FUNAAB Accounting degree programme gets full accreditation

THE Institute of Chartered Accountants of Nigeria (ICAN) has fully accredited the Bachelor of Science Accounting degree programme being run in the College of Management Sciences (COLMAS) of the Federal University of Agriculture, Abeokuta (FUNAAB).

This was recently conveyed in a letter addressed to the vice chancellor, Professor Olusola Oyewole and signed by the institute’s deputy director, Students’ Affairs, Mrs. Folake Olawuyi.

The accreditation, according to the letter, is for the duration of four academic sessions with effect from 2014/2015 academic session to 2017/2018 academic session.

It said, however, that only students that graduated within these academic sessions will enjoy the benefits of exemption as specified in the institute’s syllabus, while the next visitation to the university is due in (the) 2018/2019 academic session.

The institute said the accreditation certificate would be held in April 2017.

Following the communication of the full accreditation status to the university, a meeting had been held between university management and ICAN officials, led by its Team Leader, Professor Ishola Akintoye.

At the event, Professor Akintoye expressed his appreciation to FUNAAB for the support accorded members of the accreditation teams to the university. He enumerated the benefits that would come the way of FUNAAB from the existing partnership to include granting of exemption to Accounting students in the ICAN examination and sponsorship of four PhD students from accredited institutions to further their studies.

Professor Akintoye, a Fellow of ICAN, added that First Class students in all fields of studies in the university would be sponsored by ICAN to the tune of N150,000 each, provided FUNAAB introduces such eligible students to the institute, while the Department of Accounting in the university would be qualified to benefit from ICAN funds allocated for seminars and the hosting of Accounting Week, among others.

The vice chancellor was represented at the meeting by the deputy vice chancellor (Development), Professor Ololade Enikuomehin, who appreciated members of the accreditation team for the visit and gave an assurance that the university would always offer the required support and be open for collaboration with the institute.

Meanwhile, the vice chancellor, Professor Oyewole, has justified the establishment of the university’s College of Management Sciences, which was done about five years ago.

He stated this during the inauguration of a security desk and chairs donated by the College of Management Students’ Association (COLMASSA), to COLMAS in the university.

Professor Oyewole, who was represented at the occasion by the DVC (Academics), Professor Oluyemisi Eromosele, called for patience on the part of stakeholders, saying the university was yet to receive any official directive from the government  that the courses being offered by COLMAS should be suspended.