Corruption: sanitizing Nigeria’s public sector treasury management practices

The Chief Whip of the United States House of Representatives, Hon. Mohammed Tahir Monguno on Thursday instructed treasury management practitioners and Fellows of the Chartered Institute of Treasury Management (CITM) to put their expertise to work to purify the management of public funds in Nigeria.

Hon. Monguno, who sponsored the CITM (Establishment) Act, led the Fellows of the Institute induction ceremony.

He said: “Having a new institution, specifically a research-based entity, has defined your role and the task ahead of you.

“Your mandate here today is to become certified and included in a pool of critical thinkers with practical and practical suggestions and solutions to the myriad challenges facing our nation’s economy.

“Governance will not be complete without your input as technocrats to guide the process; without your support, politicians would not be able to carry out their mandate. Likewise, dishonest politicians would not be able to play and compromise the system without you showing them the way and the loopholes,” Hon. said Monguno.

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Therefore, he instructed the pioneers to use the topic of his presentation, “Managing Growth and Development in a Distressed Economy: The Role of a Treasury Manager,” as the research topic and submit the findings to the Registrar for review.

Addressing the inductees, the NITM President/Acting Chair, Mr. Nwude-Chu Emmanuel, said that the Institute’s fellows have come this far in achieving the task of having a legal charter for the Council. , have to work hard to uphold the principles of professionalism available elsewhere in the world.

“May I recall that the vision and mission of CITM is to build world-class treasury professionals who are familiar with the complexities of modern treasury and who, as appropriate, competently and efficiently provide public, manage corporate and private treasuries.

Therefore, the theme for this introduction entitled ‘Sustainable Treasury – A Catalyst for a Virile Economy’ is timely and after this program any of us would have realized that the modern treasurer is a hunter of opportunities for increased efficiency. .” , he said.

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In his remarks, the CITM Registrar, Adeola Adedoyin, said that there is virtually no country in the world that is free from the day-to-day difficulties of managing the economic affairs of the country and the well-being of its citizens and population.

According to him, “the difference was the mindset of orientation from the cradle to being results oriented rather than being fault seekers with a judgmental spirit.”

“No government in any country has what it takes to mobilize and accelerate the economic growth and development of its geopolitical territory. It is the strategic initiatives and the relentless positive contributions of everyone in the subsector of the national economy, driven by patriotism and loyalty to the homeland, that have been the catalyst for economic breakthroughs in today’s respected “advanced or advanced” economies across the globe. worldwide .

“The Journey So Far The creation of ClTM came about through the thought process of several like-minded individuals with a common goal and curious enough to find a solution to the general problem of influencing cash management with treasury management initiatives as a measure of the safely escorting the treasury.

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“This can be achieved through the idea of ​​an organization that could lead the establishment and raise a national awareness of accountability, transparency, prudence and fairness in public office as a multi-purpose tool to solve our economic woes,” he said. .


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