The Human and Environmental Development Agenda (HEDA Resource Centre) has lauded the National Executives of the Institute of Chartered Accountants of Nigeria (ICAN) for their decisive disciplinary action against the embattled former Accountant General of the Federation, Mr. Jonah Otunla, on professional grounds.

In a statement issued by HEDA’s Chairman, Olanrewaju Suraju, the anti-corruption group expressed the appreciation for ICAN’s fulfilment of commitment to inform the organisation of the outcome of a disciplinary proceeding against Mr. Jonah Otunla. The group had previously filed a complaint against Mr. Otunla, accusing him of embezzlement and stealing approximately N6.3 billion.

HEDA stated: “We received the judgment with excitement and assurance that accountability is about to take firm root in our professional associations. We also commend the President of the Institute and his Council members on this act.

“We, as an organization, believe that the disciplinary action and its outcome will further deter corrupt practices among members of this noble profession. Thank you once again as you are always assured of our support and commitment to professional integrity, enforcement of ethics, and the fight against corruption and misappropriation of public funds in the country.”

According to the eight-page judgment delivered by the ICAN Disciplinary Tribunal, Mr. Otunla has been suspended from membership of the Institute of Chartered Accountants of Nigeria for a period of ten years. Additionally, he has been ordered to return his membership certificate and license.

“The suspension period shall run from the date the certificate and license are returned to the institute. The respondent is also ordered to pay the cost of ₦1,000,000, which covers the expenses of the proceedings at the investigating panel and the tribunal in this case,” the judgment stated.

“Furthermore, failure to comply with the judgment will result in automatic removal from the institute’s membership register.”

HEDA further welcomed the judgment with enthusiasm and expressed confidence that it would foster a stronger culture of accountability within professional associations.

“We also extend our congratulations to the President of the Institute, Mallam Tijani Musa Isa BSc, M.IoD, FCA, his Council members, and the entire Institute for this significant accomplishment.

“As an organization, we firmly believe that this disciplinary action and its outcome will serve as a powerful deterrent against corrupt practices among members of this esteemed profession.”

Update news