Litigation Support and Fraud Management in Nigerian Banking Sector

Abstract

This study examined litigation support and fraud management in banking sector of Nigeria. The main objective of the study is to investigate the relationship litigation support and fraud management in the banking sector in Nigeria. Labeling theory of Crime and Fraud Diamond Theory underpinned the study. The study adopted field survey design involving collection of data directly from selected persons using questionnaire. The target population of the study consisted of all the listed deposit money banks in Nigeria in 2021 from which a sample of five banks was chosen. The study employed primary data gathered from responses of 200 staff members of the five sampled banks on whom self- reporting questionnaire (SRQ) was administered. The study used multiple regression analysis aided by Statistical Package for Social Sciences for data estimation and analysis. From the results, the null hypothesis was rejected. Thus, there is a significant relationship between litigation support and fraud management in the banking sector in Nigeria. The study therefore recommends continued utilization of litigation support and expert witnessing services of forensic accountants in fraud management in the banking in Nigeria. Therefore, forensic accountants should be well equipped technologically and by training to enable them perform these tasks effectively.

Keywords

• Litigation
• financial institution
• corruption
• fraud management

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