Month: August 2022

LAWMA Secures Jail Terms for Environmental Offenders

  – Collaborates with police for arrest of cart pushers Lagos Waste Management Authority (LAWMA) has secured jail terms of two months imprisonment, for three persons, for various environmental offences, with a pending judgement for another person who patronised a cart pusher. This is coming on the heels of the agency’s collaboration with the police …

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WE HAVE NOT COMMENCED 2022 POLICE CONSTABLE RECRUITMENT – NPF

  – As Police Urges Nigerians to Disregard Recruitment Information The Nigeria Police Force wishes to inform well-meaning members of the public that it has not commenced the 2022 Police Constables recruitment into the Nigeria Police Force contrary to a publication on Page 21 of Daily Sun Newspaper of Thursday August 11, 2022 by the …

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Best Graduating Students on Royal Scholarship Share Inspiring Experience After 6 Years, Dominate 2022 WAEC With Distinctions

Young Bayelsans who were selected in 2016 for scoring highest in a scholarship exam into junior secondary school held in Twon-Brass Kingdom have emerged best graduating students of their set after six years. The students, Ifiemi Ayebanengimote Bonnie; Ogbulu Wanaemi Fiberesima; Seigha Abraham Ingonabo; Augustine Preye Paige, Ababo Naomi Ota and Azazi Peter Kingsley, who …

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AUDITORS LIABILITY

Written by: ). AGBOOLA OLUBUSOLA 2). IBRAHIM MUSA ABIODUN 3). MR ESEIWI WOROBOSA 4). GIWA AZEEZ ADEMOLA 5). SANNI YUSUF OLATUNJI 6). OGUNDARE AKINTOLA MARIAM Introduction: An audit of financial statements is obligatory in Nigeria and its responsibility is placed upon the shoulders of directors of the company. After preparing the financial statements, the company …

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EVIDENCE OF FORENSIC ACCOUNTING

Written by:   1). AGBOOLA OLUBUSOLA 2). IBRAHIM MUSA ABIODUN 3). MR ESEIWI WOROBOSA 4). GIWA AZEEZ ADEMOLA 5). SANNI YUSUF OLATUNJI 6). OGUNDARE AKINTOLA MARIAM   Introduction: The issue of fraud, money laundry and other related corrupt practice in business and government organizations has necessitated the application and practice of forensic or investigative accounting. …

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FORENSIC INVESTIGATION

Written by: Onabokun Ayoola Audu Osuashi Adegbola Adams Igba Ladi Emuhs Fabian     FORENSIC AND FORENSIC ACCOUNTING According to Webster’s Dictionary ‘Forensic’ means “belonging to, used in or suitable to courts of judicature or to public discussion and debate.” Forensic accounting provides an accounting analysis  that  is  suitable  to  the  court  which  will  form  …

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FRAUD AND IRREGULARITIES IN FORENSIC ACCOUNTING

Written by: AJASA FADEKEMI NKIRU EZIKE UCHENNA CHINWUBA ABDULWAKIL MUSTAPHA ALLI AYOKUNNU CHRISTOPHER OBIANIFE What Is Fraud? Sometimes referred to as the fraudulent act, fraud is an act of intentional deception, either by omission or commission that causes its victim to suffer an economic loss and/or the offender to realize a gain. It can simply …

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AUDIT EVIDENCE

Written by:   AJASA FADEKEMI NKIRU EZIKE UCHENNA CHINWUBA ABDULWAKIL MUSTAPHA ALLI AYOKUNNU CHRISTOPHER OBIANIFE Introduction: According to Lee (2000) evidence is anything (tangible objects, documents, and testimony) that relates to the truth or falsity of an assertion made in an investigation or legal proceeding. An audit on the other hand is a systematic independent …

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PUBLIC DEBT

Written by: ELEMIDE AYODEJI OLUWASEUN AYODELE KEHINDE JOHN DEBORH U. OMOAREGBA BASHIRAT AJIBADE BAMIDELE OLUSEGUN THOMAS Introduction: Governments borrow to meet her fiscal and monetary needs, as when estimated revenue falls below or is exceeded by estimated expenditures. Many national governments incur such debt because of an unwillingness to limit spending or increase taxes for …

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VERIFICATION OF ASSET AND LIABILITIES

Written by: OBIANIFE CHRISTOPHER ELEMIDE AYODEJI OLUWASEUN AYODELE KEHINDE JOHN DEBORH U. OMOAREGBA BASHIRAT AJIBADE     VERIFICATION  “Verification is the proof of accuracy of extension, footings, posting, existence and ownership of assets.” (Arthur Holmes) Verification means proving the correctness.One of the main works of auditor is verification of assets and liabilities.Verification is the act …

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MONETARY POLICY

Written by:  AGBOOLA OLUBUSOLA  MR ESEIWI WOROBOSA  GIWA AZEEZ ADEMOLA  SANNI YUSUF OLATUNJI  OGUNDARE AKINTOLA MARIAM  IBRAHIM MUSA ABIODUN   INTRODUCTION Monetary policy is the art of managing money. Money must be managed because it is very use introduces a potential threat to the stability of the economic system. For the use of money enables …

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AUDITOR’S REPORT

  Written by: JONATHAN IJEOMA .C ALFRED EDOZIE MOSINDI FASHANU ABUBAKA AJIBOYE GBADEBO WASIU AUDU RUKAYAT OSUASHI An auditor’s report is a written letter from the auditor containing their opinion on whether a company’s financial statements comply with generally accepted accounting principles (GAAP) and are free from material misstatement. An auditor’s report can also be defined as a formal opinion, or disclaimer thereof, …

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“We Killed The DPO Because He Was Arresting Our Members And Preventing Us From Operating” – Bandits

  The Bauchi State Police Command have arrested four members of a notorious bandit group, who confessed to having killed a former police DPO of the Tafawa Balewa Division, CSP Garkuwa. The Bandits also confessed to taking parts in different killings, kidnappings and armed robbery incidents in Bauchi. According to the report from Nigerian Tribune, …

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AUDIT PLANNING

SA 300/NSA 8 directs that the auditor should plan the audit so that the engagement will be performed in an effective manner. Planning the audit involves establishing the overall audit strategy for the engagement and developing an audit plan, in order to reduce audit risk to an acceptable low level. Planning an audit demands developing …

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FORENSIC ACCOUNTANT REPORT

Before discussing what forensic accounting report is, it’s good to define what ‘Forensic Accounting’ is. First, the report is made by forensic accountants that analyze, interpret and summarize difficult and complex business and financial matters. These professionals work in insurance companies, police forces, banks, public accounting firms and government agencies, to name some. Forensic accounting, on …

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Ijaws Diaspora: Queen Diete-Spiff Seeks Collaboration to Tackle Poverty, Trafficking, Violence Against Ijaw Women

  Queen of Twon Brass Kingdom and President of the Queens of the Niger Delta Initiative, Her Majesty, Dr Josephine Diete-Spiff, Esq JP called on the Ijaws in Diaspora on the need for an effective and efficient collaboration to meet the yearning and aspirations of Ijaw women in order for them to be empowered to …

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