When Queensley Seghosime was invested last week as the 62nd president of the Institute of Chartered Accountants of Nigeria (ICAN), the ceremony at the institute’s Victoria Island headquarters carried weight well beyond the usual rituals of professional succession.
For six decades, ICAN has operated as a foundational pillar of Africa’s leading economy, certifying the professionals who manage the wealth of its corporations and state institutions.
But as artificial intelligence, automation, and financial technology aggressively reshape global commerce, the legacy institution faces an existential challenge of rapid transformation or imminent obsolescence.
A distinguished tax administrator from Edo State, Nigeria, Seghosime, takes the helm at a pivotal moment when Nigeria’s economy is struggling with fiscal deficits and weak governance despite being Africa’s largest potential market for transparent financial reporting.
No wonder her nine-point agenda, unveiled at her inauguration, aims to transform ICAN from a respected but Nigeria-centric credentialing body into a globally
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