The fight against corruption is waning due to the dismal number of convictions secured by prosecution agencies such as the Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices and Related Offences Commission (ICPC) and the Police.
President and Chairman of Council of the Chartered Institute of Forensics and Fraud Examiners of Nigeria, Dr. Iliyasu Gashinbaki, who stated this, said the situation will be reversed once the bill for the establishment of the Chartered Institute of Forensics and Certified Fraud Examiners is passed into Law. The bill, which is promoted by the Association of National Accountants of Nigeria (ANAN), scaled second reading at the House of Representatives, on Thursday, April 29, 2021.
Speaking at ANAN House, Abuja, Gashinbaki said the passage of the bill into law would be the best gift the ninth National Assembly will give to Nigerians as a way of rooting out fraud and corruption in Nigeria. “We don’t have a chartered professional body in Nigeria responsible for fraud examination and forensics, and that is why this Institute is not just coming at the right time, but it is the right thing for the Nigerian people who have an Institute of this nature that will train independent professionals, not government funded, but an independent professional body that will be focused on capacity building of forensic professionals and fraud examiners to provide water tight evidence to secure convictions in courts.”
He urged President Muhammadu Buhari to give quick assent to the bill once the National Assembly presents it to him, saying it will be one of his major legacies in curbing corruption in Nigeria. “President Olusegun Obasanjo gave Nigerians EFCC and ICPC. President Buhari should give this to Nigerians,” he added.
Gashinbaki said the institute will be responsible for institutional strengthening of law enforcement agencies like the police, ICPC, EFCC and others to carry out diligent prosecutions. “Criminals are always ahead of regulators or any system put in place. That is why you need the special skill of a forensic expert and fraud examiner to unravel the fraud. What I can guarantee is that this body will significantly reduce the quantum of fraud, both in the public and private sectors. So ultimately, this bill when passed into law, will complement our law enforcement agencies so that what they are doing can be done better.”
While explaining how the institute intends to cage corruption and fraud in Nigeria, he said: “Our plan is to create the Nigerian Forensic Academy and once the bill becomes law, we will have the academy affiliated to the ANAN University to build capacity of the tertiary institutions. The idea is to upgrade it to a regional university in Africa because what we are doing has never been done in Africa.