OGE Steps-up Fight against Financial Fraud

Omolabake Fasogbon

Worried by rising cases of financial fraud in the country and the effects on the economy, the OGE Business School, has collaborated with the Association of Forensic Accounting Research and Professionals (AFARP) to offer free virtual training to 2000 anti-fraud professionals in the country. 

The gesture was part of OGE’s corporate social responsibilities which sought to enhance capacity on fraud investigation and forensic accounting towards successful fraud fighting in the country. 

Speaking at the event, Lead Facilitator& Founder of OGE Business School, Prof. Godwin Oyedokun, identified knowledge gap in concerned disciplines which he said was inimical to tackling scourge. 

He explained that the first edition of the programme during COVD-19 outbreak in 2020, was received with positive feedbacks, adding that yearnings for more and scary fraud profile in the country ignited this year’s outing that would last for three months beginning from May 1, 2024.

Referencing a 2021 report by Palo Alto Networks, a California-based cyber-security which put Nigeria’s annual internet fraud loss at N127 billion, representing 0.08 percent of Nigeria’s gross domestic product (GDP), Oyedokun submitted that fraud in the country had assumed a national emergency status, requiring all hands to be on deck.

“The fight against financial crime demands a dedicated and skilled workforce. The training will equip participants with the knowledge and skills necessary to excel as professionals in the field on one hand, and will go far in delivering apt strategies to tame heavy fraudulent tendencies that have eaten deep into the fabrics of the country. 

“Concerned professionals or those interested in uncovering financial wrongdoing or seeking a career in forensic accounting, fraud examiners as well as law enforcement agents are encouraged take advantage of the lifetime opportunity that will also be awarding a professional diploma certificate”, he said.