At the recent 51st Induction Ceremony of the Chartered Institute of Taxation of Nigeria (CITN), Mr. Samuel Agbeluyi, the 16th President and Chairman of the Council, emphasized the critical role that new inductees play in promoting the values and ethical standards of the tax profession. In his opening address delivered in Lagos, Agbeluyi highlighted the substantial expectations that come with their new status within the Institute. He urged inductees to embody the principles of ethical conduct and strive for excellence in their professional duties, indicating that their actions must positively reflect the Institute, not only towards their employers and clients but also toward all stakeholders involved in the tax system.
Furthermore, Agbeluyi stressed the necessity for continual professional development among the inductees, encouraging them to actively participate in the various learning initiatives offered by the Institute. This ongoing education is essential to staying current and effectively navigating the ever-evolving tax landscape. He emphasized that the core values of the CITN—Service, Teamwork, Excellence, and Professionalism—should serve as guiding principles throughout their careers. These foundational values are vital for maintaining the integrity and ethical standards of the profession as they progress in their roles.
In addition, Agbeluyi addressed the regulatory frameworks established by the Institute to uphold professional standards, which include an Investigating Panel and a Disciplinary Tribunal. These measures are crucial for ensuring accountability and maintaining the reputation of the CITN and its members. Staying informed about ongoing reforms in Nigeria’s tax environment is also paramount, particularly in light of recent developments such as the approval of the Economic Stabilisation Bills by the Federal Executive Council. Agbeluyi reiterated the CITN’s commitment to providing technical support and guidance to the government during these significant reforms, highlighting the dominant role that taxation plays in the country’s fiscal policy.
The President expressed his gratitude and excitement for the inductees, noting their significant milestone as they prepare to join the ranks of Associate Members of the CITN. He acknowledged the presence of esteemed Council members, past presidents, and special guests, including significant figures in the tax sector such as the Executive Chairman of Katsina State Internal Revenue and the keynote speaker, Mr. Albert Folorunsho from Kreston Pedabo. The gathering represented a rich tapestry of expertise and experience dedicated to the advancement of taxation in Nigeria.
Agbeluyi celebrated the CITN’s recent milestone of marking its golden jubilee, underscoring that the Institute has continually served as a guiding force in the tax profession. The recent induction ceremony further attests to the Institute’s growth and ongoing influence in shaping the future of tax practice in Nigeria. He called upon the inductees not only to uphold ethical practices but also to leverage their newfound qualifications to contribute positively towards the profession’s evolution within the country.
In conclusion, Agbeluyi urged the new inductees to avoid complacency as they move forward in their careers. He called for a relentless pursuit of excellence, encouraging them to engage with the challenges and opportunities within the tax community. By embracing their roles as ethical practitioners and committed professionals, inductees have the potential to significantly impact the perception and effectiveness of taxation in Nigeria, ultimately advancing the reputation and standards of the Chartered Institute of Taxation of Nigeria.
