Have a personal or library account? Click to login
The Impact of Forensic Accounting Techniques in Mitigating Electronic Fraud in Nigeria’s Deposit Money Banks Cover

The Impact of Forensic Accounting Techniques in Mitigating Electronic Fraud in Nigeria’s Deposit Money Banks

Open Access
|Jul 2025

References

  1. Acha, I. A., Kanu, C., & Agu, G. A. (2017). Cashless policy in Nigeria: The mechanics, benefits and problems. Innovative Journal of Economics and Financial Studies 1(1), pp. 28-38.
  2. Adesina, K., Erin, O., Ajetunmobi, O., Ilogho, S., & Asiriuwa, O. (2020). Does forensic audit influence fraud control? Evidence from Nigerian deposit money banks. Banks and Bank Systems 15(2), pp. 214-229.
  3. Aduba, J. J. (2021). On the determinants, gains and challenges of electronic banking adoption in Nigeria. International Journal of Social Economics 48(7), pp. 1021-1043.
  4. Akinbowale, O. E., Klingelhöfer, H. E., & Zerihun, M. F. (2023). Application of forensic accounting techniques in the South African banking industry for the purpose of fraud risk mitigation. Cogent Economics & Finance 11(1), 2153412.
  5. Akinwale, F. F., Ailemen, I. O., & Areghan, I. (2022). Electronic fraud: an emerging cause of bank failure in Nigerian deposit money banks. Journal of Money Laundering Control 25(1), pp. 249-263.
  6. Akoglu, H. (2018). User’s guide to correlation coefficients. Turkish journal of emergency medicine 18(3), pp. 91-93.
  7. Aldasoro, I., Gambacorta, L., Giudici, P., & Leach, T. (2022). The drivers of cyber risk. Journal of Financial Stability 60, 100989, pp. 1–13. DOI: https://doi.org/10.1016/j.jfs.2022.100989
  8. Association of Certified Fraud Examiners (ACFE). (2024). Occupational Fraud 2024 : A report to the Nations. Retrieved from: 2024-report-to-the-nations.pdf (Accessed February 20, 2025).
  9. Awodiran, M. A., Ogundele, A. T., Idem, U. J., & Emem, O. (2023, January). Digital forensic accounting and cyber fraud in Nigeria. In 2023 international conference on cyber management and engineering (CyMaEn) (pp. 321-326). IEEE.
  10. Babbie, E. R. (2020). The practice of social research. Cengage Au.
  11. Briar, S., & Piliavin, I. (1965). Delinquency, situational inducements, and commitment to conformity. Social Problems 13(1), pp. 35–45.
  12. Chaimaa, B., Najib, E., & Rachid, H. (2021). E-banking Overview: Concepts, Challenges and Solutions. Wireless Personal Communications 117(2), pp. 1059-1078.
  13. Cohen, J. (1988). Statistical power analysis for the behavioral sciencies. Routledge.
  14. Cohen, L. E., & Felson, M. (1979). Social change and crime rate trends: a routine activity approach. American Sociologial Revie, 44 (4), pp. 588-608.
  15. Cronbach, L. J., & Shapiro, K. (1982). Designing evaluations of educational and social programs. Jossey-Bass.
  16. Dada, S. O., & Jimoh, F. B. (2020). Forensic accounting and financial crimes in Nigerian public sector. Journal of Accounting and Taxation 12(4), pp. 118-125.
  17. Daraojimba, R. E., Farayola, O. A., Olatoye, F. M. O., Mhlongo, N., & Oke, T. T. L. (2023). Forensic accounting in the digital age: a US perspective: scrutinizing methods and challenges in digital financial fraud prevention. Finance & Accounting Research Journal 5(11), pp. 342-360.
  18. Deniswara, K., Nathanael Mulyawan, A., Theodore Kesuma, J., & Susilo Martanti, B. (2022, February). Reimagining a New Transformation of Digital Forensic Accounting: Strategic Analysis of the Use of Big Data Analytics in the Covid-19 Pandemic Era as an Opportunity for the Industries in Indonesia. In DSDE 2022: 2022 the 5th International Conference on Data Storage and Data Engineering (pp. 44-49).
  19. Dzomira, S. (2014). Electronic fraud (cyber fraud) risk in the banking industry, Zimbabwe. Risk Governance and Control: Financial Markets and Institutions 4(2), pp. 16-26.
  20. Fadayo, O. M. (2018). An examination of e-banking fraud prevention and detection in Nigerian banks. (Doctoral dissertation, De Montfort University, Faculty of Business & Law, Department of Accounting & Finance)
  21. Jacobs, B. A., & Wright, R. (1999). Stick-up, street culture, and offender motivation. Criminology 37(1), pp. 149–174.
  22. Kanu, C., Nnam, M. U., Ugwu, J. N., Achilike, N., Adama, L., Uwajumogu, N., & Obidike, P. (2023). Frauds and forgeries in banking industry in Africa: a content analyses of Nigeria Deposit Insurance Corporation annual crime report. Security Journal 36(4), pp. 671-692.
  23. Kaunda, F. O. (2021). Effect of forensic accounting practices on fraud mitigation among commercial banks in Kenya (Doctoral dissertation, KCA University, School of Business And Public Management).
  24. Kazaure, A. A., Yusoff, M. N., & Jantan, A. (2023). Digital Forensics Investigation Approaches in Mitigating Cybercrimes: A Review. Journal of Information Science Theory & Practice (JIStaP), 11(4), pp. 14-39.
  25. Koul, S., Raj, Y., & Koul, S. (2020) Analyzing Cyber Trends in Online Financial Frauds using digital Forensics Techniques. International Journal of Innovative Technology and Exploring Engineering (IJITEE) 9(9), pp. 446-451.
  26. Kranacher, M. J., & Riley, R. (2019). Forensic accounting and fraud examination. John Wiley & Sons.
  27. Kritzinger, E. and SH von Solms. (2012). A Framework for Cyber Security in Africa. Journal of Information Assurance and Cybersecurity 2012, 322399.
  28. Mabior, M. M., & Wanyama, K. W. (2024). Role of forensic investigations in reduction of financial fraud among commercial banks in South Sudan. International Journal of Finance and Accounting 3(1), pp. 1-14.
  29. Mamudu, Z. U., & Gayovwi, G. O. (2019). Cashless policy and its impact on the Nigerian economy. International Journal of Education and Research 7(3), pp. 111-132.
  30. Milovanović, M., & Perišić, J. (2020). Advantages and limitations of using SPSS in teaching statistics. In MEFkon 2020: Innovations in the function of development: international thematic monograph - thematic proceedings (pp. 274-289). Faculty of Applied Management, Economy and Finance.
  31. Mohammad, T., & Nooraini, I. (2021). Routine activity theory and juvenile delinquency: The roles of peers and family monitoring among Malaysian adolescents. Children and Youth Services Review 121, 105795.
  32. Nigeria Deposit Insurance Corporation (NDIC). (2022). 2022 Annual Reports and Statement of Account. Retrieved from : 2022 Annual Report+241.cdr (Accessed February 16, 2025).
  33. Nigeria Interbank Settlement System (NIBSS). (2023). Annual Fraud Landscape. Retrieved from: 2023 Annual Fraud Landscape - NIBSS (Accessed February 14, 2025).
  34. Nnah, L., & Maccarthy, M. I. T. (2024). Digital accounting system and fraud mitigation in federal public enterprises in Rivers State, Nigeria. BW Academic Journal 10(1), pp. 93-121.
  35. Oko, I. (2019). Electronic fraud and financial performance of quoted commercial banks in Nigeria. International Journal of Advanced Academic Research 5(4), pp. 15-35.
  36. Ololade, B. M., Salawu, M. K., & Adekanmi, A. D. (2020). E-fraud in Nigerian banks: why and how?. Journal of Financial Risk Management 9(3), pp. 211-228.
  37. Onamusi, O. U., Farouk, M. A., Uyagu, B. D., & Ekele, J. S. (2024). Effects of Forensic Accounting Tools on Fraud Prevention in Nigeria Listed Deposit Money Banks. International Journal of Public Administration and Management Research 10(5), pp. 18-31.
  38. Osunwole, O. O. (2020). Forensic accounting and fraud mitigation in the manufacturing industry in Nigeria. International Journal on Integrated Education 3(12), pp. 22-29.
  39. Owolabi, S. A., & Ogunsola, O. A. (2021). Forensic Auditing And Fraud Detection In The Nigerian Deposit Money Banks. American Journal of Humanities and Social Sciences 5(2), pp. 347-355.
  40. Oyedokun, G. E. (2016). Forensic Accounting Investigation Techniques: Any Rationalization?. DOI: 10.2139/ssrn.2910318
  41. Paramole, I. B. (2025). The Impact of Forensic Accounting on Mitigating Tax Fraud in Nigeria: An Analysis of Current Trends and Organisational Implications. Jurnal Ekonomi Akuntansi Manajemen Agribisnis 3(1), pp. 51-60.
  42. Rashid, C. A. (2022). The role of internal control in fraud prevention and detection. Journal of Global Economics and Business 3(8), pp. 43-55.
  43. Rybalchenko, L., Ryzhkov, E., & Ciobanu, G. (2022). Global consequences of the loss of business in countries around the world caused by fraud. Philosophy, Economics and Law Review 2(1), pp. 118-126.
  44. Sasidharan, A. & Pal, N. (2017). Not So Risky Business: Leveraging Analytics to Fix Blind Spots in Auditing.
  45. Shrivastava, G., Sharma, K., & Kumari, R. (2016, March). Network forensics: Today and tomorrow. In 2016 3rd International Conference on Computing for Sustainable Global Development (INDIACom) (pp. 2234-2238). IEEE.
  46. Sood, P., & Bhushan, P. (2020). A structured review and theme analysis of financial frauds in the banking industry. Asian Journal of Business Ethics 9(2), pp. 305-321.
  47. Taiwo, J. N., Agwu, M. E., Babajide A. A., Okafor T. C., & Isibor A. A.(2016). Growth of bank frauds and the impact on the Nigerian banking industry. Journal of Business Management and Economics 4(12), pp. 1-10.
  48. Uduehe, E. M., Okoye, E. I., & Amahalu, N. N. (2024). Forensic accounting techniques and fraud management of commercial banks in Awka-South Anambra State. Journal of Global Accounting
Language: English
Page range: 43 - 63
Submitted on: Feb 24, 2025
|
Accepted on: Jun 30, 2025
|
Published on: Jul 29, 2025
Published by: University of Sarajevo
In partnership with: Paradigm Publishing Services
Publication frequency: 2 issues per year

© 2025 Sopefoluwa Eunice Oluyide, published by University of Sarajevo
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.