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<p>By Bala Ibrahim.</p><div class="tgDy9oBZ" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

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<p>Nigeria is in trouble, but perhaps many would not understand until later, because, calling an accountant to account, comes with chronic consequences, especially for PMB, who made the fight against corruption his major campaign focus. The breaking news last night, and one that is trending now is that, the Accountant-General of the Federation, Ahmed Idris, has been arrested.</p>
<p>According to reports, Ahmed Idris was arrested over alleged money laundering and diversion of at least N80 billion in public funds, which was allegedly laundered through some bogus contracts. N80 billion?</p>
<p>Am not good with maths, so I cant easily interpret the number of zeros that make up a billion, but my friend Cham Faliya Sharon, opined thus: “Looting N80bn! Money that is bigger than the annual budgets of some states! This Accountant General of the Federation has the same DNA with Diezani!”</p><div class="3xDmaPLa" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

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<p>Good God! Money bigger than the budgets of some states? Even though by law, the accused is presumed innocent until proven guilty, going by the words of the anti graft agency, EFCC, that the money was invested into real estate in Kano and Abuja using proxies, family members, and close associates, and that Mr Idris was summoned repeatedly for interrogation but evaded or failed to honour the invitations, alongside the doctrine of the balance of probability, which says that, a court would be satisfied that an event occurred if the court considers that, on the evidence, the occurrence of the event was more likely than not, one can say that his actions tantamount to a partial admittance of guilt.</p>
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<p>We all know that it is the duty of the Accountant-General to carry out revenue monitoring and accounting, issue officially approved forms bearing Treasury numbers for use in all State MDAs and other arms of government to ensure uniformity, formulate the Accounting policy of the government, as well as service public debt and loans.</p>
<p>So in a weak capitalist economy like Nigeria, this is a very bad news, and I hope PMB would use it to convince the world that he means business in the fight against corruption.</p>
<p>Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of the society.</p>
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<p>But when the capital thrown into the market is stolen from the public treasury, and the public is expected to compete with such proceeds of corruption, there would be the failure of equality of outcome and that of equal opportunity. And the Economists have long told us that, inequality creates social divisions, and they come with chronic consequences.</p>
<p>In this case, the first consequence is the public perception about the fight against corruption by the Buhari administration. There would be a lot of allusions, one of which has since been advanced by Na-Allah Mohammed Zagga, thus:</p>
<p>“The man implementing IPPIS is now arrested by EFCC for alleged involvement in N80 billion fraud. The primary goal of IPPIS is to check fraud by promoting transparency. The success of any policy depends on the sincerity and integrity of those implementing it. As many critics have said, IPPIS is another name for the centralisation of corruption. They are now vindicated”.</p>
<p>Surely the arrest of the Accountant General would put to test the Key Performance Index, KPI, of PMB’s administration, because a good performance index should mix together elements that all genuinely contribute to the same measurable outcome and offer at a glance insight into a complex situation.</p>
<p>This situation is complex, because for sometimes, Nigeria has been operating under an economic policy that pretends to accomplish three policy goals: stable prices/exchange rate, full employment, and economic growth. All the three are being achieved in the reverse, but the Government is told something else, and the President seems not to be asking whether Nigeria is working with voodoo economics.</p>
<p>With the arrest of Idris, and the reports from the EFCC, we should know why the demand for the dollar is ever high and where the money is going to.</p>
<p>PMB needs to take a second look at his powers to delegate responsibilities to appointees, alongside the weakness or wickedness of the appointees to abdicate that responsibility. Delegating is entrusting a task to another person, while Abdicating is failing to fulfil that responsibility or duty. In the government of PMB, such complaint is abound. And it has the potential of affecting the President’s KPI.</p>
<p>The country is in trouble, but perhaps many would not understand until later, because, calling an accountant to account, comes with chronic consequences.</p>
<p>The President may need to borrow a leaf from what his colleague, Colonel Sani Bello rtd. did in Kano in the 70s, the audio of which is now viral, in a report compiled by Maude Rabiu Gwadabe. I have listened to the report and I see similarities between the allegations against the Accountant General, particularly with regards the issue of real estate, and the then cabinet members of late Audu Bako, which Lawal Haruna Ningi summed up thus:</p>
<p>“When Colonel Sani Bello took over as the Military Governor of Kano State from his predecessor Commissioner of Police Audu Bako, who ruled the state from 1970 to 1975.Col Sani Bello set up a high powered committee led by a Justice from the judiciary. In 1976, Col Sani Bello made CP Audu Bako, his commissioners, heads of department and even the rich people like Aminu Dantata to return houses, farms, vehicles, kickbacks on contracts, and every single Kobo misappropriated by Audi Bako, his cabinet and all government officials of his administration”.</p>
<p>Yes, in the aftermath of the arrest and call on the Accountant General to account, the media is awash with all manner of reports, including one by Sahara Reporters, titled, How Accountant-General, Idris Acquired Multi-Billion Naira Properties, Shared To Family Members, Secretly Married Teenage Girl Before Eventual Arrest By Anti-graft Agency.</p>
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