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Court set to hear suit on turf battle between ICAN, forensic fraud investigators institute

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The Federal High Court in Abuja on Tuesday fixed Nov. 24 for hearing in a suit filed by the Chartered Institute of Forensics and Certified Fraud Investigators of Nigeria (CIFCFIN) against the Institute of Chartered Accountants of Nigeria (ICAN).

CIFCFIN is challenging the power of ICAN to train and issue qualifying certificates to forensic professionals.

The matter, which is before Justice Joyce Abdulmalik, was initially scheduled for mention on Tuesday but the case was adjourned to enable parties appear properly before the court.

The News Agency of Nigeria (NAN) reports that CIFCFIN, through its counsel, Shaibu Aruwa, a Senior Advocate of Nigeria (SAN), sued ICAN as the sole defendant in the suit marked FHC/ABJ/CS/1559/2026.

CIFCFIN argued that ICAN cannot offer a “Certification Programme culminating in the award of Certified Forensic Accountant of Nigeria (CFAN).”

It submitted that this was in line with the combined interpretation of Sections 2(a) – (i),3(1)(a) and 4(a) – (c), 6(2), 12(2), 13, (1) () and (g), 17(1l) (a) and (b) and 22 of the Chartered Institute of Forensics and Certified Fraud Investigators of Nigeria (Establishment) Act No. 45, 2022,

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Mohammed Arafat, the Head of Legal and Corporate Services of CIFCFIN, maintained in a supporting affidavit that ICAN’s invitation to applicants for a seven-day professional certification programme culminating in the award of Certified Forensic Accountant of Nigeria (CFAN), is outside its mandate and could confuse the general public.

The plaintiff alleged that ICAN had invited applicants in the fields of knowledge of chartered accountants, compliance managers, bankers, investment analysts, auditors, and anti-corruption agencies staff and other institutions to register for the programme.

CIFCFIN, therefore, prayed the court for an order setting aside and nullifying the award of the qualification or the CFAN certificate, or any other qualification or certificate in the field and practice of forensics in Nigeria by ICAN.

It urged the court to make an order for the defendant to withdraw, retract or cease any publication, gazette notice, or public representation asserting that it has power to certify or license.

CIFCFIN also sought an order of perpetual injunction restraining ICAN, its council, etc, from issuing, advertising or recognising CFAN qualification, designation, licence or certification or any title or award identical or similar to those created under the provisions of its Act.

It further sought a declaration that “by the combined provisions of Sections 2(a) -(i), 3(1)(a) and 4(a)- (c), 6(2), 12(2), 13, (1)(0) and (g), 17(1)(a) and (b) and 22 of the Chartered Institute of Forensics and Certified Fraud Investigators of Nigeria (Establishment) Act No. 45. 2022, the defendant cannot offer ‘Certification Programme’ culminating in the award of CFAN.”

(NAN)


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NNPC’s profit after tax rises to N431bn in August

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The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it recorded a 54.5 per cent increase in Profit After Tax (PAT), rising from N279 billion to N431 billion in August 2026.

NNPC Ltd. made this known in its monthly operations and financial report for the month of August 2026.

According to the report, revenue for the period stood at N3.74 trillion as against N3.09 trillion recorded in July.

It said the company also recorded a 19.89 per cent increase in cumulative statutory payments, from N7.91 trillion for January to July, amounting to N9.49 trillion from January to August.

The report puts the average crude oil and gas production figures for the period at 1.69 million barrels per day (bpd) and 7,680 million standard cubic feet per day, respectively.

ALSO READ: NNPC posts ₦535 billion profit, records 1.72 million barrels daily oil output in June

On the state of infrastructure, it said there was 100 per cent availability of upstream pipelines, while the OB3 and Ajaokuta-Kaduna-Kano (AKK) Gas Pipelines stood at 100 per cent and 95 per cent completion, respectively.

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(NAN)


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IGP: Illicit Arms Proliferation Fuelling Terrorism, Banditry, Kidnapping Across Africa

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The Inspector-General of Police, IGP Olatunji Rilwan Disu, psc(+), NPM, today, Monday, 12th October 2026, declared open the Small Arms and Light Weapons Identification and Tracing (SALW-IT) Simulation Programme in Abuja. The five-day programme, running from 12th to 16th October 2026, is designed to strengthen participants’ capacity to identify, mark, register and trace small arms, light weapons and ammunition.

Participants are drawn from Nigeria, Chad, the Central African Republic, Mali, Algeria, Côte d’Ivoire, Burkina Faso, Cameroon, Niger, Libya, Benin and the Republic of the Congo. The training combines technical instruction with practical exercises, including simulations at the Nigeria Police Simulation Centre.

In his remarks, the IGP described illicit arms proliferation as a major threat to peace and security across Africa, fuelling terrorism, banditry, kidnapping and organised crime. He noted that effective weapons tracing helps investigators uncover trafficking networks, financiers and supply routes, enabling targeted action against illicit arms trafficking.

The IGP highlighted the programme’s relevance to preparations for Nigeria’s upcoming elections. He noted that disrupting illicit arms supply would help prevent electoral violence and intimidation, protect voters and electoral personnel, and support the security conditions necessary for peaceful, free and fair elections.

To extend these benefits to frontline policing, the knowledge and skills acquired will be cascaded through structured training and knowledge-sharing across Police commands and formations. This will strengthen officers’ ability to identify, trace and recover weapons, develop actionable intelligence and support routine policing and election-security operations.

The IGP called for closer sub-regional and continental cooperation through timely intelligence sharing, coordinated investigations and mutual assistance in locating and lawfully apprehending suspects involved in transborder crimes. He stressed that cooperation through established legal and institutional channels is essential to preventing offenders from exploiting national borders to evade justice.

He further stated that all Inspectors-General of Police from West and East African countries would come together to deliberate on crime-related issues and develop modalities for addressing transborder crime. These deliberations would support the broader drive for coordinated responses to shared security threats.

The IGP commended the African Union Mechanism for Police Cooperation (AFRIPOL), the Bonn International Centre for Conflict Studies (BICC), INTERPOL, relevant African Union entities and experts from the German Armed Forces Verification Centre for their support. He urged participants to share operational experiences, build lasting professional relationships and apply the knowledge gained in their respective countries.

The Inspector-General of Police, IGP Olatunji Rilwan Disu psc(+), NPM, reaffirmed the Force’s commitment to regional and continental arms-control efforts and pledged sustained institutional support and operational cooperation to translate the training into improved public safety and election security.

The post IGP: Illicit Arms Proliferation Fuelling Terrorism, Banditry, Kidnapping Across Africa appeared first on Business Today NG.

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