Institute of Chartered Accountants of Nigeria (ICAN) at the weekend charged the new President of the country, Muhamadu Buhari, to deal decisively with corruption and reduce the cost of governance in the country.
ICAN President, Mr. Chidi Ajaegbu, gave this charge to the President in an interview with journalists after he commissioned the Arthur Mbanefo Lecture Theatre, donated by the Institute to the Accountancy Department of University of Nigeria, Enugu Campus.
Ajaegbu also urged President Buhari to consider seriously dropping fuel subsidy, which he described as a “scam.”
The ICAN boss said that if Nigerians are talking about anti-corruption in the country, there was a whole lot of money to be recovered and channeled into developmental purposes.
“I want to believe that his disposition so far, appears to be that of a man that is on a mission. I am also hopeful that he will be able to deal with the issue of corruption in the country. He has talked about reducing cost of governance. That is a major issue. In fact, my institute has written so much about that in our advocacy papers. We think that is a major source of drain in this country.”
“He should consider seriously about dropping fuel subsidy. As far as we are concerned, it is a scheme to take money from the country because what they are claiming that we consume, we don’t have the capacity to consume” Ajaegbu said.
He said if Buhari deals with corruption and reduces cost of governance, handles the fuel subsidy thing and uses his military experience to end Boko Haram, he was very hopeful Nigeria would be better for it.