FRAUD AND FINANCIAL MALPRACTICE

The study is concerned with an investigation into found and financial Malpractices as a leading factor in Business failure – A case study of Nigerian Telecommunication Ltd (NITEL) By way of background, the study commenced with an overview of the business environments and its effects on business growth and survival. Using NITEL as a case study it was established that in spite of its privatisation. NITEL is still saddled with the problem of bad image arising mostly from fraudulent practices With the above stated problem, the specific objectives of the study were. I To ascertain why NITEL Ltd is still saddled with problem of fraudulent practices. Ii To determine whether there is significant weakness in NITEL internal control system. Data collection were analysed using weighted mean and standard deviation suing T-test statistical analysis. Majors findings of the study were. I The study revealed that the NITEL is unable to achieve its objective Ii It was also revealed that found and financial malpractices was the most important factors that has contributed to poor performance of NITEL. At the end, the following recommendations were made: I NITEL management should design appropriate policies. Ii The organisation should also strengthened its internal control system.