“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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MONETARY POLICY

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 economic subjects to create a time lag between their acts of supplying goods and services to the market and their …

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VERIFICATION OF ASSET AND LIABILITIES

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 of assuring the correctness of value of assets and liabilities, title and their existence in the organization …

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PUBLIC DEBT

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 fear of the political consequences.The largest public debts are incurred to meet emergencies, such as war debts …

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AUDIT EVIDENCE

  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 examination of financial statements, records, documents with an objective to express an opinion on …

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AUDIT EVIDENCE

  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 examination of financial statements, records, documents with an objective to express an opinion on …

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FORENSIC INVESTIGATION

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  the  basis  for  discussion,  debate  and ultimately dispute resolution (Zysman, 2004). mentation”. According to …

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EVIDENCE OF FORENSIC ACCOUNTING

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. Forensic or investigative accounting is that branch of accounting that deals with recovering proceeds of fraud, money laundering and other related corrupt practices that may occur in …

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AUDITORS LIABILITY

  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 directors will engage the services of auditors to conduct an audit and determine if the assertions made in the financial statements fairly portray the operation …

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PUBLIC GOODS

Introduction: Even though Nobel laureate Paul Samuelson is usually credited with having introduced the theory of public goods to modern economics (e.g., in Sandmo 1989), the origins of the idea go back to John Stuart Mill, UgoMazzola (an Italian writer on public finance), and the Swedish economist Knut Wicksell (Blaug 1985: 218–9 and 596–7]). Samuelson …

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FISCAL POLICY

  Introduction: Fiscal policy pioneer John Maynard Keynes argued nations could use spending/tax policies to stabilize the business cycle and regulate economic output. Fiscal policy concern itself with the aggregate effects of government expenditures and taxation on income,production and employment. Fiscal policy means the manipulations of government expenditure and taxes with a view to influencing …

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AUDITOR’S REPORT

    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, issued by either an internal auditor or an independent external auditor as a result of an internal or external audit, …

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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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PRESIDENT BUHARI HAILS KING ALFRED DIETE-SPIFF AT 80

  President Muhammadu Buhari sends warm greetings to Amayanabo of Twon-Brass, King Alfred Papapreye Diete-Spiff, on his 80th birthday, July 30, 2022, congratulating the elder statesman for many years of service to his community, nation and humanity. The President felicitates with King Diete-Spiff on the auspicious occasion of turning an octogenarian, joining family, friends and …

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SURGICAL OPERATION: VP OSINBAJO THANKS EVERYONE

  Vice President Yemi Osinbajo, SAN, has expressed his deep gratitude to Nigerians and everyone following his recent successful surgery. Prof. Osinbajo underwent a surgical operation on Saturday, July 16, at the Duchess International Hospital, Ikeja, Lagos. Below is the full statement of the Vice President. “My deep gratitude to everyone for your get-well wishes …

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Federal Cooperative College Oji River To Become Federal Cooperative Polytechnic

As NBTE Approves More Courses       BY RAYMOND OZOJI   The Federal Cooperative College Oji River Enugu State will in no distant time metamorphose into Federal Cooperative Polytechnic as robust discussions and deliberations are currently ongoing in the National Assembly to ensure the renaming of the institution as it will go a long …

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PEBEC: Ease of Doing Business Bill Passes Second Reading at the Senate

  The Business Facilitation (Miscellaneous Provision) Bill 2022, also known as the “Omnibus Bill” passed Second Reading at the Senate on Wednesday, July 20. The Bill, which is an intervention of the Presidential Enabling Business Environment Council (PEBEC), chaired by Vice President Yemi Osinbajo, SAN, is aimed at consolidating and amending outdated legislative provisions towards …

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ON UNIVERSITY STRIKES, GOVERNMENT IS READY FOR BUSINESS

  The outcome of the meeting held by President Muhammadu Buhari on Tuesday with relevant Ministries, Depts & Agencies to end the agitations by university unions ought to be beyond spin-doctoring & conjecture. It is a pity that almost all media houses allowed themselves to be deceived by interested sources that are not the authorized …

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Ogene Ndigbo Endorses Peter Obi’s Candidacy, Emerges DG, Take-Action Group

  Edozie Ezebinugwu The renowned Media Public Relations Practitioner, and veteran Filmmaker Dr. Chuma-Odili Harris a.k.a Ogene Ndigbo came to Anambra on Saturday to deliver his “complete and total endorsement” for Mr Peter Obi, Presidential Candidate of Labour Party LP, in the 2023 general elections. In a statement, Ogene Ndigbo said, “It has become clear …

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OGUN STATE WORKERS ARE RIGHT TO DEMAND THEIR ENTITLEMENTS – ADERINOKUN

  Ogun Central PDP Senatorial Candidate, Chief Olumide Aderinokun has called on Ogun State Governor, Dapo Abiodun to prioritise the grievances of workers in the state. Reacting to the workers’ resolution to embark on an indefinite strike from Tuesday, Chief Aderinokun believes the government is making life harder for public employees by deducting from salary …

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INVESTING MORE IN OUR PEOPLE IS MOST IMPORTANT – OSINBAJO

_*VP headlines launch of Human Capital Development Strategy Documents in Abuja_ _*Says: Nothing else is as important as “the happiness, security and general welfare of our populations”_ Being the greatest asset for any nation, the most important objectives for Nigeria and other governments particularly in West Africa should be the improvement of the quality of …

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NATIONAL ECONOMIC COUNCIL HOSTS INTERNATIONAL FORUM ON HUMAN CAPITAL DEVELOPMENT TOMORROW

_*VP receives Prime Minister of Guinea-Bissau at Presidential Villa_ Determined to significantly improve the human development indices in West Africa, the National Economic Council (NEC) chaired by Vice President Yemi Osinbajo, SAN, is hosting an international forum to launch the Integrated Regional Human Capital Development Strategy. The conference scheduled for Abuja on Thursday June 23, …

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ARMY TROOPS INTERCEPT EXPLOSIVES AMMUNITION IN CROSS RIVER

Troops of 13 Brigade operating under command of 82 Division, Nigerian Army on Tuesday 21 June 2022, intercepted a Toyota Camry car with registration number JAL 492 AA, ladened with assorted munition while enroute Utanga village towards Obudu Mountains in Cross River State. Troops deployed at Forward Operating Base Amana attempted to stop the vehicle …

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Even Gov Soludo’s CPS Guffed!

In the nascent era of Prof Soludo’s administration, the newly formed Executive Cabinet members aggregated under a roof for an intensive orientation course, wherein the enthusiastic governor defined the shape, color and direction of the new government. Also, we read in the media that Governor Soludo invited best hands, world renowned resource persons on leadership …

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BREAKING: President Buhari Sends Ministerial List To Senate For Screening

President Muhammadu Buhari has written to the Senate seeking the confirmation of seven ministerial nominees. *The nominees are:* Henry Ikechukwu – *Abia State* Umana Okon Umana – *Akwa-Ibom State* Ekuma Joseph – *Ebonyi State* Goodluck Nana Obia – *Imo State* Umar Ibrahim Yakub – *Kano State* Ademola Adewole Adegorioye – *Ondo State* Odo Udi – …

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GOVT SCHEMES WILL SIGNIFICANTLY IMPACT NIGERIANS MORE IF PROFESSIONALS TAKE ACTIVE ROLES – OSINBAJO

  _*Nigerian Institute of Architects visit VP, name him NIA Grand Patron_ There will be a more significant impact on Nigerians if professional bodies play more active roles in the implementation of government’s plans and policies, according to Vice President Yemi Osinbajo, SAN. Prof. Osinbajo stated this on Monday when he received on a courtesy …

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