75% of Nigeria’s budget lost to corruption – Forensic experts | Dailytrust

75% of Nigeria’s budget lost to corruption – Forensic experts

CIFIPN
CIFIPN

The Chartered Institute of Forensic and Investigative Professionals of Nigeria (CIFIPN) says 70 to 75 per cent of Nigeria’s national budget is lost to corrupt practices at all levels of governance in the country.

CIFIPN president, Dr Enape Victoria Ayishetu, said this at a press briefing in Abuja on Sunday.

She said the loopholes would continue if the right mechanisms and cogent interventionist measures were not put in place to check the trend.

NAAT begins 2-week warning strike

Zamfara hires ex-servicemen as bandits displace 700,000 persons

She noted that brilliant budget ideas hardly translate to the actual implementation of the government’s laudable expenditure framework.

Ayushetu attributed this to “well-orchestrated systemic and endemic monumental corruption of the highest proportion.”

She said the larger chunk of Nigeria’s resources “always end up as products of fraud, corruption and cybercrime. This is a travesty of rational realism as the country cannot justify how the huge sums, we see every year in the national budget are not often matched with a commensurate measure of realistic budget performance.”

She said fraud, corruption and cybercrimes “thrive” in Nigeria owing to a lack of investigation and prosecution of the crimes.

She urged President Muhammadu Buhari to sign the Chartered Institute of Forensic and Investigative Professionals Bill 2021.

According to her, forensic investigation is vital for the restoration of the nation’s economy and the fight against fraud, corruption and cybercrime.

Dear Reader,
Every day, we work hard to provide readers such as you with the most accurate, up-to-date, and comprehensive information. Quality journalism costs money. Today, we're asking that you support us to do more. Your support means that Daily Trust can keep offering journalism to everyone in the world. Sign up for as little as N1,000 to become a member. Learn more about our membership here

Bank transfers can be made to:
Zenith Bank
1017257739
Media Trust Ltd


Please send details of your bank transfer to the email or Whatsapp number below so that we can contact you.

If you have any questions, please let us know.

Inquiries:
Email: membership@dailytrust.com
Whatsapp: +234 806 990 3410