The Chartered Institute of Taxation of Nigeria (CITN), says it has signed a Memorandum of Understanding (MoU) with the Association of National Accountants of Nigeria (ANAN) to specify membership requirements between both parties.

Its President, Mr Ikemefuna Ede, said on Wednesday that the objective was to clarify examination issues and also enhance capacity development of members.

He said CITN would offer direct Fellowship to members of ANAN seeking to become Fellows of CITN subject to their meeting CITN Fellowship conditions.

According to him, ANAN members shall not be required to sit for qualifying examination as a condition for being granted direct membership of CITN.

He explained that members of CITN that were Accountants with MBA/MSc/PhD Accounting and other related qualifications and appropriate years of experience should be entitled to direct membership of ANAN.

He added that members of CITN that were Accountants with Bsc/HND Accounting qualification and appropriate years of experience should also be considered for direct membership of ANAN.

“Members of CITN interested in becoming members of ANAN shall be exempted from all Tax courses; and any other conditions for admission into the membership of ANAN,” Ede said in a statement CITN registrar, Mr Adefisayo Awogbade.

Ede said the two bodies would collaborate in terms of training programmes and would harmonise the cost of joint training programmes.

According to him, CITN in furtherance of its agenda, will continue to enhance collaboration with relevant stakeholders in the country.

“This implies that members belong to both bodies with equal rights and benefits will be shared accordingly.

“Continuous training programmes and capacity building are important elements in building strong institutions and should be encouraged by all organisations,” said Ede. (NAN)