In the past, many Nigerian companies saw buying supplies as just simple office job. Today, firms use it as a main tool to stop fraud. Dr. Olumide Olusanya, the CEO of Gloopro, says that new digital tools help firms fix the gaps that allow people to steal.
Why Fraud is a Problem Today
Dr. Olusanya spoke with Technology Times TV in Lagos. He explained that a big gap exists between formal company systems and the informal way local vendors work. Global systems often do not fit the local business realities in Nigeria.
Because of this gap, companies often perform work by hand. These manual steps make it easy for “bad actors” to commit fraud. Common tricks include:
• Changing Invoice Numbers: People alter bills to take extra money.
• Buying from Unapproved Vendors: Staff buy from people who are not on the official list.
• Splitting Orders: Someone breaks one large order into several small ones to skip a manager’s check.
When staff do work by hand, they leave no clear record to follow. This makes it very hard for the company to find these mistakes.
How Digital Tools Fix the Problem
Platforms like Gloopro put rules directly into the computer system. Instead of just hoping staff follow policies, the system forces them to comply.
• Instant Checks: The system spots a double bill or strange prices immediately.
• Clear Records: The system tracks every step in a way that people cannot easily change.
• Better Focus: Since the computer does the routine work, bosses have more time for big, important goals.
More Than Just Saving Money
If a company faces a lot of fraud, it can ruin its name and break the law. Many global tools fail in Africa because they do not understand how local markets work.
By using digital tools made for the local area, Nigerian firms make their work honest from start to finish. This approach builds trust with suppliers and keeps the business safe.
