The Effect of forensic Accounting Investigative Techniques in Preventing Revenue Leakages in Nigerian Federal Universities

Yohanna Gyang Jugu Ph.D FCA Cfa, Taiya Haziel Mbasiti and Dr Saidu Abubakar
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Yohanna Gyang Jugu Ph.D FCA Cfa: Department of Accounting, University of Jos, Jos, Nigeria
Taiya Haziel Mbasiti: Department of Accounting, Adamawa State University Mubi, Nigeria
Dr Saidu Abubakar: Abubakar Tafawa Balewa University, Bauchi State, Nigeria

International Journal of Research and Innovation in Social Science, 2023, vol. 7, issue 2, 376-390

Abstract: Forensic accounting deals with the application of investigative, analytical and technical tools for the purpose of resolving fraud and fraudulent practices in contemporary society. Evidence of a high rate of revenue leakages in Nigerian Public Universities attested to the fact that the internal control systems of these institutions have not incorporated forensic accounting techniques in their operations. Thus, they find it extremely difficult to detect and prevent revenue leakages which have contributed to their dismal performance in terms of infrastructure, staff morale, and quality outputs. The objective of the paper was to examine the extent to which the application of Forensic Accounting Technology can help in preventing Revenue Leakage in Federal Universities in Nigeria. Primary data were collected with the aid of a research questionnaire and used in this study. The sample size of 238 respondents was determined from a census of targeted EFCC staff, and internal audit staff of selected Nigerian Federal Universities. To analyse the collected data, a requisite statistical tool that described and evaluated the relationships between Forensic accounting technology applications and revenue leakages. From the analysis, it was discovered that Forensic accounting technology helps in preventing revenue leakages in Nigerian Federal Universities. It means that the application of forensic accounting technology will help Nigerian Federal Universities to save money. The implication is that when these technological tools are employed and applied appropriately, there would be a reduction in revenue leakages. On the basis of these findings and conclusion, it was recommended that forensic accounting technology should be employed in Nigerian Federal Universities to help them curb revenue leakages in the system.

Date: 2023
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