Browsing by Author "Aliu, Olanrewaju Atanda"

Now showing 1 - 15 of 15
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    An assessment of influence of budget process on budget performance: The Experience of Kwara
    (Taiwan Institute of Business Administration, 2011-08) Aliu, Olanrewaju Atanda; Salam, M. O.; Abdulkadir, R. I.
    This study assessed the effects of budgetary process on budget performance in public sector using Kwara state as a focus. Data were collected from primary and secondary sources using structured questionnaire administered to accounting officers, budget officers and the legislators in the State. The data collected were analyzed with kruskal-wallis estimator. The study found that the existing is significantly effective to maintain better performance, though stakeholders on budget implementation differ on their perceived extent compliance showing there has not been full compliance with the application of budget process. Finally, the study recommends improving extent of compliance with budget process via organising seminars and workshops by Kwara State Government for incumbent and would-be stakeholders in budget implementation and imposing sanction to serve as deterrent against failure to comply with established budget process
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    Corporate Governance Practices of Contributory Pension Scheme Operators in Nigeria
    (Universiti Putra Malaysia, 2019) Aliu, Olanrewaju Atanda; Alaudin, Ahmadasri; Abdul-Hamid, Mohamad Ali
    Unlike the previous defined benefit pension scheme in Nigeria, the current contributory pension scheme (CPS) is characterised by separation of ownership and management of pension fund. In view of agency problem this portends, the need to empirically examine corporate governance (CG) practices of operators is of importance for CPS survival. Thus, this study examines corporate governance practices of operators of CPS in management and custody of the CPS fund. Survey data from 212 managers and assistant managers of CPS operators were analysed using one-sample t-test and mixed ANOVA. The results showed significant practices of CG mechanisms in the form of board independence, director independence, board disclosure and audit committee effectiveness. Significant difference was found in practice of above CG mechanisms. However, there was no significant difference in GC practices among various types of CPS operators. Similarly, the interaction of CG mechanisms with CPS operator type was also found to be insignificant. Based on the results, good corporate governance practices in the management of CPS fund is evident. However, it is recommended that there is an urgent need to intensify regulatory role of the part of CPS regulator- National Pension Commission to ensure that operators are not lacking behind in practices of various mechanisms of CG.
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    Corporate Governance Practices of Contributory Pension Scheme Operators in Nigeria
    (Universiti Putra Malaysia, 2019-06-29) Aliu, Olanrewaju Atanda; Ahmadasri, Alaudin; Mohamad, Ali Abdul-Hamid
    Unlike the previous defined benefit pension scheme in Nigeria, the current contributory pension scheme (CPS) is characterised by separation of ownership and management of pension fund. In view of agency problem this portends, the need to empirically examine corporate governance (CG) practices of operators is of importance for CPS survival. Thus, this study examines corporate governance practices of operators of CPS in management and custody of the CPS fund. Survey data from 212 managers and assistant managers of CPS operators were analysed using one-sample t-test and mixed ANOVA. The results showed significant practices of CG mechanisms in the form of board independence, director independence, board disclosure and audit committee effectiveness. Significant difference was found in practice of above CG mechanisms. However, there was no significant difference in GC practices among various types of CPS operators. Similarly, the interaction of CG mechanisms with CPS operator type was also found to be insignificant. Based on the results, good corporate governance practices in the management of CPS fund is evident.Unlike the previous defined benefit pension scheme in Nigeria, the current contributory pension scheme (CPS) is characterised by separation of ownership and management of pension fund. In view of agency problem this portends, the need to empirically examine corporate governance (CG) practices of operators is of importance for CPS survival. Thus, this study examines corporate governance practices of operators of CPS in management and custody of the CPS fund. Survey data from 212 managers and assistant managers of CPS operators were analysed using one-sample t-test and mixed ANOVA. The results showed significant practices of CG mechanisms in the form of board independence, director independence, board disclosure and audit committee effectiveness. Significant difference was found in practice of above CG mechanisms. However, there was no significant difference in GC practices among various types of CPS operators. Similarly, the interaction of CG mechanisms with CPS operator type was also found to be insignificant. Based on the results, good corporate governance practices in the management of CPS fund is evident. However, it is recommended that there is an urgent need to intensify regulatory role of the part of CPS regulator- National Pension Commission to ensure that operators are not lacking behind in practices of various mechanisms of CG.
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    Effect of Females in the Boardroom on Corporate Sustainability Reporting
    (Department of Accounting and Finance, Federal University Gusau, Zamfara State –Nigeria, 2022-10) Suleiman, Salami; Aliu, Olanrewaju Atanda
    Increasing body of research overtime has focused on corporate sustainability reporting due to its global significance. However, there is still scarcity of studies, especially, on the role of women in improving corporate sustainability reporting. Furthermore, this relationship is rarely investigated using African data. This studytakes advantage of this existing gap to explore the effect of female directorship andrepresentation in the audit committee on corporate sustainability reporting. This study utilized 120 firm year observations from sampled African firms that adopted for the period 2015 to 2020. Using quantitative approach, regression analysis wasused to test the hypotheses. The results of the regression analysis indicate that both female directorship and female presence in the audit committee have a significant positive effect on corporate sustainability reporting. It is therefore recommended that women directorship should be mandated on the boards of African firms to improve corporate sustainability reporting.
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    The effect of financial statement on economic decision of primary stakeholders in Nigerian Banks
    (Department of Business Administration, University of Ilorin, 2011) Abdulkadir, Rihanat Idowu; Aliu, Olanrewaju Atanda; Salam, Mudathir O
    The major objective of accounting is to provide information for decision making to various users. Such information can be obtained from the financial statements of organizations. This study provides empirical evidence on the impact of the information contained in the financial statements on the economic decisions of selected primary stakeholders in Nigerian banks. The four banks chosen for the study include United Bank for Africa, First Bank, Guaranty Trust Bank and Diamond Bank. Also, three user groups namely shareholders, employees and depositors were surveyed in the study. The data for the study was collected from a questionnaire distributed to two hundred and forty respondents. Percentages, Z-score statistical test and ANOVA were used to analyze the data gathered for the study. The results of the analysis shows that the primary stakeholders lack the ability to analyze information contained in the financial statements and also reveal further that the stakeholders do not base their economic decisions on the evaluation of the banks' financial statements. The study therefore concludes that the financial statements have no significant impact on the economic decisions of primary stakeholders of the banks. Based on this, the study recommends amongst others that regulatory bodies and Nigerian banks should organize educative sessions at intervals for stakeholders to enlighten them on the importance of financial reporting to their economic decision making and to guide them on how to read and analyze information contained in the financial statements
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    EFFECT OF RISK MANAGEMENT ON INVESTMENT STRATEGY AND CONTRIBUTORY PENSION SCHEME SUSTAINABILITY NEXUS IN NIGERIA
    (2020) Aliu, Olanrewaju Atanda; Salam, Mudathir Olanrewaju; Haliru, Adeshola Nurudeen; Kasum, Abubakar Sadiq
    In line with the increasing desire for sustainability across numerous areas of study, occupational pension sustainability has emerged among the core objectives of pension reforms. Thus, this study assesses the impact of risk management on the relationship between investment strategy and sustainability of contributory pension scheme (CPS) in Nigeria. Using data obtained from survey of 197 managers and assistant managers of pension fund administrators that manage CPS fund in Nigeria, the study employs partial least square structural equation modelling to examine the effects of investment strategy and risk management on sustainability ofCPS. The study further examines the moderating effect of risk management on the relationship investment strategy and contributory pension scheme sustainability. Findings reveal that investment strategy and risk management have significant positive effects on the sustainability of CPS in Nigeria. Further analyses show that risk management has negative moderating effect on the relationship between investment strategy and the sustainability of CPS. The implications of the findings to management practices of the Nigerian CPS were presented among which we recommend that pension fund administrators need to strike a balance between their investment strategy and risk management decisions. This would improve their liquidity, reduce the risks to the minimum and facilitate the sustainability of the pension fund entrusted in their management.
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    Establishment of Waqf to Alleviate Poverty Among Muslims in Oyo State South-West, Nigeria: Test of Theory of Planned Behaviour
    (Fakultas Ekonomi dan Bisnis Islam, IAIN Kendari. Institut Agama Islam Negeri (IAIN) Kendari, Indonesia, 2020) Abdulkareem, Ibraheem Alani; Mahmud, Mohd Sadad; AbdulGaniyy, AbdulFattah; Aliu, Olanrewaju Atanda
    Poverty is on the increase in Africa in general and specifically in Nigeria despite successive governments' numerous poverty alleviation programs. Lamentably, most poverty alleviation initiatives have failed to produce meaningful outcomes despite billions of Naira committed to them. Nigerians and Nigeria are still ranked among the poorest, with the poverty rate rising since the 1980s. Based on the theory of planned behavior, this study examines the influences of attitude, subjective norm, perceived behavioral control, Religiosity, and available information on establishing Waqf in Oyo state, southwestern Nigeria. Survey data from 218 Islamic scholars revealed that all the variables, as mentioned earlier, except available data, have a significant positive influence on the intention to establish waqf, according to the respondents. Based on the results, the study made relevant policy recommendations regarding how authority can explore waqf's institution as a formidable alternative to government-driven poverty alleviation programs in the interest of the Nigerian Muslims and the Nigerian Muslims, the larger population cutting across different religions
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    EXPLORATION OF CORPORATE GOVERNANCE: EVIDENCE FROM THE NIGERIAN CONTRIBUTORY PENSION INDUSTRY
    (Department of Finance, University of Ilorin, 2022) Aliu, Olanrewaju Atanda; Abdul-Hamid, Mohamad Ali; Suleiman, Salami; Ahmed, Abukakar
    Despite the documented mixed impact of corporate governance on firms’ financial and non financial objectives, a considerable body of empirical findings, across sectors and countries, still indicate that corporate governance impacts the achievement of the firms’ objectives. Yet, there seems to be a limited insights about how corporate governance mechanisms facilitate the achievement of the firms’ objectives. Therefore, this study explores how corporate governance facilitate the achievement of the objectives of the contributory pension scheme in Nigeria. Nine in depth, one-on-one semi-structured interviews were conducted with managers and assistant managers of contributory pension scheme operators in Nigerian. From the thematic analysis of the interview transcripts, emergent themes revealed that corporate governance codes issued by the National Pension Commission have facilitated the achievement of the contributory pension scheme objectives by enforcing responsibility, protection of fund, competence, and due diligence among the contributory pension scheme operators. Thus, the study recommended that the National Pension Commission should constantly keep improving the corporate governance mechanisms of the Nigerian contributory pension industry to ensure the operators render proper stewardship on the pension funds in their care in the interest of various stakeholders.
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    The impact of compliance with sustainable development related Accounting Standards on financial position and market value of Nigerian quoted companies.ent related
    (Faculty of Management and Social Sciences, Ibrahim Babangida University, Lapai, Niger State., 2011-12) Kasum, A. S.; Aliu, Olanrewaju Atanda; Salam, M. O.
    The study is a follow-up to the presentation at the 16th AISDRC in Hong Kong, which among others critiques suggested that other performance indicators, besides profitability are studied in relation to sustainability. The study and still is against this background that sustainability development practices may involve financial outflows and hence, may be an unattractive investment to managers. This present study evaluated the impact of corporate compliance to accounting standards that are deemed to enforce sustainable development practices and can therefore imply sustainable development practices by companies on financial position and market value of quoted companies in Nigeria. Forty-four companies that have existed since financial reporting standardization began in Nigeria were studied over five years, using regression statistical technique. The coefficient of determination (R2) results showed that sustainable development practices of companies relates in a very insignificant extent better asset worth and improved market values.
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    Impact of Education and Gender on Personal Income Tax Compliance in Kwara State, Nigeria
    (Faculty of Business and Social Sciences, University of Ilorin, 2013) Salam, Mudathir O; Aliu, Olanrewaju Atanda; Abdulkadir, Rihanat Idowu
    The study investigates the impact of educational qualification and gender on personal income tax compliance in Kwara State. A questionnaire was administered to 450 respondents in the three local government areas in Ilorin metropolis. Mann-Whitney U test and Analysis of Variance statistical techniques were employed to analyze the data collected. The results reveal that both educational qualification and gender affect personal income tax compliance. As such, the study recommends that the Kwara State Board of Internal Revenue should target the taxpayers with lower level of educational qualifications and male; with a view to directing its audit strategies in respect of the evaders and bridge the tax gap also to create awareness about the penalty attached to tax evasion.
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    Islamic perspective of management accounting decision making techniques
    (Emerald Insight, 2013) Abdul-Baki, Zayyad; Uthman, Ahmad Bukola; Aliu, Olanrewaju Atanda; Ibrahim, Solihu Aramide
    Purpose – This paper aims to argue that the methodologies adopted by the conventional management accounting in selecting between or among two or more alternative courses of action, both in the long-term and the short-term decision making endeavours conflict with the overall objective ( falah) of Islamic enterprises. Design/methodology/approach – The paper explores relevant literatures (including the Qur’an and the Hadeeth) to ascertain the objective of an Islamic enterprise and suggest an alternative approach, in making a choice among alternative courses of action, that aligns with the Islamic socio-economic objective ( falah). Findings – The paper suggests that both in long-term and short-term decision making endeavours, cost-benefit comparison (where cost includes negative externalities) rather than discounted cashflow techniques or contribution margin should be adopted in making a final choice among alternatives to achieve falah. Research limitations/implications – The paper has not considered other objectives that may be pursued by an organisation beside profit maximization whether short-term or long-term. Practical implications – The paper expands the frontiers of knowledge in Islamic accounting by exposing the inadequacy of the conventional management accounting decision making methods. Originality/value – This paper explores the Islamic perspective of the conventional management accounting which is rare among scholars of accounting.
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    A Proposed Framework of Corporate Governance and Investment Strategy Impacts on Occupational Pension Sustainability: the Moderating Effects of Risk Management
    (Penerbit Akademia Baru, University of Mara, Malaysia, 2018) Aliu, Olanrewaju Atanda; Ahmadasri, Alaudin; Mohamad, Ali Abdul-Hamid
    Recently, sustainability has emerged among major concerns in a broad range of fields. Comparatively, little research attention has been paid to sustainability of occupation pension (OP) scheme despite its significance on public finance. The widespread nature of pension reforms triggered by occupational pension crisis has led to privatization of management of pension funds among approaches of reforms. Grounded in institutional and agency theories, this paper proposes a theoretical framework of the influences of corporate governance and investment strategies on the sustainability of OP and the moderating role of risk management. The framework focuses on the Nigerian contributory pension scheme (CPS) which came into effect in 2004. Review of extant literature indicates that with good corporate governance and optimal investment strategies, the sustainability of Nigerian CPS would be enhanced. Furthermore, the moderating effects of risk management were established based on evidences from literature. The review has significant implication on the management of CPS not only in terms of the stewardship roles entrusted with privately firms (pension operators) managing the CPS fund, but also for the employees and other stakeholders to reap the benefits of well-regulated CPS.
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    A Proposed Framework of Corporate Governance and Investment Strategy Impacts on Occupational Pension Sustainability: the Moderating Effects of Risk Management
    (Penerbit Akademia Baru, University of Mara, Malaysia, 2018) Aliu, Olanrewaju Atanda; Alaudin, Ahmadasri; Abdul-Hamid, Mohamad Ali
    Recently, sustainability has emerged among major concerns in a broad range of fields. Comparatively, little research attention has been paid to sustainability of occupation pension (OP) scheme despite its significance on public finance. The widespread nature of pension reforms triggered by occupational pension crisis has led to privatization of management of pension funds among approaches of reforms. Grounded in institutional and agency theories, this paper proposes a theoretical framework of the influences of corporate governance and investment strategies on the sustainability of OP and the moderating role of risk management. The framework focuses on the Nigerian contributory pension scheme (CPS) which came into effect in 2004. Review of extant literature indicates that with good corporate governance and optimal investment strategies, the sustainability of Nigerian CPS would be enhanced. Furthermore, the moderating effects of risk management were established based on evidences from literature. The review has significant implication on the management of CPS not only in terms of the stewardship roles entrusted with privately firms (pension operators) managing the CPS fund, but also for the employees and other stakeholders to reap the benefits of well-regulated CPS.
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    The role of organizational justice on employee commitment of senior non-academic staff in the Nigerian Universities
    (Department of Business Administration, University of Ilorin. Nigeria., 2016) Mashi, M. A.; Aliu, Olanrewaju Atanda
    Highly committed workers are prerequisite resource for a successful organization. Empirical evidences have shown the impact of distributive justice, interactional justice and procedural justice among the determinants fostering workers' commitment. Grounded in social exchange theory, this study examines the influence of distributive justice, interactional justice and procedural justice on employee's organizational commitment among senior members of non-academic staff in the Nigerian universities. The study applied partial least square structural equation models (PLS-SEM) to analyze data obtained from 201 non-academic staff. The results show that among the hypothesized relationships of the study variables there is significant positive relationship between distributive justices (3-0.1945; t =2.33; p = 0.01), (3= 0.3664; t=3.82; p = 0.00), (= 0.365; t = 4.297; p = 0.00) on the three dimension of commitment. Additionally, positive relationship exists between interactional justice (B=0.287; t =3.54; p = 0.00), (= 0.269; t = 2.97; p = 0.001), (ß = 0.142; t = 1.61; p = 0.054) on the three dimension of commitment. On the contrary, the relationship between procedural justice (3 = 0.0225; t = 0.289; p = 0.386) and continuance commitment is not supported. This paper contributes to the existing human resources literature on employees' commitment and guides university management on how to improved employees' commitment. The paper recommends that universities should consider as relevant factor aspects of organizational justice in an effort to enhance workers commitment.
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    A study of the effectiveness of Pension Fund Administrators in Nigeria
    (Faculty of Management Sciences, Kogi State University, Anyigba. Kogi State, 2011-06) Aliu, Olanrewaju Atanda; Osemene, O. F.; Addulraheem, A.; Yahaya, K. A.; Kasum, A.S.
    The study was carried out to assess how effective one of the operators of the new contributory pension scheme. Pension Fund Administrators (PFAs) - has been discharging their responsibilities. This survey was performed using purposive sampling technique to their responsibilities. This survey was performed using purposive sampling technique to select active contributors and retirees from the new and the old schemes. Questionnaires were administered to respondents who were made to answer relevant questions hitherto rated on a 5-point Llkert scale. Responses were analyzed using Z-statistics and Mann-Whitney test. Results showed that PFAs were not doing enough in the areas of updating the respondents on the movements in the pension fund and notification on the investment strategy to which their funds were channeled. All other roles such as level of customer service delivery rendered by PFAs, notifying respondents on fund performance and prompt payments were carried out satisfactorily. The study revealed among other things that employment sector, employment status and pension scheme of the respondents had significant influence on the performance of PFAs while the PFA type does not. Consequently, the study recommended among other things that PFAs should provide more strategic investment opportunities and information to contributors to increase their confidence in the new pension scheme.