NEWS
How I Became a Chartered Accountant at 17 – Babcock Student
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
NEWS
Wrong-Way Crane Leaves Three Dead, Three Injured in Ogun Auto Crash
Three people have lost their lives, while three others sustained varying degrees of injuries following a tragic road accident involving a crane and a truck along the Sagamu-Benin Expressway in Ogun State.
The fatal crash occurred at about 5:00 a.m. on Wednesday near Babcock Junction in Ikenne Local Government Area.
Confirming the incident, the spokesperson for the Ogun State Traffic Compliance and Enforcement Agency (TRACE), Babatunde Akinbiyi, said the accident involved a white Mercedes-Benz truck with registration number LG 59 BLF and a yellow crane without a registration number.
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According to Akinbiyi, preliminary investigations showed that the crane was travelling against traffic at excessive speed when it collided head-on with the oncoming truck.
He disclosed that six people—three males and three females—were involved in the crash.
“A total of three persons, comprising two males and one female, lost their lives, while three male victims sustained varying degrees of injuries,” Akinbiyi said.
He added that emergency responders from TRACE, the Federal Road Safety Corps (FRSC), the Nigeria Police Force, and a rescue team known as “Papa Oscar” swiftly arrived at the scene to rescue victims and manage the situation.
The injured victims were taken to the Babcock University Teaching Hospital for treatment, while the bodies of the deceased were deposited at the Olabisi Onabanjo University Teaching Hospital (OOUTH) morgue in Sagamu.
To ease traffic flow, authorities diverted vehicles from Delabo Junction to the second carriageway as efforts continued to evacuate the damaged vehicles from the highway.
Akinbiyi commiserated with the families of the deceased and cautioned motorists against dangerous traffic violations.
“Motorists should avoid route violation and driving against traffic, considering the grave consequences associated with such dangerous acts,” he said.
NEWS
Businessman Alleges Paying PFIPC DG ₦400m To Secure Gov’t Contract
A businessman, Gbenga Collins, has told the House of Representatives Ad Hoc Committee investigating the Presidential Foreign Investment Promotion Council (PFIPC) that he paid ₦400 million to the council’s embattled Director-General, Adeniyi Adeyemi, to facilitate the award of a government contract.
Collins made the allegation on Wednesday while testifying before the committee probing the establishment and operations of the controversial council.
According to the businessman, he travelled to Abuja where he was officially received by Adeyemi in what he described as an atmosphere befitting the head of a government agency, a development that convinced him the council was legitimate.
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He told lawmakers that Adeyemi later handed him a contract award letter, the scope of work, and an agreement authorising his company to execute the renovation and furnishing of the Director-General’s official residence.
“He gave me a contract award letter, the scope of work and, at the same time, the agreement with my company to execute that refurbishment project and asked me to pay the sum of ₦400 million for the facilitation of that project to show my strength that I would be able to handle it and that it would also fast-track the mobilisation for the contract,” Collins told the committee.
Chairman of the ad hoc committee, Yusuf Gagdi, disclosed that Adeyemi’s continued absence from the hearings was because he is currently in police custody and is also being investigated by anti-graft agencies.
Gagdi further revealed that the committee intends to meet with Adeyemi discreetly as part of its ongoing investigation.
As part of the probe, the committee also summoned the Corps Marshal of the Federal Road Safety Corps (FRSC) over the alleged use of official Federal Government number plates on vehicles linked to the disputed council.
The House panel is investigating allegations that the PFIPC operated without lawful authority despite being captured in the 2026 Appropriation Act.
The probe followed allegations by Adeyemi that the Chief of Staff to the President, Femi Gbajabiamila, demanded 48 per cent of the council’s proposed ₦27.3 billion take-off grant. Adeyemi also alleged that the Chief of Staff received ₦400 million through a proxy and later requested an additional ₦200 million to facilitate presidential approvals.
Gbajabiamila has denied all the allegations, maintaining that he has no personal, official or professional relationship with Adeyemi.
He also rejected claims that he demanded or received money, interfered with investigations, or had any connection to allegations surrounding the death of Babatunde Tanimola or an alleged assassination attempt on Adeyemi.
Following the allegations, President Bola Tinubu directed the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to investigate the matter.
The House of Representatives subsequently constituted a 12-member ad hoc committee to investigate the circumstances surrounding the establishment of the PFIPC, how it was included in the 2026 Appropriation Act, and the alleged allocation of about ₦1.3 billion to the council.
Meanwhile, the Director-General of the Budget Office of the Federation, Tanimu Yakubu, had earlier informed the committee that none of the funds appropriated for the PFIPC had been released or spent because the statutory conditions required for their disbursement and utilisation were never met.
NEWS
Trump Decrees Lower Petrol Prices
As crude oil futures fell in response to the US President Donald Trump’s decision to suspend another planned military strike on Iran, he has insisted that oil companies should lower prices pronto.
Trump issued the directive on Monday, according to a post on his Truth Social platform, that oil producers reduce selling prices. “Get your consumer (retail) oil prices DOWN, NOW!” Trump wrote.
According to Oilprice.com, crude prices dropped to $83.62 on Monday. They had earlier jumped to $100 at the height of the renewed crisis between Iran and the United States.
On Monday, Trump called out Chevron Chief Executive Officer Mike Wirth after the executive appeared on television discussing the company’s business.
He accused Wirth of failing to acknowledge the administration’s role in restoring Chevron’s position in Venezuela.
“They threw Mike and Chevron out of Venezuela, but now they’re back, far bigger and stronger than ever before, expecting to make a fortune,” Trump pointed out.
READ ALSO: How Will Local Petrol Prices Respond to Tumbling Oil Prices?
Oilprice.com reported that Chevron resumed operations in Venezuela after the Trump administration reopened access to the country’s oil sector and placed exports under US control.
American refiners have since become some of the largest buyers of Venezuelan crude, restoring a market that had largely disappeared under previous sanctions.
In the United States, the national average price of regular petrol reportedly stood at about $3.29 per gallon on Monday, according to AAA, down only modestly from last week’s highs despite crude prices falling by more than six per cent in a single session.
Retail petrol prices typically lag movements in oil markets because filling stations continue to sell inventories purchased at earlier wholesale prices.
Trump’s latest demand followed two earlier interventions on petrol prices. In June, he called on the Justice Department to investigate petrol prices after crude oil retreated from earlier highs.
Days later, he urged fuel retailers to lower pump prices towards $2.50 per gallon, warning companies that failed to respond would face “big problems”.
West Texas Intermediate crude fell by more than six per cent on Monday, while Brent crude lost more than five per cent after Trump announced a new round of negotiations with Iran and cancelled what he described as a planned “massive” military strike.
Retail petrol prices generally adjust more slowly because refiners, wholesalers and retailers continue selling fuel purchased when crude prices were higher.
Chevron, Exxon Mobil, Valero Energy and Marathon Petroleum all reported sharply higher second-quarter profits last week as the Iran conflict lifted crude prices and refining margins.
Trump’s latest demand comes as those higher earnings coincide with falling oil prices, with his administration pushing the industry to pass lower crude costs on to consumers.
In Nigeria, petrol prices range between N1,250 and N1,300 per litre, depending on the location. They stood at about N830 per litre before the US-Iran crisis began on February 28.





