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Nigeria Is Losing Trillions To Corruption, Say Forensic Experts - Politics (2) - Nairaland

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South-East To Sue FG, Demands Creation Of 6th State; To Demand For Trillions / 75% Of Nigeria’s Budget Lost To Corruption – Forensic Experts / Court Upholds Buhari Executive Order On Seizure Of Assets Linked To Corruption (2) (3) (4)

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Re: Nigeria Is Losing Trillions To Corruption, Say Forensic Experts by Bizibi(m): 6:58am On Aug 16, 2019
Mtcheeeew.....
Re: Nigeria Is Losing Trillions To Corruption, Say Forensic Experts by DameB(f): 7:10am On Aug 16, 2019
ReubenE:
As usual

More attention should be given to value reorientation especially at the childhood level.

There's hardly anything that Nigerians do right. We cross the expressway at OJOTA when there are two pedestrian bridges to serve same purpose, when someone is knocked down, we burn the driver instead of blaming the dead. We destroy roads constructed with billions of Naira so we can create hold up to sell N50 Gala and N100 Soda water, we destroy road barricades that are provided with millions of Naira just to cross the roads. That's how bad the country is.

Nigeria will remain a corrupt country as long as the people keep on worshipping and get inspiration from those that steal our wealth
Sad but true... It's common norm to pay more than necessary for international passport or driver's license. Bribery is rampant. You have to bribe civil servants to do jobs they are being paid to do

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Re: Nigeria Is Losing Trillions To Corruption, Say Forensic Experts by GodSaklek(m): 7:14am On Aug 16, 2019
martineverest:
when Nigerians hear corruption,they only think about government.they hypothetically remove themselves from the corrupt sets of People

Yes bro, because corruption starts from government from the beginning, from IBB to Abacha, down to OBJ and GEJ
Re: Nigeria Is Losing Trillions To Corruption, Say Forensic Experts by ubanigrant15: 7:21am On Aug 16, 2019
Re: Nigeria Is Losing Trillions To Corruption, Say Forensic Experts by MachadoPreto: 7:38am On Aug 16, 2019
Boringdraw1:
Hmm, what can the Masses do?

Corruption starts with me and you. The bedrock of corruption is the society itself.

We are the lobbyist, the contractors, the students, the professionals, the everything.
Re: Nigeria Is Losing Trillions To Corruption, Say Forensic Experts by MachadoPreto: 7:39am On Aug 16, 2019
GodSaklek:


Yes bro, because corruption starts from government from the beginning, from IBB to Abacha, down to OBJ and GEJ

False!

Corruption starts from the people. Those people get into governance.
Re: Nigeria Is Losing Trillions To Corruption, Say Forensic Experts by 1x2x3: 7:40am On Aug 16, 2019
Mrakeli:
Forensic experts yesterday alleged growing cases of fraud, cybercrime and corruption in the country despite government’s effort to address these problems.

At a press conference in Abuja, the Pro tem President of the Chartered Institute of Forensic and Investigative Auditors of Nigeria, Ayishetu Enape, said that the country’s loss to corruption “currently is in the region of trillions of naira.”

The institute said: “It is more worrisome to know that despite the Federal Government’s renewed efforts in tackling fraud, corruption and cybercrime, very little result has been achieved, especially in the area of securing conviction against perpetrators of fraud in Nigeria.

“This is because many of the cases, especially the high-profile ones, are either thrown out for want of evidence or are unnecessarily delayed and stuck in court for years, due to one reason or the other,” Enape said.

According to the institute, whose bill awaits assent by President Muhammadu Buhari, forensic investigation remains one of the potent means by which the country can tame the growing cases of fraud, cybercrime and corruption.

Enape stated that fraudsters could only be prevented if those who commit crimes are prosecuted with forensic evidence, stressing that the application of forensic investigation would create no hiding place for corrupt citizens.

Citing data from the Nigerian InterBank Settlement System (NIBBS), which show that Nigerian banks lost N12.30 billions to fraud in the past four years, and other data, which show that fraud volume in the banks increased from N1.461 billion in 2014 to staggering N23.043 billion in 2017, Enape said: “the situation right now is worse than the above analysis because fraud volume in Nigeria has now moved to trillions, and no longer in billions.”

On the bill for an act to establish the Chartered Institute of Forensic and Investigative Professionals of Nigeria (CIFIPN), which is now before the president for assent, Enape said it was important “to clarify that CIFIPN is neither an accounting body nor coming as a duplicate to the functions of any existing accounting bodies in Nigeria.”

Meanwhile, the Independent Corrupt Practices and other related Offences Commission (ICPC) said it had sent an invitation letter to the suspended Chairman of the Special Investigation Panel for the Recovery of Public Property (SPIP), Okoi Obono-Obla.

The spokesperson of the commission, Rasheedat Okoduwa, told The Guardian yesterday in Abuja that the letter was sent through the office of the Solicitor General of the Federation.

On when Obono-Obla would report to the commission, she said: “He would have been given the letter stating the date and time to come because when we invite anybody, we don’t leave it open- ended, it is always within a particular time frame. When other developments occur, we will let you know, but he has been invited,” Okoduwa said.

President Muhammadu Buhari on Wednesday ordered the suspension of Obono-Obla as the chairman of the panel.

The presidency said the “suspension shall be in effect until the conclusion of ongoing Independent Corrupt Practices and other related Offences Commission (ICPC) investigations into a number of cases relating to Mr. Obono-Obla.”

The suspension came after an extensive investigation conducted into Obono – Obla ‘s academic credentials by the anti-graft agency.

He is facing allegations of certificate forgery and other corruption-related charges. On Friday, his office located in Asokoro was sealed by some armed police officers.

Obono-Obla, however, in a statement said it was difficult to know why his office was sealed because of the Eid-el-Kabir holidays. He alleged that some highly placed Nigerians “wishing to protect some persons under investigation were arm-twisting the panel officials, thereby distracting the panel from carrying out its lawful mandate.”

According to him, the panel has examples of many high-profile cases in which misappropriated public funds were traced to the personal bank accounts of public servants, and rather than explain the sources of the funds, they resort to false petitions and unfairly attacking the officials of the panel.

https://www.akelicious.net/nigeria-is-losing-trillions-to-corruption-say-forensic-experts/


Fighting corruption backwards
Re: Nigeria Is Losing Trillions To Corruption, Say Forensic Experts by Reference(m): 8:18am On Aug 16, 2019
Another nonsense talk aimed at distracting Nigerians from more serious matters of state. You say 'trillions of naira' (the usual speculative eye catching headlines) , but the only substance on offer is pehaps 12 billion lost by banks.

Now we have seen the four and a half years of the corruption war and what benefit it has or has not brought Nigeria I think it is time to face the facts and face the real challenges facing Nigeria which I repeat again centre around the way Nigeria is constituted and consequently the way it operates.

Just this morning on the wires in Calabar the governor is crying out. The government at the outset of its administration sung out a policy of 'buy Nigeria' and he moved (inspired he called it) set up a garment industry. All the fanfare has died down, all the promises of patronage by Nigerian institutions... dead.

Then the widely publicised green revolution came and once again he inveated massively in rice production, not even products but seedlings.... once again a no show....no patronage and on he went. Yesterday the Senate in effect turned down offerings from Innoson claiming the quality of their vehicles were not up to standard.

These are the things that directly affect the prospects of Nigeria as a country that seeks to move forward. It means that even if power becomes 100 percent stable, even if all the roads are motorable and infrastructure becomes first rate and crime falls to zero.... Nigerians will still prefer to build hotels and he youth sing songs and make musical videos that do the things that liberqte the mass of citizens from poverty which is industrialization. You then ask yourself why.

Why is it that Nigerians just cannot invest time and energy in bricks and mortar ideologies instead of fast, fleeting, briefcase enterprises. Why few Nigerians have foresight. The answer lies in the culture of uncertainty, mental insecurity that is a product of a weak concept of nationhood. The vast ,aajority of Nigerians living in Nigeria simply donot feel at home with this country due to structural imbalances that disengages them from ownership of not only this country but its ideals. They feel they habe no control of the future so they invest short. They feel this country belongs to someone else and the constant fight and angst to have a foothold will not permit long term (cross generational) investment.

Short termism is the ideal medium for corruption to fester and the right way to reverse all this is to seriously consider restructuring Nigeria.
Re: Nigeria Is Losing Trillions To Corruption, Say Forensic Experts by sylve11: 8:20am On Aug 16, 2019
tofolo:
We know Na,

If you won't eat let me have it...

this got me laughing...... grin grin cool
Re: Nigeria Is Losing Trillions To Corruption, Say Forensic Experts by Hungry4sex(f): 8:21am On Aug 16, 2019
cwale044:
Too much waste in this country

Verified WeChat Wallet
how much?
Re: Nigeria Is Losing Trillions To Corruption, Say Forensic Experts by poshbrave(m): 9:31am On Aug 16, 2019
yet mr president is fightibg korruption, from 1.b in 2014, to over 23... Billions in 2017 just three years interval this is definitely more than galloping..my question
who curse Nigeria abeg? somebody will still blame PDP for dis, for such a person may your life be rule d way Dis current govt is ruling Nigeria.
Re: Nigeria Is Losing Trillions To Corruption, Say Forensic Experts by Horus(m): 9:42am On Aug 16, 2019

https://www.youtube.com/watch?v=tVUqqapXqeE

The Cost of Corruption to Nigeria
Re: Nigeria Is Losing Trillions To Corruption, Say Forensic Experts by paix(m): 10:05am On Aug 16, 2019
God knew from the beginning that we shall get to this level, that's why He created death so that when you die, whatever you possess shall be left behind for others to benefit whether you like it or not. So let them keep on stealing, one day they will die and it is somebody somewhere that will feast on them.
Re: Nigeria Is Losing Trillions To Corruption, Say Forensic Experts by paix(m): 10:12am On Aug 16, 2019
Princeton92:
Very true, which the monies are being sent to the North in the name of 'fighting corruption' to develop their Northern States
That's not true my dear. Come to the north and see things for yourself. The politicians are same everywhere, they steal the money for themselves only.
Re: Nigeria Is Losing Trillions To Corruption, Say Forensic Experts by Nobody: 10:16am On Aug 16, 2019
DameB:


₦1000 bills ke naa thats bulky... It's $100 bills mehn

Some of them work with government accountants to doctor the books so that the discrepancies don't show when auditors come

grin You are right. There are more American bills outside the US. lol. Even auditors have their own share too. hehehe.
Re: Nigeria Is Losing Trillions To Corruption, Say Forensic Experts by smileyoo: 10:30am On Aug 16, 2019
Felixalex:
In this administration or during PDP's 16 years?
both. worst of now.
Re: Nigeria Is Losing Trillions To Corruption, Say Forensic Experts by follock007(m): 10:41am On Aug 16, 2019
Pistotita:
Forensic experts that will compromise themselves when heavy loaded N1,000 bills land on their laps. grin Let's keep praying for Nigeria.

N1,000 bullies are all individual human beings, and this Nigeria in question is even, so who is more worth the charity based on reputable credit report? Question for the gods ba?
Re: Nigeria Is Losing Trillions To Corruption, Say Forensic Experts by Fabians009(m): 1:23pm On Aug 16, 2019
Mrakeli:
Forensic experts yesterday alleged growing cases of fraud, cybercrime and corruption in the country despite government’s effort to address these problems.

At a press conference in Abuja, the Pro tem President of the Chartered Institute of Forensic and Investigative Auditors of Nigeria, Ayishetu Enape, said that the country’s loss to corruption “currently is in the region of trillions of naira.”

The institute said: “It is more worrisome to know that despite the Federal Government’s renewed efforts in tackling fraud, corruption and cybercrime, very little result has been achieved, especially in the area of securing conviction against perpetrators of fraud in Nigeria.

“This is because many of the cases, especially the high-profile ones, are either thrown out for want of evidence or are unnecessarily delayed and stuck in court for years, due to one reason or the other,” Enape said.

According to the institute, whose bill awaits assent by President Muhammadu Buhari, forensic investigation remains one of the potent means by which the country can tame the growing cases of fraud, cybercrime and corruption.

Enape stated that fraudsters could only be prevented if those who commit crimes are prosecuted with forensic evidence, stressing that the application of forensic investigation would create no hiding place for corrupt citizens.

Citing data from the Nigerian InterBank Settlement System (NIBBS), which show that Nigerian banks lost N12.30 billions to fraud in the past four years, and other data, which show that fraud volume in the banks increased from N1.461 billion in 2014 to staggering N23.043 billion in 2017, Enape said: “the situation right now is worse than the above analysis because fraud volume in Nigeria has now moved to trillions, and no longer in billions.”

On the bill for an act to establish the Chartered Institute of Forensic and Investigative Professionals of Nigeria (CIFIPN), which is now before the president for assent, Enape said it was important “to clarify that CIFIPN is neither an accounting body nor coming as a duplicate to the functions of any existing accounting bodies in Nigeria.”

Meanwhile, the Independent Corrupt Practices and other related Offences Commission (ICPC) said it had sent an invitation letter to the suspended Chairman of the Special Investigation Panel for the Recovery of Public Property (SPIP), Okoi Obono-Obla.

The spokesperson of the commission, Rasheedat Okoduwa, told The Guardian yesterday in Abuja that the letter was sent through the office of the Solicitor General of the Federation.

On when Obono-Obla would report to the commission, she said: “He would have been given the letter stating the date and time to come because when we invite anybody, we don’t leave it open- ended, it is always within a particular time frame. When other developments occur, we will let you know, but he has been invited,” Okoduwa said.

President Muhammadu Buhari on Wednesday ordered the suspension of Obono-Obla as the chairman of the panel.

The presidency said the “suspension shall be in effect until the conclusion of ongoing Independent Corrupt Practices and other related Offences Commission (ICPC) investigations into a number of cases relating to Mr. Obono-Obla.”

The suspension came after an extensive investigation conducted into Obono – Obla ‘s academic credentials by the anti-graft agency.

He is facing allegations of certificate forgery and other corruption-related charges. On Friday, his office located in Asokoro was sealed by some armed police officers.

Obono-Obla, however, in a statement said it was difficult to know why his office was sealed because of the Eid-el-Kabir holidays. He alleged that some highly placed Nigerians “wishing to protect some persons under investigation were arm-twisting the panel officials, thereby distracting the panel from carrying out its lawful mandate.”

According to him, the panel has examples of many high-profile cases in which misappropriated public funds were traced to the personal bank accounts of public servants, and rather than explain the sources of the funds, they resort to false petitions and unfairly attacking the officials of the panel.

https://www.akelicious.net/nigeria-is-losing-trillions-to-corruption-say-forensic-experts/
And all they've been getting what have they use it for.
Re: Nigeria Is Losing Trillions To Corruption, Say Forensic Experts by olisaEze(m): 1:34pm On Aug 16, 2019
I’ve been looking for where they said it’s the fault of G-boyz, but I never see yet! lipsrsealed

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