Browsing by Author "Adeoti, J.O"
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Item ATM Fraud in Nigeria: The Way Out(Journal of Social Science, A Publication of Department of Anthropology, Sambalpur University, Sambalpur 738 019, Orissa, India, 2011) Adeoti, J.OThe problem of Automated Teller Machine (ATM) frauds is global in nature and its consequences on bank patronage should be of concern to the stakeholders in banks. This paper investigates the dimensions of ATM frauds in Nigeria and proffer solutions that will mitigate the ATM frauds in the Nigerian banking system. The paper employs both primary and secondary data to investigate the ATM frauds in Nigerian banks. The chi-square statistical technique was used to analyze the data and test the hypothesis raised. The paper concludes that both bank customers and bankers have a joint role to play in stopping the perpetrators of ATM frauds in the banks. Card jamming, shoulder surfing and Stolen ATM cards constitute 65.2% of ATM frauds in Nigeria.Item Attitude of Youths Towards Investment in the Nigerian Stock Market(Journal of Arid Zone Economy. Publication of Department of Business Administration, University of Maiduguri, 2004) Adeoti, J.O; Oladipo, O.A; Ahmed, A.AThe importance of Nigerian Stock Market cannot be overemphasized. This is due to the fact that it assists in the allocation of the nation’s capital resources among numerous competing alternative uses, thus serving as an aid in financing industry. The problems of ignorance of the public, especially the youths as to the meaning of shares and stocks and benefits derivable from market operations are also an impediment to this market. The main objective of this study is to critically find out problems which have been affecting youth ‘s attitude towards investment in the Nigerian Stock Market. The methods of research employed for this work include both primary and secondary data. The primary source of data used was questionnaire while the secondary source of data used was literary works, textbooks and publications. Parametric statistical techniques, such as Spearman Rank Order Correlation and Z-test were used to evaluate the formulated hypothesis. The findings of this study revealed among other things that financial constraint contributed to the negative attitude of youths towards investment in the Nigerian Stock Market. On this note the study among other things recommended that good leadership, adequate dissemination of information and financial assistance from government would encourage the youth participation towards investment in Nigerian Stock Market. Moreover, members of the public especially the youths need to be educated and be informed on the advantages of investing in shares and stocks so as to improve the investment habit of the people.Item Automated Teller Machine (ATM) Frauds in Nigeria: The Way Out(© Kamla-Raj 2011, 2011) Adeoti, J.OThe problem of Automated Teller Machine (ATM) frauds is global in nature and its consequences on bank patronage should be of concern to the stakeholders in banks. This paper investigates the dimensions of ATM frauds in Nigeria and proffer solutions that will mitigate the ATM frauds in the Nigerian banking system. The paper employs both primary and secondary data to investigate the ATM frauds in Nigerian banks. The chi-square statistical technique was used to analyze the data and test the hypothesis raised. The paper concludes that both bank customers and bankers have a joint role to play in stopping the perpetrators of ATM frauds in the banks. Card jamming, shoulder surfing and Stolen ATM cards constitute 65.2% of ATM frauds in Nigeria.Item Bank Service Quality and Customers’ Patronage in Selected Banks in South Western Nigeria(Botswana Journal of Business, 2015) Adeoti, J.O; Gbadeyan, R.A; Adebisi, A.OThis study therefore, examines the relationship between service quality and customers choice of banks patronage. The study was conceived primarily to identify and compare if there is a difference between elements of SERVQUAL and customers’ patronage among selected banks in Nigeria. The top five banks in Nigeria were purposively selected for assessment to ensure generalization and coverage in the study. Purposive and convenience sampling techniques were used to select the sample size of the account holders due to the homogenous characteristic of the target population. There were 385 customers sampled with a questionnaire designed on a 7-point Likert scale. The statistical tools used included multiple regression, ranking order matrix and t-test. The study revealed a high sensitivity of the customers to the SERVQUAL dimensions with adequate information about them before choice of bank patronage was established. The paper concluded that, with more awareness of these SERVQUAL dimensions by banks, there would be an increase in customer satisfaction. The study recommended that service delivery firms like Banks, should consider elements of SERVQUAL as important factors which shape and determine customers’ loyalty and patronageItem Critical Success Factors for Corporate Entrepreneurship Development in Selected Organizations in South-West Nigeria(The Pacific Journal of Science and Technology, 2017-11) Adeoti, J.O; Olawale, Y.A; Oludele, M.A; Mulikat, ACorporate entrepreneurship is crucial to the survival of organizations in the face of stiff global competition. This study seeks to examine the Critical Success Factors for Corporate Entrepreneurship Development in Selected Organizations in South-west Nigeria. The specific objective was to examine the relationship between management support for corporate entrepreneurial development and corporate goals achievement in the fast moving consumer goods companies in South-west Nigeria. Two hundred and five (205) respondents were sampled from middle management to executive level within consumer goods sector in South-west Nigeria. The sampled companies are Nigerian Breweries, Guinness Nigeria, Pepsi, Coca-Cola, Unilever Nigeria, PZ Cussons, Flour Mills of Nigeria Plc., Cadbury Nigeria Plc., Dangote Group Industries (flour mills). Primary source of data, using structured questionnaires was employed to collect relevant data for this study. Findings from the study revealed that rewards for corporate entrepreneurship (Pearson Correlation = .958, p<0.001), support for corporate entrepreneurship (Pearson Correlation = .947, p<0.001), empowered, autonomous employees (Pearson Correlation = .910, p<0.001), supportive organizational structure and organizational boundaries (Pearson Correlation = .824, p<0.001) and time and resource availability (Pearson Correlation = .814, p<0.001) have statistically significant relationship with corporate goal achievement. The study therefore recommended that management should concentrate more on strategic leadership and support to enhance corporate goal achievement.Item The effect of dividend policy on the market price of shares in Nigeria: A case study of fifteen quoted companies(International Journal of Accounting. 2(1):83–91. A Publication of the Department of Accounting, University of Ado-Ekiti, 2004) Adeoti, J.O; Adefila, J.J; Oladipo, J.AThe issue of how much a company should pay its stockholders, as dividend is one that has been of concern to managers for a long time. The optimal dividend policy of a firm may be defined as the best dividend pay out ratio the firm can adopt. But, what does “best” mean in this concept? Since the objective of the firm is to increase the wealth of its stockholders, the best dividend policy is the one that increases shareholders wealth by the greatest amount. It is therefore necessary, to understand the nature of the relationship between dividend and value of the firm. It is in the light of this that the study examines the possible effects of a firm’s dividend policy on the market price of its common stock. In so doing, the methodology adopted was Person’s Product Movement Correlation to evaluate the data collected from the fifteen studied companies. The study revealed among other things that, both internal and external factors affect dividend policy and hence a holistic approach to dividend policy becomes inevitable if a generally acceptable decision is to be taken. On this note the study recommended inter alias that policy makers should be well versed in the knowledge of those interactive forces within their environment which must be considered in order to arrive at a sustainable dividend policy for the generality of the interested parties.Item Effect of Strategic Information Systems Support on Competitive Advantage in Organization in Nigeria(African Journal of Social Sciences. Department of Business Administration University of Ilorin, Ilorin, Nigeria, 2016) Adeoti, J.O; Balogun, S.A; Olawale, Y.AThis study examines the impact of information systems support on organization performance in Lagos State. The specific objective was to: examine the strategic use of information systems support for competitive advantage in organization. In an attempt to achieve the objective, two hundred and fifty-eight (258) respondents at managerial level were sampled from Nigerian Breweries, Guinness Nigeria, Nigeria Bottling Company Ltd, PZ Cussons Plc, Flour Mills of Nigeria Plc, Cadbury Nigeria Plc, and Unilever Nigeria Plc. The primary method of data collection used to collect relevant data was structured questionnaires. Descriptive statistical tools such as frequency count, percentage and charts was used in analyzing the demographic data of respondents, while inferential statistics such as multiple regression analysis and correlation analysis was used to analyze the research hypotheses. Findings from the study revealed that strategic use of information systems support contributed 71.5% to gaining competitive advantage (R2=0.715), and it was captured under innovative applications that provide direct strategic advantage to organizations (B=0.478, p<0.05) with 47.8% prediction; business process effectiveness (B=0.181, p<0.05) with 18.1% prediction; cost reduction (B=0.181, p>0.05) with 18.1% prediction; and linking company with its business partners effectively and efficiently (B=0.194, p>0.05) with 19.4% prediction. Finally, the study recommended that organizations must establish all aspects of their planning structures based on strategic planning and they have to continue being innovative and investing in information systems support to stay ahead of the competition and stay afloat in the market.Item External Debt and Economic Growth: Evidence from Nigeria(A Publication of Acta Universitatis Danubis, 2016) Adeoti, J.O; Lawal, A.I; Bibire, M.B; Adegbola, O.OThe study examined the impact of external debt on economic growth in Nigeria for the period 1981-2014 based on annual data sourced from the Central Bank of Nigeria (CBN) Statistical Bulletin (various issues) and abstract of National Bureau of Statistics (NBS). The researcher examined the existence of Co-integration among the underlying variables using Auto-regressive Distributed Lag (ARDL) model after conducting preliminary statistical test to ascertain the normality of the variables as well as stationary of the data set using descriptive and unit root tests. The result of the ARDL test shows that a significant relationship exists between external debt and economic growth both at the long and short run. The study also examined the causality among the variables using Granger causality test and observed that no causality exist among the variables. The study therefore recommends that government should ensure that loans obtained are used to finance profitable projects that would generate reasonable amount of revenue to service the debts and also adequate record of debt payment obligations should be kept and debt should not be allowed to exceed a maximum limit in order to prevent debt overhang.Item FRAUD AND BUSINESS CYCLE: EMPIRICAL EVIDENCE FROM FRAUDSTERS AND FRAUD MANAGERS IN NIGERIA(2017) Adeoti, J.OThis paper aims at investigating the link between fraud and business cycle in Nigeria using primary data sourced from questionnaires administered on both fraudsters and fraud managers. This is premised on the ground that Nigeria is in recession and has been recently described as fantastically corrupt. Understanding the link between fraud and economic behaviour would give an in depth understanding of fraud levels in the different phases of the Nigerian economy and would help the fraud management system in Nigeria which is believed to have great consequences on the nation's economy. Our result shows that though there is a significant relationship between fraud and business cycle in Nigeria, the level of fraud committed does not solely depend on either expansion or recession exists in the economy, rather, there is an identified range of fraud that might be increased in adverse economy.Item Impact of fraud on organizational profitability: A study of selected Banks in Nigeria(Ilorin journal of marketing, 2015-06-01) Adeoti, J.O; Kadiri, I.B.; Olawale, Y.A.The development in the banking industry over the years have resulted into complex and diverse situations. The traditional banking era have been replaced with the modern methods due to the emergence of Information and Communication Technology (ICT). These developments have also influenced the practices as well as the nature of work in the industry. However, as new technologies were developed new method of defrauding and fraudulent acts were often perpetrated by customers as well as bank staffs. This paper therefore seeks to examine the impact of fraud on organisational profitability. Fraud and fraudulent activities pose a significant problem to the banking industry in Nigeria. Multiple regression analysis was used to examine the impact of fraud on organisational profitability in Nigeria selected banks. Detailed questionnaire were used to obtain the required information from the respondents. However, due to the stringent measures adopted by the regulatory body to tackle the menace of fraud and fraudulent activities, there was a significant decrease between 2006 and 201. The paper concluded that fraud and fraudulent activities inflicts severe financial difficulties on banks and their customers. They reduce the amount of money available for the development of the organisation. the study recommended that banks in Nigeria need to strengthen their internal control system and the regulatory bodies should improve their supervisory role in order to check and curtail the incidence of fraud and fraudulent activities in Nigeria banking industry.Item The Impact of Interpersonal Factors On Quality Health Delivery In Kwara State Government Hospitals(Sacha And Diamond Academic Publishers, England, 2012) Adeoti, J.O; Lawal, A.IIn the health care system, quality is influenced by many factors including individual exchanges of Administrators, Board Members, Physicians, Nurses and other Medical Personnel and the way they interact with patients. The objective of this paper is to investigate the impact of interpersonal factors on quality health delivery in selected government hospitals in Kwara State. The Methodology used for this research was the development of fourteen factors that bothers on interpersonal factors in a questionnaire. Frequency counts and factor analysis were used for statistical analysis. Six of the fourteen factors were considered accounted for 61.13% and greetings ranked higher with 11.7%, complementary remark 10.17% and personal communication 10.18% listening 9.9%, handshake 8.7% and jokes 8.625%. The implication of these results is that the combination of all these factors will go a long way to affecting patients’ satisfaction which is the quality goal of hospitals. The ANOVA technique was used to test the hypothesis of differences in application of interpersonal factors among the seven local governments in Kwara State.Item Impact of Intrapreneurship on the Corporate Goal Achievement of Selected Food and Beverage Firms in Lagos State, Nigeria(KIU Journal of Social Sciences, Kampala International University, 2016) Adeoti, J.O; Olawale, Y.A; Oludele, AGlobalization has changed the world‟s economic order, bringing with it new challenges and opportunities. Food and beverage firms cannot compete in this new environment unless it becomes more innovative and responds more effectively to consumers‟ needs and preferences. This study examines the impact of intrapreneurship on the corporate goal achievement of food and beverage firms in Lagos state, Nigeria. The specific objectives of this study are to investigate the impact of management support for intrapreneurial dimension on corporate goals achievement of the selected food and beverages firms in Lagos state; and to assess the organizational factors for intrapreneurship that affect innovative performance of the selected food and beverages firms in Lagos state. The study develops and tests a theoretical research model where the management support for intrapreneurial dimensions and organizational factors for intrapreneurship are the independent variables; corporate goal achievement and innovative performance are the dependent variable via a questionnaire study covering 361 respondents from five (4) food and beverage firms in Lagos State in Nigeria, using purposive sampling techniques. The study therefore revealed that management support for intrapreneurship contribute significantly to corporate goal achievement, and this contribution is captured under the paradigm of three dimensions: innovativeness (beta =.253, t=2.246, p<0.05), risk-taking (beta =.794, t=6.296, p<0.05), and proactiveness (beta =.211, t=1.932, p>0.05). The study also shows that internal supportive environment especially management support for innovation (beta =.358, t=5.352, p>0.05), tolerance for risk taking (beta =.149, t=2.246, p>0.05), performance-based reward system (beta =.382, t=15.752, p>0.05), allocation of free time (beta =.284, t=4.226, p>0.05) and work discretion to their intrapreneurs (beta =.329, t=4.835, p>0.05), have positive impact on innovative performance. The study therefore recommended that management should be cognizant of the fact that they should concentrate more on empowerment, flexibility in drafting organizational policies, provide necessary support and act positively to the innovative activities by encouraging risk taking initiatives among the employees and also management should design appropriate reward system such as financial reward, recognition and appraisal on significant achievements and organization should ensure the availability of resources such as time, materials and funds in supporting new ideas.Item Impact of Marketing Information System on Product Performance in Nigerian Bottling Company Limited(KIU Journal of Social Sciences, Kampala International University, 2016) Adeoti, J.O; Olawale, Y.A; Oladunni, AMany organizations fail to realize that the survival of their products in the competitive market is a function of their commitment to building and maintaining reliable marketing information system that is encompassing and embracing. This is because many companies in developing countries are often successful for a short period of time as they launched a new attractive product or an appealing service, but find it difficult to sustain over a longer period of time due to failure to continually gather information about the changes in market situation. Thus, this study examined the impact of marketing information system on product performance in the marketing department. The population of the study is the staff in the marketing department of the firm‟s plant in kwara, Lagos and Oyo which consist of five hundred and twenty six (526) respondents. Data for the study were collected through administration of questionnaire to a randomly selected sample of 226 staff of Nigerian Bottling Company Plants. The data were analysed and hypotheses tested using regression analysis. The study revealed that marketing information system has significant effect on sales volume and that marketing information system has significant impact on product performance. The study concludes that company with effective and efficient marketing information system will develop competitive products that meet existing and potential buyers‟ expectation in the market than organisation that do not have well organized and good marketing information system. Therefore, the study recommends that the company should develop and maintain advanced marketing information systems that provide company management with rapid and incredible information about consumers‟ needs and wants, preferences and behaviour.Item The Impact of Micro-Finance Institutions Credit on the Survival of Small- and Medium-Scale Enterprises in Irepodun LGA of Kwara State, Nigeria(The Pacific Journal of Science and Technology, A Publication of the Akamai University., 2015) Adeoti, J.O; Gbadeyan, R.A; Olawale, Y.AThe failure of many small-scale businesses in Nigeria is largely due to a shortage of finances for a continued period of time. The microfinance banks serve as a bailor to the financial collapse that would have befallen many of these businesses. This paper looks at the impact of microfinance credit on the survival of small- and medium-scale businesses in Irepodun Local Government Area (LGA) of Kwara State, Nigeria. The two functional microfinance banks in the Irepodun LGA were the population/sample for this study. ANOVA was used to test the hypothesis. The findings revealed that microfinance banks contribute significantly to the survival of small- and medium-scale enterprises in the study area. The study recommends that: repayment periods should be increased and more funds should be released to potential entrepreneurs for enterprise creation and to generate more employment.Item The Social Cost of Privatization of Public enterprises in Nigeria(ESUT Journal of Administration. 1(1):167–174. A quarterly Publication of the Department of Public Administration, Faculty of Management Sciences, Enugu State University of Science and Technology, Enugu, 2003) Adeoti, J.OThe Keynesian development paradigm recommends that governments even through deficit financing should stimulate demand and the use of idle resources to reduce unemployment. It emphasized the need for the public sector to play a leading role in preventing market failures and accepting the responsibility for producing a wide range of goods and service. The massive expansion of the public sector in thefirst, second and third development plans was largely informed by this thinking. The present drive towards privatization is aproduct of the failure of the Keynesian paradigm to deal decisively with the worldwide economic realities of the early I970s especially among oil importing nations. There is a general belief that privatization will end the focal crisis of the nation as well as the interminable scandal associated with the operations of the public enterprises. This paper argues that the social cost of privatization is so enormous that it may further worsen the standard of living of the citizenry. A discussion approach is used to examine the social cost of privatization.Item A Study on Sources of Health Financing in Nigeria: Implications for Health care Marketers and Planners(Journal of Economics and Business Research, A Publication of University of Arad, Arad, Romania., 2016) Adeoti, J.O; Aremu, M.A; Gbadeyan, R.AThere have been increasing difficulties in providing qualitative health care services to the public in Nigeria. The development has called for the need to examine ways through which government and other stakeholders resolve these crises in the health sector. The objective of this paper is to examine the level of Government spending to total Health expenditures in Nigeria. This study basically employs secondary data for analysis. The secondary data are provided from the World Bank Development indicators and Internet. The data was analyzed using he Pearson Correlation Coefficient Statistical technique. The result revealed a strong positive Correlation (r = 0.634) between Government Health Spending and Total Health Spending. This indicates that Government Health spending constitutes a significant proportion of the Total Health Expenditures in Nigeria; despite complains about inadequate Health financing. In conclusion, the Nigerian Health sector would become more vibrant, if the Government and the Private sector are ready to give the necessary commitments required to achieve the laudable objective of qualitative health for all. The study recommends for more Government Health funding towards tackling the prevalence of some chronic diseases such as HIV, Asthma, Tuberculosis, Meningitis and Paralysis, etc.Item A Study on Sources of Health Financing in Nigeria: Implications for Health care Marketers and Planners.(Journal of Economics and Business Research, A Publication of University of Arad, Arad, Romania., 2016) Adeoti, J.O; Gbadeyan, R.A; Aremu, M.AThere have been increasing difficulties in providing qualitative health care services to the public in Nigeria. The development has called for the need to examine ways through which government and other stakeholders resolve these crises in the health sector. The objective of this paper is to examine the level of Government spending to total Health expenditures in Nigeria. This study basically employs secondary data for analysis. The secondary data are provided from the World Bank Development indicators and Internet. The data was analyzed using he Pearson Correlation Coefficient Statistical technique. The result revealed a strong positive Correlation (r = 0.634) between Government Health Spending and Total Health Spending. This indicates that Government Health spending constitutes a significant proportion of the Total Health Expenditures in Nigeria; despite complains about inadequate Health financing. In conclusion, the Nigerian Health sector would become more vibrant, if the Government and the Private sector are ready to give the necessary commitments required to achieve the laudable objective of qualitative health for all. The study recommends for more Government Health funding towards tackling the prevalence of some chronic diseases such as HIV, Asthma, Tuberculosis, Meningitis and Paralysis, etc.Item Total Quality Management (TQM) Factors: An Empirical Study of Kwara State Government Hospitals(Kamla-Raj 2011, 2011) Adeoti, J.OThe decay and paralysis in Nigerian’s health care delivery system has been a source of concern to government and citizenry. The attitude of medical personnel (employees) at all levels of health care delivery to patients and the bureaucracy associated with the workings of public health institutions is inimical to quality health delivery. This paper investigates how Total Quality Management (TQM) – a value-chain model can help identify the point of breakages in the chain resulting in poor quality of health and also to determine the domenant factors in TQM implementation.Item Vendor Inventory Management System and Sale Performance of Nigerian National Petroleum Corporation’s Retail Outlets in South-West, Nigeria(Kisubi Brothers University College. Uganda., 2015) Adeoti, J.O; Gbadeyan, R.A; Babatunde, B.OThe attendant costs of stock-out have made vendor inventory management a mechanism through which such costs could be prevented. This study examined the influence of vendor inventory management system on sale revenue of NNPC’s retail outlets as one of the chain distribution business in South-west Nigeria. Data were collected from NNPC’s statistical bulletin (stocks of Premium Motor Spirit (PMS), Automotive Gas Oil (AGO, Dual Purpose Kerosene (DPK) as well as sale Revenue of the selected products) from (2005-2012). Descriptive method and Error Correlation Model of regression were used to analysis the data. The result revealed that the overall effect of the vendor management policies of the three products sold by the organisation has positive effect on the sales revenue of the organisation and the result is statistically significant (P = 0.000, < 0.05). From the findings, it was recommended that, organisations should embrace the Vendor Inventory Management (VIM) concepts to improve and achieve robust sale revenue in the present day chain distribution management business. Products should be replenished on continuous basis rather to be increasing the prices of the organisation’s products.