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Abstract
The study examined forensic accounting and fraud prevention in Nigeria. The studyspecifically used three research objectives to carry out the study, the objectives were todetermine the relationship between Pre-trial Support and Fraud prevention; to ascertain the relationship between Expert Witnessing and Fraud prevention; and to find out the relationship between Special Master Engagement and Fraud prevention. However, the geographical scope of this study was limited to Edo State in Nigeria due to constraints (security and financial resource) which restricted a nationwide journey to all states in
Nigeria. The population of the study consists of qualified accountants and lawyers in both private and public sector resident in Yenagoa, Bayelsa State, Nigeria. Where qualified accountants are those chartered under Institute of Chartered Accountant of Nigeria and Association of National Accountants in Nigeria, and qualified lawyers are lawyers who have been called to bar. These Professionals were chosen because they are knowledgeable in this area of study and they provide experts/technical services during litigation in Fraud cases. The study adopted the Crochan’s (1977) sampling formula to arrive at the sample size. This sampling technique was adopted as it allows the researcher to reach out to accessible respondents that are available at a point in time. The data collected (primary and secondary data) are processed manually. The analytical tool used regression analysis, It was concluded that fraud has existed in Nigeria since the introduction of modern administrative structures. Today, Nigeria is being regarded as one of the most corrupt nations in the world despite the multiplicity of agencies and laws aimed at tackling Fraud
in Nigeria. A major challenge has been the inability of anti-Fraud agencies to secure convictions that will send a strong deterrent message that the commissions are in the business of fighting Fraud. Based on the findings and conclusion the researcher gives the necessary recommendations.
Nigeria. The population of the study consists of qualified accountants and lawyers in both private and public sector resident in Yenagoa, Bayelsa State, Nigeria. Where qualified accountants are those chartered under Institute of Chartered Accountant of Nigeria and Association of National Accountants in Nigeria, and qualified lawyers are lawyers who have been called to bar. These Professionals were chosen because they are knowledgeable in this area of study and they provide experts/technical services during litigation in Fraud cases. The study adopted the Crochan’s (1977) sampling formula to arrive at the sample size. This sampling technique was adopted as it allows the researcher to reach out to accessible respondents that are available at a point in time. The data collected (primary and secondary data) are processed manually. The analytical tool used regression analysis, It was concluded that fraud has existed in Nigeria since the introduction of modern administrative structures. Today, Nigeria is being regarded as one of the most corrupt nations in the world despite the multiplicity of agencies and laws aimed at tackling Fraud
in Nigeria. A major challenge has been the inability of anti-Fraud agencies to secure convictions that will send a strong deterrent message that the commissions are in the business of fighting Fraud. Based on the findings and conclusion the researcher gives the necessary recommendations.
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