Browsing by Author "Abdul Olalekan Hassan"

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    CREDIT APPRAISAL, COLLECTION POLICY AND LOAN PERFORMANCE OF MICROFINANCE BANKS IN KWARA STATE, NIGERIA
    (Gusau Journal of Accounting and Finance (GUJAF), 2022) Lukman Adebayo- Oke Abdulrauf; Abdul Olalekan Hassan
    Abstract The arrival of microfinance banks as another channel to mainstream the provision of financial services has become a major succour. Yet, the banks encountered high risk of default which is not unconnected with the peculiarities in its lending policies. In view of this, the study examines the effect of credit appraisal policy and credit collection policy on loan performance of MFBs in Kwara State, Nigeria. The study employed survey research design and the population consists of bank managerial and senior staffers from which one hundred and forty (140) were drawn conveniently as sample Data obtained through questionnaire were analyzed using descriptive and inferential statistics. The hypotheses for the study were tested using ordered logistic regression with average partial effects. The study found that collection policy significantly affects the loan performance of MFBs while credit appraisal policy does not significantly affect their loan performance as evidenced by their p-values. The study therefore concluded that collection policy influence loan performance of MFBs in Kwara State. Therefore, the study recommends that the credit appraisal policies should be restructure to capture the relevant information which will help these banks to determine the default intent of customers. Also, further monitoring mechanism should be put in place for bank loan collection policy in order that its effectiveness in increasing loan performance is improved.
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    International Financial Reporting Standards (IFRS) and Financial Reporting Disclosure Quality; Evidence from Nigerian Banks
    (Edo Journal of Arts, Management and Social Sciences, 2021) Lukman Adebayo Oke Abdulrauf; Abdul Olalekan Hassan; Taofeeq Abdulazeez
    Financial statements are prepared to meet the need of users for economic decisions. National and international standard setters, relevant accounting regulators bodies, portfolio holders, potential investors, the accounting academics/ researchers and Analysts have all shown interest in the effect of financial reporting on the general well-being of companies in Nigeria. Hence, this study examined the impact of compliance of Nigerian banks with IFRS disclosure guidelines and improvement in the acceptability of financial reporting practices in Nigerian using purposive sampling technique approach. Secondary data were obtained from annual reports of the companies for the period from 2014-2016 and a content analyses design was adopted for this study for a comprehensive assessment of the selected banks’ disclosure practices during the years covered based on IFRS disclosures checklist. The study employed static panel data regression analysis technique. The result from BP-LM showed a chi-square value of 0.13 with p-value of 0.3614 indicating that pooled OLS will be appropriate for the study. Thus, estimate from Poled OLS model were interpreted to explain the impact of IFRS compliance on disclosure quality in the Nigerian banking industry. The result revealed that IFRS compliance has impact on disclosure of statement of financial position items, disclosure of Statement of comprehensive income items and disclosure of Statement of changes in equity items with positive relationship while disclosures of statement of cash flows items is negatively and insignificantly related to IFRS compliance in the Nigerian banking industry. In line with the findings, the study concluded that IFRS compliance has impact on disclosures quality in the Nigerian banking industry in the area of statement of financial position items, statement of comprehensive income items and statement of changes in equity items. This study recommends among others that banks should ensure consistency and transparency as countries adopt a single set of high quality, global accounting and financial reporting standards