KPMG Professional Services has called on shareholders and audit committee members of public companies to properly scrutinize the financial statements of companies, especially under the new International Financial Reporting Standards, IFRS, dispensation, to identify weak disclosures, manipulated estimates and non-usage of fair values, saying these are signposts of fraudulent financial reporting.

From the first annual Nigerian Economic Summit Group, introduced by Chief Ernest Shonekan, in 1992, till today, the complex issues summarized as development had been on the front of the national agenda. Development, apart from leading to improved economic, social, political and personal welfare was expected to lead Nigeria towards what many had regarded as our own manifest destiny.

THE family of the late Ugochukwu Ozua, who was allegedly killed by policemen in Gbagada area of Lagos, five days after his wedding, last September, has expressed disappointment over what was described as long silence from the Police on the outcome of their investigation on the matter.

The recognition of the abysmal depth of corruption in public office is probably shared by all discerning citizens of this country; consequently, some well-meaning Nigerians have prescribed the death penalty for anyone convicted of treasury looting! The obvious provocation of the recent slap-on-the-wrist punishment to a civil servant for stealing over N27bn of Police Pension Fund may have prompted the call for more severe penalty!

LEADERS of Action Congress of Nigeria, ACN, in Edo State, weekend, explained why they opted for consensus candidates in last Saturday’s chairmanship and councillorship primaries of the party ahead of the April 20, local government elections in the state.