TIMBOU-AFRICAN ACADEMIC INTERNATIONAL JOURNAL OF FINANCIAL RESEARCH AND MANAGEMENT SCIENCE (TIJFRMS)
VOL. 7 (7) NOVEMBER, 2021 EDITIONS. ISSN: 2773-1040
Published by:
TIMBOU-AFRICAN ACADEMIC PUBLICATIONS,
Centre for African Development Studies,
Federal Ministry of Education, Abuja, FCT-Nigeria.
FORENSIC ACCOUNTING IN MITIGATION OF CORPORATE FRAUD IN NIGERIAN BANKS
*CHIMA CHUKWUKA CHRISTIAN Ph.D; **OBIAH MMADUBUIKE EMMANUEL
*Department of Business Administration and Management, University of Agriculture and Environmental Sciences, Umuagwo, Imo State, Nigeria. **Department of Accountancy, Imo State Polytechnic, Omuma (Mbano Campus)
ABSTRACT
The paper examined forensic accounting on mitigation of corporate fraud in Nigerian banks. The study adopts descriptive research design. The population of this study composed of 103 small and medium scale enterprises in South East. The top, middle and lower level managers were employed as the sample for the study. The study made use of primary data which was collected through semi-structured questionnaire. The data obtained were analyzed with the help of SPSS Version 21 and F-test in Analysis of Variance (ANOVA) and t-test were used to measure statistical significance and t-statistic to test statistical significance of study coefficients. The result revealed that the coefficients of determination shows that at 95% confidence level all the variables (proactive fraud audit, compliance with policies, robust internal controls, management override of controls, segregation of duties, dispute resolution, and litigation support) of forensic accounting had a positive and significant effect on the fraud mitigation in banks. The paper therefore, concluded that, there is correlation between forensic accounting and mitigation of corporate fraud in Nigerian banks. The paper recommended among others that corporate institutions should adopt proactive fraud audit, compliance with policies, etc, measures in order to detect and prevent certain frauds and financial errors in corporate organizations. The study suggested that further study should be conducted in public sector so as to compare how both private and public sectors deal with the challenge of fraud in Nigeria.
Keywords: Forensic, Accounting, Mitigation, Corporate Fraud, Nigerian Banks
THE EFFECT OF BUILDING QUICK SERVICE RESTAURANTS (QSR) OUTLETS ON GROWTH & MEASUREMENT OF THEIR FINANCIAL PERFORMANCE IN NIGERIA.
PROF. YAYOK PAUL KANWAI (PhD)
Real Estate, Project & Facilities Management, Nile University of Nigeria
ABSTRACT
Of the greatest challenge of firms in a matured industry specifically the fast food firms are how grow and expand through innovation in terms of customers’ satisfaction which could be in the form of speed of service, products quality and varieties but yet customers seem to be far away from being satisfied thereby scuttling their growth propensity. This study therefore sought to examine effect of expansion on the financial performance of Tantalizer Plc & Mr. Biggs through the performance elements of goal setting and financial indices of ROA, ROE & EPS and how they affect the growth of Tantalizer Plc & Mr. Biggs. The study adopted the use of proxy data from the quoted financial statements of the QSR’s. Multiple regression analysis was employed to test the hypotheses formulated of which the study found a significant and positive effect of expansion and growth on the financial performance of the QSR’s. it equally discovered that poor management and customer behaviour coupled with the economic effects as well as socio-political issues with security had negative impact on the financial performance as the expansion of these QSR’s was stagnated with the period of 2016-2019. the study recommends that Management has to train and re-train branch staff, especially the chefs and waiters, and provide adequate supervision to ensure that corporate standards and culture are sustained. And also that appraisal be conducted in a fair manner and such results communicated to employees.
Keywords: Performance-Management, Expansion/growth, Financial Performance, Return on Assets, Return on Earnings/investment & Earnings Per Share.
ANALYZING THE SECURITY THREATS IN IMPLEMENTING WIRELESS AD HOC NETWORKS FOR BUSINESS ENTERPRISES
ABDULLAHI MUHAMMED
Department of Business Administration, Bauchi State University, Gadau. P.M.B 065 Bauchi State. Nigeria.
ABSTRACT
In recent years due to the dynamism of distributed means of communication through wireless channels it has been a challenging task for a secure and uninterrupted communication due to the attack been lunched by intruders to the infrastructure of the wireless network. Specialists in network security field have been on alert all this while in coming up with security counter measure in preventing attackers getting access into a network by developing tools such as the Intrusion Detection System, Firewalls and coming up with Access Control Policies to be able to make it hard for any intruder to have access into a network. This paper aims at the deployment of experimental security countermeasures in an ad-hoc environment for wireless networks.
Keywords: Analyzing, Security, Implementing, Wireless, Business Enterprises
TEXTILE INDUSTRIES FOR SUSTAINABLE DEVELOPMENT IN THE NIGERIAN ECONOMY
1*M.I. DABO, 2S.M. NASIR, 3B. HABIB, 4U. KHAMIS, AND 5A.Y. ABDULAZEEZ
1,3,4,5Department of Textile Technology, College of Science and Technology, Kaduna Polytechnic, Kaduna. 2Department of Printing Technology Kaduna Polytechnic, Kaduna.
ABSTRACT
The socio-economic development of Nigeria cannot be fully realized without considering the textile industries as the way of diversifying the economy. Reviving the textile industry will not only improve the economy and increase the foreign reserve exchange but one way of curtailing the social vices such as Unemployment, Banditry, Kidnapping, and Boko Haram insurgency. It is however, necessary for the government as a matter of urgency to revive the textile industry and take advantage of the huge population of over 200 million Nigerians with the view to reduce the rate of unemployment deficit by providing direct and indirect jobs. This paper seeks to highlight the impact of textile industry to the economic development of Nigeria and way of diversifying the economy especially when considering the consistence decline of the oil price in the world oil market. Since the beginning of Covid -19 pandemic.
Keywords: Textile, Economy, Employment, Sustainable, Development.
AN EXAMINATION OF BANKER’S OBLIGATION TO APPOINT AN APPROVED AUDITOR AND REPORT UNDER THE BANK AND OTHER FINANCIAL INSTITUTIONS ACT, 2020
*USMAN BAPPAH, DARAZO; & **AUWAL IBRAHIM
*Crime Management Department Federal Polytechnic Bauchi. **Civil Law Department, A.D. Rufa’i College of Education Legal and General Studies Misau
ABSTRACT
Bank and other Financial Institutions Act, 2020 repealed the Bank and other Financial Institutions Act, Cap. B3, 2004 to among other things regulate banking and business of other financial institutions in Nigeria; and for related matters. The Act spell out duties to Bankers mandating them to appoint Auditor and the Auditor in turn to make report to the Central Bank of Nigeria. This work examines the statutory obligation of the Banker under the Act to appoint the Auditor, the report he made to the Central Bank vis a vis the consequences for the Auditor’s negligent conduct. The provisions of Companies and Allied Matters Act, 2020 relevant to the duties and appointments of Auditor were also studied.
Keywords: Examination, Banker’s Obligation, Auditor, Report, Bank and Other Financial Institutions Act, 2020
THE CASE OF INCREASING DEBT IN NIGERIA AND ITS IMPLICATION FOR HUMAN CAPITAL DEVELOPMENT.
*VEN EGESI JONATHAN; **VEN. PROMISE OPARANOZIE; & ***MR. EMMANUEL NWACHUKWU
*Imo State Polytechnic, Umuagwo-Ohaji, P.M.B 1472, Owerri **Imo State University Owerri. ***Imo Polytechnic Umuagwo-Ohaji.
ABSTRACT
This research studies the case of increasing debt in Nigeria and its implication for human capital development. Nigeria like various other countries is ranked among the countries that is considered great in the continent if not ranked the most influential outside the shores of Africa. The study found out that It is no longer news in the country that monies amounting to trillions have already been borrowed. Also find out that Nigeria’s debt toll has risen to in excess of trillions leaving much to be desired. This discourse is not in any way condemning the act of borrowing in the first place. This concludes that the current condition of the Nigerian economy, debt crisis/overhang could worsen the poverty and inequalities existing in the country that is already in a deplorable state and this call for caution and more planned strategy in debt management in Nigeria.
Keywords: Increasing, Debt, Implication, Human Capital Development, Nigeria.
EFFECT OF FUNDING ON PERFORMANCE OF SMEs IN NIGERIA INSTITUTE OF LEATHER AND SCIENCE TECHNOLOGY, ZARIA
¹OLATUNJI, T. E., ²BUNGUDU M., ³AUWAL M. SALIHU, ⁴ALKALI P.
¹³⁴Directorate of Academic Planning, Nigeria Institute of Leather and Science Technology, Zaria. ²Footwear Department, NILEST, Zaria.
ABSTRACT
This study examined the Effect of Funding on Performance of MSMEs through the Nigeria Institute of Leather and Science Technology, Zaria. The study evaluated the efficiency of the different sources of funds available for the SMEs as well as other non-financial factors responsible for the poor performance of SMEs in Nigeria. The sample size consisted of 150 returned copies of questionnaire out of the 200 distributed. Stratified random sampling technique was applied in the choice of respondents’ categories. Independent sample t-test was used to test the hypotheses. The study indicated significant statistical difference for sources of funds and in the efficiency of the various sources. The challenge of funds still ranked highest followed by unstable power supply, while micro finance banks were expected to do more to assist the SMEs in Nigeria Institute of Leather and Science Technology, Zaria.
Keywords: Funding, Performance, SMEs, Leather, Technology.
THE ROLE OF INFORMATION AND COMMUNICATION TECHNOLOGY (ICT) IN PAYROLL OPERATIONS FOR POLYTECHNICS IN NIGERIA
AKILU UMAR BAKARI
School of Business and Management Technology, Department of General Studies, The polytechnic Bali
ABSTRACT
Payrolling of staff in polytechnics lays significance on prompt rewards and productivity. Payment of salary in polytechnics is a key to performance effectiveness, efficiency and service success. This work discusses the role of Information and communication technologies (ICT) in payroll operation for polytechnics in Nigeria. Information and communication technologies (ICT) refer to several forms of information exchange between two or more computers through any of the several methods of interconnection. These technologies provide speedy, low-cost and convenient means of communication. The adoption of these technologies in polytechnics in Nigeria federal and state government have been found to have direct positive impact on the institutions efficiency and have led to more rapid acceleration of development in the country. Technology is transforming human resource (HR) practices and activities by improving their effectiveness in managing organizational resources. The use of relevant technology in HR would increase organizational ability to meet new challenges such as globalization and increase of diversity in workplaces. Computerized payroll system is one of the technologies commonly used in HR and measured as the heart of HR activities. Utilization of Information Technology (IT) is now entered in a very good condition that can be used in every aspect of life. Utilization of good IT will generate benefits for its users in utilizing IT. As well as in the field of employee payroll information systems are needed in the polytechnics system, by utilizing IT, will be faster in processing data and generate payroll reports are also fast. The study proposes some recommendations and suggests other avenues for more research as well.
Keywords: Role, Information and communication technologies (ICT), Payroll, polytechnics, Nigeria.
IMPACT OF DELEGATION OF AUTHORITY ON EMPLOYEE MOTIVATION IN REGISTRY DEPARTMENT, FEDERAL POLYTECHNIC, BIDA, NIGER STATE, NIGERIA
SHAFII, MUHAMMAD HAMISU; & BAGUDU, MOHAMMED WAZIRI
Department of Business Administration and Management, Federal Polytechnic, Bida, Niger State
ABSTRACT
The paper is on delegation of Authority as a motivational tool for employee’s performance. The primary objective of the paper is to examine the effect of delegation of authority on employee’s motivation and how this can lead to attainment of corporate goal. The research is quantitative in nature and adopted a survey methodology. A structured questionnaire was design using five likert scales rating to collect and analyse data. A total of thirty five (35) questionnaires were administered to employees in registry department to elicit adequate information but only twenty four (24) questionnaires were returned. Findings reveal that delegation of authority will improve employee’s performance and leads to attainment of corporate goal and recommended that superior officers in registry department of Federal Polytechnic, Bida, should be bold in bearing responsibilities and accommodate the mistake of subordinates.
Keywords: Motivation, Delegation of Authority, Employees and Job Responsibility
THE POSITION OF THE SECRETARY IN A REGISTERED COMPANY IN NIGERIA: A CRITICAL DISCOURSE
SHEKARA PEACE JOHN
Federal Polytechnic Bauchi, School of Environment, Department of Estate Management
ABSTRACT
The company secretary is one of the very important persons of a registered company who is involved in the daily implementation of management decisions with other officers of the company that form part of the management team under the oversight of the managing director. Despite the fact the company secretary does not take part in management decisions, but the law made it mandatory that every registered company in Nigeria must have a secretary. Therefore, the position of the secretary, his functions, mode of appointment and removal will be discussed in this paper to determine his importance and powers in the company.
Keywords: Position, Secretary, Registered, Company, Nigeria, Critical Discourse
THE IMPACT AND IMPLICATION OF BREXIT ON SUB-SAHARAN AFRICA’S ENTERPRENEURIAL DEVELOPMENT RESEARCHER
DR REBECCA OLUFUNKE OLUTOYE
Purchasing and Supply, Kaduna Polytechnic, Kaduna
ABSTRACT
The discourse on Brexit and its supposed impact on first the UK economy and other economies of the world has been a topic of interest to all and sundry. Many Sub-Saharan African countries have undertaken significant economic reforms; improving macroeconomic management, instigating conducive private investment climate, liberalizing markets and widening the space for entrepreneurship to drive strong and inclusive growth. This paper thus poses the question of how will Brexit affect Sub-Saharan Africa’s entrepreneurial development. This paper looks at the available empirical evidence focusing particularly on its impact and implication for Sub-Saharan Africa. The paper builds on three focus areas. First is Sub-Sahara African countries may eventually benefit from the creation of new export opportunities. Second is Brexit’s impact on the global economy and influence on the Economic Partnership Agreements (EPAs) with the European Union will reduce the UK developmental cooperation Sub-Saharan Africa previously enjoyed. A third possible impact of Brexit for Sub-Saharan Africa is that it could diminish confidence for sustainable regional integration like the EAC and ECOWAS. The findings and recommendation of the paper is that Africa needs to learn pertinent lessons from Europe, engage in more entrepreneurial endeavours that promotes economic cooperation and regional integration.
Keywords: Brexit, Entrepreneurial Development, Sustainable Development, Sub-Saharan Africa
MEDIATING EFFECT OF ENTREPRENEURIAL COMPETENCIES ON THE RELATIONSHIP BETWEEN ENTREPRENEURIAL ORIENTATION AND SMALL AND MEDIUM SCALE ENTERPRISES (SMEs) PERFORMANCE IN NIGERIA
1USMAN MAMMAN KANDI, 2MAHMUD BABA RANI 3HARUNA USMAN ABDULSALAM
1&3Department of Business Administration, College of Business and Management Studies, Kaduna Polytechnic, Kaduna State. Nigeria. 2Department of Management Studies, College of Business and Management Studies, Kaduna Polytechnic, Kaduna State. Nigeria.
ABSTRACT
In the current technology driven era, Small and Medium Scale enterprises (SMEs) have emerged as very essential economic catalyst in the development and industrialization bid of most developed and developing economies such as Nigeria. Given the economic realities in Nigeria, the country must constantly create new jobs and diversify the industrial and commercial sector to take advantage of human and natural resources through entrepreneurship. The present research aims to identify the role of entrepreneurial competencies on the relationship between entrepreneurial orientation and SMEs performance in Nigeria. Questionnaire was distributed to the owners/managers of registered SMEs in Kaduna State. Structural Equation Model was used to analyzed the data using Partial least Square Method (PLS 2). The result based on the findings shows that innovativeness has positive and significant effect on SMEs performance, just as risk taking and entrepreneurial competencies has positive and significant effect on the performance of SMEs. However, proactiveness and the performance of SMEs are not significantly related. On the mediation relationships, entrepreneurial competencies only mediate the relationship between risk taking and performance of SMEs. Therefore, the study conclude that entrepreneurial competencies do not mediate other relationships in the study. Furthermore, the study shows that innovativeness and risk-taking affect significantly and positively SMEs performance. Finally, the study recommends that SMEs owner/managers should attach more importance to the implementation of innovative and risk taking in order to increase their performance.
Keywords: Entrepreneurial orientation, entrepreneurial competencies, SMEs Performance.