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Forensic Accounting and Fraud Management among Ministries, Departments and Agencies (MDAs) In the Nigerian Public Sector

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  • Cyril Lee ORIAIFOH

    (PhD Student, Department of Accounting, Faculty of Management Sciences, University of Benin, Benin City, Nigeria)

  • Oluwasola LODIKERO

    (PhD Student, Department of Accounting, Faculty of Management Sciences, University of Benin, Benin City, Nigeria)

Abstract

This study investigated impact of forensic accounting and fraud management within the Ministries, Departments, and Agencies (MDAs) in the Nigerian public sector, focusing specifically on the Benin City metropolis. The study utilized a survey research design. The study’s population consisted of directors, internal auditors, and professional accountants working in the internal audit department, account, and finance department of selected Federal-owned ministries, departments, and agencies (MDAs) in Benin City, Edo State. These individuals were chosen because of their expertise and knowledge of forensic accounting in managing frauds among MDAs. A sample size of one hundred (100) of the respondents was selected using random sampling method for the purpose of administering the research instrument. To ensure the reliability of the research instrument, the Alpha Cronbach reliability technique was employed and it yielded a value of 0.737. The collected data was analyzed using descriptive statistics, correlation matrix regression estimation method. The findings reveal significant challenges in the current fraud detection mechanisms, highlighting gaps in the implementation of forensic accounting practices. Specifically, the study identifies weaknesses in the execution of forensic document examination and fund tracing techniques, alongside a limited application of lifestyle analysis in identifying fraudulent activities. The results underscore the necessity for enhanced training and resources to improve forensic accounting capabilities within MDAs. The study therefore recommends policy reforms aimed at strengthening institutional frameworks to better combat fraud.

Suggested Citation

  • Cyril Lee ORIAIFOH & Oluwasola LODIKERO, 2025. "Forensic Accounting and Fraud Management among Ministries, Departments and Agencies (MDAs) In the Nigerian Public Sector," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(4), pages 5324-5342, April.
    • Handle: RePEc:bcp:journl:v:9:y:2025:issue-4:5324-5342
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    References listed on IDEAS

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    1. Christoph Watrin & Ralf Struffert & Robert Ullmann, 2008. "Benford’s Law: an instrument for selecting tax audit targets?," Review of Managerial Science, Springer, vol. 2(3), pages 219-237, November.
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