Fraud and the African Renaissance

Abstract

Forensic studies have identified fraud as a major factor that hampers Africa’s economic development. This paper first establishes a link between fraud and the ideal of the African Renaissance. It then gives an overview of the extent of fraud in Africa by discussing the findings of a recent forensic survey on fraud in Africa. Against this backdrop it is then argued that what is needed to turn the tide of fraud in Africa is a transvaluation of loyalties to include and cover interests of the modern nation‐state rather than just those of the clan, tribe and race. The paper finally calls for African nations to rise up to new challenges in governance by upholding ethical values and by their determination to detect and prevent all forms of fraud as the only viable way towards the realisation of the ideal of an African Renaissance.

Ethical Dilemmas In Management: An African Perspective

“…The high dependency of the economics of African nations on government raises ethical dilemmas that require special attention (Rossouw, 2000). By western standards, ethical lapses occur all over African countries (Gichure, 2000) but particularly in Nigeria. This is so because the level of ethical lapses can be traced to the level of corruption, collapse of moral standards, high level of permissiveness, unemployment and poverty (Oshikoya, 2008).…”