of ICAN's certificate.

They better learn a lesson from COREN...

i think you should get ur facts right b4 making concluding remarks abt what you don't have any idea of...ICAN is a member of IFAC and observes the same global practice governing the preparation and presentation of financial statement(for every sector... not just banking)...what has been happening b4 now is that Acca qualified professionals just attend a week seminar and they're given ICAN certificate but ICAN professionals have to write as many as 5 papers to get Acca's certificate. This practise has made potential ICAN students to opt for Acca since they can always come back to get the iCAN certificate for 'free'.

Your countdown starts today...enjoy urself...no dulling!!!

darefestus: Pls i need help as regards redeployment o, cant i redeploy based on 'compassion' by claiming aged parents or family breadwinner? Cuz i heard those ailments are always recorded into one's Nysc file.

The information from some people who got redeployed after camp was that they went to abuja like a week after camp and they got redeployed w/out any 'tangible' reason. if u don't get redeployed after camp, no need to worry, it's even easier that way.

NOTE: you won't need mosquito net inside camp...but u'll need it outside the camp .

Katsina is peaceful, camp experience is what u want it to be, it can be fun or otherwise, the people u'll meet there are not 'village people' but corpers like u. the camp hostels are clean if u want them to be clean...some people are naturally dirty so u must deal with that. there's the 'bush' option (shortput ). most of the wall sockets are bad, so u should buy extension box to charge ur phone (don't bring laptop because there's no provision for wardrobe/locker, except u wan gimme to hold am for u ), waistbags may not be allowed this time, make provision for shorts with pockets. the food is not soo tasty, mammy is a better option, standard 300/plate, if u want 'effizy' budget 1k per day (if u have plans to have a camp girlfriend make it 1,500 ).
if u want to be posted to the city...join OBS, Band and be actively involved, i repeat actively involved. if u r xtian, join NCCF, or NACC for Catholics, they've like 5 slots...u must be actively involved.
Obey the rules and u r good to go...u don't need to know any official.

after camp, like 95% will be posted to schools. u can always change ur school if u dont like it...(there're ways).

if u want to redeploy...go general hospital (not private oh) u go see tout wey go help u dratf am just outside those hospitals...tell them to give u a terminal illness report, tuberculosis ;Dleprosy epilepsies asthma or HIV ur choice!!! back date the report to like last year or two years back...memorise the symptoms just in case they want to do interview (sometimes they don't, if the people redeploying are much). otherwise u must be married or from married (females only )

Apart from private schools where they'll pay u btw 3-10k and where the students understand english, govt schools don't understand english (like 1.1% understand english in my school , ironically, most can read and write ). and the state govt pays 2k but banks collect 60 naira so net is 1,940. the school will provide accommodation for u with basic furnishing...bed, fan etc.

The City is lively if u have clicks or close pals...there're kool places to visit. their food is cheap, very cheap. 19,800 will be ok to spend for the month if u don't eat out everyday and if its only u spending it (u know what i mean ). u can still save from it, if u r not a bad spender. there're other things u can do to make some change... legally...everytin na packaging.

Ramcie: Take a bus to Lagos, then take a night bus from Lagos to Jos and from Jos take yet another bus to Katsina

ERROR, ERROR, ERROR!!!!!!!!!!!!

omoijoba: ***Direction From Lagos to Katsina***
You can take bus from Lagos to Zaria i Kaduna and join another bus to Katsina OR you join bus from Lagos to Katsina but mostly those buses move at night.
Wishing you safe journey to Katsina...Corpers We!

its better if he goes to kano instead, from zaria is 3-4hrs to katsina. kano is just 2hrs.

stanley99: I was posted to katsina but dont really knw hw to get there frm edo state.

go to aduwawa, ismism park its 4550 to kano abouts 12hrs, get there b4 6am, then from there to katsina 2hrs, i paid 700 from there to katsina on thursday.
but if its by air, take abuja from benin airport then from abuja to katsina is about 7hrs by bus and 6hrs by car. 1550 and 2500 respectively.
safe journey.

Clairette: I served in Katsina, 2008/2009. Kano to Katsina is 45mins not mor than an hour.

This must be by air, i just came to katsina by bus and i spent 2hrs...again!!!

i'm serving in katsina.

Hello Peeps, i know i've been out from u guys for a very long time...i've been very busy that's the bottom line of the whole matter...accept my apologise. Some of u guys will not even know me...My name is contra and i'm serving in katsina (batch b 2012). I'll just give u some of my experience and some of the tins u need to be aware of. For those of u posted to katsina, u've very little to worry about. katsina is the most peaceful state in North, the people are hospitable and accommodating (so far!!!).
Officially it's about 7hrs from abuja(depending on the speed u could spend 6hrs or 10 hrs!), 2hrs from Kano, 2hrs from Niger(Abroad o!!!), 3 hrs from Zaria. the camp i hear is one of the best in the country, its very clean and has the major facilities. camp is suppose to resume on monday, u should be there say monday or at least wednesday...i'd advice monday because u've access to the best tins first like finishing ur registration time, getting ur mattress and settled for the 'fun'. Parade Starts immediately like tuesday morning...it's usually more fun to be among the first people to begin the parade, u get to learn every of the moves and u could be selected to be part of the colour party or parade commander.

To get the best in the camping, just endeavour to participate in all the activities. the food u'll get will not be very tasty (this is not peculiar to katsina) so make other arrangement for mammy. a plate of food in mammy is 250 (with goat meat is 300!), they do bread and egg too and indomie as well (mostly the aboki), all kinds of food are available. beer is not available sha, but some bad-sharp-guys always find their way!!! I didn't influence anytin and i'm in the capital of the state.

Follow all the rules and u'll not have any problems.

after camp...they'll post about 95% to schools. doctors go to hospitals, some people get posted to ministries. i serve in a school in the state capital and the experience has been awesome. about 120 students in a class, though majority of them don't speak english. u'll find a way to teach them when u start!!! i've 6 periods in a week, enough time to do other tins.
the cost of living here is very cheap, the cheapest i've seen so far, from transportation to food...fast food is available at very cheap price too.
the only badtt tin in katsina is that their gurls cover their bodies , so if u'r the looking type, u'll not see anytin!!! the only ones u'll see are fellow corpers and some other non-katsina.......

there are other tins but lemme stop here for now. i'll entertain questions. ciao!!!

zinfly: i am not really one to rain insults on people without just cause. Please in what way does my request or response suggest i am High.

you said 'Feb 2012' thats past nah...abi are we counting back?

@Event planners you guys are not helping the OP alone, try and post ur suggestion here as well.

Kindly read below statement by ICAN on the proposed N5000 note.

Thank you.


PREAMBLE
The attention of the Institute has been drawn to the August 23, 2012 Press Statement by the Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi in which he apprised the nation of the apex bank's plan to restructure the existing profile and redesign the Nigerian currency for the sum of N40billion. Given the spontaneous reactions of stakeholders, the Institute is constrained to make the following observations and recommendations.
1. We commend the initiative to redesign the security features of the nation’s currencies with a view to reducing the huge annual royalties paid to foreign interests and also make the currencies extra secure. Such measure in our view will reduce currency counterfeiting and enhance the confidence of Nigerians in this medium of exchange.
1. There is nothing fundamentally wrong with the idea to introduce the N5,000 as there are some benefits to be derived. Beside having the potential to reduce royalty payments on existing security features as well as the cost of printing and maintenance of the currencies, the initiative will enhance the profitability of the CBN and its ability to generate funds for the government. It is common knowledge that the CBN orders, prints, mints, handles and sells currencies to money deposit banks with which they carry out their intermediation functions. The margin between cost of printing and selling of currencies is one of the CBN’s sources of fund. Although the cost of printing each denomination is the same, higher denominations are sold to banks at a premium and therefore, earn more for the CBN. Section 5(3) of the CBN Act 2007 requires that at year end, 75% of its net surplus must be paid to the Federal Government. Here lies an incentive to earn more money. In addition to this, the cost of cash management by banks will further reduce with positive impact on wealth creation.
1. In spite of the above benefits, we are not persuaded that the N5,000 denomination should be introduced. At a time when the size of government deficit is about 2.8% of GDP (although within acceptable limit), the intention to spend N40billion for this exercise appears to be both a waste of scarce public resource and misplacement of priority. Set against the benefits, the proposed expenditure of N40billion will add little or no value to wealth creation. The subsisting budget deficit, financed largely with domestic borrowing at an unsustainable rate, and therefore crowding out available credits to the economy, can further be reduced by this huge expenditure of N40billion, if redirected to the funding of infrastructural development.
1. In our view, the introduction of N5000 note will eventually alter the pricing structure of products in the market leading ultimately to the permanent disappearance of the 5, 10, 20 & 50 Naira notes (and even the proposed new coins) from circulation. The extinction of these smaller denominations will negatively impact the buying capacity and habits of low-income earners and the poor as goods and services will be priced above their levels. Sustained increases in prices may the unintended consequence.
1. Also, we strongly advocate that the CBN should work towards strengthening the purchasing power of the Naira through policy consistency. The steady slide in the value of the Naira in relation to other currencies like the USA dollar, British pound sterling, etc, as an import-dependent country should be a major source for concern. As an import-dependent nation, when Nigeria converted to Naira and Kobo in 1973, the exchange rate was GBP£1=N2.00 and USA$0.30=N1.00. Today, the exchange rate is now GBP£1=246.31, USA$1=N157.50. From the literature and empirical experience, devaluation benefits export-oriented economies. As a mono-product and import-dependent economy, we are most unlikely to benefit from the resultant devaluation that this initiative may unwittingly cause. Since the Naira is not convertible, increasing the denomination will not check the perceived trend towards dollarization.
1. The CBN’s repeated change in its monetary policy rate is an indication of severity of inflation which it has been targeting for some time. If unemployment was lower, it would not have been a cause for worry given the established inverse relation between unemployment and inflation. To print more currency as envisaged without earning foreign revenue to support its value will put more inflationary pressure on the Naira and lead to a diminution in its value. Indeed, one of the indices of a growing inflation, from economic history, is the creation of higher denominations as exemplified by Argentina, Peru, Poland, Russia, Democratic Republic of Congo, Angola, Zimbabwe, etc.
1. The aforementioned press statement of the Governor did not indicate whether the introduction of the N5,000 notes will involve the printing of more currency notes to complement the existing quantity of money in circulation or it intends to substitute some smaller denominations with the proposed new note. It merely said that some currencies will be converted to coins. Whatever, the intention, we shudder to think that the CBN plans to increase the quantity (volume) of money in circulation by introducing N5000 notes when the possible inflationary impact of this is common knowledge! Or does the CBN want to substitute higher denomination for smaller, more convenient, ones when Nigerians are yearning for enhanced value of the Naira that will lead to the return of Kobo coins? Who is the beneficiary of a denomination that will stall transactions in rural Nigeria inhabited by 70% of the populace? Only the convenience of the elite and urban dweller will be assuaged. Following the CBN statistics that 90% of Nigerians’ cash transaction is less than N150,000.00, why substitute their preference for higher denomination? Is it not obvious that small transactions will be made more difficult if a proportion of each smaller denomination is eliminated?
1. We are persuaded that the initiative will impair the modest gains recorded with the Anti-Money Laundering Act and the pilot cashless policy in Lagos which the Institute expects to spread to the entire country by first quarter of 2013. The convenience of carriage of N5,000 notes will indeed, be an incentive, not disincentive, to carry cash. Such an incentive will defeat the acclaimed drive towards a cashless economy. If the international community perceives that we are lax in anti-money laundering agenda which higher denomination and convenience of carriage connote, we stand the risk of being the target of FATF initiatives including blacklisting with its attendant problems for the attraction of Foreign Direct Investment. This is an untoward route that we have taken before. It should be avoided.
1. The heroines or amazons to be honoured- Mrs Funmilayo Ransome Kuti, Mrs Margaret Ekpo and Hajia Gambo Sawaba (of blessed memory) - deserve all the possible posthumous recognitions available because of the profound contributions and enduring legacy they made to humanity particularly, the less privileged. They represented the finest women of their era and even today, set against all best practice parameters, their achievements tower. Indeed, they were rich in ideas, principles and strong in character. As dogged fighters for the rights of the downtrodden, honouring them with the highest currency denomination belies their pro-proletariat stance. They never made any pretensions to pro-elitism and should not be painted in that light.
10. Finally, the national economy is confronted with a lot of challenges requiring ingenious strategies to overcome. The cost of doing business is among the highest in the world; the very high unemployment of youths is creating a lot of social dislocations and security challenges (graduates of tertiary institutions are now hired as drivers and security guards!); double digit inflation, etc, have continued to impair the Human Development Indices of Nigerians. These, in our view, are more critical issues for the CBN and managers of the Nigerian economy. This indirect devaluation of the national currency is unacceptable. Let's work towards making the N100 the country's highest denomination in the true spirit of a cashless economy.


Mr. Adedoyin Idowu Owolabi, BSc (Econs.), MILR, MNIM, FCA
48TH President/Chairman of Council
The Institute of Chartered Accountants of Nigeria

psoto: BREZZY and CONTRA, I see you o......

Iron lady i must greet you! You guys are doing a nice job. Keep it up.

Gods-child:
You're welcome back boss!

thank you and good morning to y'all.

ik121: My bros am good ! We'all good! Jus dat we miss ur presence...

i come out of my room often when no one is in, but i've been following trends of happenings in d house. I miss you guys too like Seriously!

ik121: Good Mornin Oga contra ! Sorri o if i catch u peepin us. Longest time u visited us.

ik my guy, how can i be peeping into my own house again oh...i've been inside my room since naw...room 14 ask Psoto if you doubt me!
I've just been very busy inside my room lately. How you dey?

psoto: CONTRA, you've deserted us I̶̲̥̅̊n̶̲̥̅̊ our house abi? We're nt annoyed o.....

i didn't desert our house oh...how can i? I've been gettin details of happenings there. Right now my hands are full and i know i won't be able to follow the pace thats why i didn't comment. You get? Pls reserve room 14 for me. I know why! Thanks sweery!

mykejones: Lol.
I go dey try work out.
Sup wf urs??

i'll be teaching computer in a secondary school. There's accomodation inside d school. Na d main city, katsina.

mykejones: Phew!
Got my room yestrday. A one room apartment inside a huge flat,and it was unbelievable cheap. It's a new house..and am d first occupant of the room.
The propietor would have paid,but he said i'd have 2 share the room wf anoda corper..i declined,and tuk it aloneeee!
The skl says they'l pay me 5k monthly sha.
But mhen,forget it! Doctors in Ondo dey enjoi pieces!
State wil pay dem 89k monthly..heard LG wld stil pay em again,then plus the federal allawee. Al iz well sha!
Thank Goodness CDS ain't serious in Owo..laziness continues!
Until my nxt clearance and Pv signing..ain't returning back!
Did i tel ya'all the total student populatn of the entire skl is 84?
How bad can it possibly get 4moi? Huh?
Attention!! Sleeping by number..Squad One!?
Back2bed fellas..wish u al a blissful month ahead..and indeed,a blissful servic year!

by the time you're leaving that ur ppa, you'll not be able to pass through the door, you know why?...you'll be too fat to go through it!!!

CY09: Good morning my people, CY did not run, Vanish, or disappear as you all have been saying, recall I told you guyz that I will be travelling to school...Well I embarked on the Journey yesterday, sowy I didn't tell you guyz is cos is not in my nature to tell people when am travelling not even my family, dis na wetin 2 much crime/security movie don do to me...Got to my destination safely and ontime, come see flexing, was on the high side by evening that's why I couldn't be with you guyz in the evening...Is good to see that the house is proigressing, now that we have passed the 100 page, don't you guyz think we should start another thread?...@ all I dey hail una o, a very good morning to everybody.

welcome back CY09, Psoto has really missed you...i think she wants to see you privately in ur chamber. (remember you're PA, no fear).

Ridwan123: Its Full tonite...Viewing this topic: SBabaJ(m), ChuksBlaze(m), psoto(f), Horbasco, Qyqhelormorh(f), contra(m)...
na unilorin pple full here dis nite ooo

I rep Uniben, no be only unilorin dey here oh.

Qyqhelormorh: @ all. Please is it true that they don't allow anyone serve at his/her state of origin?

who talk so? If your 'runs' solid you fit work am go ur papa village self. I personally know of friends that are serving in their states of origin.

.

ChuksBlaze: Here is mine +233265438358 will call u thanks man ps do u stay in lag

in lagos full time till i go back to my ppa in katsina. if the price is good though, i can come back to lagos just for you, anytime.

ChuksBlaze: Would really love that are u hood with tally and the sage accounting I think I need to work on those

Yeah. Those are my specialties...07055688620.

ik121: @contra, plz v got 1 ?, wat if orientation camp s to start on a monday nd i hit camp on sunday aftnoon 2 b abl 2 mt up early 4 regstrtn on mon, wil d camp officials open d g8 4 me/allow me pass d 9t in camp? Pz wen s d best tym 2 hit camp 2 avoid unnecesri wahala?

Camps are usually opened on tuesdays, arriving on monday will do just well, but you'll be responsible for urself.

ChuksBlaze: I am Nwobi fortune chukwudi BS accounting valley view university Ghana hopefully entering this batch c for nysc still in ghana // sorry o no vex its just that noone asked

hmmm! Interesting, call me for training on any accounting software when you get to Nigeria.

ChuksBlaze: Oga I beg black-market no need approval

black market is not allowed in this our house. Its a highly regimented house fyi.

nasty45: dnt think so,cos u gona need to present it or yur exemption letter.if there's any school that allows it,i dnt know of one.

thanks. i asked that because you said you're doing urs. I guess it's not in nigeria then?

ChuksBlaze: Ik the dreamer
@psoto have u gotten one of my galfriend ship forms if not hurry o I'll Soon close shop

who approve ur sale of form for this house, abi you no know say you need approval ní ? See me in my room right away or...

Gods-child:
Me sef dey wonder ooo...But I no fit reject am nah...Na order from above!

you fit leave the PA work for CY09. So that you can concentrate on the CSO job.

Gods-child:
Lwkmd4h!!!....hehehehehheeheehe...CONTRA!...Abi you don forget say you be senior??

emmmm...senior fit do one or two tins self naw...if need be!