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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Oshiomhole lied: Osinbajo not head of the Economic Team

  Available public records indicate that the former Edo governor lied as the Economic Management Team of the Buhari administration headed by the VP in the first term had been dissolved since September 16, 2019. The EMT was set up in 2016 by the President to coordinate the Federal Government’s economic policies with the VP …

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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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LATEST VERSION OF TERROR PROPAGANDA AND MILITARY READINESS

  Terrorist activity using propaganda and the use of violence to force governments to accept or submit to political demands is not new all over world. The country’s security and defense forces are not clueless or helpless. They have their plans and ways of doing things which they will not display in the media. The …

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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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Of Anambra Commissioner For Education:

  Public office holders should know that they are accountable to the people. All political appointees serving under Prof Soludo led Administration, should becareful not to mess up the system that we are patiently waiting for productive leadership and good governance. Advisedly, the Soludo’s administration had started on good note, and the momentum should be …

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FirstBank Secures $150 Million Afreximbank Pandemic Trade Impact Mitigation Facility (PATIMFA) To Support Businesses In Nigeria

  African Export Import Bank (Afreximbank) has announced the disbursement of a US$150 million finance facility to First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider. The funding was provided under Afreximbank’s Pandemic Trade Impact Mitigation Facility (PATIMFA). Afreximbank’s US$150 million financial support will be accessible to FirstBank customers that are …

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ECONOMIC SOVEREIGNTY IMPORTANT BUT AFRICA NEEDS TO COLLABORATE MORE INTERNATIONALLY – OSINBAJO

  _*VP adds: The world is now more about intellectual capital_ Africa’s developmental aspirations can be actualized by deepening cooperation and collaboration with the rest of the world, according to Vice President Yemi Osinbajo, SAN. But the imperative of Africa’s economic sovereignty also exists as there are areas where public and private sector leaders must …

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ADDRESS BY HIS EXCELLENCY, MUHAMMADU BUHARI, PRESIDENT AND COMMANDER IN CHIEF OF THE ARMED FORCES OF THE FEDERAL REPUBLIC OF NIGERIA ON THE OCCASION OF COMMEMORATION AND CELEBRATION OF DEMOCRACY DAY 12TH JUNE, 2022

  Fellow Nigerians, Today, June The 12th, marks another Democracy Day anniversary and an occasion to celebrate freedom and unity of our Nation. 2. From 1999, we consistently celebrated Democracy Day to mark the end of military rule and the return of power and control into the hands of those freely elected by the people. …

ADDRESS BY HIS EXCELLENCY, MUHAMMADU BUHARI, PRESIDENT AND COMMANDER IN CHIEF OF THE ARMED FORCES OF THE FEDERAL REPUBLIC OF NIGERIA ON THE OCCASION OF COMMEMORATION AND CELEBRATION OF DEMOCRACY DAY 12TH JUNE, 2022 Read More »

OUR MOVEMENT FOR A NEW NIGERIA MUST REMAIN STRONG, FIRM – OSINBAJO

  _*Says: We will support the flagbearer of our party_ _*VP in appreciation, visits support groups’ Abuja office_ Despite the outcome of the results of the All Progressives Congress (APC) Special Convention for its Presidential Primary on Wednesday, Vice President Yemi Osinbajo, SAN, has said that he remains committed to the dream of a new …

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MUDASHIRU AJAYI OBASA

Date of birth/age  : NOV 11, 1972 Place of birth nation, state/province :HE WAS BORN IN AGEGE, A TOWN IN LAGOS STATE, SOUTH WESTERN  NIGERIA Party:  ALL PROGRESSIVES CONGRESS (APC) National: NIGERIAN Occupation :  LEGISLATOR Profession: LEGAL PRACTICTIONER Achievement: PREVIOUS ELECTED OFFICE: HON. MEMBER ( 5TH, 6TH AND 7TH ASSEMBLIES: 2003 – 2015), COUNCILLOR (1999-2003), PREVIOUS …

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2023:Bihari backs Southern Presidency

President Muhammadu Buhari has backed the Northern governors’ decision to support the emergence of a southerner as the presidential candidate of the All Progressives Congress for the 2023 general elections. He made this known at a dinner with the All Progressives Congress presidential aspirants at the Presidential Villa in Abuja on Saturday. The President according …

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Buhari Assents To 2022 Amended Appropriation Act

  President Muhammadu Buhari has assented to the new Appropriation Bill recently passed into law by the National Assembly. Senior Special Assistant to the President on National Assembly Matters (House of Representatives) Umar El-Yakub said the new law repeals the Appropriation Act passed by the lawmakers in December 2021 and enacts a new Appropriation Act, …

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