Research Article

EFFECT OF PRESSURE ON FRAUD IN NIGERIAN DEPOSIT MONEY BANKS

Fasua Kayode Olushola1*, Uwaleke Uche2
1 Nigerian College of Accountancy, Jos
2 Department of Banking and Finance, Nasarawa State University, Keffi
* Corresponding author: fasuakayodeolushola@njar.org.ng
Published: Dec, 2016
Pages: 140-163
Views: 66
Downloads: 45

Abstract

The recent corporate collapses of large organizations including banks have raised questions about the efficacy of contemporary management and fraud prevention and detective mechanisms in investigating and identifying the cause of the failure. Therefore, the study investigates the effect of pressure on the fraudulent practices in the deposit money banks listed in Nigeria.The population of the study consists of all the 14 deposit money Banks listed in Nigeria (DMBs) as at December, 2015 which consist our sample size, multiple regression technique of data analysis were employed using multiple regressionmodel, structured using longitudinal balanced panel data. The findings of the study revealed that external pressure and meeting financial target has a significant negative impact on the fraudulent practices in the deposit money banks listed in Nigeria, while managers’ personal financial situation is having a significant positive influence on fraud in the deposit money banks listed in Nigeria, finally, financial stability is not in any way impacting on the fraudulent practices in the deposit money banks in Nigeria. The study therefore, recommended that, the management of listed Nigerian deposit money Banks should intensify effort by strengthening their internal control system, competent management, effective supervision. However, the managementsare also advice to provide a serious punishment to the perpetrators of fraud as well as reporting cases of actual or suspected fraud to responsible commissions such as economic and financial crime commission (EFCC) and to bring it to the notice of public which will deter their image, consequently discourage prospective perpetrators.

Keywords

positive influence prospective perpetrators competent management

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How to Cite

Olushola, F. K., & Uche, U. (2016). EFFECT OF PRESSURE ON FRAUD IN NIGERIAN DEPOSIT MONEY BANKS. Nigerian Journal of Accounting Research, 12(2), 140-163.

F. K. Olushola, and U. Uche, "EFFECT OF PRESSURE ON FRAUD IN NIGERIAN DEPOSIT MONEY BANKS," Nigerian Journal of Accounting Research, vol. 12, no. 2, pp. 140-163, December 2016.

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