The Imo State government recently initiated a thorough forensic audit of 157 markets across the state, starting at the Naze Timber and Allied Market in Owerri North Local Council. The Commissioner for Trade, Commerce, and Investment, Rex Anubobi, highlighted the government’s commitment to ensuring the integrity and efficiency of market operations through this audit. The goal is to identify weaknesses, uncover fraudulent activities, and create a level playing field for all stakeholders.
The audit will also involve digitalizing market processes to restore confidence, protect investors, and facilitate better planning and intervention strategies. The collaboration with an electronic audit firm signifies the government’s dedication to conducting a transparent and unbiased investigation.
Notable figures at the event, including the Managing Director of the Amanda Group, Special Adviser to the Governor on Market Affairs, and President of the Owerri Building Materials Association, stressed the importance of data capture for improved government-trader relations and effective planning.
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