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Browsing by Author "Tajudeen Lawal"

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Assessment of budget compliance: Evidence from the Nigerian public sector
(African Accounting and Finance Association, 2024-10-28) Tajudeen Lawal; Adeoye Amuda Afolabi
Purpose: Evidence suggests that the federal government annually budgets and appropriates amounts for both capital and recurrent expenditure to various ministries, departments, and agencies, yet there is no impact on the ordinary citizen on the street. The question is whether it is a result of non-compliance with budgets or other factors hindering budget compliance. In addition, the federal government introduced different policies to fast-track the process of budgeting and public expenditure; several factors have prolonged the period of the current economic recession. From the fiscal policy side, delays in budget approval and implementation are major challenges. Against this background, this study examines factors that influence budget compliance and in relationship with variance in Nigeria. Methodology: The data was gathered from secondary sources and analysed using the Engle-Granger co-integration test and the augmented Dickey-Fuller (ADF) test (Units root test). Findings: The findings revealed that corruption, political stability, and type of government have a significant negative relationship with variance. Additionally, corruption and crude oil prices show a negative effect on actual total expenditure. However, Gross Domestic Product (GDP) and revenue are positively significant with budget variance and actual total expenditure. Limitations/Implications: This study illustrates evidence relevance to the public and academic debates about how government should use all the institutions at their disposal to minimise corruption since corruption reduces the variance and actual total expenditure. In addition, since crude oil price hinder government expenditure, the federal government should focus more on other source of revenue for budget apart from crude oil. Originality: This study provides the effect of corruption, crude oil price, political stability and the type of government, as indicators for budget compliance on the variance and total actual expenditure. As a result, this study contributes to the literature in the area of budgeting system for the public sector in developing countries with specific focus on Nigeria.
Board attributes and intellectual capital disclosure of listed non-financial services firms in Nigeria
(Kashere Journal of Management Sciences, 2022-09-29) Tajudeen Lawal
Intellectual capital is a hidden asset that generates wealth for organisation but which are rarely shown in the financial statement of firms. This study therefore examines the impact of board attributes on intellectual capital disclosure of four hundred and forty-four firm-year observations of listed non financial services firms in Nigeria from 2011-2020. The study analysed the data by means of descriptive statistics to provide summary statistics for the variables. Similarly, the study adopted Robust Ordinary Least regressions to test the study hypotheses using STATA software. The regression results revealed that board gender and educational attributes have significant positive impact on intellectual capital disclosure. However, the study revealed that board ownership has no significant impact on intellectual capital disclosure of the firms. The study recommends that management should consider the inclusion of more women as part of the board of directors of the non-financial services firms in order to influence the decision to increase their intellectual capital disclosure. Also, in order to improve monitoring capacities and expertise diversity of the board towards improvement in intellectual capital, listed non-financial services firms in Nigeria should maintain the education level of the board members. Finally, the percentage of shares held by directors should be regulated by the firm's regulator in order to improve the intellectual capital disclosure of the firms
BOARD HETEROGENEITY, AUDIT COMMITTEE GENDER AND CORPORATE TAX AGGRESSIVENESS OF LISTED CONSUMER GOODS FIRMS IN NIGERIA
(Kashere Journal of Management Sciences, 2023-09-27) Lukman Ojedele Lawal; Tajudeen Lawal; Daniya Adeiza AbdulAzeez
Aggressive tax planning are activities generally designed to reduce tax liability that includes tax evasion and legitimate saving of taxes. This study therefore aims to examine the impact of board heterogeneity on the tax aggressiveness, as well as the moderating effect of audit committee gender on the relationship between board heterogeneity and tax aggressiveness of listed consumer goods firms in Nigeria. Data were collected from one hundred and seventy financial years of firms in Nigeria from 2013-2022. The study analysed the data by means of descriptive statistics and correlation techniques. The regression results revealed that board nationality and board education have significant impact on tax aggressiveness. The finding of the study however, revealed that board composition has significant negative impact on tax aggressiveness. Similarly, the result from moderating model revealed that audit committee gender influenced the relationship between board heterogeneity and tax aggressiveness of the firms. The study therefore concludes that board heterogeneity is important in tax planning activities. The study recommends that the firms should maintain the number of foreign directors as well as maintaining the number of directors with training in accounting, finance and economics in order to continue to improving their tax planning activities. Similarly, the role of AC gender should be given ultimate attention when nominating AC members, since it improved the relationship between board heterogeneity and tax planning of consumer goods firms in Nigeria
Capital structure and performance of quoted conglomerates firms in Nigeria
(Department of Accounting, Faculty of Administration, Nasarawa State University, Keffi., 2013-05-28) Tajudeen Lawal; Bayero Muhammad A.S; Lukman Ojedele Lawal
This study investigates the impact of capital structure on firm performance by analysing the relationship between financial performance of Nigerian firms, measure by return on asset and earnings per share with short term and long term debt. Two variables identified in literature to have influence on firm performance, namely size and efficiency are used as control variables. The study covers seven conglomerates firms in Nigeria for the year 2002 through to 2011. Panel data for the selected firms were generated and analysed using ordinary least square with the application of random effect regression as a method of estimation, in which a series of regression analyses were executed for each model. The study finds that short term debt has significant negative impact on the two accounting measure of performance studied. The results also showed that long term has significant positive impact on ROA but not with earnings per share.net margin of the firms. The study recommends that quoted conglomerates firms in Nigeria should reduce debt levels in their capital structure so as to enhance positive performance to the interest of the stakeholders.
Economics of Fraud and Foregery in Deposit Money Banks in Ilorin Metropolis , Nigeria
(FUDMA Journal of Faculty of Management Sciences, Federal University, Dustin-Ma, Katsina State, 2024-06-15) Shitu, Abdul Muftah; Tajudeen Lawal
This paper investigates the relationship between attitudinal factors and product services or technologies responsible for fraud and forgery in bank operations and transactions for banking public. The research design is a case study and uses survey and descriptive approach. A structured questionnaire was used for data collection and a simple random sampling technique was employed to draw 10 deposit money banks out of 14 deposit money banks in Ilorin metropolis that constituted the population frame for the study. A total number of 100 respondents made of both bank staff and customers of the banks were randomly drawn from 10 deposit money banks that constituted the sample frame. Descriptive statistics, Pearson Product Moment Correlation Coefficient, t- test statistics and coefficient of variation were used investigate the level of variability and strength of association between the attitudinal factors and product services/technologies. From the hypotheses testing, the difference in the means of the variables using Pearson Product Moment Correlation coefficient and t- test statistics showed that t-test value was statistically significant (t-test value =7.515) and correlation coefficient was (r = 0.242). The result reveals that there was a weak linear relationship between the variables. However, both the attitudinal factors and product services/technologies induced fraudulent practices in the banking industry. It was concluded that the hypothesized attitudinal factors have domineering influence in stimulating and inducing frauds and fraudulent practices in the industry than the product services or technologies. The study recommended that bank staff must be trained and retrained on frauds /forgeries prevention. Keywords: Banking, fraud, forgery, attitudinal factors, product services and technologies Introduction
Economics of fraud and forgery in deposit money banks in Ilorin metropolis, Nigeria
(Faculty of Management Sciences Federal University, Dutsin-Ma, 2024-06-30) SHITU, Abdul Muftah; Tajudeen Lawal
This paper investigates the relationship between attitudinal factors and product services or technologies responsible for fraud and forgery in bank operations and transactions for banking public. The research design is a case study and uses survey and descriptive approach. A structured questionnaire was used for data collection and a simple random sampling technique was employed to draw 10 deposit money banks out of 14 deposit money banks in Ilorin metropolis that constituted the population frame for the study. A total number of 100 respondents made of both bank staff and customers of the banks were randomly drawn from 10 deposit money banks that constituted the sample frame. Descriptive statistics, Pearson Product Moment Correlation Coefficient, t- test statistics and coefficient of variation were used investigate the level of variability and strength of association between the attitudinal factors and product services/technologies. From the hypotheses testing, the difference in the means of the variables using Pearson Product Moment Correlation coefficient and t- test statistics showed that t-test value was statistically significant (t-test value =7.515) and correlation coefficient was (r = 0.242). The result reveals that there was a weak linear relationship between the variables. However, both the attitudinal factors and product services/technologies induced fraudulent practices in the banking industry. It was concluded that the hypothesized attitudinal factors have domineering influence in stimulating and inducing frauds and fraudulent practices in the industry than the product services or technologies. The study recommended that bank staff must be trained and retrained on frauds /forgeries prevention.
Effect of financial development on financial innovation in Nigeria
(Department of Accounting, Faculty of Economics and Business, Diponegoro University Indonesia., 2018-06-28) Eunice Oluganna; Tajudeen Lawal; Daniya Adeiza Abdulazeez
Financial sector is crucial for the development of a well-functioning market as it facilitate capital inflows, mobilize savings for productive investment and facilitates the conduct and growth of an economy in the world. Despite the importance of financial sector development in Nigeria, financial institution operating in financial market were confronted with drastic changes where by old ways of doing business were no longer profitable and sustainable and unable to acquire fund with their traditional financial instruments. Against this background, the study investigated the effect of financial sector development on financial innovation in Nigeria. The study employed secondary data obtained from central bank of Nigeria statistical bulletin and World Bank database between 2011 and 2017. The data obtained was subjected to system General Method of Analysis (GMM) estimator. The study concluded that upward trend of process innovation significantly influence the in depth of finance. The study recommends policy makers should design policies which will promote and enhance the relationship between financial innovation and financial development in other to increase the supply and provision of financial service.
Effect of forensic auditing on fraud prevention and detection in public sector organisation in Nigeria.
(Governmental and Financial Accounting Research (GAFAR) Centre, Nasarawa State University, Keffi, 2018-06-30) Tajudeen Lawal; Lukman Ojedele Lawal; Eunice Oluganna
This study is aimed at assessing the impact of forensic auditing in the detection and prevention of fraud in public sector organisations in Nigeria. Two hypotheses were formulated in line with the specific objectives of the study. This was tested with use of questionnaire administration to the corporate affairs commission. The question raised from the hypothesis was then tested with the use of statistical data to test the level of significance. In essence, the regression model was used on the response of the respondents. Based on the findings of the research which have already been summarised, the research work concluded that forensic auditing has a great impact in prevention and detection of fraud in Nigerian public sector organisation and therefore the skills and experience of forensic auditor should be employed in public sector organisations in Nigeria so as to reduce the occurrence of fraud and to detect any form of fraud perpetrated.
GENDER DIVERSITY AND INTELLECTUAL CAPITAL DISCLOSURE IN LISTED NON-FINANCIAL SERVICES FIRMS IN NIGERIA.
(Department of Accounting University of Abuja, 2021-06-29) Tajudeen Lawal; Lukman Ojedele Lawal; Babangida A. Aminu
Intellectual capital disclosure is valuable information for stakeholders. This study aims to examine the impact of gender diversity on intellectual capital disclosure in 44 listed non-financial services firms in Nigeria during the period 2011 t0 2020. Descriptive statistics were adopted to provide summary statistics of the variables. The study adopted generalised least square (GLS) fixed effects regressions to test the hypotheses using the STATA software. The regression results showed that female Blau has a positive and significant impact on ICD of the firms. However, the finding of the study revealed that the presence of ratio of female directors on the board and appointing female as the chief executive officers have no significant impact on the level of intellectual capital disclosure. This study adds to the literature as it is the first study to adopt Blau Index in examining the impact of gender diversity on IC disclosure in listed non-financial services firms in Nigeria. The study recommends that management should consider the inclusion of more women as part of the board of directors of the non-financial services firms in order to influence the decision to increase their ICD. Similarly, more women should be appointed as CEO so as to positively influence the disclosure of ICD
Outsourcing of internal auditing services and performance of organisations in Nigeria: A Conceptual Approach.
(Faculty of Management and Social Sciences, Ibrahim Badamasi University, Lapai., 2020-06-30) Lukman Ojedele Lawal; Tajudeen Lawal; Eunice Oluganna
The spate of corporate collapses and financial scandals has resulted in an increased focus on internal auditing as an important consideration for organisations. The basic role of internal auditing is to help management achieve company goals. It also provides assurance that management has implemented a satisfactory internal control system to prevent risks. It is observed that sourcing of internal audit services internally always leads to lack of independence by the staffs that provide these services since they are employees of the entity and under the control of management. In addition to that, the external auditors find it difficult to place reliance on the work performed by internal auditor. This study examines outsourcing of internal audit functions and performance of organisations in Nigeria by reviewing some selected studies from within and outside Nigeria. The objective of the study is to conduct a conceptual review (to determine how outsourcing of internal audit function affects performance of organisations in Nigeria based on the findings) of previous studies. This paper discovered from previous studies that outsourcing of internal audit functions is the remedy to efficiency, cost savings and reliability of internal audit services in every organisation. This study is of the opinion that more researches should be conducted on the topic in Nigeria and that organisations in Nigeria should key into outsourcing of their internal audit functions as this brings about cost saving, reliability of record as well as independence of opinion
OWNERSHIP STRUCTURE AND CORPORATE DISCLOSURE OF ENVIRONMENTAL INFORMATION IN NIGERIAN LISTED CONSTRUCTIONS COMPANIES
(Faculty of Management Sciences and Department of Economics University of Maiduguri., 2024-09-30) Kabiru Shuaibu; Daniya Adeiza Abdulazeez; Tajudeen Lawal; Mohammed Yabagi Ibrahim
This study examines the impact of ownership structure on environmental information disclosure (EID) of listed construction companies in Nigeria from 2013- 2021. A sample of six (6) companies listed as construction companies using census sampling technique was drawn from the population of nine (9) companies. Audited annual reports and accounts were used for data extraction. The analysis was done using descriptive statistics and multiple regressions. Correlational research design was adopted in the study to find out the impact of ownership structure on EID. Variables used include foreign ownership; managerial ownership and block-holder ownership and EID measured using ordinal coding scheme based on GRI guidelines (G4). Robustness tests such as multicollinearity test, heteroscedasticity test, normality test and Hausman specification test were conducted to validate the results. The study revealed that there is a negative and significant relationship between foreign ownership and EID, while a negative and significant relationship between managerial ownership with EID and lastly there is a positive and significant relationship between block- holder ownership and EID. The study, therefore, recommends among others that the management of listed construction companies should direct their attention more on how to increase the level of block-holder ownership because they can influence the managers to disclose more environmental information and consequently by reducing information asymmetry, which not only clarifies the conflicts of interests between shareholders and management but also makes management more accountable and increases profit in the long run.

Browsing by Author "Tajudeen Lawal"

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