The Auditor-General for the Federation, Chief Adolphus Aghughu, has tasked tax practitioners on acquisition of new knowledge and capacity development to remain relevant in the field of taxation.
Aghughu, gave the advice at the 46th Induction Ceremony of the Chartered Institute of Taxation of Nigeria (CITN) on Saturday in Lagos.
He called on members to shun all acts of unethical practices and be prudent in all their dealings regarding the profession.
The President of CITN, Mr Adesina Adedayo, said that the exercise was a mechanism to grow the tax administration system of the country.
He said the induction was in fulfilment of one of the core objectives of the Institute, which is to admit qualified persons as tax professionals in compliance with the provisions of the CITN Act, CAP C10, Laws of the Federation of Nigeria, 2004.
He said that an investigating panel had been empowered by the charter to investigate cases of professional misconduct as they affect members.
He further stated that taxation as one of the fiscal policy instruments was needed for stability in the post-pandemic era.
