Browsing by Author "Kolawole, K. D"

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    Determinants of forensic accounting and its effects on alleviation of fraud practices in Nigerian Deposit Money Banks
    (Clarion University, USA, 2018) Kolawole, K. D; Salman, Ramat T.; Durodola, S. E.; Babatunde, D.; Igbekoyi, E. O.
    Forensic Accounting report is considered as evidence in administration proceedings or in the court of Law. Despite this report on fraudulent activities in Nigeria, many foreign investors have lost several billions of dollars to fraudsters thereby leading to dis-investment from Nigeria. Hence, the study examined forensic accounting and alleviation of fraudulent practices in Nigerian deposit money banks. The study employed primary data obtained through questionnaire administration to staff of selected banks in Lagos state. With the aid of ordered logit regression, results of the study revealed that forensic accounting reduces asset misappropriation in Nigerian deposit money banks. The study concludes that there is a strong relationship between forensic accounting and alleviation of fraud practices in deposit money banks in Nigeria. The study therefore, recommends that management of Nigerian banking sector should train auditors on the dynamics and scope of financial crimes, the legal environment, fraud prevention and ethical issues.
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    Impact of Small and Medium Scale Enterprises on Poverty Alleviation in Kwara State, Nigeria
    (Akamai University, USA, 2017-05) Osemene, O. F; Salman, R. T; Kolawole, K. D
    Small and medium scale enterprises (SMEs) are the mechanism propelling economic growth and development mitigating poverty in many countries of the world. Despite accounting for more than 95% of productive activities, SMEs contribution to the Nigeria’s gross domestic product (GDP) is below 10%. The rates of poverty and unemployment remain very high in the country. In view of this, this study examines how SMEs contribute to poverty alleviation and reduction in Kwara State. The study employed primary data through the administration of questionnaire from a sample of 100 small and medium scale enterprises. A probit regression was used to shed light on the impact of income generated by owners of SMEs on poverty alleviation in Nigeria. The results of the regression analysis revealed that income generated by owners of SMEs impacts strongly on poverty alleviation in Kwara State. The study therefore, recommends that small and medium scale enterprises owners should seek and maintain sufficient funds at a lower interest rate for the smooth operation of their businesses.