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Sunday, August 1, 2021

Oyo begins training of 3,300 youths in agribusiness - NaijaAgroNet: ... Linking agrobiz, sustainable environs, people & technology

NaijaAgroNet: ... Linking agrobiz, sustainable environs, people & technology

Ekeigwe Harps on Importance of Self-Control in Organizations

One of Nigeria’s leading minds in accounting, Christian Ekeigwe, has harped on the need for accountants to exercise sufficient self-control as they play their gatekeeping roles in society.  Ekeigwe, a fellow of The Institute of Chartered Accountants of Nigeria (ICAN) and Certified Public Accountant (CPA, Massachusetts), traced audit failures to lack of self-control in people holding critical governance and control positions in organizations, and yet accounting wisdom does not recognize this pathology. He, therefore, describes self-control as “accounting’s blindside”, which he said is the root cause of what ails it (accounting) and from where it suffers myriads of setbacks.

Ekeigwe who is the Chairman of Audit Committee Institute (ACI) and pioneered IT auditing in Nigeria decried the fact that “self-control has been unremarked in the accounting conversation in our society despite recent egregious audit failures, which he said can only be explained by flaws in human judgment due to insufficient self-control competence.”  

Ekeigwe made these assertions in the third edition of his now sought-after allocution series to the accounting profession titled, A Letter to My Profession.  He said that after four decades of training and working in the accounting profession, he has come to the conclusion that self-control, the “skill that matters most,” is the blindside of accounting. He argued that self-control is a blindside of accounting because it is not conceptually captured in the wisdom of accounting, despite the fact that its absence has resulted in a recent history of accounting that is punctate with, among other things, inexpiable audit failures.  He asserted that failure of self-control is the root cause of what ails modern accounting, and that recognizing the profound role of self-control will have equally profound impact on the survival and prosperity of individuals, firms and nations.

Accounting, he continued, must now include self-control as a deliberate competence that all accountants must consciously cultivate, recommending that accounting training should use instruction, examples and impressive imagery to inculcate self-control in the new generation of accountants to immunize them against the halo effect of hedonic histrionics of modern society.

Dwelling on the importance of self-control, Ekeigwe pointed out that empires, companies and individuals have collapsed as a result of poor self-control, noting that in all philosophies, religions and civilizations, self-control has been shown to be a critical success factor. According to him, the importance of self-control is well captured by Tony  Schwartz, an American journalist and business book author, when he said “without self-control, we can’t accomplish almost anything of enduring value.”  Stretching the argument, Ekeigwe said ‘in fact, civilization itself advanced only after humans started exercising sufficient self-control which made trust and cooperation possible.

He further argued that without self-control it is impossible to become trustworthy, a fundamental quality for accountants without which society would withhold the audit franchise.  “One can conclude that the majesty and affordances of accounting could not be sustained without self-control as a deliberate competence”, he added.  He regretted that despite the overwhelming scientific evidence that self-control is a critical competence particularly for accountants and auditors in their gatekeeping roles in society, the profession has not recognized and emphasized it in its curriculum, wisdom and practice, noting that ethical standards of the profession touch on self-control only indirectly, tangentially.  Pointedly, he said “after a fair search of accounting literature, I now conclude that self-control is the blindside of accounting and that we cannot fix what ails modern accounting and auditing until we accept the wisdom of the discipline of self-control into the wisdom of accounting”. 

Ekeigwe strongly recommended that “in view of its prepotent role and benefits, self-control should be institutionally identified as a necessary deliberate competence for accountants and consciously cultivated”. He also recommended that the auditability of self-control should be operationalized with appropriate risk assessment methodologies, audit work programmes that help identify reportable conditions and a reporting regime that sends subliminal message of the primacy of self-control in governance.  In this regard, he said: “A low rating of self-control should be identified as high risk organizations and should be an eliminator when selecting management and employees who would occupy critical and sensitive roles.  In particular, job profiles that are associated with oversight of high-value assets or sensitive resources should require high self-control reliability index”.

Ekeigwe maintained that “self-control is the most important emerging competence for the accounting profession.  He however lamented that “we are preoccupied with the impact of technology, forgetting that even technology itself depends on the self-control of the individuals who ideate, design, build, operate technology systems and on the self-control of those who use the data generated with technology tools for critical decision making”.

According to him, accounting cannot deliver on the promise of accounting to serve the public interest and uphold the public trust with a generation that is tragically low on self-control. He warned that ignoring the accounting profession’s blindside, which he has identified as self-control, will be an undermining “unforced error” that could bumble the profession to irrelevance, obscurity and failure.



Friday, July 30, 2021

DP World acquires fleet of tractors - NaijaAgroNet: ... Linking agrobiz, sustainable environs, people & technology


DP World Luanda, has acquired a fleet of 30 new high-performance tractors, as part of its investment to modernize the Multipurpose Terminal (MPT) at the Port of Luanda, and further improve operational efficiencies.
The arrival of the tractors follows the start of operations by DP World Luanda, on 1 March 2021, after it was awarded a 20-year concession to manage and operate the MPT.

Wednesday, July 28, 2021

AgriHack 2021 opens calls - NaijaAgroNet: ... Linking agrobiz, sustainable environs, people & technology


The AGRF and Heifer International have launched the Pitch AgriHack 2021, a competition focused on accelerating entrepreneurial growth and job creation in the agriculture sector by leveraging advanced technologies and youth participation in Africa’s food security agenda. 
This seventh edition of Pitch AgriHack is a pitching contest aimed exclusively at African businesses bringing technological innovation to the agriculture sector. Generation Africa (, a thematic platform of the AGRF will host the competition.

Sunday, July 25, 2021

African Union agency's pandemic resilience accelerator steering committee - NaijaAgroNet: ... Linking agrobiz, sustainable environs, people & technology


The Steering Committee of the African Union Development Agency's Pandemic Resilience Accelerator has set been inaugurated, reports NaijaAgroNet.
The Pandemic Resilience Accelerator provides a tailored acceleration support to growth and mature stage African health-related businesses that are improving healthcare capacity and reducing reliance on external medical supply chains. 

Friday, July 16, 2021

Gov. Fayemi takes delivery of tractors, farm tools - NaijaAgroNet: ... Linking agrobiz, sustainable environs, people & technology

Pix2: L-R: Technical Assistant on Agriculture Engr Egunjobi; Commissioner for Agriculture and Food Security, Prince Olabode Adetoye and Ekiti State Governor, Dr Kayode Fayemi; during the delivery of the newly acquired tractors and other agricultural tools in Ado-Ekiti.

Pix2: L-R: Ekiti State Governor, Dr Kayode Fayemi; Commissioner for Agriculture and Food Security, Prince Olabode Adetoye and State Coordinator, National Agriculture Land Development Authority (NALDA), Adekunle Adeniyi; during the delivery of  newly acquired tractors and other agricultural tools in Ado-Ekiti.

Sunday, July 11, 2021

Extractive sector: Centre LSD mainstreams gender @Ekiti - NaijaAgroNet: ... Linking agrobiz, sustainable environs, people & technology


The African Centre for Leadership, Strategy & Development shall on Wednesday July 14th, 2021, host Ekiti citizens to a 2-day stakeholders’ session on gender mainstreaming in Ado-Ekiti, the State capital, reports NaijaAgroNet.
A press statement by Ms. Victoria Ose Ikearu-Udoh, Programme Coordinator, Centre LSD made available to NaijaAgroNet, said the meeting is one of the initial activities under its BUILD grant which has become crucial to identify critical stakeholders for engagement as the roles stakeholders play in determining the success or failure of any project intervention cannot be overemphasized. 

Monday, July 5, 2021

Healthcare: Konga signs MoU with ANPMP - NaijaAgroNet: ... Linking agrobiz, sustainable environs, people & technology


Konga Health, an ambitious, technology-driven healthcare solutions company, has signed a strategic Memorandum of Understanding (MoU) with the Association of Nigerian Private Medical Practitioners (ANPMP) to boost access to quality healthcare services in Nigeria, including the delivery of genuine drugs and medical supplies.
The signing of the Memorandum of Understanding (MoU) took place on Tuesday, June 29, 2021 at the company’s corporate headquarters at Yudala Heights on Idowu Martins, Victoria Island, Lagos.

Wednesday, June 30, 2021

149m malnourished children: UNITLIFE makes a debut - NaijaAgroNet: ... Linking agrobiz, sustainable environs, people & technology


Global Program Created by UN Women, UN Capital Development Fund (UNCDF), Government of France, and the Abu Dhabi Crown Prince Court under the aegies of UNITLIFE is leveraging innovative finance and partnerships to protect the next generation from chronic malnutrition, reports NaijaAgroNet.
The condition currently effects 149 Million children worldwide, limiting future growth and potential; The COVID-19 Pandemic predicted to cause widespread increases in malnutrition due to disruptions in food, health and social protection systems.

Police summons Otesile family, Lavika Farms - NaijaAgroNet: ... Linking agrobiz, sustainable environs, people & technology

The Commissioner of Police Ogun State Command, CP Abdulmajid Ali, has demanded the presence of the Otesile family over their illegal take over of a 16 acre parcel of farmland in Majo village in the Obefemi Owode Local Government area of the state, reports NaijaAgroNet.

This was subsequent to a petition written to the Police Commissioner after agents and thugs operating under the name of Lavika Farms invaded and destroyed portions of the farmland owned and managed legitimately by one Mr Tesleem Adewuyi and Mr Femi Alabi.
Mr Adewuyi and Mr Alabi had legally purchased (with documentations) 16 acres of land from the Deyoruwa Family of Owode Egba, which shares a boundary with the Otesile Family land, and had been using their land for farming until December 2019 when the Otesile Family and their agents forcefully invaded and destroyed the farmland.

Wednesday, June 23, 2021

Fayemi commissions ABUAD's 2.5 MW IPP - NaijaAgroNet ... Linking agrobiz, sustainable environs, people & technology


The Ekiti State Governor, Dr Kayode Fayemi on Tuesday commissioned an Independent Power Plant project at the Afe Babalola University, Ado Ekiti (ABUAD), with an assurance that the State Government would continue to support the institution's initiative to achieve its visions of becoming a globally renowned institution.
Dr. Fayemi who alongside the Osemowe of Ondo Kingdom, Oba Victor Kiladejo, former Governor of Ekiti State, Engr Segun Oni, Chairman Medical and Dental Council of Nigeria, Prof Abba Waziri, and other reputable individuals performed the foundation laying of nibe other projects at the ABUAD industrial Park, described the Founder of the institution as a man of endless possibilities.