T he 20th edition of the Professor E. K. Obiakor Lecture Series of the Federal Polytechnic, Ado-Ekiti held recently at the institution, and the lecturer, Mr. Olusola Luke Oluwagbuyi, canvassed making accounting and accountability sacrosanct in public and private administration.
Oluwagbuyi, who is a Chief Lecturer in the Accountancy Department of the institution, in the lecture entitled ‘Accounting and Accountability: The Bedrock of Sustainability and Consolidation in the Public Sector and Corporate Organisations’, noted that with accounting and accountability, administration would be easier and more effective.
Among other recommendations, Oluwagbuyi said: “Since accounting cuts across all endeavours of human existence, the government should provide adequate fund for accounting education at all levels.”
The lecturer noted that accountancy is key in the performance of almost all other professions, and therefore said “since all professions, vocations, and businesses depend on accounting and accountability for progress and sustainable development, the study of accounting should be made a core course of study for all disciplines.”
He said “all career officers in the public sector and corporate organisations should be exposed to the current issues in accounting,” pointing out that these were “the latest accounting packages, forensic accounting studies as well as automated accounting and audit software applications.”
Oluwagbuyi also said government and corporate bodies should “mount enlightenment campaigns and awareness programmes on corporate social responsibility while public sector and corporate organisations should be more conscious about their status and be more impactful on the development of their society.”
Speaking on the occasion, the rector of Ado Poly, Dr. Teresa Taiwo Akande, commended the lecturer for the scholarly work and noted that the recommendations were apt for the further development of the Nigerian society.
She explained that the array of professionals and experts in the institution had created an atmosphere of professionalism and that the institution practices what it preaches.
Dr Akande said the government should look into the recommendations of Mr. Oluwagbuyi with a view to making them workable solutions to some of the problems bedeviling the socio-economic life of the nation.