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Reps tasks CITM on treasury management

Mr Tahir Monguno, Chief Whip of the House of Representatives, has charged treasury management practitioners and fellows of the Chartered Institute of Treasury Management to bring sanity into the management of public funds in Nigeria.

Mr Monguno made the announcement during the institute’s fellows’ induction ceremony in Abuja.

The chief whip, who sponsored the Bill that gave birth to the Act that established the Institute, informed the fellows that having a new Institute, especially a research-based entity, defined their role and the task ahead of them.

“Your mission here today is to be certified and inducted into a pool of critical thinkers with hands-on and practical suggestions and solutions to the plethora of challenges that face us.” Mr Monguno noted.

“Governance will not be complete without your inputs as technocrats to drive the process; politicians would not be able to deliver on their mandates without your support. Likewise, dishonest politicians would not be able to compromise the system without you showing them the way and the loopholes” Monguno said.

Mr Monguno’s presentation was ‘Managing Growth and Development in a Distressed Economy: The Role of a Treasury Manager’.

President/Acting Chairman of the Council, Nwude-Chu Emmanuel, urged the council to have legal charter and fellows of the Institute must work hard to uphold the tenets of professionalism obtainable elsewhere in the world.

The Registrar of the Institute, Adeola Adedoyin said all over the world, there is virtually no country that is free from daily problems of managing the economic affairs and well-being of its citizenry and populace.

According to him, the difference has been the mindset and proper orientation right from cradle rather than being fault finders with judgmental spirit.

The maiden induction ceremony featured awards given to outstanding individuals for their contributions to the realization of the Institute, including the Bill Sponsor, Tahir Monguno.

Reporting by Ibrahim Shehu; Editing by Adeniyi Bakare