IMPACT OF FORENSIC ACCOUNTING IN FRAUD DETECTION IN NIGERIA (A CASE STUDY OF UNITED BANK FOR AFRICA, LAFIA)

This research focuses on impact of Forensic Accounting in fraud detection in Nigeria with reference to United Bank for Africa (UBA) Lafia. The main objective of the study is to examine the effect of financial crimes in financial institutions. The study is based on survey and questionnaire which was used to gather information. There is a total population of 48 which was used and sampled since the population is less than 100. The method used in analyzing this study was simple percentage. The researcher discovered from the test that financial crimes, like fraud, embezzlement, and money laundering, causes significant problems for banks. They led to financial losses, damage the reputation of the banks, and erode public trust in the banking system. These crimes can destabilize the financial sector, making it difficult for banks to operate effectively and provide services. The study recommended that the focus on forensic accounting and fraud investigations should be encouraged. It should be introduced into the curriculae of tertiary institutions and their principles taught and made part of the training of cadets in the Economic and Financial Crimes Commission. Government and the EFCC should sponsor those who want to specialize in the field of forensic studies to enable them perform optimally.