OVERVIEW

In today’s complex and rapidly changing business environment, managing risk has become more important than ever. The consequences of unmitigated risks can be severe—impacting an organization’s financial health, reputation, and long-term sustainability. Yet, one of the most significant risks often overlooked by many risk management professionals is fraud.

According to the ACFE’s Occupational Fraud 2024: A Report to the Nations, organizations lose an estimated 5% of their annual revenues to fraud each year. This staggering statistic highlights the urgent need for a proactive and structured approach to combating fraud.

This training is designed to help organizations integrate anti-fraud measures into their overall risk management framework. Participants will gain practical knowledge on how to identify potential fraud risks, implement effective controls, and build a culture of integrity that reduces the likelihood of fraudulent behavior.

OBJECTIVES

By the end of this course, participants will be able to:

• Identify fraud risks and the factors that influence them.
• Develop and implement the key components of a successful fraud risk management program.
• Build and sustain a strong anti-fraud corporate culture.
• Conduct a comprehensive fraud risk assessment across the organization.
• Detect financial, transactional, and behavioral indicators of fraud.
• Evaluate and enhance the organization’s fraud risk management maturity using a structured model.

CONTENTS

The course is divided into six interactive modules combining theoretical and practical learning:

Module 1: Introduction

Module 2: Fraud Risk Management – Overview

Module 3: Developing a Fraud Risk Management Program

Module 4: The Role of Culture and Internal Controls

Module 5: Fraud Risk Assessment, Part 1

Module 6: Fraud Risk Assessment, Part 2

Module 7: Putting the Fraud Risk Assessment into Action

Module 8: Shaping an Anti-Fraud Culture

Module 9: Proactively Looking for Fraud Risk Indicators

Module 10: Monitoring, Reporting, and Improving the Fraud Risk Management Program

DURATION

Total Course Duration: 2 Days

WHO SHOULD ATTEND

This course is suitable for:

• Risk Management and Compliance Professionals
• Internal Auditors and Control Officers
• Finance Managers and Accountants
• Corporate Governance and Ethics Officers
• Fraud Examiners and Investigators
• Business Executives, Senior Managers, and Entrepreneurs

For more information or to register, please contact us at info@bicadvisory.com.ng.

OVERVIEW

Bribery and corruption remain some of the most pressing governance challenges affecting both public and private sector organizations in Nigeria. Their impact extends beyond financial losses, eroding trust, damaging reputations, and undermining sustainable business growth.

According to the ACFE’s Occupational Fraud 2024: A Report to the Nations, corruption schemes account for 48% of reported fraud cases, resulting in a median loss of $200,000. In Nigeria, with increased enforcement by agencies such as the Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices and Other Related Offences Commission (ICPC), and the adoption of frameworks like the Code of Corporate Governance and Public Procurement Act, the need for stronger anti-corruption systems has never been greater.

This training provides practical guidance on how organizations can develop and strengthen anti-bribery and corruption (ABC) compliance frameworks aligned with both Nigerian and international standards. Participants will learn how to detect, prevent, and respond to corruption risks, and how to build a culture of transparency and integrity that supports compliance and business continuity.

Objectives

By the end of this course, participants will be able to:

• Understand the key legal elements of bribery and corruption under Nigerian law.
• Implement effective compliance policies in line with the EFCC Act, ICPC Act, and Public Procurement Act.
• Align organizational practices with international frameworks such as the U.S. Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act.
• Identify and mitigate common corruption risks in procurement, contracting, and third-party engagements.
• Conduct effective corruption risk assessments and due diligence.
• Evaluate and improve the effectiveness of anti-corruption compliance programs.
• Manage investigations and responses to suspected bribery or corruption incidents.
• Strengthen organizational ethics and governance to sustain compliance efforts.

Course Contents

Module 1: Introduction

Module 2: Legal Elements of Bribery and Corruption in Nigeria

Module 3: The FCPA, UK Bribery Act, and Other International Anti-Corruption Measures

Module 4: Nigerian Anti-Corruption and Governance Frameworks (EFCC, ICPC, CCB, BPP)

Module 5: Corruption Schemes in Procurement and Public Contracting

Module 6: Conducting Corruption Risk Assessments

Module 7: Building and Managing an Anti-Corruption Compliance Program

Module 8: Third-Party Due Diligence and Monitoring

Module 9: Responding to Evidence or Allegations of Corruption

Module 10: Managing Cross-Border and Multi-Jurisdictional Investigations

Duration

2 days

Who Should Attend

This course is ideal for:

• Compliance and Ethics Officers
• Risk Managers and Internal Auditors
• Legal and Corporate Governance Executives
• Procurement and Supply Chain Managers
• Finance and Control Officers
• Fraud Examiners and Investigators
• Public Sector Officers and Regulators
• Senior Managers and Board Members of private and public institutions

For more information or to register, please contact us at info@bicadvisory.com.ng.

OVERVIEW

With the growing reliance on contractors, vendors, and outsourced services across both public and private sectors in Nigeria, the risk of procurement and contract-related fraud has risen sharply. From inflated invoices to bid rigging and collusion, these schemes can erode organizational value, compromise service delivery, and damage public trust.

Fraud in procurement can occur at any stage of the contracting process from tender design and bid evaluation to contract award and payment. To counter this, organizations must establish robust internal controls, transparent procurement processes, and proactive fraud prevention strategies.

This training equips participants with the practical knowledge and tools needed to detect, prevent, and investigate procurement and contract fraud. Through real-life Nigerian case examples and global best practices, participants will learn how to safeguard procurement systems and promote accountability and integrity within their operations.

Objectives

By the end of this course, participants will be able to:

• Understand the legal and ethical implications of procurement fraud under Nigerian law.
• Identify and interpret the red flags of bribery, corruption, and collusion in procurement processes.
• Recognize common fraud schemes such as bid rigging, over-invoicing, and market allocation.
• Evaluate vendor risks and implement vendor management controls to reduce exposure.
• Develop and execute effective investigation plans for suspected procurement fraud.
• Strengthen transparency and accountability within contract and procurement functions.

Course Contents

Module 1: The Procurement Process

Module 2: Legal Elements of Procurement Fraud in Nigeria

Module 3: Bribery and Corruption in Procurement

Module 4: Collusion Among Contractors

Module 5: Collusion Between Contractors and Employees

Module 6: Fraud in Procurement Without Competition

Module 7: Performance Schemes and Contract Manipulation

Module 8: Vendor Management and Due Diligence

Module 9: Detection and Prevention Techniques

Module 10: Investigating Procurement Fraud

Duration
2 days

Who Should Attend
This course is ideal for:

• Procurement and Supply Chain Professionals
• Internal Auditors and Compliance Officers
• Legal and Risk Management Practitioners
• Public Procurement Officers and Contract Managers
• Finance and Administration Executives
• Anti-Corruption and Investigation Personnel
• Senior Managers responsible for contract oversight in both public and private organizations

For more information or to register, please contact us at info@bicadvisory.com.ng.