Title: Fraudulent Financial Reporting and Firm Value of Deposit Money Banks in Nigeria
Authors: Ugwu, Ikechukwu Virginus; Ezekwere, Uzochukwu; Edwin Chukwu Okoro; Uzodinma Nwakego
Volume: 9
Issue: 8
Pages: 106-119
Publication Date: 2025/08/28
Abstract:
This study focused on Fraudulent Financial Reporting and Firm Value of Money Deposit Banks DBM in Nigeria. The specific objectives of the study are: External Pressure EXP, Fraudulent Cheques FCQ, and Fraudulent Loans (FRL) and these applied as independent variables; while Return on Equity ROE proxy firm value as dependent variable. Study population comprised fourteen (14) DBM in the Nigerian Exchange Group (NGX) and the period of study covered eleven (11) years annual reports and accounts of these banks reported from (2014-2024). Purposive sampling techniques select eleven (11) DMB that has the secondary data required for the period. Statistical analyses applied Descriptive Statistics, Correlations and Regressions to test the formulated hypotheses. After the analyses, the results showed that the model is significant at 5% significance level. Other findings showed that: External Pressures EXP, Fraudulent Cheques FCQ and Fraudulent Loan FRL were negative and significant on ROE of DMB in Nigeria. After all the result interpretations, we recommend that: Banks Apex management should reduce unnecessary competition that put pressure on the managers in trying to meet targets; approval of issuing and acceptance of cheques are to be properly verified and appropriately checked and finally, proper Internal control systems should be installed to scrutinize giving of loans to detect and prevent fraudulent activities.