Africa-Press – Liberia. By Stephen G. Fellajuah
ACFE Liberia Chapter President, Atty. Augustine G. Chenoway has warned about the dangers of fraud, stressing that it goes far beyond financial losses. He cautioned that “fraud is not merely a financial crime, it is a breach of confidence that undermines governance, erodes public trust, and weakens the very foundations of our organizations.”
He further noted that in today’s rapidly evolving environment, their responsibility is greater than ever.
The Liberia Chapter of the Association of Certified Fraud Examiners (ACFE), Chapter #198, officially launched a three-day intensive anti-fraud conference designed to refresh and broaden the minds of Certified Fraud Examiners, associates, internal and external auditors, lawyers, law enforcement officers, bankers, investigators, and risk and compliance professionals.
The conference is hosted at Paynesville City Hall and runs from 27 November to 2 December 2025. It features key sessions on Integrating Fraud Risks into Enterprise Risk Management and Red Flags and Fraud Schemes in Procurement and Asset Management.
During his opening address, Chenoway emphasized the importance of collaboration in safeguarding institutions. He highlighted that each participant represents a vital link in the chain of accountability, adding that together they can form a robust network committed to protecting trust, transparency, and ethical leadership.
Citing findings from the 2024 Global Fraud Survey (Report to the Nations), he underscored the seriousness of fraud worldwide: 1,921 cases reported across 138 countries, with organizations losing an estimated 5% of revenue, amounting to US$3.1 billion.
Chenoway said the workshop aims to equip attendees with cutting-edge tools, proven investigative techniques, and practical case studies across ethical leadership, governance, procurement risks, asset management, and anomaly detection.
More importantly, he described it as a platform to strengthen collaboration and reaffirm collective commitment to fighting fraud.
Speaking on behalf of President Chenoway, Jarwo Nutah Cooper, CFE, CIA, Training Director of ACFE Liberia, encouraged participants to engage actively, urging, “Let us leave here not only with enhanced knowledge, but with renewed determination to lead with integrity and to build systems that withstand the pressures of fraud and corruption.”
Also delivering remarks, the Director General of Liberia’s Internal Audit Agency (IAA), David A. Kemah, stressed the importance of continuous training. He noted that sustained capacity building is crucial to keep up with the sophistication of criminals and the complexity of their work, and to stay ahead with confidence.
The Liberia Electricity Corporation (LEC) also lauded ACFE Liberia for organizing the training, emphasizing that strong internal controls and a culture of accountability are vital to improving service reliability and reinforcing public confidence.
Representing the corporation, D. Clifford M. Russell, Senior Auditor, explained that LEC is currently undergoing major operational realignment guided by a strategic plan anchored on five pillars: financial sustainability, operational excellence, customer focus, governance and institutional effectiveness, and digital transformation.
“These foundational blocks not only catapult the entity but reaffirm our commitment to transparency, compliance, and good governance,” Russell stated confidently.
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