THE IMPACT OF MONETARY INCENTIVE ON ORGANIZATIONAL PERFORMANCE.

(A CASE STUDY OF FIRST BANK – PLC. ENUGU)

COMPLETE PROJECT  MATERIAL COST 5000 NAIRA OR $10 , 

. A FRESH TOPIC NOT LISTED ON OUR WEBSITE COST 50,000 NAIRA ( UNDERGRADUATE) OR 100,000 FOR SECOND DEGREE STUDENTS. $500. PLUS  FREE SUPPORT UNTIL YOU FINISH YOUR PROJECT WORK. CONTACT US TODAY, WE MAKE A DIFFERENT. DESIGN AND WRITING IS OUR SKILLED.  DESIGN AND WRITING IS OUR SKILLED.

Note: our case study can be change to suit your desire location . we are here for your success.

                                   ORDER NOW

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANKER SECURITY GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 2 HOURS

How to transfer from your bank account to All  Nigeriabanks

1. Access Bank:
—-*901#

2. EcoBank:
—-*326#

3. Fidelity Bank:
—-*770#

4. FCMB:
—-*389*214#

5. First Bank
—-*894#

6. GTB:
—-*737#

7. Heritage Bank:
—-*322*030#

8. Keystone Bank:
—-*322*082#

9. Sky Bank:
—-*389*076*1#

10. Stanbic IBTC:
—-*909#

11. Sterling Bank:
—-*822#

12. UBA:
—-*389*033*1#

13. Unity Bank:
—-*322*215#

14. Zenith Bank:
—-*966#

15. Diamond Bank
—-*710*555#

To know your BVN, dial
—-*565*0#.

E.g for First bank…   *894 *Amount *Acct. No. #

Please dail d code from d number u used to register d account from the bank

CALL OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE

 

Click here to download our android mobile app to your phone  for more materials and others

 

CHAPTER ONE:

INTRODUCTION

1.1     BACKGROUD OF THE STUDY

1.2     STATEMENT OF PROBLEM

1.3     SCOPE OF STUDY

1.4     OBJECTIVE OF THE STUDY

1.5     LIMITAITON

1.6     DEFINITION

 

CHAPTER TWO

• REVIEW OF LITERATION
• INCENTIVES AND PRODUCTIVITY
• DIRECTLY RELATED LITERATURE ON INCENTIVES
• CONCEPT OF INCENTIVE SCHEME
• TYPES OF INCENTIVE SCHEME
• FIRST BANK OF NIGERIA INCENTIVE SCHEME
• SUMMARY OF THE REVIEW OF THE RELATED LITERATURE

 

CHAPTER THREE

• SUMMARY UP
• RECOMMENDATION

REFERENCE

 CHAPTER ONE

 

1.0     INTRODUCTION

Sometimes, on wonders why some people perform more than others on the job or better still why people work hard.

Man in his natural form is somehow lazy and always tries to gravitate towards his comfort unless some kind of force of reap a positive reward as the becomes the motive for his working towards his set target (motivating factor).

Given the above illustration, management scholars have tries to define what motivation is all about.

The Webster, Encyclopedic Dictionary of the English language (1995), said that motivation relates to the senesced or year etc. that prompts an individual to act.  It has to do with inner state that energizes activates or moves and therefore directs behaviour towards peoples.

In all organization, productivity is beckoned on the design of its incentives variables to balance among various management levels. Still others may not necessarily be motivated with a well packaged incentive scheme . The group believe that money is not every thing. People work for broadly defined rewards. These rewards can be broken down into two general classes know as intrinsic and extrinsic rewards.

Extrinsic rewards include figure pay proportion, complainants etc. and are often independence of the task perform and controlled by other people.

 

• BACKGOUND OF STUDY

Incentives are objectives or goals which are capable of

satisfying what the employee views as need, drive or desire.  It includes a accredited payment for improved productivity as well as environment condition for example, in infrastructures, transportation facilities, canteen services etc. in other words incentives do not only refer to wages payment but other things like job enrichment, free flow of information, gives relationship among junior and senior officers.

A higher performance must be rewarded ore that the lower performance for a felling of equity to prevail.  Given this, money is likely to be motivator variables remuneration has been favored as the means of giving incentives to produce or sell increased volume or to improve the quality of their performance.

Incentives which may be seen as payment or reward for work or services rendered have been a common feature in Nigeria establishments to which first bank of Nigeria Plc. Is not an excerption.  It is therefore, the objective of this that could motivate workers to greater achievement.

Management scholars and other employers of labour will also find this work heavy useful as it would enable them to be vast of the value of incentives to performance of workers, if appropriately applied.  This will in effect bring great efficiency of workers if adequately employed.

First bank of Nigeria Plc., for over a country, has distinguished itself as a leading banking institution and a major contributor to the economic advancement and development of Nigeria.

• THE STATEMENT OF THE PROBLEM

It is fundamentally unrealistic to assure that people would

continued to find. Satisfaction in co-operating in organization’s affairs, if no interest is shown in their individual needs and problems.

It is agreed that in spite of whiteness gains must have been achievement ensuring adequate compensation among workers around the world existing (organization, programs have failed to attract, hold and motivate employees because the

THE IMPACT OF TAX INCENTIVES ON ECONOMIC AND INDUSTRIAL DEVELOPMENT

(A CASE STUDY OF BOARD OF ISNTERNAL REVENUE ENUGU STATE

COMPLETE PROJECT  MATERIAL COST 5000 NAIRA OR $10 , 

. A FRESH TOPIC NOT LISTED ON OUR WEBSITE COST 50,000 NAIRA ( UNDERGRADUATE) OR 100,000 FOR SECOND DEGREE STUDENTS. $500. PLUS  FREE SUPPORT UNTIL YOU FINISH YOUR PROJECT WORK. CONTACT US TODAY, WE MAKE A DIFFERENT. DESIGN AND WRITING IS OUR SKILLED.  DESIGN AND WRITING IS OUR SKILLED.

Note: our case study can be change to suit your desire location . we are here for your success.

                                   ORDER NOW

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANKER SECURITY GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 2 HOURS

How to transfer from your bank account to All  Nigeriabanks

1. Access Bank:
—-*901#

2. EcoBank:
—-*326#

3. Fidelity Bank:
—-*770#

4. FCMB:
—-*389*214#

5. First Bank
—-*894#

6. GTB:
—-*737#

7. Heritage Bank:
—-*322*030#

8. Keystone Bank:
—-*322*082#

9. Sky Bank:
—-*389*076*1#

10. Stanbic IBTC:
—-*909#

11. Sterling Bank:
—-*822#

12. UBA:
—-*389*033*1#

13. Unity Bank:
—-*322*215#

14. Zenith Bank:
—-*966#

15. Diamond Bank
—-*710*555#

To know your BVN, dial
—-*565*0#.

E.g for First bank…   *894 *Amount *Acct. No. #

Please dail d code from d number u used to register d account from the bank

CALL OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE

 

Click here to download our android mobile app to your phone  for more materials and others

 

ABSTRACT

 

          This impact of Task incentives of Economic and industrial development of Enugu state Intends to examine the extent individuals ad companies have been responding to the incentives scheme.  How these incentive have been stimulating and motivating these bodies on employment opportunities.  The researcher intends to examine also how these incentives have been helping existing industrials and companies in expanding their areas of operations in Enugu ad to know if the expected result of these incentives are achieved by the firms who benefit from these relives.

Some of the factors which have motivated the researcher in this study include: weakness of the firm to respond to the desired objective, lack of awareness and the aims for granting the relief in adequacy of incentives to sustain the desired development.

In this work, the researcher looked into textbooks journals, articles and administered questionnaires to practicing personalities which include tables were used in analyzing the data collected, it was revolved that more than 50% of the firms and individuals studied are aware  of the incentive.  A good number of them did not go into production, because of the incentives and more than 50% suggested that more incentives should granted.

 

TABLE OF CONTENTS

 CHAPTER ONE

• Introduction

1.1     Statement of problem

• Purpose of the study
• Research questions
• Significant of the study
• Scope and limitation of the study
• Definition of terms

 

CHAPTER TWO

REVIEW OF LITERATURE

• Introduction

2.1     Criticism of the Tax and incentives scheme

• Argument for tax incentives
• Petroleum profit tax act 1959

 

CHAPTER THREE

RESEARCH METHODOLOGY

• Introduction

3.1     Primary source of data

• Secondary data
• Population studies
• Sample use and size
• Methods of data analysis

 

CHAPTER FOUR

• Data presentation and analysis
  • Research questions analysis

 

CHAPTER FIVE

Discussion of finding, conclusion and recommendation

• Summary of finds

5.1     conclusion

• Recommendation

Bibliography

Appendix I

Appendix II

CHAPTER ONE

 

INTRODUCTION

          The mode by which economic and industries can be effectively and efficiently developed have a problem.  As a result, government charges less tax in order to encourage investments and activities in those areas which helps to improve the production capabilities, active economic growth as well as allocation of resources in social desirable manner.

Tax incentive is the use of government spending and tax policies to influence the level of national income.  Taxation itself is the process or mean by which communities or group are made to contribute part of their income for purpose of administration of the society.

This measure will encourages new enterprises to spring up.  Thereby reducing profit task which encourages production to curb unemployment.  Government should provide employment opportunities, to improve our economy.

The government infrastructure facilities such as roads, water supply, electricity hospital etc more reallocate resources to the public sector charging mix input.  By borrowing rather than taxing, the federal government has a better chance of expanding investment spending which is essential to enlarge our production possibilities and attaining increase in standard of living.

In order hand, these incentive can be targeted on low income earners. This will normally increase their saving which is necessary for higher investment.

Tax incentive also create employment opportunities people which help to fight depression, inflation thereby increasing distribution of income and wealth.

 

1.1     STATEMENT OF THE PROBLEM

          This impact of tax incentive on economic and industrial development using Enugu state as a case study although there are many advantages got were tax incentives are use for economy and industrial development most task experts, consultants individuals and economic analyst ignored or criticized tax incentives  because of the following.

1. The impact of incentives are not effective in the economy
2. The exemption privilege not granted to all firms in an industry which place some companies at a competitive disadvantage
3. Many management of firms, companies lack awareness of the incentive
4. The incentive granted are not adequate to the development and growth of industry

Unwillingness of some companies and

 

 

THE ROLE OF ACCOUNTING IN NATIONAL DEVELOPMENT

A FOCUS ON A DEVELOPING ECONOMYSUCH AS NIGERIA

COMPLETE PROJECT  MATERIAL COST 5000 NAIRA OR $10 , 

. A FRESH TOPIC NOT LISTED ON OUR WEBSITE COST 50,000 NAIRA ( UNDERGRADUATE) OR 100,000 FOR SECOND DEGREE STUDENTS. $500. PLUS  FREE SUPPORT UNTIL YOU FINISH YOUR PROJECT WORK. CONTACT US TODAY, WE MAKE A DIFFERENT. DESIGN AND WRITING IS OUR SKILLED.  DESIGN AND WRITING IS OUR SKILLED.

Note: our case study can be change to suit your desire location . we are here for your success.

                                   ORDER NOW

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANKER SECURITY GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 2 HOURS

How to transfer from your bank account to All  Nigeriabanks

1. Access Bank:
—-*901#

2. EcoBank:
—-*326#

3. Fidelity Bank:
—-*770#

4. FCMB:
—-*389*214#

5. First Bank
—-*894#

6. GTB:
—-*737#

7. Heritage Bank:
—-*322*030#

8. Keystone Bank:
—-*322*082#

9. Sky Bank:
—-*389*076*1#

10. Stanbic IBTC:
—-*909#

11. Sterling Bank:
—-*822#

12. UBA:
—-*389*033*1#

13. Unity Bank:
—-*322*215#

14. Zenith Bank:
—-*966#

15. Diamond Bank
—-*710*555#

To know your BVN, dial
—-*565*0#.

E.g for First bank…   *894 *Amount *Acct. No. #

Please dail d code from d number u used to register d account from the bank

CALL OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE

 

Click here to download our android mobile app to your phone  for more materials and others

 

TABLE OF CONTENT

• INTRODUCTION
  • BACKGROUND OF THE STUDY
  • PURPOSE OF THE STUDY
  • SIGNIFICANCE OF THE STUDY
  • STATEMENT OF THE PROBLEM
  • HYPOTHESIS FORMULATION
  • SCOPE AND LIMITATION OF THE STUDY
  • DEFINITION OF TERMS

 

 

 

CHAPTER TWO

• Review of related literature
  • The role of accounting in government and control of public enterprises.
  • Analysis and interpretation of financial statements.
  • Budget and budgetary control
  • Management and control of public concern.
  • Public enterprises and inefficiency
  • Public enterprises and subsidies
  • Waste of public resources
  • Accountability and social objectives responsibility.

 

CHAPTER THREE

• Introduction
  • Method of data collection
  • Sample & Sampling
  • Questionnaire administration
  • Treatment of data for analysis

 

CHAPTER FOUR

• Presentation and analysis of date
  • Presentation
  • Analysis
  • Test of Hypothesis/Interpretation of Result.

CHAPTER FIVE

• Summary of findings conclusions and recommendations
  • Findings
  • Conclusions
  • Recommendations
  • Bibliography
  • Appendix

CHAPTER ONE

 

• Background of the study.

The basic economic problem that confronts an under developed or a developing  country and especially the new independent ones is how to attain within a relatively short period, a notable increase in the rate of economic growth which is envisaged will bring it to the level of perpetual real income comparable to those of more admired economics of the world. In order to attain this oval, the country would have to ;

1.provide those basic government services especially in education, public health and transport. These services will serve as fertile soil to advancing the nation’s economy.

2. Stimulate a higher rate of capital formation in production facilities either in government or private sectors. The first accomplishment requires transportation on needed factors or resources to the governmental ;sector of the economy for the production of those services or facilities required by the entire populace.. The second accomplishment required transfer of resources to capital formation either strictly in the private sector or through the governmental sector.

 

These resources may come from

1. outside the control
2. present use for consumption
3. present use in production of capital of or types regarded as not contributing to economit growth.
4. Idle or partially idle resources primarily manpower. The above four sources off varying opportunity growth and it actually does it only by transfer existing resources to the appropriate quarter and profitable application of these to production attains within that relatively short period a level of standard of living comparable to those of other more advanced countries of the world.

 

Accounting come in as the tool that measures the profitability/viability a project with an economic system.

Glanlier (1976) defines accounting as the systematic collection, summarization, and analysis and reporting of data in a form suitable and under stable to prospective users.

Generally, it involves some other related discipline as budgetary control taxation, cost and management accounting, financial management, auditing and quantitative techniques.

Since development project entails projection into the future, it is essential that public officers ;and employees in the private sector appreciat the need a transaction and necessary statistics as to enable the proper ;evaluation of past. Records with what obtains presently in order to reasonably project into the future.  Some of the practical ways in which accounting can be and is known to have been used not only for a decision making but also importantly to achieve desired results include.

1. Ecnomic planning
2. Capitalformation
3. Accountability
4. Taxation
5. Accounting for social purposes.

 

Accounting records provide information that may be used within the business and which may be relied on by businessmen while making investment decision.  The problem with most potential investors in the development nations is they are mostly illiterates and therefore required the services of any accountant and financial analyst to help access possible areas of investment. Budget implementation is another vital area where accounting knowledge is essential.

Most budgets are stated in accounting formula and their implementation will require that knowledge that will enable officials read  the budget as it affects their sector and even reflect on how other sectoral outlay may affect them.  It is due to the perennial lags in our civil service that the researcher decided to carry out an investigation into what are likely lags in the wheel program or growth of the civil service and thereby the nation.  The private sector employees are also caught  in this lapses but however, there seems to be more commitment on their part due to obvious reasons of ownership and direct supervision by entrepreneurs.  The proper functioning of financial system of a company determines to a good extent the viability of her economic structure.  That is why the researcher decided to show sets of accounts viz (profit and loss acco9unt and   value added statement) from unpetrol Nigeria PLC Annual Report and Account 1999.  This financial statements help users of such statements ascertain the viability of the company and it is prepared by chartered Accountant.

 

• Purpose of the study

The purpose of this project is aimed at identifying.

-The role of an accou

CO- OPERATIVE AUDIT AND CONTROL

COMPLETE PROJECT  MATERIAL COST 5000 NAIRA OR $10 , 

. A FRESH TOPIC NOT LISTED ON OUR WEBSITE COST 50,000 NAIRA ( UNDERGRADUATE) OR 100,000 FOR SECOND DEGREE STUDENTS. $500. PLUS  FREE SUPPORT UNTIL YOU FINISH YOUR PROJECT WORK. CONTACT US TODAY, WE MAKE A DIFFERENT. DESIGN AND WRITING IS OUR SKILLED.  DESIGN AND WRITING IS OUR SKILLED.

Note: our case study can be change to suit your desire location . we are here for your success.

                                   ORDER NOW

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANKER SECURITY GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 2 HOURS

How to transfer from your bank account to All  Nigeriabanks

1. Access Bank:
—-*901#

2. EcoBank:
—-*326#

3. Fidelity Bank:
—-*770#

4. FCMB:
—-*389*214#

5. First Bank
—-*894#

6. GTB:
—-*737#

7. Heritage Bank:
—-*322*030#

8. Keystone Bank:
—-*322*082#

9. Sky Bank:
—-*389*076*1#

10. Stanbic IBTC:
—-*909#

11. Sterling Bank:
—-*822#

12. UBA:
—-*389*033*1#

13. Unity Bank:
—-*322*215#

14. Zenith Bank:
—-*966#

15. Diamond Bank
—-*710*555#

To know your BVN, dial
—-*565*0#.

E.g for First bank…   *894 *Amount *Acct. No. #

Please dail d code from d number u used to register d account from the bank

CALL OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE

 

Click here to download our android mobile app to your phone  for more materials and others

 

ABSTRACT

Co –operative Audit and Control has been known to be basic  in Country’s economic growth.

In this respect, little or no attention is been given to this venture, Co –operative Audit and Control.

For a country to achieve its desired economic growth development and equipment allocation of revenue, its annual auditing is very necessary .moreover, once our respective co –operative society is well audited in a free and fair manner, frequent and inflation of assets would de detected.

But, the lack and inadequacy of this very concept has given a country a misconception in its dealing with the existing co –operative societies.

Finally, this research work would go a long way to reduce this said predicament by giving an insight into the necessary values and importance attached to it.  Thus, to audit our respective co operative societies, such problems would be definitely eliminated.

 

 

TABLE OF CONTENTS

CHAPTER ONE

• CO –OPERATIVE ORGANISATIONAL AUDIT AND CONTROL                                                                                 1
  • INTRODUCTION 1
  • THE PROBLEM OF AUDITING AND CONTROL 3
  • PURPOSE OF THE STUDY 7
  • SIGNIFICANCE OF THE STUDY 7
  • DEFINITION OF TERMS 8

CHAPTER TWO

• IMPORTANCE AND VALUES OF CO-OPERATIVE AUDIT

2.1     MEANING OF CO-OPERATIVE AUDIT                       10

• DETECTION OF ERRORS                     11
• DETECTION OF FRAUDULENT ACT 13
• EXTENT AND CONSEQUENCES OF NON 17 ORGANISATIONAL AUDIT
• ECONOMIC PREDICAMENT 17
• LACK OF JOB OPPORTUNITIES 19

CHAPTER THREE

• SUMMARY OF FINDINGS, RECOMMENDATION AND CONCLUSION

3.1     SUMMARY OF FINDINGS                                             23

• RECOMMENDATION 23
• CONCLUSION 24

SELECTED BIBLIOGRAPHY                                         25

 

 

CHAPTER ONE

• CO-OPERATIVE ORGANISATION AUDIT AND CONTROL

1.1   INTRODUCTION

A Co-operative is a union made up of a group of people and an enterprise. It is made up of a group of people with common goals, who run an enterprise in order to achieve their aim objective.  There is no co-operative without a group of persons and an enterprise through which they achieve their aims.

The enterprise of a co-operative is only a way through which the group of member achieve their aims. It is an instrument of achieving the socio economic goals of the members. A co-operative has two demands, that means that is  made up of both a group of individuals and enterprise.

The co-operative is a sociological group which possess common interest, goals, aims and objectives for all members of the group. The group of persons making up the co-operative is on a long –term basis. It is relatively permanent and of temporary or on idle basis. These are different roles to be played within the content of the group which must be mutual in the sense that they complement each other.

There may be individualistic or collective role.  This means that these are some roles which individuals are expected to play while these are others which should be carried on by the group. Example of group role is election at the group. Example of group role is election at this general meeting. These will be common values within the group.  These means that certain action of behaviors will be regarded as positive of negative within the group.  There must be some common understanding about what actions and reactions that are acceptable or not acceptable.  This is a way of translating its bye –law into norms which are based on common values and acceptable to all.  These norms could represent the standard norms which stipulate the way of carrying out individual and collective roles.

For a group to exist in the long term, these must be a two way communication:  between the individuals to know the rules of changes in the affairs of the group.  If these is no communication, the group will reek down.

Every group should have a structure through which it functions which lead to the formation of a hierarchy. A group in which everybody is equal will not work. Some people must be higher while others will be lower than others. For instance, there will be the president, secretary, members of management committee etc.  the group must also be identifiable.  That is, it must have some characteristics which will make it easy for it to be identified within of outside the group. Each of these points will help in achieving the goals of the group.

 

1.2   THE PROBLEM OF AUDITING AND CONTROL

The problems of co-operative organization and control could be traced to many factors.

In the first place, to audit a co-operative organization the members should know actually through education the values and benefits derived from it. Illiteracy among the members is a big backwardness facing the organisation.  The great importance of co-operative education cannot be  ov

FRAUD PREVENTION DETECTION AND CONTROL IN NIGERIA BANKING INDUSTRY

A CASE STUDY OF HABIB NIGERIA BANK LIMITED ENUGU

COMPLETE PROJECT  MATERIAL COST 5000 NAIRA OR $10 , 

. A FRESH TOPIC NOT LISTED ON OUR WEBSITE COST 50,000 NAIRA ( UNDERGRADUATE) OR 100,000 FOR SECOND DEGREE STUDENTS. $500. PLUS  FREE SUPPORT UNTIL YOU FINISH YOUR PROJECT WORK. CONTACT US TODAY, WE MAKE A DIFFERENT. DESIGN AND WRITING IS OUR SKILLED.  DESIGN AND WRITING IS OUR SKILLED.

Note: our case study can be change to suit your desire location . we are here for your success.

                                   ORDER NOW

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANKER SECURITY GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

OR
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ABSTRACT

This work is all about fraud prevention, detection and control in the banking sector of Nigeria.  This study has Habb Nigeria bank Limited, Enugu as a case study.

From the study, such factors like poor staffing, poor remuneration, weak internal control among other factors contributed immensely to the incidence of fraud in banks.  The study revealed that the most effective way of preventing fraud in banks is through an effective in-built control mechanism.  This internal control mechanism is designed in such a way to designate responsibilities so that a staff’s activities are checked by another which is in turn checked by a higher officer.  This calls for a strong and independent inspection and audit department in every bank comprising of staff with impeccable integrity.

This study applied necessary data collection techniques such as questionnaires.

 

LIST OF TABLES

• Frauds in Nigerian banks (1999 – 2003)
• Is Habib (Nig) bank often defrauded by fraudsters
• Are there adequate in-built control measures to check mate fraud
• Are members of staff often involved in fraudulent activities
• Are staff members adequately remunerated
• Does poor staffing contribute to fraud perpetration
• Are there enough punishment for staff who is involved in fraud
• Does government financial polices help to combat fraud
• Are staff members adequately exposed to workshop and seminars on fraud
• Does Habib banking method market vulnerable to fraud
• Is the management board of Habib (Nig) bank Ltd efficient in fraud control
• Have Habib bank successfully recovered any money fraudulently withdrawn by fraudsters

 

TABLE OF CONTENTS

CHAPTER ONE

Introduction                                                                                 1

• Back of the study 1
• Statement of problems 4
• Objectives of the study 5
• Scope of the study 5
• Research questions 6
• Significance of the study 6
• Definition of terms 8

CHAPTER TWO

2.0     Literature review                                                                10

• The causes of fraud in banking sector 10
• The effect of frequent fraud occurrence

in the banking industry                                                      15

• The relationship between banking practices

and fraud perpetration                                                       16

• The impact of banks and government’s

effort on fraud elimination                                                 18

2.5     Definition of fraud                                                             21

 

CHAPTER THREE

Research Methodology                                                                26

• Research design 26
• Area of study 28
• Population of study 28
• Sample and sampling procedure 29
• Instrument for data collection 29
• Reliability of the research instrument 29
• Validity of the research instrument 29
• Method of administration of the research instrument 30
• Method of data analysis 31

 

CHAPTER FOUR

4.0     Data presentation and results                                             32

• Research Question 1 33
• Research Question 2 34
• Research Question 3 35
• Research Question 4 36
• Research Question 5 37
• Research Question 6 38
• Research Question 7 39
• Research Question 8 40
• Research Question 9 41
• Research Question 10 42
• Research Question 11 43

 

CHAPTER FIVE

Discussion                                                                                   46

• Discussion of results 46
• Conclusions 47
• Implications of the results 48
• Recommendations 48
• Suggestions for further research 49
• Limitation of the study 50

Reference                                                                           51

Appendices                                                                        53

CHAPTER ONE

INTRODUDCTION

1.1     BACKGROUND OF THE STUDY

Fraud is a `cankerworm’ that has eaten deep into the nation’s fabrics.  It is visible in all the sectors of the economy.  In the financial sector, fraud is an `offshoot’ of financial crimes which covers offences, which are securities, related and involves the movement, transfer or use of monetary instruments in circumstances, which render such acts unlawful.  The above definition can be extended to include any dishonest, unethical or unprofessional conduct which results in financial loss to someone or institution for the benefit of another.  Financial fraud include but are not limited to the following, chequekiting, loan fraud, advance fee fraud, securities fraud, account opening fraud, insiderdetling clearing fraud, computer-fraud, telex fraud and money laundering.

Fraud as stated earlier is not peculiar to the banking industry but cuts across other sectors of the economy.  Frauds in banks are not new, infact, it is as old as the industry itself.  But in recent times, the practice has assumed an alarming proportion.  Sometimes, the act is carried out by outsiders while in most cases there is a collaborated effort between outsiders and staff to perpetrate this financial crime.

Against this background, government in its effort to combat fraud and other financial crimes has set up various monitoring and control commissions such as the independent corrupt practices and other related offences commission (ICPC), which is the apex body, saddled with the responsibility of fighting corruption and other related offences.  The ICPC was inaugurated on the 20^th of September 2002.  The act establishment this commission in section 3 provides for the independence of the commission and gives the chairman authority to rescue order for the control and general administration of the commission and financial crimes commission (EFCC) which was established in 2002.  Another is the National Drug Law Enforcement Agency (NDLEA).

HISTORY ON MY CASE STUDY

HABIB NIGERIA BANK LIMITED

Habib Nigeria bank Ltd was incorporated as a private limited liability company in November 1982.  It was granted banking license on 7^th March 1983 and commenced operation on 16^th May of same year.

The objectives of the bank have been to introduce and maintain a banking style with a difference in Nigeria style with a difference in Nigeria and develop a sound bank with branch network in all the states of the federation and the capital territory, Abuja.  It also has it objective to provide financial and technical assistance to the public and private sector organizations within the framework of government of Nigeria’s plan and policies.  It also mobilizes deposits by encouraging savings through the introduction of effective banking services and effective advertising programme. The main thrust of the bank’s philosophy is the provision of quality service with emphasis not only on the enhancement of social and moral standards but also on the need to be responsive to the requirement and aspirations of the communities in which they serve.  The bank has its of banking as the values of trust, integrity and the provision of financial security.  This research work will look at the bank’s operational system with the view of determining the frequency of fraud occurrence, fraud detection, prevention and control measures in the bank.

Habis Nigeria bank Ltd as a case study in this research work does not in any way signify that that the bank has fraud infection but this is to help one form on opinion on what may be obtained in other banks but not in any way referring to banks with dubious staff.  During the course of this study, it was revealed that Habib Nigeria bank Ltd has received series of congratulatory letters from the central bank of Nigeria on its operational system and in built mechanism to check mate fraud and other related financial crime.

The board of the bank is presently composed of seven (7) Pakistanis with Mr. L.K. Abiola as the chairman while Mr. Akin Kekere-Ekun is the managing director and chief executive.  The bank, which started operations with 3 branches in May 1983, now boasts with 59 branches in 35 states and the federal capital territory.

 

1.2     STATEMENT OF PROBLEMS

For any solution to be preferred for a problem must be properly identified.  Fraud in the banking sector is not committed by the system but people in the system.  For fraud to be perpetrated, there are working conditions and practices that encourage it.  Without stating these problems an