Nigeria News

Fuel Subsidy: House Lifts Ban on Adekanola

 The House of Representatives has revoked its resolution calling on the federal government to blacklist and prosecute a foremost indigenous firm of chartered accountants and tax practitioners, Olusola Adekanola & Co., for alleged involvement in the petroleum subsidy regime.

The decision by the House to quash the resolution, a fall-out of recommendation by its ad-hoc committee on fuel subsidy probe, was as a result of a petition by Olusola Adekanola & Co., which, according to the House, showed that the accounting firm was never in any way involved in the subsidy regime before the investigation by the House and eventual cessation of service to its employer, Federal Ministry of Finance.

A statement by the media and communication consultant to Olusola Adekanola & Co., Mr. Kazie Uko,  at the weekend quoted the transcript of votes and proceedings of the House, No. 98, dated Wednesday, June 5, 2013, as saying the House in the Committee of the Whole chaired by the deputy speaker, Hon. Emeka Ihedioha, considered the report of its Committee on Public Petitions to reconsider the House resolution on the petroleum subsidy report, as it affected Olusola Adekanola & Co. The petition was presented to the House by Hon. Uzo Azubuike (Abia North/Abia South Federal Constituency).

“When the question was put to vote by the House Speaker, Hon. Aminu Waziri Tambuwal, who presided during the plenary, the House adopted the report and thereafter quashed the earlier recommendation and subsequent resolution to the government to blacklist and prosecute the firm of Olusola Adekanola & Co,” the statement said.

Olusola Adekanola & Co., had in various publications protested its indictment by the House of Representatives ad-hoc committee on petroleum subsidy regime, chaired by Hon. Farouk Lawan, declaring that it was innocent of the allegation of wrong doing against it.

“We hold the House of Representatives committee on fuel subsidy in high esteem and we are sure that it did not have valid information within its reach to premise its recommendations on. We are therefore prepared to avail it information and evidence to assert our innocence on this subject,” executive chairman of Olusola Adekanola & Co, Otunba Olusola Adekanola,  had announced in one the publications.

The statement stated that the management and staff of the accounting firm received the news of the reprieve with thanksgiving to God and gratitude to the House, for correcting the injustice against the firm.

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