Title: Strategic Risk Management and Fraud Control of Government Parastatals in Rivers State
Authors: Lilian Ngozi Atughara and B. Chima Onuoha
Volume: 9
Issue: 10
Pages: 639-649
Publication Date: 2025/10/28
Abstract:
This study examines the relationship between strategic risk management and fraud control in government parastatals in Rivers State, Nigeria. The investigation specifically focuses on how risk identification techniques and risk monitoring and review systems influence internal control effectiveness and fraud detection mechanisms. The research adopts a cross sectional design approach and utilised structured questionnaires distributed among staff of selected government parastatals. researcher and the research intend to generate new fact without intentional manipulation of the variables. The accessible populations comprise of 189 employees of government parastatals within Rivers State. A sample of 127 was determined using Krejcie and |Morgan 1970 table. The results reveal that effective risk identification techniques significantly enhance internal controls and strengthen fraud detection mechanisms. Similarly, robust risk monitoring and review systems are positively associated with improved internal control processes and more proactive fraud detection. The findings suggest that integrating strategic risk management into public sector governance frameworks can mitigate fraudulent activities and promote accountability. Based on the results, recommendations are made to institutionalize continuous risk assessment, invest in audit technologies, and reinforce compliance oversight across government agencies in the state.