FORENSIC ACCOUNTING AND FRAUD INVESTIGATION
Forensic accounting deals with the detection and prevention of financial crimes, including fraud. It involves the use of investigative and analytical skills/tools to unravel financial crimes, ascertain the perpetrators and the extent of their involvement, whilst ensuring compliance with the legal framework for evidence gathering and prosecution. Our partners have carried out several investigations across the financial services industry and beyond. Accordingly, we have worked with organisations to unravel fraud and identify the perpetrators for necessary disciplinary action, recovery and litigation.
Remarkably, two of our partners provided the investigative breakthrough that enabled the Federal Government of Nigeria to secure a right of appeal in the landmark case between Process & Industrial Developments Limited (P&ID) and the Federal Government of Nigeria, which resulted in the reversal of the $11 billion dollars arbitration award against the Government. Being in the service of the Central Bank of Nigeria at the time, they were co-opted into the investigations based on high-level engagements at the Presidency. The duo has subsequently decided to provide their skills to organisations across the globe with a view to reducing the incidence and extent of financial loss attributable to fraud. Consequently, Setivel Counter-fraud Services was established with the objective of diminishing the threat of fraud across the globe.