Olusola Adekanola & Co, Cleared Of Alleged Complicity In Subsidy Fraud

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A foremost indigenous firm of chartered accountants and tax practitioners, Olusola Adekanola & Co, has been cleared from alleged fraudulent involvement in the petroleum subsidy regime. The clean bill of health given to the company last week follows the House of Representatives revocation of its resolution when it had called on the Federal Government to blacklist […]

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A foremost indigenous firm of chartered accountants and tax practitioners, Olusola Adekanola & Co, has been cleared from alleged fraudulent involvement in the petroleum subsidy regime.

The clean bill of health given to the company last week follows the House of Representatives revocation of its resolution when it had called on the Federal Government to blacklist and prosecute the company.

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 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.