With fraud posing a significant challenge to Nigeria’s development and its intensified efforts to combat the menace, the Association of Certified Fraud Examiners (ACFE), South-West Nigeria Chapter said capacity building had remained the association’s top priority, with numerous training sessions designed to enhance members’ skills.
The move, the association said, is aimed at enhancing anti-fraud practices across sectors through a continuous learning process to ensure members stay ahead in a constantly evolving landscape.
The association’s President, Dr Titilayo Fowokan, said this at this year’s international fraud awareness week, where she reflected on the successes made in the year and plans to deepen engagement in 2025, aimed to drive ethical practices and transparency across sectors.
According to her, the progress in the year sets a strong foundation for a fraud-free Nigeria.She said the chapter’s focus on social visibility and global alignment had further amplified its impact, and by participating in international fraud networks, it has also cemented its position as a leader in the global fight against financial crimes.
Reeling out her seven-point agenda, which she said included capacity building, social visibility, and anti-fraud collaboration, Fowokan said it has guided the chapter’s activities through its mission to foster accountability and strengthen the professional competence of fraud examiners.
Noting that fraud poses a significant challenge to Nigeria’s development, she added that ACFE’s initiatives served as a beacon of hope, even as she urged stakeholders to join in its collective effort to build a culture of accountability.
As part of programmes to commemorate International Fraud Awareness Week, the chapter visited the Nigerian office of the Association of Chartered Certified Accountants (ACCA), highlighting the importance of collaboration in tackling financial fraud.
During the visit, ACCA Country Head Tom Isibor said partnerships like these reinforce the fight against corruption in Nigeria. Also, a webinar on building anti-fraud programmes attracted widespread participation, where facilitator Fiyinfolu Okedare, emphasised the need for organisations to implement tailored anti-fraud strategies.
He remarked that prevention starts with robust programmes that integrate ethics and accountability.Similarly, experts at a panel discussion on ethics and fraud, explored lines between risk and deception, stating that collaboration was key to addressing systemic fraud risks.
According to Oluwatomi Benson from KPMG West Africa, ethical decision-making is central to mitigating fraud.