Recession: Expert Advocates Background Check As Panacea


A Financial expert, Managing Director, Background Check International, BCI, Mr. Kola Olugbodi, has stressed the need for background check as a key tool that could assist corporate organizations confront the challenges posed by the present economic recession in the country.

Olugbodi, therefore, urged corporate organizations to embrace background check and institute it as a corporate culture to entrench values and due diligence procedures to eliminate fraud.

Mr. Kola Olugbodi

He stated: “There is the need to verify the claims people make. There is the need to make a culture of background check and ensure that employees are thoroughly investigated and screened before employment. Investment in background check provides adequate information that enhances decision making. Organizations should no longer gamble about background check.

“Most losses in organizations in terms of deliberate illegal acts, fraud, sharp practices are committed by employees. In these times of recession, organizations should block all sources fraud and wastages in the system. All these fraudulent acts and malpractice should be checkmated. Background check is desirable in all areas of life.

“In these times of recession, organizations should block all sources of fraud and wastages in the system. Background check is the process of verifying claims and conducting proper checks on people or organizations as the case may be. Background check has become imperative for corporate organizations to adopt a workable action plan to thoroughly evaluate and investigate claims by employees or business investors as the case may be. Background check is not limited to employees only but it also cuts across every strata of the society.”

“The significant role of background check in eliminating fraudulent claims and false information needs to be highlighted and accorded its rightful place by all and sundry. When this is done appropriately, all hands should be on the deck to ensure that background screening is established as not only a culture but also a norm in every facet of our lives.”

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