ICAN sets up N50m anti-corruption fund

ICAN sets up N50m anti-corruption fund

Tuesday, September 1, 2015 11:48 pm


ICAN President, Chief Deru, President Buhari and Governor Ambode

ICAN President, Chief Deru, President Buhari and Governor Ambode

The Institute of Chartered Accountants of Nigeria (ICAN) has set up N50 million-Whistle- Blowing Fund in support of President Muhammadu Buhari’s anti-corruption crusade.

The President of the institute, Chief Olufemi Deru, said this to the State House correspondents after a closed-door meeting with President Buhari in the Presidential Villa, Abuja, on Tuesday.

He explained that the fund would be earmarked for the protection members who exposed corrupt practices in the society.

“We are into integrity and accuracy and we treasure accountability. So, we have like minds.

“I’m so grateful to the President for giving us time to articulate our paper and it was so interesting. I really thank him.

“And I also want to say that ICAN is the voice of business.
Accountability is our business and we uphold the tenets of transparency and we must be transparent in what we do.

“We also have the whistle blowing fund so that anybody who misbehaves and they want to penalise our member, we have N50 million set aside to fight such cause, so that our people can work and be transparent and be unbiased.’’

A book gift from ICAN to Buhari

A book gift from ICAN to Buhari


Gov. Akinwunmi Ambode of Lagos State, a member of ICAN, who also spoke to the correspondents, saluted the leadership style of President Muhammadu Buhari as he marked 100 days in office on Saturday.

According to him, President Buhari has come up with moral leadership in the last 100 days and that is what is needed to fight corruption in the country.

“What President Muhammadu Buhari has come up with in the last 100 days is about credibility and integrity for those of us who are in public office.

“Nobody is judging anyone; what we have seen since May 29 is about strong leadership that had shown direction to all Nigerians.

“The mantra of such leadership that is being reflected by the President is what we are seeing in other states.

“Everybody is beginning to feel that they must obey the rule of law.

“All revenue agencies are now paying to a single account and that makes everyone to be accountable.’’

Ambode described his administration as “continuity with improvement’’ and dismissed the insinuation of his purported intention to probe the Fashola administration.

Gov. Ibikunle Amosun of Ogun, who is also a member of ICAN, reassured the nation that accountants would continue to partner with government at all levels to fight corruption.

“If we want to fight corruption, you will need accountants to collaborate with government in planning, budgeting and management.
If you look at the theme of the 50th anniversary, it is on how to sustain that quality service.

“If you look at the investigations being conducted and all of that, it is accountants that will do the investigation.

“ And that is why I find it very key for government to collaborate with accountants.’

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