11/04/2026
Yes, we are members of ICAN, ANAN and many more, why go for Chartered Institute of Treasury Management, CITM again... by Torsaa Donatus from Benue State.
Chartered Institute of Treasury Management of Nigeria (CITM) is not a duplication of Institute of Chartered Accountants of Nigeria or Association of National Accountants of Nigeria. It is a specialization.
Let me break it down clearly:
1. Different Focus: Accounting vs Treasury
ICAN / ANAN Focus on:
Financial reporting,
Auditing,
Taxation,
General accounting systems.
CITM Focuses on:
Cash flow management,
Liquidity planning,
Risk management (financial risks, FX, interest rates)
Public and corporate treasury operations,
Investment and funding decisions.
In simple terms:
Accountants record and report money
Treasury managers control and optimize money
2. Treasury is a Strategic Function
Modern organizations (banks, governments, multinationals) don’t just need records, they need:
Cash availability at all times,
Efficient fund allocation
Risk mitigation.
This is where treasury professionals come in.
For example:
A government may have funds but still face cashflow crises
A company may be profitable but run out of liquidity
CITM trains you to solve these real-life financial management problems.
3. Career Advantage & Specialization
Having ICAN or ANAN gives you a strong foundation, but CITM:
Positions you as a financial strategist, not just an accountant.
It opens roles like:
Treasury Manager,
Risk Manager,
Fund/Portfolio Manager,
Financial Controller (with treasury bias)
In today’s market, specialists are more valuable than generalists.
4. Relevance in Banking & Public Finance
CITM is particularly relevant in:
Banking sector
Government treasury departments
Oil & gas / large corporates, with increasing emphasis on:
Treasury Single Account (TSA)
Financial automation
Risk governance
CITM aligns closely with modern financial system realities in Nigeria
5. Complement, Not Competition
Think of it this way:
ICAN/ANAN = Foundation.
CITM = Specialization in financial control and liquidity
They work together, not against each other.
Bottom Line
You go for CITM because:
It gives you control over money, not just records
It makes you more strategic and relevant.
It differentiates you in a competitive job market.
I am happy for being a member of CITM and looking forward for having you on the membership list.
www.citmnigeria.org
[email protected]
Official website of the chartered institute of treasury management CITM Nigeria official website Chartered Institute of Treasury Management, Nigeria. Institute of treasury management treasury management professional CITM Nigeria
