Detecting and preventing fraud is not an easy task, especially in the Nigerian public sector because it requires comprehensive knowledge about the nature of fraud, how it can be perpetrated and obscured by the fraudsters. Consequently, this study was, conducted with the primary aim to examine the significance relationships between the elements of FTT and fraud incidences towards combating the fraud outrages in the Nigerian public sectors. It was found that various factors are linked to the fraud perpetration in the public sector such as greediness of the high-profile government officials and poor standard of living for the lower rank officers. Equally, it is suggested that the Nigerian government should establish Salary Scale Reform (SSR) to increase the civil servants’ salary and provides fringe benefits to improve employees’ standard of living. Additionally, the Nigerian government should initiate a training scheme such as workshop, seminar and conference to enhance the employees’ moral behaviour and understand the negative impact of fraud on their behaviour and Nigerian economy. The study will immensely help Nigerian government and anti-graft bodies to understand why and how the public servants commit fraud so as to apply an appropriate control measure to combat the menace. From the academic perspective, this study stems to bridge the gap of insufficient study in relation to the application of FTT toward curtailing the broad range of possible causes of fraudulent activities.
Afma, G. (2013). Corruptions and the Frauds of the Nigerian Government http://moinsights.com/corruptions-and-the-frauds-of-the-nigerian-government/
Albrecht, W. S., Hill, N. C., & Albrecht, C. (2006). the Ethics Development Model Applied To Declining Ethics in Accounting. Australian Accounting Review, 16(1), 30-40.
Albrecht, W.S. (2005). Identifying Fraudulent Financial Transactions: A Framework for Detecting Financial Statement Fraud. Brigham Young University.
CIA Fact Book, (2013). Nigeria Https://Www.Cia.Gov/Library/Publications/The-World-Factbook/Geos/Ni.Html [Accessed January 25, 2014].
Cressey, D. (1953). Other People’s Money: A Study in the Social Psychology of Embezzlement, Free press, Glencoe, IL.
Duffield, D. & Grabosky, P. (2001). The Psychology of Fraud. Australian Institute of Criminology. CTTMA Newsletter Volume IV Issued I.
Hoope,r M. J. & Pornelli, C. M. (2010). Deterring And Detecting Financial Fraud: A Platform For Action Http://Www.Thecaq.Org/Docs/Reports-And-Publications/Deterring-And-Detecting Financial-Reporting-Fraud-A-Platform-For-Action.Pdf?Retrived
Karwai, S. A. (2002). Bank Fraud: Can Shari’ah Prevent It? Journal of Business Administration, 2(1), 62-78.
Kasum, A.S. (2009). The Relevance of Forensic Accounting to Financial Crimes in Private And Public Sectors of Third World Economies: A Study From Nigeria. Proceedings of the first International Conference on Governance Fraud Ethics and Social Responsibility. Retrieved from Http://Ssrn.Com/Abstract=1384242 On 10/07/2014.
Kelly, P., and Hartley, C. A. (2010). Casino Gambling and Workplace Fraud: A Cautionary Tale for Managers. Management Research Review, 33(3), 224-239.
Lister, L. M. (2007). A Practical Approach to Fraud Risk. The Internal Auditor. Volume 2 pp1-30
Modugu, K. P and Anyaduba, J. O. (2013). Forensic Accounting And Financial Fraud In Nigeria: An Empirical Approach. International Journal of Business and Social Science Vol. 4 No. 7; Pp.281-289
Mukoro, D. O., Faboyede, S. O., & Edafejirhaye, V. I. (2011). Forensic Accounting and Fraud Management perspective: An Integrated Approach. H-Link Excel, Lagos.
Mukoro, D., yamusa, O. & Faboyede, S. (2013). the Role of forensic accountants in fraud Detection and National security in Nigeria. Change and Leadership, No. 17 pp. 90-107
Ojaide, F. (2000). Frauds Detection and Prevention: The Case of Pension Accounts ICAN NEWS January/March. P8
Okekeocha, C. (2013). A Case Study of Corruption and Public Accountability in Nigeria. Kennesaw State University May 2013.Department of Political Science And International Affairs.
Okoduwa, R. (2007). Combating Corruption in The Public Sector and The Role of Theicpc.Http://Www.Cenbank.Org/OUT/PUBLICATIONS/TRANSPARENCY/2007/TRANSPARENCY2007.PDF [Accessed March 21, 2013].
Okoye, E. I. and Akamobi, N. L. (2009). The Role of Forensic Accounting in Fraud Investigation and Litigation Support. The Nigerian Academic Forum Vol 17 No1.
Okoye, Ejike, and Sam. (2005). How To Tackle Corruption Effectively In Nigeria. Nigerian Organisations. AAU J. Manage. Sci., 1(1): 171-199.
Olowu, B. (2001). Pride and Performance in African Public Services: Analysis of Institutional Breakdown and Rebuilding Efforts in Nigeria And Uganda. International conference.
Omotoye, Richard. (2011). Restoring Financial Transparency and Accountability in Nigeria. International Research Journal of Finance and Economics 78: 158-170.
Oyejide AT (2003). Corruption And Development: A Nigerian Perspective Paper Presented At The 2008 Annual Conference of Institute of Chartered Accountants.
Premium Times Report (15th July, 2014). “Nigerian Law School accountant docked for alleged fraud.” http://www.premiumtimesng.com/news/164972-nigerian-law-school-accountant-docked-for-alleged-fraud.html
Rae, K., and Subramaniam, N., (2008). Quality of internal control procedures: antecedents and moderating effect on organisational justice and employee fraud. Managerial Auditing Journal, Vol. 23. , No:2, pp. 104-124.
Rasha, K. and Andrew H. (2012). “The New Fraud Triangle’’: Journal of Emerging Trends In Economics And Management Sciences, Vol.3 (3)
Sahara Report (9th July, 2014).” Taraba State Accountant-General Docked For N1.56bn Fraud” http://saharareporters.com/2014/07/09/taraba-state-accountant-general-docked-n156bn-fraud
The Punch (2015). “$700 million raw cash found in Petroleum Minister’s house, Jonathan covers up.” News Punch 25th January, 2015. http://www.newspunch.org/exclusive-700-million-raw-cash-found-in-petroleum-ministers-house-jonathan-covers-up-2/
Transparency International Corruption Perception Index (2012). “ Governments must Prioritize the Fight Against Corruption.” www.transparency.org › ... › Corruption perceptions index › CPI 2012
Transparency International Corruption Perception Index (2013). “Corruption remains a global threat.” https://www.transparency.org/cpi2013/results
Vanguard, (2015). “Ngozi Okonjo-Iweala and the Missing Trillions (1), by Charles Soludo” http://www.vanguardngr.com/2015/02/ngozi-okonjo-iweala-missing-trillions-1-charles-soludo/#sthash.zdxPheIt.dpuf
Vasiu, L., Vasiu, I. (2004). Dissecting Computer Fraud: From Definitional Issues To a taxonomy. Proceedings of the Proceedings of the 37th Annual Hawaii International Conference on System Sciences.
Vona, L. w. ( 2008). Fraud Risk Assessment: Building Fraud and Audit Program. Hobboken New Jersey: John Wiley and Sons, pp.1-250
Abdullahi, R., & Mansor, N. (2015). Concomitant Debacle of Fraud Incidences in the Nigeria Public Sector: Understanding the power of Fraud Triangle Theory. International Journal of Academic Research in Business and Social Sciences, 5(5). 281-293.
Copyright: © 2015 The Author(s)
Published by Knowledge Words Publications (www.kwpublications.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode
