Fraud examiners mark worldwide consciousness week

The Affiliation of Licensed Fraud Examiners, South-West Nigeria Chapter, has intensified efforts to fight monetary fraud in Nigeria by marking Worldwide Fraud Consciousness Week.

The week-long actions featured strategic engagements, capability constructing, and collaborative initiatives aimed toward fostering transparency and accountability throughout sectors.

A key spotlight was a courtesy go to to the Nigerian workplace of the Affiliation of Chartered Licensed Accountants.

The go to underscored the significance of collaboration in combating corruption. ACCA Nation Head, Mr. Tom Isibor, emphasised the worth of partnerships, noting that “Partnerships like these reinforce the combat in opposition to corruption in Nigeria.”

The ACFE additionally hosted a well-attended webinar centered on constructing anti-fraud programmes. Facilitator Fiyinfolu Okedare careworn the significance of implementing tailor-made methods.

“Prevention begins with strong programmes that combine ethics and accountability,” Okedare stated.

A panel dialogue on ethics and fraud additional drove dwelling the anti-fraud message. Consultants, together with Oluwatomi Benson from KPMG West Africa, mentioned the steadiness between threat and deception.

Benson stated, “Moral decision-making is central to mitigating fraud dangers.”

Company engagement fashioned one other pillar of the week’s actions, with visits to organisations comparable to TVC Communications, KPMG Nigeria, and Forvis Mazars. These collaborations emphasised information sharing and joint motion in addressing systemic fraud.

Olawuyi Saheed of KPMG remarked, “Collaboration is vital to addressing systemic fraud dangers.”

On her half, the President of the Affiliation of the Licensed Fraud Examiners South-West, Nigeria, Dr. Titilayo Fowokan, highlighted the significance of steady studying; steady studying ensures our members keep forward in a always evolving panorama.

Beneath Fowokan’s management, the chapter has carried out a 7-point agenda centered on capability constructing, social visibility, and anti-fraud collaboration.

“Our purpose is to foster accountability and strengthen skilled competence in fraud examination,” she added.

Reflecting on the 12 months’s achievements, Fowokan expressed optimism, “The progress now we have made in 2024 units a robust basis for a fraud-free Nigeria.

“Looking forward to 2025, the ACFE plans to deepen its initiatives, encouraging moral practices and transparency throughout Nigeria’s sectors.

“As fraud continues to threaten Nigeria’s improvement, the ACFE’s efforts present a beacon of hope. Stakeholders are urged to affix the collective combat to construct a tradition of integrity and accountability,” she acknowledged.