EFCC begins fraud risk assessment on govt agencies


The Economic and Financial Crimes Commission (EFCC) says it has commenced the process of carrying out fraud risk assessment on Federal Government agencies as part of efforts to fight corruption in the country.

Executive Chairman of EFCC, Abdulrasheed Bawa, who made this known to newsmen on Sunday, said the measure would detect the agencies that were vulnerable to fraud, NAN reports.

According to him, the idea behind the motive is to advise the government on the vulnerability of those agencies to fraud and corruption.

EFCC arrests five internet fraudsters in Kano

“We have already engaged the Federal Ministry of Petroleum Resources, they are willing to work with us towards carrying out fraud risk assessment on all the parastatals under the ministry.

“Fighting corruption is about looking at the system, looking at the loopholes and advising the government on what to do regarding that.

“Our study of that is the fact that without those who are receiving stolen goods, stealing will be prevented; that is why they have high punishment for those receiving stolen goods,’’ Bawa said.

IT expert, 6 others arrested for alleged internet fraud in Ibadan

The EFCC boss further noted that the commission was working tirelessly to focus on gatekeepers which he listed as tax consultants, car dealers, real estate managers, lawyers and accountants in money laundering.

Internet fraud: EFCC arrests seven Yahoo suspects in Enugu

You Might Like This

About sayflexxyblog 7695 Articles
Sayflexxyblog is a content writer, web developer, social media manager and advertiser.

Make Your comment

Leave a Reply

Your email address will not be published.