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HomeBusinessN80 bln fraud: Embattled AGF Idris not our member ~ICAN

N80 bln fraud: Embattled AGF Idris not our member ~ICAN

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The Institute of Chartered Accountants of Nigeria (ICAN) on Monday disowned the embattled Accountant General of the Federation, Ahmed Idris, noting that the institute cannot sanction him over his alleged involvement in an N80 billion fraud because he is not a member of ICAN.

In a statement responding to a letter written by the Human and Environmental Development Agenda (HEDA) asking ICAN to investigate and sanction Idris who is currently under investigation by the Economic and Financial Crimes Commission (EFCC), the institute said Indris is not associated with ICAN.

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

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.

On May 16, the EFCC arrested the Accountant General of the Federation, Idris for alleged involvement in an N80 billion Fraud.

“The Commission’s verified intelligence showed that the AGF raked off the funds through bogus consultancies and other illegal activities using proxies, family members and close associates.

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However, in its response to HEDA letter, the Registrar/Chief Executive Officer of ICAN, Ahmed Kumshe, said that the Institute cannot sanction Ahmed because he was not a member of ICAN.

“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, 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,” ICAN registrar stated.

Last week, the EFCC released the embattled Accountant-General of the Federation, Idris on administrative bail.

Idris left the custody of the anti-graft agency on Wednesday night after spending 18-day in detention and has since been reunited with his family.

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