BY GODWIN OBI
The Naira on Monday lost against the Dollar as it exchanged at N773.50 at the Investors and Exporters window.
The local currency depreciated by 7.08 per cent against the N736.62 it exchanged for the dollar on September. 8.
The open indicative rate closed at N771.49 to the Dollar on Monday.
A spot exchange rate of N804.15 to the Dollar was the highest rate recorded within the day’s trading before it settled at N773.50.
The Naira sold for as low as N722.39 to the Dollar within the day’s trading.
A total of 37.86 million dollars were traded at the investors and exporters window on Monday
Akintola William dies
In another development, the Institute of Chartered Accountants of Nigeria, ICAN, has confirmed the death of Akintola Williams, who became Africa’s first chartered accountant at age 30.
A reliable source from the Institute told Frontline Reporters that the President and the Registrar of ICAN are presently not in town but explained that a visit was made to the home of the deceased to confirm the news of his death.
Late Pa Akintola Williams
Williams, who played a leading role in establishing the Association of Accountants in Nigeria in 1960, with the goal of training accountants, served as the first president of the association and also as the pioneer president of ICAN.
In recognition of his hardwork in the development of accountancy and contributions to the economic growth of Nigeria, he was honoured by the Nigerian government with the Order of the Federal Republic (OFR) in 1982 and Commander of Federal Republic (CFR) in 2001.
The Nigeria-Britain Association presented awards to Williams, alongside John Kufuor, ex-President of Ghana, for their contributions to democracy and development, on May 8, 2011, among other award and recognition.
Williams was born on August 9, 1919, into the family of Thomas Ekundayo Williams. (104 years)
He had his primary education at Olowogbowo Methodist Primary School, Lagos in the 1930s and attended the CMS Grammar School, Lagos, for his secondary education.
As a result of his academic brilliance, he won a UAC scholarship for his higher education at the Yaba Higher College where he obtained a diploma in commerce.
Afterwards, he then proceeded to the University of London in 1944 to study banking and finance where he graduated with a bachelor of commerce degree in 1946.
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