The Duties and Obligations of the Governor of Central Bank of Nigeria to the Financial Institutions

THE DUTIES AND OBLIGATIONS OF THE GOVERNOR OF CENTRAL BANK OF NIGERIA TO THE FINANCIAL INSTITUTIONS

The governor of central bank of Nigeria has some duties in which he performs in order to meet the finance needs of other financial institutions which are as followings: [Read more…]

The Evaluation of Accounting Control System in Nigeria

THE EVALUATION OF ACCOUNTING CONTROL SYSTEM IN NIGERIA

American institution of certified public accountants (AICPA) defined accounting control system as the plan of organizations to adopt within the business, accounting control to safeguard assets, check the accuracy and reliability of it’s accounting data many define it as the whole financial system and ensuring accuracy control system in the financials of an organization. [Read more…]

The Role of Non-Banking Financial Institutions in Nigeria

THE ROLE OF NON-BANKING FINANCIAL INSTITUTIONS IN NIGERIA

Non-banking financial institutions in Nigeria include insurance companies, discount house, Bureau de change, finance companies etc. they play a lot of comparative roles with banking institutions and with limited difference. [Read more…]

The Problems of New Banks in Nigeria

THE PROBLEMS OF NEW BANKS IN NIGERIA (A CASE STUDY OF CITIZEN INTERNATIONAL BANK OF NIGERIA ENUGU)

In the study of the problem of new banks in Nigeria, it is important to takes a critical examination on related literature on the topic. Derrick G.H. (1985) defined bank as a business recognized as a bank by the bank of England under the banking Act 1977. [Read more…]

The Role of External Auditors in Fraud Detection

THE ROLE OF EXTERNAL AUDITORS IN FRAUD DETECTION (A CASE STUDY OF UNION BANK OF NIGERIA PLC. ENUGU BRANCH)

 The heritage illustrated dictionary of the English language defines fraud as “a deception deliberately practiced in order to secure unfair or awful gain”.  Fraud is simply an international wrongful act with the purpose of deceiving or causing harm to another company or party.  An important characteristic of fraud is the interest of the wrong does. [Read more…]