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Buhari promises to sign forensics, fraud examiners’ institute bill

President Muhammadu Buhari yesterday promised to sign a bill seeking formal establishment of the Chartered Institute of Forensics and Certified Fraud Examiners of Nigeria (CIFCFEN).…

President Muhammadu Buhari yesterday promised to sign a bill seeking formal establishment of the Chartered Institute of Forensics and Certified Fraud Examiners of Nigeria (CIFCFEN).

He spoke at the State House in Abuja after being honoured with Global Integrity and Anti-Corruption Award of Excellence by CIFCFEN.

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He was presented with the highest honour of the institute reserved for only African heads of states with impeccable character and unimpeachable ideals by the chairman of the Governing Council CIFCFEN Board of Trustees, Dr Iliyasu Gashinbaki.

Buhari was the first African leader to be bestowed with the award in recognition of his lifetime outstanding commitment to the fight against corruption and selfless service with exceptional integrity.

He directed the anti-corruption agencies to continue partnering with the institute for the benefit of the country.

He also directed the Minister of Finance, Budget and National Planning to work with the Institute in areas of providing technical assistance and capacity building to all revenue generating agencies and regulators in the public sector.

He said: ‘’The need for forensic experts arises in educating, preventing, detecting and prosecuting fraudsters, while fraud examination helps mitigate vices like embezzlement, money laundering, misuse and mismanagement of public resources.

‘’Many Nigerians, who are serious about eliminating corruption in our country, will welcome this review of the National Anti-Corruption Strategy midwifed by the Federal Ministry of Justice and the Presidential Advisory Committee on Anti-Corruption in 2017 and supported by our International friends.

‘’This effort by the institute to undertake the review of the national anti-corruption strategy is highly commendable and it has shown the usefulness of partnerships with professional bodies and my administration will continue to partner with the Institute and as well as other private institutions, the academia and other stakeholders in the fight to stop sleaze and mitigate corruption.’’

In his remarks, Gashinbaki said the institute was established in 2011 by the Association of National Accountants of Nigeria (ANAN) as the Society of Forensic Accounting and Fraud Prevention (SFAFP), but was later changed to CIFCFEN.

Chairman Governing Council CIFCFEN Board of Trustees said sustenance of best practices such as open government partnership, as well as the open contracting regime and beneficial ownership disclosure would have the significant potential of increasing the nation’s revenue by N10trn in the short term.

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