Browsing by Author "OPEFOLU Francis Olatunji"

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    IMPACT OF FINANCIAL INCLUSION ON BANK'S PERFORMANCE IN NIGERIA.
    (Nigerian Journal of Banking and Financial Issues (NJBFI), 2023) YUNUS AbdulrasheedBolaji; ABDULRAFIU, Dauda; ABDULMUMIN, Biliqees Ayoola; OPEFOLU Francis Olatunji; OPEFOLU Francis Olatunji; HANAFI Musa Olayinka
    Financial inclusion is seen as a solution to solve the problem of poverty and income inequality. In many developing countries like Nigeria, mortgage banks are seen as the traditional channel for bringing the unbanked into the formal financial system. The increasing diversity of customer demands and technological changes are expected to have a significant impact on the management of the bank in order to retain and attract potential customers and investors in the banking sector. However, with the increase in income levels, location and number of banking branches, the management of banks has to identify banking services to improve their banking performance (return on assets). Therefore, this study examines the impact of financial inclusion on the performance of banks in Nigeria. Specifically, the study examines how banking performance is affected by ATMs, branch network, number of bank accounts and location of sales terminals. The study used all DBMs in Nigeria between 2013 and 2018 using data compiled on the basis of least squares. The results of the study show that the effect of ATMs, banking location, towers, performance of bank depository (ATM, BET and POS on ROA of DBMs) in Nigeria is positive and significant by 0.05. It is concluded that FI applications have proven to have a significant impact in improving customer satisfaction and bank profitability. It is recommended that to ensure that DMB services reach and serve the poor, financial institutions should not only upgrade their processes (using technological innovations), but also develop processes and reasonable procedures to evaluate potential customers and ensure fairness in the selection process.
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    Internal Audit and Employee Fraud in Manufacturing Companies in Ilorin Metropolis
    (Journal of Accounting and Financial Management, 2024) YUNUS AbdulrasheedBolaji; DAUDA Abdulrafiu; OPEFOLU Francis Olatunji; ALKADRIYAR Sherifdeen
    This paper investigates the effect internal audit and Employee Fraud in manufacturing companies in Ilorin Metropolis. ‘Simple random sampling technique’ of the probability sampling method was used in selecting the manufacturing companies. Primary data was used in the course of this study. The data was generated using a well-structured Likert’s scale questionnaire. In specific terms, the study assess the effectiveness of internal control system in manufacturing companies in Ilorin Metropolis, examine the effect of internal audit on employee fraud in manufacturing companies in Ilorin Metropolis, examine the effect of management override of control on fraud prevention in manufacturing companies in Ilorin Metropolis and examine the effect of human resource policies on fraud prevention in manufacturing companies in Ilorin Metropolis. Findings from the study show that human resource policies have a positive effect on fraud prevention in manufacturing companies in Ilorin Metropolis. The overall significance of the 5% alpha level which led to the conclusion that internal audit has positive relationship with employee fraud in manufacturing companies in Ilorin metropolis.