The Institute of Finance and Control of Nigeria (IFCN) is registered under the Companies and Allied Matters Act (CAMA) 1990, as a professional institute, after securing the approvals of the Federal Ministries of Education and Justice.

The Institute is dedicated principally to promoting efficient financial management and control, due process, accountability and transparency, through capacity building with a view to overcoming poor financial management and control in both the private and public sectors of the Nigerian economy.

It is the mandate of the Institute to build and develop the skills and capacity of its members and other finance professionals who will have attitudinal change towards finance management by evolving sound Financial Control Systems. It will also regulate its members' activities, set ethical standards, promote professional transparency, accountability and integrity.