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Government Integrated Financial Management Information System and Fraud Prevention in Nigeria
Owolabi Sunday Ajao,
Odunlade Olajire Aremu,
Izang Julia Ufuoma
Issue:
Volume 10, Issue 3, May 2022
Pages:
151-159
Received:
20 April 2022
Accepted:
9 May 2022
Published:
19 May 2022
Abstract: The government's integrated financial management information system is essential to improve fraud prevention in Nigeria. One of the most challenging obstacles confronting government sector has always been fraud prevention. According to studies, the integrated financial management information system has aided government budget planning, execution, and monitoring, as well as tracking, recording, and reporting revenues and expenditures in government offices and parastatals in other developing economies, in order to close any gaps and reduce the risk of fraud. The study examined the effect of government integrated management information system on fraud prevention in Nigerian. Survey design was adopted. One hundred and Thirty-Seven (137) copies of questionnaires were administered to government employees in the selected agencies and one hundred and thirty-three (133) were returned. Descriptive and inferential (Multiple regression) were used to analyse the data. The result of the finding shows that integrated financial management information has significant effect on fraud prevention in Nigerian public sector. Adj. R2= 0.64, F- statistics 35.862, P- value <0.000. The study concluded that integrated financial management information system has significant effect on fraud management. The study recommended that the federal government should maintain the integrated financial management system so that when power changes, they will continue to use the system that is already in place to avoid stagnating economic growth and development.
Abstract: The government's integrated financial management information system is essential to improve fraud prevention in Nigeria. One of the most challenging obstacles confronting government sector has always been fraud prevention. According to studies, the integrated financial management information system has aided government budget planning, execution, a...
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Social and Environmental Accounting and Performance of Banking Companies Quoted in Nigeria
Olayemi Oluwadamilola Amosun,
Sunday Ajao Owolabi,
Olajire Aremu Odunlade
Issue:
Volume 10, Issue 3, May 2022
Pages:
160-167
Received:
20 May 2022
Accepted:
6 June 2022
Published:
14 June 2022
Abstract: Since the 2007-2008 global financial crisis, which affected many large corporations, the performance of companies has come under scrutiny, and the corporate world has been forced to restructure its relationship with its stakeholders. For many years, stakeholders have been clamoring for greater accountability, and transparency from the management of companies on social and environmental matters. This paper studied the relationship between social and environmental accounting and performance of banking companies quoted in Nigeria, using ex-post-facto research design, while the total enumeration sampling technique was used in the selection of the 13 banking companies for a period of 10 years from 2011 - 2020. Descriptive and inferential statistics were used to analyze the data. The study's findings demonstrated that social and environmental accounting had a considerable impact on the return on capital employed (ROCE) of Nigerian banking organizations (Adj R2 = 0.0367, F-Stat = 14.34, p = 0.0008) While the effect of social and environmental accounting disclosure on return on capital employed (ROCE) of Nigerian banking enterprises is moderated by firm size (ΔAdj R2 = 0.1391, F-Stat = 7.95, p = 0.0001). According to the findings, social and environmental accounting has a substantial impact on the performance of Nigerian financial organizations. The study recommended that policies be made for the mandatory disclosure of social and environmental accounting information in the financial statement of firms.
Abstract: Since the 2007-2008 global financial crisis, which affected many large corporations, the performance of companies has come under scrutiny, and the corporate world has been forced to restructure its relationship with its stakeholders. For many years, stakeholders have been clamoring for greater accountability, and transparency from the management of...
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Economic Degradation: The Dangers of a Depleting Economy Resulting from Rural Exodus Due to War - Case of Southwest Region of Cameroon
Issue:
Volume 10, Issue 3, May 2022
Pages:
168-173
Received:
6 May 2022
Accepted:
1 June 2022
Published:
27 June 2022
Abstract: The rampant movement of the people of the South West Region of Cameroon to that of the French speaking regions in search of peace, security, education, greener pastures, etc. has hashed a dangerous breed of vultures that are eating the fabrics of the economic system of the region and the country in general. Rural exodus in any developing or underdeveloped country is a deterrent to the economy and a weightier venture that challenges the management and leadership skills of the power that be to make intelligent decisions for future success. In this qualitative research with a purposive sample, data were collected from 30 participants in the age range of 18-65 years old and analyzed to help safeguard the economic and financial stability of the Southwest Region of Cameroon. The result shows that peace and education are the solutions to prevent businesses from leaving or moving out of the State or Region to areas of calmness and security. There are still rampant killing and kidnapping of innocent citizens for ransom who have no power to change the country's laws. The leadership must stop playing politics and strive to maintain peace and seek solutions quickly to stabilize the economic condition of the people.
Abstract: The rampant movement of the people of the South West Region of Cameroon to that of the French speaking regions in search of peace, security, education, greener pastures, etc. has hashed a dangerous breed of vultures that are eating the fabrics of the economic system of the region and the country in general. Rural exodus in any developing or underde...
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