0704-883-0675     |      dataprojectng@gmail.com

The Impact of Forensic Accounting on Financial Inclusion in Nigeria: A Study of Fintech Fraud Investigations

  • Project Research
  • 1-5 Chapters
  • Abstract : Available
  • Table of Content: Available
  • Reference Style:
  • Recommended for :
  • NGN 5000

Background of the Study

Financial inclusion is a key priority for Nigeria, as it seeks to extend financial services to the unbanked and underserved populations. The rise of financial technology (fintech) companies has played a significant role in this effort, providing innovative digital solutions that offer financial services to individuals and businesses that were previously excluded from traditional banking systems. However, the growth of fintech in Nigeria has also led to an increase in financial fraud, with reports of fraudulent activities targeting fintech platforms, their users, and service providers.

Forensic accounting has the potential to address these issues by investigating and uncovering fraud within the fintech sector. By applying forensic accounting techniques such as data analysis, fraud detection, and forensic audits, forensic accountants can play a crucial role in identifying vulnerabilities, protecting consumers, and ensuring the integrity of financial transactions within the fintech ecosystem. This study aims to evaluate the impact of forensic accounting in mitigating fraud within Nigeria's fintech sector, thus supporting the country's financial inclusion efforts.

Statement of the Problem

The rapid growth of fintech in Nigeria has created significant opportunities for financial inclusion, but it has also increased the risk of fraud, with several high-profile fraud cases reported. Despite the advantages fintech offers, the lack of robust financial controls and oversight mechanisms leaves room for fraudulent activities. Forensic accounting can play a crucial role in addressing these issues, but its impact on financial inclusion in Nigeria's fintech sector remains insufficiently explored. This research aims to assess how forensic accounting can help mitigate fraud and enhance the integrity of the fintech industry, thereby promoting financial inclusion.

Objectives of the Study

  1. To evaluate the role of forensic accounting in detecting and addressing fraud within Nigeria's fintech sector.

  2. To assess the impact of forensic accounting on promoting transparency and trust in fintech services.

  3. To propose strategies for enhancing the use of forensic accounting to support financial inclusion in Nigeria's fintech industry.

Research Questions

  1. What role does forensic accounting play in detecting and addressing fraud in Nigeria’s fintech sector?

  2. How does forensic accounting contribute to enhancing transparency and trust in fintech services?

  3. What recommendations can be made to improve the use of forensic accounting in promoting financial inclusion through fintech?

Research Hypotheses

  1. Forensic accounting significantly reduces fraud in Nigeria’s fintech sector.

  2. The application of forensic accounting improves transparency and trust in fintech services.

  3. Enhanced forensic accounting practices contribute to greater financial inclusion in Nigeria through fintech.

Scope and Limitations of the Study

This study will focus on the fintech sector in Nigeria and evaluate the impact of forensic accounting on detecting and addressing fraud within this industry. The research will explore specific cases of fraud in fintech companies and assess the effectiveness of forensic accounting techniques in mitigating these risks. Limitations may include limited access to data from fintech companies and potential reluctance to disclose sensitive fraud cases.

Definitions of Terms

  1. Forensic Accounting: The use of specialized accounting techniques to detect fraud, investigate financial crimes, and provide litigation support.

  2. Financial Inclusion: The provision of financial services to individuals and businesses who are otherwise excluded from traditional banking systems.

  3. Fintech: Financial technology companies that provide digital financial services such as payments, loans, and insurance through innovative platforms and mobile applications.b





Related Project Materials

An Investigation of the Role of Women in Electoral Conflict Resolution: A Study of Katsina Local Government, Katsina State

Chapter One: Introduction

1.1 Background of the Study
In Nigeria, women have increasingly been i...

Read more
THE PROSPECT AND CHALLENGES OF COST ACCOUNTING IN THE HEALTHCARE INDUSTRY

Abstract: THE PROSPECT AND CHALLENGES OF COST ACCOUNTING IN THE HEALTHCARE INDUSTRY

This research explores the prospects and challenges a...

Read more
The Impact of Press Freedom on Investigative Journalism in Gombe Local Government Area, Gombe State

Chapter One: Introduction

1.1 Background of the Study
Press freedom is a fundamental pillar of d...

Read more
EVALUATION OF THE ANTI-FUNGAL ACTIVITIES OF CRUDE EXTRACTS OF THE AERIAL PARTS OF MITRACARPUS VILLOSUS (Sw.) DC

ABSTRACT

Plants have provided a source for novel drug compounds, as plant derived medicines have made large contributions to human health...

Read more
A STUDY ON HOW PIDGIN ENGLISH INFLUENCES STUDENTS IN NIGERIA

    1. Background of the study

The term "pidgin" is used to describe a...

Read more
The Impact of Radio on Rural Voter Turnout: A Descriptive Study of Gwaram Local Government Area, Jigawa State

NasarawaChapter One: Introduction

1.1 Background of the Study

In Nigeria, voter turnout in rural areas has traditionally been l...

Read more
The Impact of Constitutional Law on Religious Organizations' Activities: A Study of Gombe Local Government Area, Gombe State

Background of the Study

In many democratic societies, including Nigeria, religious freedom

The Impact of Practical Demonstrations on Students’ Clinical Skills Development in Ogun State College of Nursing and Midwifery

Background of the Study

Practical demonstrations are widely regarded as an essential component in the education and tr...

Read more
PRODUCTION OF ETHANOL THROUGH THE FERMENTATION OF REDUCING SUGARS RESULTING FROM THE HYDROLYSIS OF PRETREATED SAWDUST (HARDWOOD)

ABSTRACT

The production of ethanol from food such as corn, cassava etc. is the most predominate way of producing ethanol...

Read more
BUILDING COLLABORATION AMONG CONSTRUCTION PROFESSIONALS ON BUILDING INFORMATION MODELLING IMPLEMENTATION IN ABUJA, NIGERIA

ABSTRACT

Building Information Modelling (BIM) is one of the most promising technology in the construction industry today. The implementat...

Read more
Share this page with your friends




whatsapp