Employee theft is the cancerous pandemic which has overrun the soul of corporate Nigeria. There isn't one company I am aware of which hasn't fallen victim to this. I am writing an article to share my experiences and how we escaped it and examples.
At @irokotv every transaction $100+ is approved by me. Then once a week we have a weekly payment run / approval list which I review again (on email) with the finance team. Then I add comments & approve. That's the only way money moves out of Iroko. Bastian established this system
Some of my board members / investors used to say they thought it a waste of time. I told them we would be overrun with fraud if we didn't do it like that. And EVERY case of fraud. I prosecute. I have like 5-6 open cases right now. People tell me Nigeria iss lawless. Let's see
They've been begging to settle. Even some of my employees plead on their behalf. In fact the prosecution told me this week that Kiri Kiri is full and we should try to settle 🧐. It's my civic duty. Mrs Njoku says Nigerians like to steal but hate to do to jail.
To them it's not an option. They don't even consider it. Me I need justice.
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