Forensic auditing, tool to curb corruption in Nigeria

Chioma Eche, Abuja


The Chartered Institute of Forensic and Investigative Auditors of Nigeria, CIFIA has said that forensic investigative auditing is the key tool to fight criminality and fraud in the country.

The Chief Promoter of the bill, Dr. Victoria Enakpe made this known during a Voice of Nigeria’s exclusive interview programme “In the News” with Ben Shemang in Abuja, the nation’s capital.

Dr. Enakpe urged the Nigerian government to speed up the signing of the Forensic bill into law to fight against financial fraud and prosecution of the scam cases in the country.

She said that the main objective of CIFIA is to work within the investigative process through Science and technology from the scene of financial fraud to court, providing evidences for justice.

“Chattered institute of forensic and investigative auditors of Nigeria, this professional body is not accounting professional body as some may be thinking its anti fraud organisation that is out to provide skills to relevant professional on the use of science and technology to prevent fraud, detect it and investigate it if it eventually happen and from there we have all it takes as well to put in place some sophisticated mechanisms to block the loop holes “she added

Speaking further, Dr. Enakpe said there is a great difference between Forensic audit and traditional auditing and  that place of CIFIA cannot be over emphasised adding that the organisation should not be seen as  threat to any existing professional bodies in the country, rather would checkmate the unremitting influence of corruption and other financial crimes in the country.

“The way we do it is to train relevant professional showing them how to make use these mechanisms like I told you earlier; if you watch we have been having our training every month.”

“what we are really doing is to train the auditors and tell them how to use digital technology to bring out the fact or fraud that is being committed in a financial statement and some time when somebody commit fraud, the person denies saying he/she has nothing to do with the crime but as forensic auditors we have mechanisms that we can use.”

“What we do is investigate, who are involved, where the crime is committed, and why it was carried out. All these things put together will tell us how fraud was committed and the truth will be unveiled to enable persecution of the offenders”.

Enakpe added that the emergency of Forensic and investigative auditing on global scene stemmed from the realisation that fraudsters had now devised sophisticated means of perpetrating their crimes.

“There is need for specialisation as it is done in other countries. We are more for prevention of fraud, for prevention is better than cures.”

She applauded the present administration’s agenda against corruption and urged the government to speed up the bill to also join in the fight against fraud and preserve money in the country’s treasury to save the nation’s economy and create employment for youths.