CITN inducts new members, charges responsible tax professions

THE Chartered Institute of Taxation of Nigeria (CITN) has inducted new members into the institute with a charge to stick to the principles of accountability, transparency and ethics in carrying out their responsibilities as tax professionals.

President, Chartered Institute of Taxation of Nigeria (CITN), Samuel Agbeluyi, during the Fellowship Conferment ceremony in Lagos, noted that the CITN’s mission and values are upholding the principles of accountability, transparency and professionalism in the taxation system in Nigeria, urging the fellows to abide by same principles.

“This role calls for excellence not only in your individual capacities or at workplaces but also as leaders, mentors and advocates for a robust and equitable tax system that can serve as a pillar of our nation’s economic growth and sustainability,” he said.

Agbeluyi said the series of reforms ongoing in the taxation landscape, particularly in Nigeria, should interest stakeholders, who are expected to study the proposed bills and make contributions to ensure its success.

He said that The CITN is not merely a body, but a united assembly of tax experts with multi-disciplinary background that have come together to serve our nation and stakeholders.

“Distinguished professional colleagues, as you carry the title of Fellow, remember that you are representatives of a trusted assembly of professionals. Your conduct, insight and guidance have the power to inspire those around you, including aspiring tax professionals, government agencies, private sector employees and the wider public”.

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He urged the Fellows to project the Institute positively through ethical conduct and by striving for excellence at all times.

“Council will be relying on your wealth of knowledge in developing the Tax profession in Nigeria whilst advising government and private sector clients/employers on critical taxation and fiscal policy issues,” he said.

The Membership and Professional Conduct Committee said the Institute, since its inception, has strived to uphold the highest standards of integrity, knowledge, and excellence in the practice of taxation.

“Accordingly, as our ambassadors and soon-to-be Fellows, you have all over the years been torchbearers of these values, contributing immensely to tax reforms, policy advocacy, and the development of a robust tax system in Nigeria. We celebrate you today for your demonstration of leadership, innovation, and a commitment to ethical practice that aligns perfectly with the Institute’s vision,” it said.

The committee urged tax professionals to take steps that ensure that Nigeria’s economic landscape is positively shaped for development and growth.

It said: “As we gather here to recognize your achievements in this prestigious profession, it is important to highlight the crucial role that tax professionals play in shaping the economic landscape of our nation. Taxation is the backbone of national development. It fuels the engine of governance, funds public services, and drives infrastructural growth. As Fellows of this esteemed Institute, you are not only custodians of professional standards but also key players in ensuring that our tax system is efficient, transparent, and fair”.

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