ICAN Delisting, Suspension & Re-admission (A Comprehensive Guide 2025)

By icangirl 06/06/2025 ICAN 0 Comments

ICAN Delisting, Suspension & Re-admission: The Institute of Chartered Accountants of Nigeria (ICAN) is the premier professional accounting body in Nigeria, responsible for certifying chartered accountants and regulating the ethics, conduct, and practice of its members. As a regulatory body, ICAN upholds high standards of professionalism and discipline, which include mechanisms for delisting, suspension, and re-admission of members when necessary.

This blog post offers a detailed, up-to-date guide on ICAN’s policies and procedures regarding delisting, suspension, and re-admission, helping members and prospective members understand the implications and how to navigate each process.

Important notice for ICAN non-financial members.

Understanding the Terms

1. Suspension

Suspension refers to the temporary removal of a member’s rights and privileges due to disciplinary actions or non-compliance, such as failure to pay annual dues or violation of ICAN’s Code of Conduct.

2. Delisting

Delisting occurs when a member’s name is permanently removed from ICAN’s register. This can happen for gross misconduct, prolonged default, or as a result of disciplinary tribunal decisions. A delisted member is no longer recognized as a chartered accountant under ICAN.

3. Re-admission

Re-admission is the restoration of membership after suspension or delisting, subject to conditions set by ICAN. This may include payment of dues, attending CPD (Continuing Professional Development) programmes, and undergoing re-assessment of competence.

Suspension: Grounds and Process

Common Grounds for Suspension:

Failure to pay annual membership dues.
Negligence or professional misconduct.
Involvement in criminal activity.
Breach of ICAN’s Professional Code of Conduct.

Suspension Process:

Notice of Default or Misconduct is issued.
The affected member is invited to respond or appear before a disciplinary panel.
If found guilty, a suspension order is issued.
A member loses voting rights, use of designation (ACA/FCA), and practice license, if applicable.

How to Resolve:

Pay outstanding dues or penalties.
Complete any CPD requirements.
Submit a written appeal or defence if wrongly suspended.

Delisting: When and Why It Happens

Grounds for Delisting:

Prolonged non-payment of dues (typically beyond 5 years).
Severe professional misconduct (e.g., fraud, embezzlement).
Failure to comply with recertification or CPD regulations.
Criminal conviction affecting the integrity of the profession.

ICAN Disciplinary Tribunal:

The ICAN Disciplinary Tribunal—established by the ICAN Act—has the legal authority to hear cases and determine if delisting is warranted. Members may be:

Delisted permanently, or
Recommended for readmission after a stated period under specified conditions.

Re-admission: How to Return to ICAN’s Register

General Eligibility:

A delisted or suspended member may apply for readmission if:

They’ve resolved the issue(s) that led to the action.
They provide satisfactory evidence of good conduct and professional rehabilitation.
They meet ICAN’s re-admission requirements.

Re-admission Requirements:

Formal application addressed to the Registrar/Chief Executive.
Payment of outstanding dues, re-admission fee, and penalties.
Evidence of CPD compliance.
Affidavit of good conduct from a reputable professional or firm.
For long-term delisting, a competency test or interview may be required.
Approval by ICAN Council after verification.

Typical Fees (as of 2025, subject to change):

Item	Cost (₦)
Re-admission Fee	₦100,000
Annual Dues (per year in default)	₦4,000 – ₦7,000
Penalty (varies by case)	₦10,000 – ₦50,000+
CPD Program Fee (if required)	₦25,000 – ₦50,000

Note: ICAN reserves the right to adjust these fees. Always confirm via official channels.

Information on Delisting and Suspension

This is to call your attention to the decision of the Council of the Institute on the delisting and suspension of members as advertised in the Punch Newspaper on Wednesday, January 22, 2024, wherein members owing subscriptions for more than three (3) years were delisted and those owing subscriptions from four (4) months up to three (3) years were suspended, effective January 1, 2024.

This is a sequel to the Council’s decisions on the above after the expiration of the December 31, 2024, deadline given to defaulting members to reconcile and fulfill their financial obligations.

Please note that the conditions for re-admission and lifting of suspension are available on the institute’s website icanig.org and are attached for your information and guidance.

Download the Official Press Release on Delisting Here

REASON FOR DELISTING

A member is delisted if he/she defaults on the payment of dues (subscription/faculty) and license (if in practice) for more than three (3) years.

PROCEDURE FOR RE-ADMISSION OF DELISTED MEMBERS

Pay a readmission fee of fifty thousand naira (N50,000=) and ALL outstanding dues (subscription/faculty) and license (if in practice) as of the time of application for readmission.
Download and complete the readmission form on the ICAN website.

CONDITION FOR SUSPENSION A member is suspended if he/she defaults in the payment of dues (subscription/faculty) and license (if in practice) from four (4) months up to three (3) years.

PROCEDURE FOR LIFTING OF SUSPENSION

Pay a penalty fee of ten thousand naira (N10,000) and ALL outstanding dues (subscription/faculty) and license (if in practice).

EFFECTIVE DATE FOR DELISTING OR SUSPENSION

The effective date for delisting and suspending erring members shall be May 1 of every year. Please note that a suspended member who has failed to be a financial member by April 30 shall be a delisted member by May 1, where the period of suspension exceeds three (3) years.

MODE OF PAYMENT

Payment can be made through the following channels using your membership number, which is: MB0XXXXX

Any ICAN office, Naira debit card on POS, or cheque (delisted & suspended members).
WebPay under the members section of the institute’s website, icanig.org (delisted & suspended members).
Pay directly in favor of the Institute at any commercial bank in Nigeria (suspended members only).
Pay directly in favor of the Institute at any commercial bank in Nigeria (suspended members only).

FOR FURTHER INQUIRIES, PLEASE CONTACT:

Roposola – 08035374029 – ragbolade@ican.org.ng
Funmi – 08028479219 – ooogunniyi-david@ican.org.ng
Gbolahan – 08033036463 – gaakinlawon@ican.org.ng

Download Press Release on Conditions-Procedures-for-Delisting-&-Suspension Here

Download The-Delisted-Members-Re-Admission-Form Here

Tips to Avoid Suspension or Delisting

Pay dues promptly each year.
Keep contact details updated with ICAN to receive timely communication.
Attend mandatory CPD programs to maintain professional competence.
Avoid conflicts of interest and maintain ethical standards.
Seek legal or professional advice if facing a disciplinary hearing.

Contacting ICAN for Clarifications

If you believe you’ve been wrongly suspended or delisted or need guidance on readmission, reach out to ICAN through:

Official Website: https://www.icanig.org
Email: membership@ican.org.ng
Phone: +234 (0) 906-254-7812
Membership Services Unit, ICAN Secretariat, Victoria Island, Lagos

Conclusion

To continue enjoying the numerous benefits of ICAN membership and elevate your expertise and skills, you need to meet your ICAN obligations, including payment of dues and licenses. This will keep you from being suspended or delisted.

In case you have any inquiries or complaints about ICAN suspension or delisting policies, please contact ICAN directly via their official website.

While delisting or suspension from ICAN can significantly affect your career, the body provides clear pathways for redress and re-admission. Maintaining active membership, fulfilling ethical and professional obligations, and staying informed about ICAN’s evolving policies are critical to long-term success in the accountancy profession in Nigeria.

Whether you’re a current member, returning professional, or prospective accountant, understanding these processes helps safeguard your professional journey and reputation.

Ican Pathfinder