Browsing by Author "Naburgi, Musa Mohammed"

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    BOARD CHARACTERISTICS AND FINANCIAL STATEMENT FRAUD IN LISTED DEPOSIT MONEY BANKS IN NIGERIA
    (Department of Accounting, Nasarawa State University Keffi, 2021-06-06) Aza, Solomon Mangba; Naburgi, Musa Mohammed
    The study examines the e ffect of board characteristics on financial statement fraud of listed deposit money banks in Nigeria. Ex-post facto research design was adopted using panel data of ten years (2010-2019) to explore the effect of independent variables (board size, board independence, and board gender diversity) on the dependent variable (financial statement fraud). The population of the study is the 14 listed deposit money banks in Nigeria quoted as at 2019. Purposive sampling method was used to select 13 banks. The study made use of secondary data from banks ’ annual reports and accounts of the listed deposit money banks in Nigeria, and the CBN Bulletin. Logistic regression was used and found out that board independence and board gender diversity are significant negatively related to financial statement fraud of quoted DMBs in Nigeria. Conversely, board size indicates insignificant positive relation to financial statement fraud. Thus the study concludes that, board characteristics are negatively related to financial statement fraud of quoted DMBs in Nigeria. It is recommended among others that, quoted DMBs in Nigeria should insist on increasing the number of non-executive directors in the board for more transparency and accountability. Since outside directors are more active and determined to ensuring that transparency and accountability is at work.
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    EFFECT OF BOARD CHARACTERISTICS ON EARNINGS MANAGEMENT OF QUOTED CONSUMER GOODS IN NIGERIA
    (Department of Accounting, Nasarawa State University, Keffi, 2021-06-01) Barde, Barnabas E.; Mohammed, Munirat Nma; Naburgi, Musa Mohammed
    This study examines the effect of f board characteristics on earnings management of quoted consumer goods in Nigeria. The study utilizes ex-post facto research design as panel data for the period of ten (10) years spanning 2010 through 2019 were used. The population of the study is the consumer goods in Nigeria, but purposive sampling method was used to select 18 consumer goods in Nigeria with consistent data set for the study period. Panel regression analysis was used and it was found that, both board independence and size have significant negative effect of earnings management. However, insignificant negative effect of board gender diversity on earnings management was found. It is concluded that, financial reports misrepresentation in the quoted consumer goods in Nigeria, decreases with increase in the number of directors in the board, and the number of non-executive directors. Based on these it is recommended among others that, quoted consumer goods companies in Nigeria should ensure that the number of directors in the board is enough to help make good decision in relation to quality of financial reports to be presented by the companies. This is to say that, as good and capable hands (Directors) are committed to the board, the board is said to be more effective since talents will be synchronised to make the most of good decisions.
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    EFFECT OF DIVIDEND PAYOUT ON FINANCIAL PERFORMANCE OF QUOTED DEPOSIT MONEY BANKS IN NIGERIA
    (Department of Business Administration, Nasarawa State University Keffi, 2015-06-05) Barde, Barnabas E.; Mallami, Keffi Muhammad; Naburgi, Musa Mohammed
    In recent times, Nigerian banks payout dividends to their shareholders when they did not have enough profits to do so (stable dividend). They did that to encourage potential investors that they were doing well. This had degenerated to great problem that most of these banks had to merge or acquire by other banks. This study provided empirical evidence on the effect of dividend payout on stock prices andfuture earnings growth of quoted Deposit Money Banks in Nigeria. The study adopted descriptive research design using Ordinary Least Square Method of Regression on cross sectional time senes data collected from the annual reports of the sampled quoted bank for the period spanning through 2001-2013. The findings of the study revealed positive but insignificant effect of dividend payout on stock prices and one year future earnings growth of listed deposit money banks in Nigeria. In the case of Dividend payout and three year earnings growth, a negative and insignificant relationship is revealed. The major finding is that dividend given alone cannot increase the stock price and future earnings. Thus, the study concluded that, payment of more dividends has no significant influence on stock prices andf uture earnings growth of listed banks in Nigeria. Therefore, retaining dividends forf urther investment has ag reater effect on stock prices and future earnings growth in Nigeria. This inspired the study recommendation for given priority to dividend policy decisions in corporate governance in Nigeria among others.
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    EFFECT OF FINANCIAL INCLUSION ON ECONOMIC GROWTH IN NIGERIA
    (Department of Accounting, Nasarawa State University Keffi, 2020-12-12) Abdulkarim, Shaibu Alhassan; Naburgi, Musa Mohammed; Mogbojuri, Andrew Ademola
    This study examined the effect of financial inclusion in terms of the number of commercial bank branches in Nigeria, credit to private sector, demand deposit from rural areas, loans to rural areas and commercial bank liquidity ratio on economic growth provided by gross domestic product in Nigeria. Ex-post facto research design was used for the study. Regression analysis was used on time series data collected from Central Bank of Nigeria (CBN) Statistical Bulletin for the period spanning 1996 through 2017 and found out that, the number of commercial bank branches in Nigeria positively relates to economic growth of the countiy with statistical significance. It was also found that, credit to private sector in Nigeria has a significant positive effect on economic growth. However, an insignificant positive effect of demand deposits from rural areas on the economic growth was found. The study recommended among others that CBN should bring to the fore a policy that will encourage the opening of bank branches of Deposit money banks in the rural areas especially in all local governments, and in cities and towns of Nigeria as well as making the process of accessing loans by rural dwellers, the small, micro and medium enterprises less cumbersome and difficult
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    Effect Of Internal Control System on Fraud Control in Federal Ministries in Nigeria
    (Department of Public Administration, Nasarawa State University Keffi, 2019-11-20) Naburgi, Musa Mohammed
    The study examines the effect of internal control system in terms of control environment, control activities, risk management, information and communication, and monitoring on fraud control of federal ministries of finance, works and environment in Nigeria. The study adopts survey design as questionnaire was administered to the selected sampled respondents of 384 from the population of 6125. It was found from the regression results and analysis that, control activities, risk management, information and communication and monitoring to be significant positively related to fraud control in federal ministries of finance, works and environment in Nigeria. However, an insignificant positive effect of control environment on fraud control in federal ministries of finance, works and environment in Nigeria was found. Thus the study concludes that internal control system is significant and positively related to fraud control in federal ministries of finance, works and environment in Nigeria. The study recommends among others that, federal government should make sure that different persons make authorizations and approvals, verifications, reconciliations, reviews of performance, security of assets, and controls over information systems. This means that, there should be segregation of duties among the staffers of ministries. No one person should be allowed to make authorization, approval, and verifications.
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    Government Education Expenditure and Economic Growth in Nigeria
    (Department of Public Administration, Nasarawa State University Keffi, 2019-11-20) Naburgi, Musa Mohammed; Abdul, Zainab Hussaini; Mainoma, Mohammed Iliyasu
    This study examines the effect of government expenditure in education in terms of recurrent and capital expenditure on economic growth in Nigeria. The study makes use of ex-post facto research design. The study makes use of secondary data to achieve the set out objectives highlighted. Data was extracted from the Bulletin of CBN and NBS which covers the period of thirty four years from 1986 to 2019. Ordinary Least Squares Method of Regression (OLS) was used and found out that, government recurrent expenditure in education is positively related to economic growth of Nigeria with statistical significance. Government capital expenditure in education also is positively related to economic growth of Nigeria with statistical significance. The study concludes that, government expenditure in education is positive and significantly related to economic growth. The study recommends among others that, Nigeria government should make efforts towards ensuring that, salaries, wages, bonuses, allowances and others recurrent benefits are increased with a view to improving the growth of the Nigerian economy by making the productive sector works. This is to say that, when sallies and allowances are increased, the increased money is usually used in active economic activities of the country.
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    INTERNALIZATION OF ACCOUNTING STANDARDS
    (The Department of Business Administration, Nasarawa State University Keffi, 2017-12-29) Naburgi, Musa Mohammed; Oke, Olubode Oladayo; Musa, Hassan; Baba, Ayuba Bogoro; Haruna, Joel
    The International accounting literature pays much attention to the clustering of national accounting systems of various countries based on similar financial reporting characteristics. This study arges that the existing models that cluster countries are substantially incomplete and misleading due to the recent convergence efforts that have taken place. The study identifies the factor that may be causing differences in both the de jure and de factor aspects of comparability in financial reporting across countries in the post-convergence period. The study arges that national and International regulator need to work towards reducing the differences across countries to achieve the objectives of accounting convergence.
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    MICROFINANCE INSTITUTIONS CREDIT TERMS AND THE FINANCING OF MICRO ENTERPRISES IN NASARAWA STATE
    (Banking and Finance Department, Nasarawa State University, Keffi, 2015-10-10) John, Adigizey D.; Naburgi, Musa Mohammed
    This study examines the effects of Microfinance Institutions Credit Terms on Financing of Micro Enterprises (MEs) in Nasarawa State. Descriptive research design was adopted using Ordinary Least Square Method of Regression on data collected through structured closed ended questionnaires of 5 point Likert scale format from the sampled MEs in Nasarawa State, using stratified and convenient sampling methods. The findings of the study reveal that, cost of money is negatively related to MEs willingness to borrow in Nasarawa State with statistical significance. In the case of collateral, a significant positive effect on access to finance is shown. The study concludes that, MEs accessibility to finance is a function of collateral security they present. It is also concluded that, MEs are discouraged to borrow when interest rate is high. The study recommends among others that, Government should endeavour to provide a scheme that can assist the MEs in the state to access loans without stringent collateral requirements.
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    MONETARY POLICY INSTRUMENTS AND FINANCIAL PERFORMANCE OF QUOTED DEPOSIT MONEY BANKS IN NIGERIA
    (Department of Accounting, Nasarawa State University, Keffi, 2021-06-01) Naburgi, Musa Mohammed; Mainoma, Mohammed Iliyasu
    This study examines the effect of monetary policy instruments in terms of open market operation (OMO), cash reserve ratio (CRR), and monetary policy rate (MPR) on financial performance (ROA) of quoted deposit money banks (DMBs) in Nigeria. Expost facto research design was adopted using panel data collected from the financial reports of the sampled quoted banks and the CBN Bulletin for the period of 10 years spanning 2010 through 2019. Panel regression analysis was used and it was found that; OMO has an insignificant negative effect on ROA, while CRR has a significant negative effect on ROA. In the case of MPR, an insignificant positive effect on ROA was found. The study concludes that monetary policy is negatively related to financial performance of quoted DMBs and recommended among others that, CRR should be reduced by the CBN on quoted DMBs with a view to improving money in circulation for improved liquidity base in the banks and consequence increase in the credit level for increase in profitability.
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    MONEY LAUNDRING AND INFLATION RATE IN NIGERIA
    (Department of Public Administration, Nasarawa State University Keffi, 2020-03-01) Abdul, Zainab Hussaini; Adamu, Abdul ; Naburgi, Musa Mohammed
    Money laundering has been an issue of serious concern to many emerging and under developed economies around the world and this account for why Nigeria come up with laws as well as rules to protect its economy from this illicit act. The money laundering act in Nigeria was enacted in 2011 for this purpose. But despite these actions, the rate of this laundering transaction has been on the high. That is why this study aim is to examine the effect of money laundering on inflation rate in Nigeria. In other to achieve this objective the study considered launder funds and inflation rate for the period of eight years (2012- 2019). Expo-facto research design was adopted for this study while, the date on the variable of study were obtain from Basel accord data and CBN statistical bulletin for the period under review, ordinary least square regression analysis was conducted with the aid of EViews statistical package. The result of this study proves that MONL has a negative effect on inflation rate in Nigeria. Thus, the study concludes that money laundering reduces inflation rate in Nigeria, because it is revealed that the relationship between money laundry and inflation is negative. The recommendation is that the CBN should also embark on a regular anti-money laundering audit of all Banks to ensure that commercial banks comply with its guideline.
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    RELATIONSHIP BETWEEN TRANSFER PRICING AND TAX HAVENS: AN EXPLORATORY APPROACH
    (Department of Accounting, Nasarawa State University, Keffi, 2017-12-11) Doshiro, Musa Umar; Naburgi, Musa Mohammed
    Transfer pricing mechanism is the most frequently used instrument for the transfer ofthe tax base from countries with high tax to low tax countries. In the context of transfer pricing, all transactions should be made only respecting the principle of market value (Arm's length principle). Transfer pricing is one ofthe most important issues ofnational and international taxation. However, "tax haven ” refers to those jurisdictions where lax burden is very low or nonexistent. In the same time, both in the scientific literature and in practice, the tax havens are also called “tax shelters ” because of the advantages they offer. This study is based on conceptual work which is targeted at reviewing literature to be able to know area for further studies.
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    SPECIFIC DETERMINANTS OF CAPITAL ADEQUACY RATIO OF QUOTED DEPOSIT MONEY BANKS IN NIGERIA
    (Department of Entrepreneurship Studies, Nasarawa State University, Keffi., 2021-01-28) Oyedokun, Godwin Emmanuel; Naburgi, Musa Mohammed; Paul, Vincent
    The study examines the effect of specific determinants of capital adequacy ratio of quoted deposit money banks in Nigeria. Ex-post facto research design was adopted using panel data of ten years (2010-2019) to explore the effect of independent variables (credit risk, liquidity, leverage, profitability, bank size, and loan growth) on the dependent variable (capital adequacy ratio). The population of the study is the 14 banks quoted as at 2019. Purposive sampling method was used to select all banks provided they have consistent data set. Thus 13 quoted banks were used. The study made use of secondary data from banks’ annual reports and accounts of the listed deposit money banks in Nigeria, and the CBN Bulletin. Panel regression was used and found out that, credit risk is significant positively related to Capital Adequacy Ratio of quoted DMBs in Nigeria. Liquidity is insignificant and positively related to Capital Adequacy Ratio of quoted DMBs in Nigeria. Financial leverage is insignificant and negatively related to Capital Adequacy Ratio of quoted DMBs in Nigeria. Profitability is significant and positively related to Capital Adequacy Ratio of quoted DMBs in Nigeria. Bank size is insignificant and positively related to Capital Adequacy Ratio of quoted DMBs in Nigeria. Loan growth is significant and positively related to Capital Adequacy Ratio of quoted DMBs in Nigeria. This implies that, CAR of quoted DMBs in Nigeria increases significantly as loan growth increases. Based on the findings of the study, it is concluded that, increase in default or nonperforming loans increases the degree and extent of capital adequacy ratio of quoted deposit money banks in Nigeria to serve as a buffer to any negative shock resulting from nonperforming loans and advances. The study recommends among others that, Quoted DMBs in Nigeria should try to put in place more stringent rules that will ensure all loans and advances to be given out to customers are adequately perused and assessed to avoid and reduce issue of nonperforming loans resulting from default. This will go a long way in reducing default risk such that money kept as CAR will be reduced in order to increase the liquidity of the banks for better profits