Auditor-General for the Federation, Adolphus Aghughu, has tasked tax practitioners with acquiring new knowledge and capacity development to remain relevant in the taxation field.

Mr Aghughu, at the 46th induction ceremony of the Chartered Institute of Taxation of Nigeria (CITN) on Saturday in Lagos, said that the success of taxation practice was built on education, capacity development and knowledge acquisition.

“Strive to make the Institute better than you met it; be the drivers of the profession and always act diligently in accordance with the tax rules.

“There are challenges out there that you need to surmount, and your ability to withstand and cope with the challenges will make you a better person in the profession,” Mr Aghughu said.

On his part, the president of CITN, Adesina Adedayo, called on members to shun all acts of unethical practices and be prudent in all their dealings regarding the profession.

Mr Adedayo said that an investigating panel had been empowered by the charter to investigate cases of professional misconduct as they affect members.

He added that the disciplinary tribunal was statutorily saddled with the responsibility of disciplining any member found guilty, saying that sanctions include delisting names of erring members from the members’ register, among others.

“You are hereby advised to eschew all acts of unethical practices, be prudent and accountable in all your dealings, especially in professional services rendered to your clients at various levels of engagement.

“It is imperative that as tax professionals, we should support the government toward achieving a tax-driven economy,” he said.

(NAN)