Abbreviation CITN Member's designations FCTI and ACTI | Region served Nigeria Official languages English | |
Formation February 1, 1982; 35 years ago (1982-02-01) Headquarters Alausa Ikeja, Lagos, Nigeria | ||
The Chartered Institute of Taxation of Nigeria (CITN) is a professional organization in Nigeria whose members are certified as qualified tax practitioners or administrators.
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Organization
The CITN was formed in February 1982 and chartered by the Federal Government of Nigeria by the enabling Act No. 76 of 1992. Members of the institute may be Accounting, Legal or other professionals who have obtained the relevant tax expertise. The institute provides training and conducts examinations to determine eligibility. The CITN offers an Advanced Diploma in International Taxation to CITN members who work in international tax. The CITN has been criticized for not providing enough training to members at subsidized rates.
Affiliations
The CITN cooperates with the United Kingdom-based Chartered Institute of Taxation. CITN is also affiliated with the South African Institute of Tax Practitioners and the West African Union of Tax Institutes. The CITN has a working relationship with the Association of National Accountants of Nigeria (ANAN) to promote XBRL recommendations and specifications in Nigeria. The CITN is a member of the Financial Reporting Council of Nigeria. The CITN is also a member of the International Tax Directors Forum (ITDF) and the Association of African Tax Institutes (AATI).
In the news
In March 2011 Prince Rasaq Adekunle Quadri, former President of the CITN, was elected the first President of the West African Union of Tax Institutes (WAUTI). WAUTI is the umbrella body of tax Institutes in the region. In May 2011 Sebastian Owuama, President of Institute of Chartered Accountants of Nigeria, attended the annual tax conference of the CITN in Abuja where he called for an end to the squabble between ICAN and the CITN. In June 2011 Sunday Jegede, president of the CITN, was elected first President of the Association of African Tax Institutes (AATI). The AATI was formally inaugurated in South Africa in October 2011 during the Annual Tax Conference of the South Africa Institute of Taxation.
NEW PRESIDENT- DR OLATEJU SOMORIN' Following the successful conduct of the 23rd Annual General Meeting of the Chartered Institute of Taxation of Nigeria (CITN), the leadership baton of the Institute was officially passed to Dr. Olateju Abiola Somorin, FCTI, by Chief Mark Anthony Dike, FCTI. With her election as the 12th President, Somorin becomes the second female to ascend the leadership position of the Institute. According to a statement made available to New Telegraph, other elected officers include Chief Cyril Ikemefuna Ede -Vice President, Ms. Gladys Olajumoke Simplice, Deputy Vice President, and Mr. Adesina Adedayo, who returned unopposed as the Honorary Treasurer. Somorin, popularly known as “TEJUTAX,” started her academic career at the prestigious Methodist Girls High School, Yaba, Lagos (the oldest secondary school for girls in Nigeria, founded in 1879), where she graduated as the best Form V Student (1968 in Arts Class) and also served as a school prefect. In 1975, she obtained a B.A. (hons) Degree in English from the University of Lagos. She is one of the first Nigerian females with an M.TAX degree in Tax Administration (1983), obtained from the University of Paris. She joined the then Federal Inland Revenue Department, FIRD, now Federal Inland Revenue Service (FIRS) in 1976 and rose to the position of Co-ordinating Director (Ag.) (first female to attain the position) before she retired in 2010 as the third person in the management hierarchy of FIRS, where she worked for 34 years, 17 of which were on the Directorate level. She is an experienced tax administrator with indepth knowledge of the Nigerian tax system and one of the few Nigerian women who have carved a niche for themselves in the sphere of taxation, an area which is ordinarily dominated by men. Somorin is the 24th member to be conferred with the status of a Fellow of the Chartered Institute of Taxation of Nigeria. At the CITN, she has served as member/vicechairman/ chairman of nearly all the Committees of Council and was the first chairman of Abuja District Society and the pioneer Dean of Tax Administration Faculty. She is also the Life Patron of Society of Women in Taxation.] Following the successful conduct of the 23rd Annual General Meeting of the Chartered Institute of Taxation of Nigeria (CITN), the leadership baton of the Institute was officially passed to Dr. Olateju Abiola Somorin, FCTI, by Chief Mark Anthony Dike, FCTI. With her election as the 12th President, Somorin becomes the second female to ascend the leadership position of the Institute. According to a statement made available to New Telegraph, other elected officers include Chief Cyril Ikemefuna Ede -Vice President, Ms. Gladys Olajumoke Simplice, Deputy Vice President, and Mr. Adesina Adedayo, who returned unopposed as the Honorary Treasurer. Somorin, popularly known as “TEJUTAX,” started her academic career at the prestigious Methodist Girls High School, Yaba, Lagos (the oldest secondary school for girls in Nigeria, founded in 1879), where she graduated as the best Form V Student (1968 in Arts Class) and also served as a school prefect. In 1975, she obtained a B.A. (hons) Degree in English from the University of Lagos. She is one of the first Nigerian females with an M.TAX degree in Tax Administration (1983), obtained from the University of Paris. She joined the then Federal Inland Revenue Department, FIRD, now Federal Inland Revenue Service (FIRS) in 1976 and rose to the position of Co-ordinating Director (Ag.) (first female to attain the position) before she retired in 2010 as the third person in the management hierarchy of FIRS, where she worked for 34 years, 17 of which were on the Directorate level. She is an experienced tax administrator with indepth knowledge of the Nigerian tax system and one of the few Nigerian women who have carved a niche for themselves in the sphere of taxation, an area which is ordinarily dominated by men. Somorin is the 24th member to be conferred with the status of a Fellow of the Chartered Institute of Taxation of Nigeria. At the CITN, she has served as member/vicechairman/ chairman of nearly all the Committees of Council and was the first chairman of Abuja District Society and the pioneer Dean of Tax Administration Faculty. She is also the Life Patron of Society of Women in Taxation.