Fraud

Legal Liability of Auditors for Corporate Fraud: Challenges and Prospects

This article examines auditors’ legal liability for corporate fraud under Nigerian law. It analyses the statutory, common law and professional standards governing auditors’ duties, the circumstances that may give rise to liability, and the practical challenges that hinder effective enforcement. It also proposes reforms aimed at strengthening regulatory oversight, auditor independence, technological competence and corporate governance while preserving the proper limits of the audit function.

Digital Assets, Fraud, and the Limits of Criminal Law

The rapid expansion of digital assets has blurred the distinction between commercial failure and criminal conduct in Nigeria. This article examines the growing tendency to criminalise digital asset disputes that are fundamentally civil or contractual in nature, analyses the legal threshold for fraud, and highlights the dangers of using criminal process as a substitute for civil remedies. It advocates legislative, regulatory, and institutional reforms to preserve the integrity of criminal law while ensuring effective investor protection in Nigeria’s evolving digital economy.

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