FORENSIC ACCOUNTING, FRAUD DETECTION AND PREVENTION IN DEPOSIT MONEY BASNKS IN NIGERIA (A CASE STUDY OF UBA PLC)

ABSTRACT The study examine the forensic accounting as a tool for fraud detection and prevention in deposit money banks in Nigeria. The population focus on UBA bank in Nigeria. Thus, the Study sample is selected within Offa local Government area, Kwara State, Nigeria. Data were collected from the primary sources specifically with the use of questionnaire. The responses to the questionnaire were analyzed by the application of regression analysis Method in providing necessary conclusion and recommendation. Hence, this study revealed that the practitioners overwhelmingly perceive professionalism as one of the major factors that are hindering the adoption and application of forensic accounting .It is therefore recommended that trainings, seminars and workshops should be organized by professional bodies and educational institutions to equip the practitioners with the necessary skills to practice forensic accounting. It was also recommended that necessary and appropriate action be applied when fraud was detected. Proper forensic procedures were to be followed during investigations in matters of prosecution by professional forensics accountant and disciplinary action should to be made in cases of fraud.