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How I Became a Chartered Accountant at 17 – Babcock Student

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At 17, Oluwatiseyitan Alabi, a 400-level Babcock University student, achieved what many adults only dreamt of: becoming a certified member of the Institute of Chartered Accountants of Nigeria. He tells the inspiring journey of how he balanced academic demands, personal setbacks, and professional goals

How old are you, and what school do you attend?

I just clocked 18 years last December. I’m a final-year student studying Accounting at Babcock University. I’m passionate about God, Accounting and Finance. Like I said, I’m 18 years old now. I’m not the only child of my parents. I have a younger brother who is a science student. Unlike me, he believes in tech rather than accounting.

When exactly did you get the ICAN certification?

That was December last year before I clocked 18.

What inspired you to pursue Accounting?

Of course, we did Business Studies as a subject in junior secondary school. That was when I was in JSS 2 and JSS 3, and I wasn’t that bad because I was great at it. So, my parents just said, ‘Why not go for Accounting instead of going to the usual science that most people thought they wanted to go to?’ I just followed the movement, and here we are today.

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Did you at any point disagree with your parents’ suggestion to study Accounting?

No, I’ve had an interest in it right from the start.

How did you manage to get inducted into the Institute of Chartered Accountants of Nigeria at 17?

After I completed my secondary education, there was a session called ATS (Accounting Technician Scheme) before writing the ICAN exam. So, I was reading for it, and when I got to school in 2022, I found out that the organised classes for ATS were awesome.

So, I joined the classes, wrote the exam, and by God’s grace, I passed ATS 1, ATS 2, and ATS 3. I was able to write the skills level for the ICAN exam in November 2023. I was reading for the ATS exams before I gained admission.

After the skills level, I failed one paper in November 2023, then I wrote it again in May 2024. I passed it and got to the final stage, the professional level, and by God’s grace, I passed.

Have you been sitting the exam before you clocked 17?

Yes. I started it when I was 16 years old, just a year after I finished secondary school.

At what point did you realise that there was a need for you to have an ICAN certification?

Well, ICAN is the biggest Accounting certification or qualification in Nigeria, and it is everybody’s dream to have it. The opportunity came for me to sit the exam with the support of my parents and all. Since it is the biggest thing, I just wanted to write it and see if I could get it.

How were you able to balance university coursework and ICAN professional studies?

In Accounting, some of the topics are related and interwoven. So, I focused more on reading for the ICAN exam. If I focused on reading for the ICAN exam, then schoolwork was also part of it. I read for that, but when it was time to focus on schoolwork, I also focused on that. It meant that there would be less time for me to play around and do some other things.

Was there any challenging moment for you while studying for ICAN?

There were some topics I couldn’t understand, but my teachers helped. When I said I failed a paper, I felt bad because I had never failed before, since I’ve been writing. So, when I failed, it was quite a discouraging moment, but thanks to God and my parents, who stood by me.

What went through your mind the moment you failed one of the exams?

Honestly, I had wanted to stop it. I was about to say that after my graduation, I would pick it up again because I was discouraged. I was just down trying to read what I had read in the past. I wasn’t even in the right mental state to pick it up again, but I thought there was no point in starting a project and not finishing it.

There was no use for that, so I talked to my parents, and they also advised me. They said there was no point in starting if that was what I would do. They said I should continue and keep striving for it, and that was how I kept on going.

Did your ICAN exam ever clash with the normal school examination period?

Not really. There was usually a month’s gap between the ICAN and school exams, so there was enough time for me to pick up schoolwork immediately and go to school.

For instance, if there’s an ICAN exam in November, and usually the school exam starts in December, there would be a month gap that I could easily read up and brush through everything that I had done in school for the semester.

What can you say about your academic performance as an undergraduate?

Throughout my academic journey as an undergraduate student of Accounting at Babcock University, I have been privileged to maintain a strong academic record. This accomplishment is not just a reflection of grades but of consistency, intentional effort, and a deep-rooted commitment to excellence.

From the beginning, I set out not just to succeed but to stand out. Accounting is a rigorous discipline, demanding attention to detail, analytical thinking, and a deep understanding of financial systems.

Among the many courses I encountered, Financial Management stood out as my favourite. I was drawn to it not only because of the complexity it presented but also because it required me to think critically and strategically, and that I believe defines leadership in the field of finance.

Achieving academic success has not come without its challenges. Like many students, there were moments of pressure, tight deadlines, and even courses that seemed overwhelming. However, with a combination of faith, discipline, and effective study methods, I’ve learnt to navigate these periods with resilience.

I believe that God is the ultimate source of wisdom, and I genuinely consider Him my number one strategy for success. I also made heavy use of YouTube tutorials and other digital resources to break down complex topics into understandable formats.

Teaching others has also played a crucial role in strengthening my understanding; the more I taught, the deeper my grasp of the material became. I draw a lot of motivation from a quote my dad often reminds me of: “Genius is 99 per cent perspiration and one per cent inspiration.”

That quote has stayed with me, constantly reminding me that excellence is not a gift but a result of continuous effort. It inspired me to push boundaries, study late into the night, ask more questions, and never settle for ‘just enough’.

Beyond academics, I actively tutor my peers, not for reward, but because I believe knowledge grows best when it is shared. It gives me immense joy to see those I help succeed to know that I’ve made a difference in someone else’s academic story.

How did your lecturers, friends, and colleagues contribute to the achievement?

They played a very big role. First of all, my parents were very vital, giving me strength, support, and guidance. Then our teachers were also very supportive of the fact that when we were sitting the exam, they taught us in line with the exam. The school organised ICAN classes for us to sit the exams. I had friends who also sat the exams, so we were reading together.

Were you the youngest among your friends who also wrote the ICAN exams?

Yes, I was.

Can you describe a moment when you had to work with people older or more experienced and how you were able to earn their respect and contribute meaningfully?

There was a period of holiday before the semester started when I was attending ICAN classes at home last year, and the people there with us were much older. The teachers were much older. How I gained their respect was that although I’m young, yes, I admit that, but they knew that I was striving for something, too.

They knew that for me to be there, we had the same goal. We were all trying to learn and work together towards achieving the goal of the exam, and I showed that I also knew something to an extent, and through that, I was able to gain their respect.

 Did you experience any stigma or stereotypes about being the youngest among them?

Not really, and that was because I was already used to being the youngest among many people.

Why did you say so?

Most of my friends are older people who are maybe two years older than me.

Why do you prefer to keep older friends?

It just happened. I’m naturally drawn to talking to more people with higher kinds of experience, and of course, it has an impact on the way I see life. I believe people around me have great things in them. They are making me see that I’m more future-oriented now than just playing around and enjoying myself. I’m looking at the future because of the kind of people that are already around me.

Integrity is a key value in Accounting. Can you tell us about a time when you had to make a very difficult ethical decision?

I don’t think I’ve had that kind of ethical decision that would test my integrity. I don’t think I’ve come across that yet.

What areas of accounting are you most interested in for the future, and why?

I prefer Corporate Finance. I chose Corporate Finance because it is more dynamic and interesting than the typical auditing or taxation. For me, those are just the boring aspects of accounting.

Have you made any step in pursuing corporate finance?

Yes. I’m taking courses on Financial Analysis and Financial Modelling.

What global accounting certifications or advanced degrees are you considering next?

I’ll be considering the ACCA (Association of Certified Chartered Accountants) for sure, and the CFA (Certified Financial Analyst).

What would you say is your biggest personal growth or transformation so far?

My biggest personal growth was being able to build more confidence. Coming from a space of older people, sometimes you tend to be a bit timid, but looking back, I think I’ve learnt to be more confident, and to any young person out there, go for it, remain focused, and be determined to get your goal. Age is never a barrier to any goal.

 

Source: The Punch

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Aviation

Airfares Likely to Rise as Aviation Fuel Price Spikes by 80%

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The Airline Operators of Nigeria (AON) has declared that airlines operating in Nigeria have come under financial pressure following a sharp increase in the price of Jet-A1, also known as aviation fuel.

According to the group, the price of aviation fuel, has surged to about N1,800 per litre in many parts of the country, from about N1,000 per litre two weeks ago. This amounts to almost an 80 per cent increase within a short period.

Aviation fuel remains the largest cost component in airline operations, accounting for about 30 to 35 per cent of total operating expenses.

Industry stakeholders have linked the latest spike to the ongoing conflict in the Middle East, which has pushed up global energy prices.

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Speaking on Channels Television on Friday, the spokesperson for the Airline Operators of Nigeria, Prof Obiora Okonkwo, said the surge had placed airlines under severe financial strain.

According to him, most carriers have so far refrained from immediately transferring the additional cost burden to passengers, despite the pressure on their operations.

“Two weeks ago, we were getting Jet-A1 at about N1,000 per litre, which today is about N1,800, and even more in some stations. We have experienced an increase of about 80 per cent. That’s quite a spike,” Okonkwo said.
He explained that airlines were currently absorbing the losses in order to avoid worsening the economic burden on the travellers.

“We are not in a business where you can easily adjust your ticket price. Right now what we are doing is that we are bleeding. We are taking the blow. We are selling tickets at very non-profitable prices. We are losing a lot of money,” he said.

Okonkwo warned that the situation might not be sustainable if fuel prices continue to rise without government intervention.

“Obviously, adjustments will be expected anytime soon. But again, we are very sensitive to the economic situation of Nigerians and our travellers,” he added.

He noted that developments in the global oil market, particularly the recent release of reserve crude oil, could influence fuel prices in the coming weeks.

Okonkwo also urged the Federal Government to explore engagement with the Dangote Refinery as part of efforts to stabilise aviation fuel supply locally.

“We were more hopeless in a situation where there was no refinery in Nigeria in the last two years. Now that we have a refinery, we are hopeful that we can find a solution around it,” he said.

According to him, if the spike persists, some airlines may struggle to continue absorbing the losses associated with the rising cost of aviation fuel.

Meanwhile, the AON spokesperson also reacted to the decision by the Federal Competition and Consumer Protection Commission to sanction about five airlines over alleged price fixing.

Okonkwo said while the commission has regulatory powers, the aviation sector remains deregulated, making coordinated price fixing unlikely.

“There is no meeting of airlines where they agree to fix prices. Fixing prices would mean operating as a cartel, and that is not the case,” he said.

He explained that airline ticket pricing varies widely because different aircraft types attract different operating costs.

“Each airline determines its fares based on its own operational costs,” he said.

Okonkwo added that airlines must also demonstrate financial viability to regulators as part of the conditions for maintaining their operating licences.

“At every point in time, you must prove to the regulators that you are financially viable and capable of sustaining operations,” he said.

He urged regulators to take into account the fragile nature of the aviation industry when making policy decisions affecting airlines.

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Business

Sahara Group expands fleet with new 40,000 cbm LPG Carrier

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Modupe Asudo

Sahara Group, a leading global energy and infrastructure conglomerate, has commissioned MT Asharami Ghana, a 40,000‑cubic‑metre Liquefied Petroleum Gas (LPG) carrier, expanding its fleet capacity, while strengthening Ghana’s clean energy supply chain and LPG distribution network.

The dual‑fuel vessel improves operational efficiency, enhances supply reliability, and supports lower‑emission LPG logistics as consumption grows across Ghana and the wider sub‑region.

Ghanaian President Mahama and Sahara Executive Directors

Speaking at the commissioning in Ulsan, South Korea, President John Dramani Mahama described the vessel as “a significant milestone in strengthening the infrastructure that underpins the global LPG supply chain,” noting that expanded shipping capacity is critical to improving supply security, reliability and efficiency for countries that rely partly on LPG imports.

He commended Sahara Group, WAGL Energy and all partners involved for their “leadership, technical expertise and strategic foresight,” adding that the project reflects “the power of partnership” in advancing safe, efficient, and responsible energy distribution.

President Mahama wished the MT Asharami Ghana safe sails, expressing confidence that the vessel would inspire further investment and collaboration across Africa’s energy value chain.

According to Wale Ajibade, Executive Director, Sahara Group, the vessel supports Ghana’s clean energy ambitions through integrated infrastructure.

“MT Asharami Ghana is more than a vessel; it is part of a deliberate strategy to strengthen LPG supply security and support Ghana’s clean energy ambitions. It secures an additional 25,000-Metric-tonne stock security for the Ghana economy, alongside the soon to be commissioned 6000-metric-tonee of 12.000-metric-tonne land storage in Tema,” he said.

With the addition of Asharami Ghana, Sahara Group’s LPG carrier fleet now comprises six delivered vessels with a combined capacity of 202,000 cubic metres. Supported by partnerships with WAGL Energy, NNPC Limited and other stakeholders, an additional 270,000 cubic metres of capacity is under construction and due for delivery by September 2028.

Temitope Shonubi, Executive Director, Sahara Group, said Asharami Ghana is part of Sahara’s integrated LPG infrastructure strategy spanning shipping, storage, and downstream distribution globally, including the development of a 12,000‑metric‑tonne land‑based LPG storage terminal in Tema, with a 6,000‑metric‑tonne first phase scheduled for completion in May 2026.

He thanked Yaa Serwaa Alifo, MD of Asharami Ghana, for her resilience and insistence to dedicate a ship of “this magnitude solely to the Ghana Market and its landlocked neighbours.”

Ghana is targeting LPG adoption of 50 per cent of households by 2030, up from about 30 per cent today. Sahara’s investments will support clean energy access for more than 35 million people, while strengthening Ghana’s role in regional LPG trade to neighbouring and landlocked West African markets.

The commissioning comes in Sahara Group’s 30th anniversary year, guided by the Sahara Beyond XXX milestone, underscoring Sahara’s focus on building an enduring enterprise that delivers responsible growth, shared prosperity and long‑term impact across its markets.

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International News

NATO Shoots Down Third Iranian Missile in Turkey

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NATO air defence systems have intercepted a third ballistic missile believed to have been launched from Iran after it entered Turkish airspace, Turkey’s Defence Ministry confirmed on Friday, raising fresh concerns about the growing tensions in the Middle East.

In a statement, the ministry said the missile was neutralised by NATO air and missile defence assets deployed in the eastern Mediterranean after it crossed into Turkish territory.

SEE MORE: WHO Releases Alarming Casualty Figures From US‑Israel‑Iran Conflict

The latest interception triggered security alerts across parts of southern Turkey.

Air raid sirens reportedly sounded at the strategic Incirlik Air Base, a key NATO military facility that hosts United States troops and other allied personnel.

Residents in the nearby city of Adana were awakened around 3:25 a.m. by the warning alarms. Some locals reportedly captured footage showing what appeared to be a fast-moving object on fire streaking across the sky.

Similar sirens were also heard in the eastern Turkish city of Batman around 4:00 a.m., with reports indicating the alarm may have been linked to a nearby military drone base located close to the city’s airport.

The incident marks the third time NATO defence systems have intercepted missiles linked to Iran in recent weeks. The first missile was shot down on March 4, while a second was intercepted earlier this week.

Following Monday’s incident, the United States temporarily shut down its consulate in Adana and urged American citizens to leave southeastern Turkey due to security concerns.

Iranian President Masoud Pezeshkian, however, reportedly denied that the missile had been launched from Iran during a telephone conversation with Turkish President Recep Tayyip Erdogan.

The rising tensions come amid the ongoing conflict that erupted on February 28 involving the United States, Israel and Iran. Since the outbreak of hostilities, Tehran has reportedly carried out retaliatory strikes across several locations in the Middle East.

Incirlik Air Base remains one of NATO’s most important strategic military facilities in the region. The base has hosted US troops for decades and also accommodates military personnel from other NATO member states including Spain and Poland.

Another key NATO installation is located in Kurecik, in Turkey’s Malatya province, where US troops operate an early-warning radar system capable of detecting missile launches from Iran. The radar facility forms part of NATO’s broader ballistic missile defence shield.

Although Turkish authorities have consistently denied that radar data from the base has been shared with Israel, its presence has reportedly raised concerns in Tehran.

Earlier this week, Turkey also confirmed the deployment of a Patriot missile defence system in Malatya as NATO strengthens its regional missile defence posture amid the escalating conflict.

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