The government's integrated financial management information system is essential to improve fraud prevention in Nigeria. One of the most challenging obstacles confronting government sector has always been fraud prevention. According to studies, the integrated financial management information system has aided government budget planning, execution, and monitoring, as well as tracking, recording, and reporting revenues and expenditures in government offices and parastatals in other developing economies, in order to close any gaps and reduce the risk of fraud. The study examined the effect of government integrated management information system on fraud prevention in Nigerian. Survey design was adopted. One hundred and Thirty-Seven (137) copies of questionnaires were administered to government employees in the selected agencies and one hundred and thirty-three (133) were returned. Descriptive and inferential (Multiple regression) were used to analyse the data. The result of the finding shows that integrated financial management information has significant effect on fraud prevention in Nigerian public sector. Adj. R2= 0.64, F- statistics 35.862, P- value <0.000. The study concluded that integrated financial management information system has significant effect on fraud management. The study recommended that the federal government should maintain the integrated financial management system so that when power changes, they will continue to use the system that is already in place to avoid stagnating economic growth and development.
| Published in | Journal of Finance and Accounting (Volume 10, Issue 3) |
| DOI | 10.11648/j.jfa.20221003.11 |
| Page(s) | 151-159 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2024. Published by Science Publishing Group |
GIFMIS, Fraud, Crime, Fraud Prevention, Financial Management, Government, Budget
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APA Style
Owolabi Sunday Ajao, Odunlade Olajire Aremu, Izang Julia Ufuoma. (2022). Government Integrated Financial Management Information System and Fraud Prevention in Nigeria. Journal of Finance and Accounting, 10(3), 151-159. https://doi.org/10.11648/j.jfa.20221003.11
ACS Style
Owolabi Sunday Ajao; Odunlade Olajire Aremu; Izang Julia Ufuoma. Government Integrated Financial Management Information System and Fraud Prevention in Nigeria. J. Finance Account. 2022, 10(3), 151-159. doi: 10.11648/j.jfa.20221003.11
AMA Style
Owolabi Sunday Ajao, Odunlade Olajire Aremu, Izang Julia Ufuoma. Government Integrated Financial Management Information System and Fraud Prevention in Nigeria. J Finance Account. 2022;10(3):151-159. doi: 10.11648/j.jfa.20221003.11
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Download@article{10.11648/j.jfa.20221003.11,
author = {Owolabi Sunday Ajao and Odunlade Olajire Aremu and Izang Julia Ufuoma},
title = {Government Integrated Financial Management Information System and Fraud Prevention in Nigeria},
journal = {Journal of Finance and Accounting},
volume = {10},
number = {3},
pages = {151-159},
doi = {10.11648/j.jfa.20221003.11},
url = {https://doi.org/10.11648/j.jfa.20221003.11},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20221003.11},
abstract = {The government's integrated financial management information system is essential to improve fraud prevention in Nigeria. One of the most challenging obstacles confronting government sector has always been fraud prevention. According to studies, the integrated financial management information system has aided government budget planning, execution, and monitoring, as well as tracking, recording, and reporting revenues and expenditures in government offices and parastatals in other developing economies, in order to close any gaps and reduce the risk of fraud. The study examined the effect of government integrated management information system on fraud prevention in Nigerian. Survey design was adopted. One hundred and Thirty-Seven (137) copies of questionnaires were administered to government employees in the selected agencies and one hundred and thirty-three (133) were returned. Descriptive and inferential (Multiple regression) were used to analyse the data. The result of the finding shows that integrated financial management information has significant effect on fraud prevention in Nigerian public sector. Adj. R2= 0.64, F- statistics 35.862, P- value <0.000. The study concluded that integrated financial management information system has significant effect on fraud management. The study recommended that the federal government should maintain the integrated financial management system so that when power changes, they will continue to use the system that is already in place to avoid stagnating economic growth and development.},
year = {2022}
}
TY - JOUR T1 - Government Integrated Financial Management Information System and Fraud Prevention in Nigeria AU - Owolabi Sunday Ajao AU - Odunlade Olajire Aremu AU - Izang Julia Ufuoma Y1 - 2022/05/19 PY - 2022 N1 - https://doi.org/10.11648/j.jfa.20221003.11 DO - 10.11648/j.jfa.20221003.11 T2 - Journal of Finance and Accounting JF - Journal of Finance and Accounting JO - Journal of Finance and Accounting SP - 151 EP - 159 PB - Science Publishing Group SN - 2330-7323 UR - https://doi.org/10.11648/j.jfa.20221003.11 AB - The government's integrated financial management information system is essential to improve fraud prevention in Nigeria. One of the most challenging obstacles confronting government sector has always been fraud prevention. According to studies, the integrated financial management information system has aided government budget planning, execution, and monitoring, as well as tracking, recording, and reporting revenues and expenditures in government offices and parastatals in other developing economies, in order to close any gaps and reduce the risk of fraud. The study examined the effect of government integrated management information system on fraud prevention in Nigerian. Survey design was adopted. One hundred and Thirty-Seven (137) copies of questionnaires were administered to government employees in the selected agencies and one hundred and thirty-three (133) were returned. Descriptive and inferential (Multiple regression) were used to analyse the data. The result of the finding shows that integrated financial management information has significant effect on fraud prevention in Nigerian public sector. Adj. R2= 0.64, F- statistics 35.862, P- value <0.000. The study concluded that integrated financial management information system has significant effect on fraud management. The study recommended that the federal government should maintain the integrated financial management system so that when power changes, they will continue to use the system that is already in place to avoid stagnating economic growth and development. VL - 10 IS - 3 ER -
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