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N80bn Fraud: Suspended Accountant-General Not Our Member, Says ICAN

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The Institute of Chartered Accountants of Nigeria has said that it cannot sanction the suspended Accountant General of the Federation, Ahmed Idris, over his alleged involvement in an N80bn fraud because he is not a member of ICAN.

The institute said this on Monday in a statement while responding to a letter written by the Human and Environmental Development Agenda asking ICAN to investigate and sanction Idris who is being probed by the Economic and Financial Crimes Commission.

HEDA had called on ICAN to subject Ahmed to the institute’s Disciplinary Tribunal for thorough investigation and sanction.

Responding to the letter, the Registrar/Chief Executive Officer of ICAN, Prof Ahmed Kumshe, said that the Institute cannot sanction Ahmed because he was not a member of ICAN.

He said, “The attention of the Institute of Chartered Accountants of Nigeria has been drawn to some publications in the media where a group known as Human & Environmental Development Agenda is asking ICAN to investigate and sanction the erstwhile Accountant-General of the Federation being probed by the Economic and Financial Crimes Commission for corruption.

“We wish to inform the organisation and the general public that the former Accountant-General, Alhaji Ahmed Idris, is not a member of ICAN and therefore cannot be investigated and sanctioned by ICAN.

“Our act only allows us to regulate and discipline our members when they err at our Investigating Panel or Disciplinary Tribunal as the case may be.”

Three days after his arrest, Idris was suspended by the Minister of Finance, Budget and National Planning, Zainab Ahmed, to allow for a seamless investigation.

READ ALSO: BREAKING: EFCC Arrests Nigeria’s Accountant General For N80bn Fraud

The Federal Government also appointed Anamekwe Nwabuoku to oversee the Office Accountant-General of the Federation in the interim.

However, the EFCC has released Idris on bail pending further investigations.

A former Governor of Zamfara State, Abdul’Aziz Yari, has also been arrested over the alleged scam.

The Accountant-General of the Federation is the administrative head of the treasury of the country and is saddled with the responsibility of managing receipts and payments of the country.

PUNCH.

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Residents Displaced As Rainstorms Wreck Havoc In Edo Community

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Lampese community in Akoko-Edo Local Government Area of Edo State has been ravaged by rainstorms.

The incident was said to have occurred Friday as a result of a heavy downpour which affected many houses including the electricity transformer.

An eyewitness account described the incident as very unfortunate following the level of devastation.

Residents of the community have therefore called on the state and local governments and all concerned authorities to come to their rescue with a view to proffering urgent solutions and resettling displaced residents.

READ ALSO: PHOTOS: Properties Worth Millions Destroyed As Fire Razes Shops In Benin

Reacting to the situation, the local government council chairman, Tajudeen Suleman, who said he was far away in Enugu State for an official engagement, disclosed that he has mobilised the council officials to the scene for an on-the-spot assessment immediately he got the news, promising to visit victims as soon as he returns today.

He also said he was in touch with the state deputy governor, Marvellous Omobayo and the State Emergency Management Agency (SEMA) on moves to fast track the process of resettling affected persons.

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Lawyer Drags NERC, AGF, Minister Of Power To Court Over Electricity Tariff Hike

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A Senior Advocate of Nigeria (SAN), Joe Agi, has taken legal action against the National Electricity Regulatory Commission (NERC) and Abuja Electricity Distribution (AEDC) for allegedly raising his electricity tariff by 230 per cent.

The case is currently being heard by Justice Inyang Ekwo of the Federal High Court in Abuja, where Agi is seeking the protection of his fundamental rights.

In his application, the senior lawyer asks the court to declare that the new tariffs and the hours of supply violate the Electricity Act of 2023 and Section 42 of the 1999 Constitution.

The applications list NERC, the Minister of Power, Adebayo Adelabu; the Attorney-General of the Federation (AGF), Lateef Fagbemi, and AEDC as the first to fourth respondents, respectively.

READ ALSO: Customer Drags NERC, AGF To Court Over Electricity Tariff Hike, Classification

In the attached affidavit submitted with the lawsuit, the attorney stated that he purchased 682kwh of utility from the AEDC on both March 23 and April 3, for a total of N50,000.

Furthermore, Agi declared that on April 6, he made another N50,000 utility purchase, but this time the value of the purchase was reduced to 206.7kwh.

He expressed his concern regarding this unexpected change but later discovered that the NERC and AEDC had implemented a system known as “bands” in the country. Under this system, NERC issued the April 2024 Supplementary Order to the Multi-Year Tariff Order 2024.

“That from the tariffs shared, the 1st and 4th respondents (NERC and AEDC) increased my tariffs by 230%, whereas others had theirs increased by 236%,177% and some others 0% in Nigeria.

READ ALSO: Electricity Workers Fault Tariff Hike, Threaten Strike

“The tariffs are discriminatory and the hours of supply are discriminatory between consumers and consumer categories and should be cancelled,” the SAN prayed the court.

Agi criticized the statement made by NERC’s chairman, Musiliu Oseni, on April 1st, where he stated that “only 15% of the electricity consumers in the country who consume 40% of the nation’s electricity are the ones affected.”

In Agi’s view, this directive creates a distinction between the 15% and the remaining 85% of consumers in Nigeria, which he considers discriminatory.

He argued that the use of US Dollars to determine tariffs in Nigeria is unnecessary and goes against public policy.

READ ALSO: Edo Guber: ‘Which Campaign Council’, Orbih Fumes, Rejects Inclusion

Consequently, the applicant requested “a declaration that the NERC Supplementary Order to the MYTO 2024 is discriminatory, unconstitutional, and a clear violation of the applicant’s right to freedom from discrimination as guaranteed under Section 116 (2) (e) of the Electricity Act, 2023, and Section 42 of the 1999 Constitution (As Amended).”

He also stated that it violates the African Charter on Human and Peoples Right (Ratification and Enforcement) Act Cap A9 Vol. 1LEN 2004.

Agi also requested the court to declare that the use of the United States of American dollar exchange rate to determine the cost of tariffs in Nigeria is illegal, unconstitutional, and against public policy. Additionally, he sought an order to invalidate the NERC Supplementary Order to the MYTO 2024, as it is discriminatory and a clear violation of his right to freedom from discrimination as protected by the law.

However, no hearing date has been scheduled for this matter.

Recall that on April 3, NERC increased the electricity tariff for customers in the Band A category, who receive 20 hours of power supply daily, from N66/kWh to N225/kWh.

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JUST IN: Gas Explosion Rocks Abeokuta

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Panic gripped residents of Ita-Oshin area of Abeokuta, Ogun State capital, when a gas tanker explosion left a trail of devastation, claiming four lives and about six vehicles were burnt.

It gathered that the explosion, occurred following an accident involving the gas tanker, when it was trying to manoeuvre along the road railings.

READ ALSO: BREAKING: Four Feared Killed As Tanker Explosion Rocks Rivers

It was further gathered that emergency response teams, including personnel from the Federal Road Safety Corps, Ogun State Fire Service swiftly mobilized to the scene to evacuate the remains of the victims and contain the inferno.

Among the vehicles consumed by the inferno were taxis, a private car, and a truck, with the impact extending to nearby shops and houses.

While security and safety officials present at the scene are yet to provide a comprehensive statement regarding the incident, eyewitnesses, who spoke under the condition of anonymity, said some casualties had already been rushed to the hospital by the response teams.

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