Nigeria must stick to procurement regulations to halt projected loss of N3 trillion to contract scams
Disturbed by the volume of money Nigeria is losing to procurement-related frauds, stakeholders in the sector have called for action against the menace to prevent the country from losing a projected sum of N3 trillion to contract scams and procurement fraud by 2025. Recently the Economic and Financial Crimes Commission (EFCC) commenced the prosecution of a former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on an alleged procurement fraud. The Chartered Institute of Forensics and Certified Fraud [...]