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Category: Finances
2022 National Budget – Highlights
“A budget is a moral document that reflects who and what the government cares about.” Ben Akabueze DG, BOF The Federal Ministry of Finance held a Public Presentation and breakdown of the 2022 Appropriation Act. Minister of Finance, Budget and National Planning, Mrs (Dr.) Zainab Shamsuna Ahmed anchored this. Some of us participated virtually, at…
Bits To Remember About Tax Audit
Today, let’s look briefly at a few things we should know about tax audit. Tax audit is a process whereby the Relevant Tax Authority (RTA) assesses the tax returns filed by a taxpayer, in accordance with the Law and its aim of the audit is to ascertain the correctness and completeness of the financial information,…
Combating Occupational Fraud in Organizations
Occupational Fraud as defined by Association of Certified Fraud Examiners (ACFE) is “the use of one’s occupation for personal enrichment through the deliberate misuse or misappropriation of the employing organization’s resources or assets.” ACFE We should note the following about Occupational Fraud It’s fraud committed against an organization from within. It could be committed by…
Fraud Prevention Check-Up
Fraud Prevention Check-Up Are you vulnerable to fraud? Do you have adequate controls in place to prevent it? Test your company’s fraud health with this free training resource featuring a checklist and video.This PDF, available free to both ACFE members and non-members, contains valuable resources in your company’s ongoing fight against fraud. It also includes…
Fraud Risk Assessment
We are faced with the risk of falling for fraudulent activities almost on a daily basis. I have always had a thing for controls and detecting things that are not too straight. Let me share a few things we need to know about fraud. When someone cheats you or an organization, it’s fraud. Fraud is…
Understanding VAIDS Program
Voluntary Assets & Income Declaration Scheme (VAIDS) is one of the latest scheme of the Federal Government aimed at boosting its non-oil revenue! In order to boost compliance, it is expedient that we have an understanding of the Scheme. On 1st July 2017, the Federal Government of Nigeria put into effect an Executive Order that…
Understanding FGN Sovereign Sukuk
Understanding FGN Sovereign Sukuk in my opinion would help ease the growing tension arising from the perception of a section of the Nigerian Christian Community that this FGN Sovereign Sukuk carries a hidden agenda. As a Christian, I join voices with fellow Nigerians to seek and insist on peaceful co-existence based on mutual understanding, the…
Combating Fraud
“Combating fraud before it occurs is vital to the survival of any business. Organizations should take the opportunity to consider, enact and improve measures to detect, deter and prevent fraud before it occurs. A combined effort must be made by the board of directors, the audit committee, internal and external auditors, risk management personnel, investigators,…
BACK TO BASICS: INVESTING IN SHARES
• No. 1: WHAT ARE INVESTING AND SHARES?• . “Investing Rule No. 1: Never Lose Money. Investing Rule No. 2: Never Forget Rule No. 1″. ~ Warren Buffett. •Investing is one of the best ways to create wealth and become financially independent. It is simply putting your money…
Generational Fraud: Who is Most at Risk?
By Mark Blangger, Research Editor, Association of Certified Fraud Examiners Everyone in every generation is at risk of becoming a victim of fraud. And with the emergence of the World Wide Web in 1991, the continuing evolution of technology and the fraudsters who are keeping pace with today’s technological advances, the types and occurrences of…