The Federal Government today inaugurated the 2025 Fraud Control Management Systems to strengthen business integrity and boost investor confidence in Nigeria.

The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, represented by the Deputy Director Reforms at the ministry, Mrs Jachinma Agu performed the inauguration in Abuja.

Oduwole described the initiative as a landmark step in aligning Nigeria’s economic reforms with the “Renewed Hope Agenda” of President Bola Ahmed Tinubu’s administration.

The minister, who described the standard as a hidden tax on development, said it would help tackle fraud.

Oduwole urged ministries, departments, and agencies to lead by example in adopting the standard, emphasising that its implementation in the public sector would enhance transparency and improve service delivery.