International

The genesis of Covid-19, we are now settling into a “new normal”.

/ / Advisory, Background Checks, Due Diligence, Fraud, International, Nigeria, Training

As as result of current social, economic and health situation especially with the genesis of Covid-19, we are now settling into a “new normal”. As companies, schools and other businesses begin reopening and relaxing stay-at-home orders, management and entrepreneurs are reviewing their plans for returning to work. As your employees begin returning to work, what […]

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Coronavirus: Taxpayers to lose billions to virus fraud – report

/ / Advisory, Fraud, International

Fraudsters could steal billions of pounds by targeting the government’s Covid-19 financial rescue schemes, a report has warned. The Policy Exchange think tank said measures were rushed through to save people and businesses from economic ruin but were vulnerable to scams. The government said it was using every tool to prevent and detect fraud, and

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Treasury Sanctions Nigerian Cyber Actors for Targeting U.S. Businesses and Individuals

/ / Background Checks, Cybercrime, Fraud, International, News, Nigeria

WASHINGTON – Today, in a coordinated action with the U.S. Department of Justice, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against six Nigerian nationals for conducting an elaborate scheme to steal over six million dollars from victims across the United States. The individuals designated today targeted U.S. businesses and

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Lori Loughlin and Mossimo Giannulli agree to plead guilty in college admissions scam

/ / Background Checks, Due Diligence, Fraud, International, News

(CNN)Actress Lori Loughlin and her husband, fashion designer Mossimo Giannulli, have agreed to plead guilty to conspiracy charges in connection to their role in the college admissions scam, the US Attorney’s Office in the District of Massachusetts said. Loughlin, 55, and Giannulli, 56, had been accused of paying $500,000 to get their two daughters into

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Nearly 800 reports of people defrauding UK furlough scheme

/ / Advisory, Fraud, International, News

HMRC sifting through claims employees asked to work despite getting state job retention pay The government has received nearly 800 reports of suspected fraud of its job retention scheme, launched less than a month ago. The tax authority, HMRC, which is responsible for overseeing the furlough scheme under which the government pays 80% of the

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CORONA VIRUS: RECESSION IN NIGERIA LIKELY, AN EMPLOYER’S DUTY OF CARE

/ / Advisory, Audit, Background Checks, Due Diligence, Governance, International, News

Recession is coming and it may be Nigeria’s worst in several years. This means by the time the lockdown is finally lifted;many companies would struggle to achieve targets this year. By International Monetary Fund (IMF)’s estimation, Nigeria’s economy is expected to shrink by 3.4 percent this year and the nation of 200 million people could

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Recovery expert: ‘Some businesses will never reopen’

/ / Advisory, Audit, Governance, International

When economies eventually re-open, many businesses will stay shut as they struggle with the new environment. That is the fear from a global disaster recovery group that helps businesses recover from crises like coronavirus. Small business owners are more vulnerable and may have to become entrepreneurs again to survive. “Restarting a business is much harder

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