Nigeria to adopt forensic and investigative auditing

Chioma Eche, Abuja


Nigeria’s Attorney General, Abubakar Malami has called for reforms in the nation’s existing anti-fraud mechanisms.

Mr Malami made this known at the 2nd Annual international forensic conference in Abuja Nigeria, with the theme “The paradigm of forensic and investigative Audit in changing the landscape of fraud and corruption.”

He said Nigeria must recognise the need for Sustainable Synergy between Stakeholders and other Professional bodies towards enhancing the capacity of financial crime prosecutors and engendering reforms.

Mr. Malami has however called on the Chartered Institute of Forensic and Investigative Auditors of Nigeria CIFIAN on building capacity for prosecutors, expert’s witnesses, police investigators, Lawyers and others involved in the gathering and use of evidence relating to fraud and financial crime.

“As you are aware, the administration of President Muhammad Buhari, has made the war against corruption one of its key agenda Consistent with his avowed anti-corruption agenda. And through my office as the honourable Attorney General of the federation and minister of justice introduced number of measure aimed at preventing aimed at preventing culprits of corruption from using money use obtained through corrupt means,” he said.

“Some measures like the introduction of the whistleblower policy, Executive Order No.6, establishment of the presidential Advisory Committee against Corruption (PACAC) just to mention a few.

“These measures have yielded a number of positive result particularly in the recovery of proceeds of crime running into billions of Naira through the whistle-blower policy, while such measures would be strengthened to achieve the Buhari’s  Administration that those who corruptly enrich themselves with public funds should not only be denied the benefits of the proceeds their corrupt practices but should be tired in court and where found guilty should be jailed to serve as a deterrence to others,’’ Malami added.

The Attorney General assured that the CIFIA bill would be passed on to the House of Representatives for concurrence and treated on its merits if eventually transmitted to the President for assent.

Also speaking, Secretary to the government of the federation, Boss Mustapha, who was represented by the Permanent Secretary, Amina Shamaki said the Forensic bill should be seen as a welcome development to contribute in the fight against corruption in Nigeria.

Speaking earlier, the Protem President of the Chartered Institute, Forensic and Investigative Auditors of Nigeria, Mrs Victoria Enape, said the primary aim of the institution is to prevent criminal activity concealed in financial accounts and put an end to corruption.

“Nigeria must make progress and prevention to fight the financial fraud, we must urgently embrace this global paradigm shift to forensic and investigative auditing which has proven to be most effective in mining evidence for prosecution of financial crimes.

This we believe will be a major boost to the activities of anti-corruption agencies such as the EFCC, ICPC and CCT to win the war against fraud and corruption in Nigeria” she said.