Title:
COMBATING CORRUPTION IN NIGERIA: THE ROLE OF FORENSIC ACCOUNTING

Authors:
Lodikero Olusola and Olateru-Olagbegi Adeparubi

Abstract:
This study aims at exploring the role of forensic accounting in curbing corruption in Ondo State Public Sector. Corruption is a problem of global concern. It is a major concern to developing nations of the world. There have been several cases of abuse of political power bordering on corruption charges levied against political office holders, companies and individuals operating in both the private and public sector of Nigeria economy. Therefore, this study seeks to explore the role a forensic accountant can play in the fight against financial crimes by applying his investigative skills, providing litigation support service, documentation and reporting. The data collection was done randomly through the use of questionnaires to audit and accounts unit in some Ministries, Department and Agencies (MDA’s) in Ondo State, Nigeria with 220 sample size. Data collected were analyzed using a regression model. Results from the data analysis reveal that Forensic accounting has a significant impact in fighting financial crimes in Ondo state MDAs and recommend that forensic accountant should be employed by this MDAs in order to reduce incidence of economic crimes and corruption so as to enhance economic growth and development.

Keywords:
Crime, Corruption, Forensic Accounting, Developing Nations, Financial crimes