ICAN Delists 14,337 Members For Owing Association Dues For More Than 3 Years
ICAN is suspending and/or delisting members who are owing the institute. They have released the list of affected members and given them a 2week grace period to pay up before the delisting is finalised. After that, it is possible that fines may be introduced which delisted members may have to pay before they can regain membership, making it more expensive in the long run.
From all indications, it seems that ICAN is serious this time.
The Institute of Chartered Accountants of Nigeria has delisted 14,337 non-financial members who are owing the association dues for more than three years effective from November 1, 2019.
The professional accountancy body, in a statement signed by its registrar John I. Evbodaghe, said it has also suspended 11,240 members who are owing dues covering between than six months to three years.
“Council has directed that members should be given two weeks grace period ending November 19, 2019 to further reconcile their financial status with the Institute.” the statement said.
The institute said it will publish names indebted members’ details in national Newspapers after the expiration of the “two weeks grace period” if they fail to pay.