IIARD International Institute of Academic Research and Development

Journal of Accounting and Financial Management (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 11 NO. 2 2025
DOI: 10.56201/jafm.vol.11.no2.2025.pg160.186

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Forensic Accounting and Fraud Prevention of Federal Government Agencies in Rivers State, Nigeria

Eneisik Gogo Erasmus, Ayasa, Juanah Fred

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Abstract

The study empirically investigated the relationship between forensic accounting and fraud prevention of federal government agencies in Rivers State, Nigeria. The population of the study comprises of 450 management staff of 90 federal government agencies in Rivers State, Nigeria. The study adopted Taro Yamane sampling techniques to determine the sample size of 212. The study adopted the use of primary data obtained through five point likert scale questionnaire to elicit responses from respondents. A total of 212 questionnaires were distributed to the respondents while 210 were used for the analysis. The study adopted Pearson product moment correlation coefficient to analyze the formulated hypotheses with the aid of statistical package for social sciences version 22. The findings show that investigative accounting, litigation support services significantly influenced whistleblowing policy and fraud risk assessment of federal government agencies in Rivers State, Nigeria. The study concludes that there is a significant relationship between forensic accounting and fraud prevention of federal government agencies in Rivers State, Nigeria. The study recommends among others that federal government agencies should introduce automated internal control systems, implement whistleblower mechanisms, develop and enforce anti-fraud policies, established specialized fraud units, and promote awareness and ethics. Introduce data mining tools to regularly analyze vast amounts of transaction data to spot patterns, anomalies, or suspicious transactions. Conduct periodic fraud risk assessments to identify vulnerable points in their financial systems.

keywords:

Forensic Accounting, Fraud Prevention, Nigeria

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