Browsing by Author "Yahaya, K. A."
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Item An analysis of challenges of taxation in Kwara State.(.Lapai International Journal of Management and Social Sciences. The Faculty of Management and Social Sciences, Ibrahim Babangida University, Lapai, Niger State., 2009) Yahaya, K. A.This study investigates the challenges of taxation in Kwara state with a view to identifying viable solutions. Survey research methodology was adopted for the study. Questionnaire was administered on One hundred and twenty tax officers in Kwara State Board of Internal Revenue (KSBIR) and three Tax agents in the state. The collected data were analyzed ‘using descriptive and inferential statistics. The study identified-high rate of poverty, corruption, illiteracy, ignorance of tax procedure "and tax evasion as the major societal factors hindering effective taxation in Kwara State. Also ineffective utilization of collected tax-cs”,/pooi‘ remuneration of tax officials, improper record keeping, non-enforcement of tax policies and inadequate facilities to monitor tax payment and to assess taxable resources were expressed as the major administrative factors retarding effective and efficient taxation in Kwara State. it was also found that areas of specialization have significant influence on tax officers‘ views of the challenges of taxation while job experiences do not. Based on the findings, of the study it was recommended that the Kwara State government should employ the service of professionals in taxation such as Accountants, Auditors and Tax administrators to handle tax issues. Efficient allocation and usage of resources, effective usage of taxes, prevention and eradication of corruption and organization of enlightenment programme on the importance of paying taxes are also suggested.Item Application of the value added intellectual coefficient to measure corporate performance: Evidence from Nigerian service companies(Faculty of Management Sciences, Al-Hikmah University, Ilorin., 2012) Salman, , R. T.; Yahaya, K. A.; Aliu, O. A.This research work applies a new accounting method for measuring the 'value creation' efficiency of company, the Value Added Intellectual Coefficient (VAIC) of Public. It also investigates the correlation between VAIC components and corporate performance, based on 2010 annual reports of 20 Nigerian listed service companies. After modifying the model, the findings show that VAIC components had a significant positive correlation with profitability (ROA) and market value (MV), and a negative correlation with productivity (ATO). Furthermore, the findings of the study suggest that service companies in Nigeria are capable of transforming intangible (intellectual) resources/assets to high value added services, as claimed by Pulic (2002).Item Causality between institutional shareholding and corporate governance of deposit money banks in Nigeria.(Ilorin Journal of Finance., Published by the Department of Finance, Faculty of Management Sciences, University of Ilorin, Nigeria., 2017-12) Yahaya, K. A.; Lawal, R. Y.Corporate decisions may be influenced by institutional shareholders and the effect on corporate policies may change with the level of institutional ownership. Hence, this study examined the causality between institutional shareholding and corporate governance mechanisms of selected deposit money banks in Nigeria. The study used fifieen (I5) deposit money banks quoted on the Nigerian Stock Exchange. The study employed secondary data which was obtained from Audited Annual Report of the selected banks in Nigeria for a period of ten years (2006- 2015). The data obtained were subjected to Granger causality test to determine the causal relationship between institutional shareholding and corporate governance. The findings show that there is bi-directional causality between institutional shareholding and audit committee independence while there is unidirectional causal relationship between institutional shareholding and board independence/board composition. Based on these findings, the study concluded that there exists a causal effect between institutional shareholdings and corporate governance among deposit money banks in Nigeria. The study recommends that institutional shareholders should use their power within the legal provision to ensure independence of the audit committee in curbing insider related credit abuse which may affect the return on their investment. Banks’ board of directors should also ensure independence of the board and audit committee in order lo attract more institutional investors to enhance performance.Item Effect of corporate governance on the performance of oil and gas firms in Nigeria(2018-06) Yahaya, K. A.; Bukoye, J. T; Bamigbade, DSmall and Medium Scale Enterprises (SMEs) have been recognized by government and development experts, most especially the developing countries of Africa, as the main engine of economic growth and major factor in promoting private sector development and partnership. Nigeria has facilitated the growth of SMEs through the creation of many agencies, institutions and promulgation of laws and regulations that aid govemment in regulating and boosting the growth and development of SMEs. Therefore, this study seeks to examine the impact of government regulations on the survival of SMEs in Kwara State. Other specific objectives were to examine the extent to which government regulations influence the survival of SME: and determine the nature of the relationship that exists between tax policy and growth of SMEs. Questionnaire was sewed to 144 out of 226 registered SMEs in Kwara State though stratified, simple random sampling technique. The two hypotheses formulated were tested through regression and correlation analysis. Finding: of the study revealed that govemrnent regulations have significant influence on the survival of SMEs (r'=73.2%, p- value<0.05) and that strong relationship exist between tax policy and the gowth of SMEs (P- value<0.0S). The study therefore recommended that government should legislate against multiple taxation and make fund available to regulatory agencies and financial institution, established authority a cater for the gmwth and survival of SME. Small and Medium Scale Enterprises (SMEs) have been recognized by government and development experts, most especially the developing countries of Africa, as the main engine of economic growth and major factor in promoting private sector development and partnership. Nigeria has facilitated the growth of SMEs through the creation of many agencies, institutions and promulgation of laws and regulations that aid govemment in regulating and boosting the growth and development of SMEs. Therefore, this study seeks to examine the impact of government regulations on the survival of SMEs in Kwara State. Other specific objectives were to examine the extent to which government regulations influence the survival of SME: and determine the nature of the relationship that exists between tax policy and growth of SMEs. Questionnaire was sewed to 144 out of 226 registered SMEs in Kwara State though stratified, simple random sampling technique. The two hypotheses formulated were tested through regression and correlation analysis. Finding: of the study revealed that govemrnent regulations have significant influence on the survival of SMEs (r'=73.2%, p- value<0.05) and that strong relationship exist between tax policy and the gowth of SMEs (P- value<0.0S). The study therefore recommended that government should legislate against multiple taxation and make fund available to regulatory agencies and financial institution, established authority a cater for the gmwth and survival of SME.Item Environmental audit practices in small and medium scale enterprises in Nigeria(Annals of Management Science. International Center for Business and Management Excellence, Tennessee State University, U.S.A, 2012) Osemene, O. F; kasum, A. S; Yahaya, K. A.The study assessed environmental audit practice as well as the effectiveness of environmental laws in small and medium scale enterprises (SMEs) in Nigeria. It also evaluated the impact of SMEs activities on the environment and on human health. This was with a view to determining the extent of compliance of audit practice with environmental laws. Relevant data were obtained from workers using judgmental sampling technique in ten different SME categories across the country with the aid of pre-tested questionnaire, interview schedule and Focus Group Discussion. The data was analyzed using descriptive statistics and analysis of variance. The results of the analyses revealed that: (1) some of the ten different SME categories in Nigeria are significantly influenced by existing environmental laws, (2) some of the activities of the SMEs have negative effects on human health and on the environment, (3) managements of SMEs are keen on implementing environmental audits that do not attract additional production cost and that facilitate quick access to funds from financial houses, and (4) generally, the extent of compliance of SMEs to the requirements of the existing environmental laws is poor. Among many others, the study also revealed that there are significant differences among: (1) different SME categories with respect to the extent of implementation of each type of environmental audit in Nigerian SMEs, (2) different SME categories with respect to the influence of environmental laws on their audit practices, (3) different SME categories from different zones with respect to the extent of implementation of each type of environmental audit types, and (4) among zones with respect to the degree of influence of environmental laws on SME audits practices.Item Financial Meltdown on the Capital Market: A Study of the Nigerian Stock Market Exchange(Academy of Taiwan Business Management Review, 2011) Yahaya, K. A.; Abdulraheem, A.; Isiaka, S. B.; Aliu, O. A.; Yisau, N. S.A major engine of economic growth and development of any nation is its capital market. Until quite recently, the Nigerian capital market was the toast of many enlightened Nigerians both home and abroad. This research study investigated the impact of financial meltdown on the capital market with particular reference to the Nigerian Stock Exchange (NSE). In carrying out the study, survey research design was adopted and thirty (30) observations were drawn each from the periods before the crash and after the menace. Using Z test statistical analysis, two hypotheses tested with respect to NSE All Share Index (ASI) and market capitalisation were rejected implying that the tests were statistically significant. On the contrary, the hypothesis tested on NSE market turnover was accepted meaning that the observed difference in the values was statistically insignificant. Similarly, using market model, it was discovered that there were significant changes in individual quoted securities and expected returns in the period under consideration. Above all, the findings of the study revealed that the financial meltdown impacted negatively on the operational performance and efficiency of the Nigerian stock market. It was recommended that the Nigeria government should inject physical cash into the stock market as a way of bail out in order to restore the lost confidence in the market and also the investors and stock market operators should play the games according to the rule.Item Financial meltdown on the capital market: A study of the Nigerian Stock Exchange(Taiwan Institute of Business Administration, 2011-12) Yahaya, K. A.; Abdulraheem, A.; Isiaka, S. B.; Aliu, O. A.; Yisau, N. S.A major engine of economic growth and development of any nation is its capital market. Until quite recently, the Nigerian capital market was the toast of many enlightened Nigerians both home and abroad. This research study investigated the impact of financial meltdown on the capital market with particular reference to the Nigerian Stock Exchange (NSE). In carrying out the study, survey research design was adopted and thirty (30) observations were drawn each from the periods before the crash and after the menace. Using Z test statistical analysis, two hypotheses tested with respect to NSE All Share Index (AST) and market capitalisation were rejected implying that the tests were statistically significant. On the contrary, the hypothesis tested on NSE market turnover was accepted meaning that the observed difference in the values was statistically insignificant. Similarly, using market model, it was discovered that there were significant changes in individual quoted securities and expected returns in the period under consideration. Above all, the findings of the study revealed that the financial meltdown impacted negatively on the operational performance and efficiency of the Nigerian stock market. It was recommended that the Nigeria government should inject physical cash into the stock market as a way of bail out in order to restore the lost confidence in the market and also the investors and stock market operators should play the games according to the rule.Item Financial meltdown on the capital market: A study of the Nigerian stock market exchange.(Academy of Taiwan Business Management Review,.Taiwan Institute of Business Administration, 2011-12) Yahaya, K. A.; Abdulraheem, A.; Isiaka, S. B.; Aliu, O. A.; Yisau, N.S.A major engine of economic growth and development of any nation is its capital market. Until quite recently. the Nigerian capital market was the toast of many enlightened Nigerians both home and abroad. This research study investigated the impact of financial meltdown on the capital market with particular reference to the Nigerian Stock Exchange (NSE). In carrying out the study. survey research design was adopted and thirty (30) observations were drawn each from the periods before the crash and after the menace. Using Z test statistical analysis, two hypotheses tested with respect to NSI-I All Share lndex (ASI) and market capitalisation were rejected implying that the tests were statistically significant. On the contrary, the hypothesis tested on NSE market turnover was accepted meaning that the observed difference in the values was statistically insignificant. Similarly, using market model, it was discovered that there were significant changes in individual quoted securities and expected returns in the period under consideration. Above all, the findings of the study revealed that the financial meltdown impacted negatively on the operational performance and efficiency of the Nigerian stock market. lt was recommended that the Nigeria government should inject physical cash into the stock market as a way of bail out in order to restore the lost confidence in the market and also the investors and stock market operators should play the games according to the rule.Item Financial meltdown on the capital market: A study of the Nigerian stock market exchange.(Academy of Taiwan Business Management Review,.Taiwan Institute of Business Administration, 2011-12) Yahaya, K. A.; Abdulraheem, Abdulrasheed; isiaka, S. B; Aliu, O. A.; Yisau, N. SA major engine of economic growth and development of any nation is its capital market. Until quite recently. the Nigerian capital market was the toast of many enlightened Nigerians both home and abroad. This research study investigated the impact of financial meltdown on the capital market with particular reference to the Nigerian Stock Exchange (NSE). In carrying out the study. survey research design was adopted and thirty (30) observations were drawn each from the periods before the crash and after the menace. Using Z test statistical analysis, two hypotheses tested with respect to NSI-I All Share lndex (ASI) and market capitalisation were rejected implying that the tests were statistically significant. On the contrary, the hypothesis tested on NSE market turnover was accepted meaning that the observed difference in the values was statistically insignificant. Similarly, using market model, it was discovered that there were significant changes in individual quoted securities and expected returns in the period under consideration. Above all, the findings of the study revealed that the financial meltdown impacted negatively on the operational performance and efficiency of the Nigerian stock market. lt was recommended that the Nigeria government should inject physical cash into the stock market as a way of bail out in order to restore the lost confidence in the market and also the investors and stock market operators should play the games according to the rule.Item Impact of accounting information on managerial decision making in Nigerian manufacturing sector(2016) Yahaya, K. A.; Osemene, O. F.; Salman, R. T.Accounting information is an essential ingredient for understanding financial situation of the organization and the basis of making strategic decisions._ This study examines the impact of accounting information on making effective managerial decisions in manufacturing organisations‘ The major source of data for this research is primary data obtained through administration of questionnaires. Regression Analysis and Kori Pearson's correlation was used to analyses the collected data. The findings show that accounting information is an indispensable tool in decision making in today's turbulent world. Base d on the findings, it was recommended that manufacturing organizations should invest an accounting information system technology tools as it improves their efficiency, effectiveness and their overall performance.Accounting information is an essential ingredient for understanding financial situation of the organization and the basis of making strategic decisions._ This study examines the impact of accounting information on making effective managerial decisions in manufacturing organisations‘ The major source of data for this research is primary data obtained through administration of questionnaires. Regression Analysis and Kori Pearson's correlation was used to analyses the collected data. The findings show that accounting information is an indispensable tool in decision making in today's turbulent world. Base d on the findings, it was recommended that manufacturing organizations should invest an accounting information system technology tools as it improves their efficiency, effectiveness and their overall performance.Item Impact of bank reform on the quality of financial statement of selected Nigerian banks.(Journal of Public Administration, Finance and Law (JOPAFL), Faculty of Economics and Business Administration, University of Iasi, Romania, 2017) Yahaya, K. A.; Salaudeen, S. KThe formulation and implementation of policies and reforms by government that will satisfy the conflicting interests of all and sundry will virtually result in an utopian state of nature. Therefore, this study believes that the 2005 reform in the Nigerian banking sector should not have been an exception. This study assessed the impact of the reform on the quality of financial position of the post-2005 banks. Accounting ratios were computed from the secondary data obtained from the 2006–2012 annual reports issued by four (4) judgmentally sampled banks. Correlation and regression analysis were carried out on the data. Results indicated that the post consolidation interest of the stakeholders (shareholders, employees, business contacts, depositors and government) are conflicting; and that all stakeholder interests, except that of the shareholders, have a positive relationship with the employee interest. It is therefore recommended that the management of the banks should mediate carefully among the stakeholders in the allocation of the banks funds to achieve maximization of their firms’ value.Item Impact of environmental accounting disclosure practices on financial reporting and performance of selected commercial banks in Nigeria(Advances in Management. Published by the Department of Business Administration, University of Ilorin, Nigeria, 2013) Yahaya, K. A.; Sanni, M.; Omede, I. I.; Oni, M. OIn recent years, the adverse environmental effects on economic development have been a matter of great concem all over the world. This study investigates the extent of environmental disclosure by selected commercial banks in Nigeria. This study examines the association between company specific attributes and environmental disclosure of the sample companies. Content analysis approach using both weighted disclosure index and un-weighted disclosure index was used in analyzing the annual reports in order to measure the volume of environmental information disclosure. The study reveals that on an average sample companies disclosed 21.43% of the expected information in their annual reports and environmental disclosure volume and total asset of the companies are significantly correlated. The study opined that commercial banks in Nigeria are disclosing very inadequate environmental information impact of Environmental Accounting Disclosure Practices on Financial Report in their annual reports. Consequently, the study concludes that lack of environmental reporting and disclosure standards significantly affects the reporting and disclosure uniformity of environmental related information in financial statements, annual reports and accounts of commercial banks in Nigeria. Based on these findings, the study among others recommends that environmental accounting standards should be published locally and intemationally and reviewed cc ant.-al/y to ensure dynamism compliance and meets environmental situational needs.Item Impact of international Financial Reporting Standards (IFRS) on quality of financial reporting in the Nigerian banks(Bayero International Journal of Accounting Research. Published by the Department of Accounting, Bayero University, Kano, Nigeria, 2014-12) Yahaya, K. A.; Osemene, O. F.; Aderogba, J. OAccountants all around the world decided to adopt the same accounting language and present the same financial statement format which will result in uniform accounting standards across the world international Financial Reporting Standards (IFRS) is the approach selected. This paper examined the eflect of the adoption of International Financial Reporting Standards (IFRS) on the quality of financial statements of banks in Nigeria. Specifically, it investigated the impact of the change in the standards of preparing the financial statement on the quality of the report, also accessed the level of compliance of the banks to the requirement of the standards using both primary and secondary data some stakeholders and Commercial Banks financial report, through the computation of various ratios, plotting of graph. Also the questionnaire was analysed using regression analysis. This study found out that IFRS has actually improved the quality of the report. The level of compliance to IFRS requirement by the Nigerian commercial banks was low; this is because a lot of changes were observed at the adoption of IFRS and there were lot of differences which needed direction of experts. This study concludes that IFRS has improved the quality of preparation and disclosures of financial statement compared to GAAP era and recommends training and enforcement of professionals both in the industry and academic environment in other to be well equipped in the delivery of their duties regarding the preparation of the financial statement and teaching of the standards.Item Impact of international financial reporting standards adoption on the quality of financial statement of quoted banks in Nigeria(2015-06) Yahaya, K. A.; Fagbemi, T. O.; Amoo, I. O.; Balogun, N. F.; Raheem, B.KAccounting scholars, practitioners and regulators have been-carrying debates over measurement and disclosure issues in order to achieve internationally comparable and high quality financial statements. The global Generally Accepted Accounting Principles (GAAP) that is seeking to unijji accounting and financial reporting world is the International Financial Reporting Standards (IFRS). Accounting framework has been shaped by (IFRS) to provide for recognition. measurement, presentation and disclosure requirements relating to transactions and events that are reflected in the financial statements. The problems that prompted the conduct of this study are that the adoption of IF RS will lead to the change in most of our local laws to be in line with the new standards. The objective of this study is to assess the adoption of lFRS on report quality of financial statement in Nigeria Banks. Five (5) quoted banks on the Nigeria Stock Exchange market (NSE) were considered for period of 2007-20 I 4 and samples were drawn to that effect with the use of random technique. A dummy variable regression technique (ANOVZ4 Model) was used to analysed data. The study concluded that adoption of IFRS has significant influence on the quality report of financial statement. The study recommends that uniformity in accounting standards on a global scale will further enhance greater confidence of users on financial statements this will help them in comparing activities of rt nt in the their company with those situated outside the country. The issue of training is important in the adoption of IF RS. Adequate training is required by the accountants and professional members who are connected with the use oflFRS in effective adoption of the standards, adoption of1FRSwill also helps in minimizing fraud and irregularities.Item Impact of investment in human resource training and development on employees’ effectiveness in Nigerian Banks(Journal of Social Management Studies. Published by the Faculty of Social and Management Sciences, Bayero University, Kano, 2007-12) Yahaya, K. A.The success of any organization depends on the ability of its human resource to utilize other resources such as capital, equipment and land for the achievement of organizational objectives. Human resource thus requires the necessary attention in order to achieve corporate objectives. This paper investigates the impact of investment in human resource training and development on employees' eflectiveness in Nigerian banks. Descriptive survey research was adopted for the study. A quantitative measure published by the Institute of lntellectual Capital Research and approved by the Saratoga Institute database was used to assess human resource effectiveness in three randomly selected banks. Also, an instrument titled Assessment of Training and Development Activities Scale (ATDAS) was administered to one hundred and twenty-five randomly selected employees of the selected banks in Ilorin metropolis. Kwara State, Nigeria. Relevant data was obtained from the three selected banks 'audited financial accounts for a period of five years (2001-2005). The collected data was analyzed using descriptive and inferential statistics. The results showed that Zenith Bank’ had the best Human Resource Management and Accounting practice performed best. The study also identified the main training and development activities in the three selected banks as orientation and on the job training, skills improvement training. utilization of the newly acquired skills. regular training and acquisition of job experience‘s in all areas of banking. It was also found that respondents were significantly different in the assessment of training and development activities in their banks based on length of service and job status. However, the respondents were not significantly different in their assessment of training and development activities based on qualifications. Thus, the paper recommends that Nigerian Banks should evaluate the quality of their human resource regularly and provides adequate training and development opportunities to their employees. Also, the professional bodies in Nigeria should develop a standardized scale for the assessment of human resource in Nigerian banks and other corporate organizations. Similarly, training‘ and development programmes designed for the employees should be comprehensive and related to their needs.Item Impact of macroeconomic factors on non- performing loans in the Nigerian deposit money banks(Amity Global Business Review, Amity International Business School, Amity University, Noida, India, 2016) Yahaya, K. A.; Oni, O. OBanking sector in Nigeria over the years has witnessed a number of crises that led to the distress of many banks. The crises, was caused and fueled by the high figures of non-performing loans and loan loss provisioning among other factors. This study therefore, investigated the factors responsible for non -performing loans in the Nigerian deposit money banks. A time series data were collected from Central Bank of Nigeria (2013), Financial Statistical Bulletin that covered the period 1990 to 2013. The study adopted Ordinary Least Squared technique via Error Correction Model to assess the non-performing loans and macroeconomic variables. The findings revealed that, Inflation, foreign exchange rate and credit to the private sectors are statistically significant with non-performing loans while Gross Domestic Product, Money Supply have no significant relationship with non-performing loans of the deposit money banks in Nigeria. Based on the findings, it was recommended that Central Bank of Nigeria should develop an institution that could take care of the effects of macroeconomic fluctuation in banks especially during inflation, currency devaluation and economic recession. In conclusion, deposit money banks in Nigeria should put into consideration macroeconomic factors when offering loans in order to avoid the incidences of non-performing loans.Item Macroeconomic determinants of bank lending behaviour in Nigeria(Institute of Chartered Accountants of Nigeria Journal of Accounting and Finance (IJAF). Published by the Institute of Chartered Accountants of Nigeria (ICAN)., 2014-09) Yahaya, K. A.; Oni, O. O.Lending activity is possible through bank's mobilization of funds from their customers. Banks depend on depositor's money as a source of funds and this means that there is a relationship between the ability of the banks to mobilize deposits and the amount of credit granted to the customers. This study therefore examined the effect of macroeconomic variables on banks’ lending behaviour in Nigeria. A time series data were collected from Central Bank of Nigeria (CBN) 2072 Financial Statistical Bulletin that covered the period 1990 to 2012. The study adopted a simplified Ordinary Least Squared (OLS) technique and also conducted the unit root and co-integration tests. The findings of the study revealed that, Gross Domestic Product (GDP), Inflation (INF), Money Supply (M2), Lending Rate (LR), were found to be statistically significant in determining lending portfolio behaviour of deposit money banks in Nigeria. However, the study discovered that foreign exchange rate (N/S) has no significant relationship with banks lending behaviour in Nigeria. The implication of this finding is that macroeconomic variables have a significant influence on the lending behaviour of banks in the Nigerian economy. The study recommends that all macroeconomic policies of the government through its monetary and fiscal policies should be co-ordinated to complement each other in order to attain the goals of price stability, sustainable growth, conducive and business friendly environment so as to encourage high level of credit demand and absorption in the Nigerian economy.Item Stock market development and economic growth in Nigerian (1980-2009)(Babcock Journal of Management and Social Sciences (BJMASS, the Faculty of Management and Social Sciences, Babcock University, Ilishan-Remo, Ogun State, 2013-01) Yahaya, K. A.; Etudaiye-Muhtar, O. F.; Abdulraheem, A; Isiaka, S. BThe stock market as a sub-set of financial system is an indicator of financial health of the economic system and its development has been found to have impacts on economic growth. This study investigates the nature of relationship between stock market development and economic growth in Nigeria using time series data from 1980 - 2009. The error correction mechanism is used in analyzing the relationship. Two measures of stock market development namely size and liquidity are employed for this study. Findings reveal that in the long-run, stock market development has a positive and significant relationship with economic growth while the short—run relationship is positive but inconclusive. Granger causality tests indicate a unidirectional causality from economic growth to the stock market. This implies that in the Nigerian context, it is growth in the economy that leads to development in the stock market. Based on these findings, recommendations are made for regulatory authorities to put in place, growth induced policies that will deepen and develop the stock market.Item Strategies of enhancing ethics and accountability in the Nigerian public service as viewed by Accountants(Ilorin Journal of Business and Social Sciences., 2006) Yahaya, K. A.Item 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.