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Stock Market | FinancialContent Business Page

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Prevention key to fraud management, says expert

Punch Newspapers Sections Dayo Ojerinde A fellow of the Institute for Fraud Management and Prevention, Dr Oluranti Odebode, has stressed the need for Nigerians to prevent fraudulent activities. Odebode, at the unveiling of her book, ‘Fraud Management: Prevention and Detection Control’, on Thursday in Lagos, urged companies to strengthen their internal control mechanism. She said, “Internal control isn’t strengthened in our financial systems; this is about having strong institutions in terms of detection and control. “Prevention is the key thing in financial misappropriation. It is unfortunate how companies get swindled by workers and the head is held responsible for financial shortcomings.

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