Public Sector Financial Reforms Impact on Bank Verification Number Payroll Fraud Prevention and Control in Borno State. A Case Study of Civil Service Commission, Borno State

References

[1] Acha, I. A., Kanu, C. and Agu, G. A. (2017). Cashless policy in Nigeria: The mechanics, benefits and problems, Innovative Journal of Economics and Financial Studies, 1(1), 28-38.

[2] Adeniyi, T., & Musa, H. (2022). Applied regression methods in social and management sciences. Nigerian Journal of Quantitative Research, 12(1), 101–115.

[3] Adewale, A. A., Ibidumi, A.S. and Badepo, J.O. (2014). Biometric Enabled E-Banking in Nigeria. Management and Customers Perspective. Journal of Information and Knowledge Management, 4(11).

[4] Adongoi, T. and Victor, E. A. (2016). Corruption in the civil service: A study of payroll fraud in selected Ministries, Departments and Agencies (MDAs) in Bayelsa State, Nigeria, Research in Humanities and Social Sciences, 6(3), 53-69.

[5] Ahmed, S., & Gukur, M. (2022). Biometric technologies and payroll accountability in developing economies. Journal of Public Sector Management, 18(2), 44–59.

[6] Ajzen, I. and Fishbein, M. (1980). Understanding Attitudes and Predicting Social Behavior.Englewood Cliffs, NJ: Prentice-Hall.

[7] Albrecht, W. S., Albrecht, C. C. and dan Albrecht, C. O. (2006). Fraud Examination. New York, NY: Thomson Souh-Western.

[8] Bamidele, O. (2015). Bank verification Number as an antidote to bank fraud in Nigeria. Retrieved from https://www.newsbeatportal.com/bank-verification-number-as-antidote -to-bank-fraud-in-Nigeria /?dx-switcher=true.

[9] Bolaji, M. F. (2010). An Examination of E-Banking Fraud Prevention and Detection in Nigerian Banks. De Montfort University.

[10] Bolle, R. M., Connell, J. H., Pankanti, S., Ratha, N. K. and Senior, A. W. (2003), “Guide to Biometrics”, Springer, New York.

[11] Capoor, S. (2006), “Biometrics as a Convenience”, Security: For Buyers of Products, Systems & Services, 43(12), 48-50.

[12] Central Bank of Nigeria. (2014). Clarification Circular on Bank Verification Number (BVN) Enrolment. Retrieved from CBNWebsite:hhtp://www.cenbamk.org/ out/2014/bpsd /clarification%20circular% 20on% 20bvn2.pdf.

[13] Central Bank of Nigeria. (2016). Further Clarifications on Cash-Less Lagos Project. Retrieved from CBNwebsite: hless%20lagos%2 0brief %20for%20website%20revised2.pdf.

[14] Central Bank of Nigeria. (2023). Bank Verification Number (BVN) and financial integrity report. CBN Publications.

[15] Chukwuma, O., & Okeke, P. (2023). Regression analysis as a predictive tool in public administration research. International Journal of Social Science Methods, 9(3), 55–70.

[16] Conroy, J. (2017). Moving Beyond the Password: Consumers’ Views On Authentication. Aite Group.

[17] Craven &Eloff, M. (2015). Biometric as an Agent to Reduce Fraud in The Micro Lending Industry in South Africa. University of South Africa 0003.

[18] Cressey, D. R. (1950). The Criminal Violation of Financial Trust. American Sociological Review 15 (6): 738-743.

[19] Davidson, J. (2016). Payroll Fraud and How to Prevent It. Retrieved from www.honeycombpsg.com.

[20] Dorminey J., A. S. Fleming., M. J. Kranacher dan R. A. and Riley, J. (2010). Beyond The Fraud Triangle: Enhancing Deterrence of Economic Crimes. The CPA Journal July 2010.

[21] Ehi, E. E. (2015). A Critical Analysis of the Bank Verification Number Project Introduced by the Central Bank Nigeria. DSC Publication Ltd.

[22] Emmanuel, O. W. (2015). Computerized accounting system an effective means of keeping accounting records in Ghanaian banks: A case study if the GaRural Bank, International Journal of Research in Business Studies and Management, 2(11), 111-141

[23] Ering, S.O. (2011) “Trans-border Crime and its Socio-economic impact onDeveloping Economies” Journal of Sociology and Social Anthropology 2 (2) 738-788.

[24] Eze, M., & Igwe, K. (2021). BVN implementation and fraud reduction in Nigerian financial institutions. African Journal of Banking and Finance, 7(1), 22–34.

[25] Goosen, W., Pampallis, A., Van Der Merwe, A. and Mdluli, L. (1999). Banking in the New

[26] Hosseini, SS., Mohammadi, S. (2012). Review Banking on Biometric in the World’s Banks and Introducing a Biometric Model for Iran’s Banking System. Journal of Basic and Applied Scientific Research, 2(9), 9152-9160.

[27] Joseph, O. and Richard, I. (2015). Electronic payment system in Nigeria: Its economic benefits and challenges, Journal of Education and Practice, 6(16), 56-62.

[28] Kombo, B. (2013). The effects of computerized accounting system on auditing process: A case study of Mtwara District Council (MDC), MSc Accounting and Finance Degree Thesis, University of Mzumbe, 1-87.

[29] KPMG Africa. (2022). Digital payment systems and fraud risk management in Africa. KPMG Insights Report.

[30] Kujur, T. and Shah, M. A. (2015) Electronic banking: Impact, risk and security issues, International Journal of Engineering Management, 5(5), 207-212.

[31] Lekubu, BK. (2013). Issues of Corruption in South Africa’s Municipalities, Tshwanne University of technology, South African Association of Public Administartion and Management (SAAPM).

[32] Mago, S. and Chitokwindo, S. (2014). The Impact of mobile banking on financial Inclusion in Zimbabwe: A case for Masvingo Province, Mediterranean Journal of Social Sciences, 5(9), 221-230.

[33] Marshall, C., & Rossman, G. B. (1999). Designing qualitative research (3rd ed.). Sage Publications.

[34] Mejabi, F. (2006). The impact of automated accounting systems on payroll preparation in some large organizations, MSc Dissertation of Covenant University, Nigeria, 1-80

[35] Nangih, E. and Davies, D. S. (2017). Biometrics and bank verification number (bvn) technology and ghost worker’s identification in rivers state local government areas. Journal of Harmonized Research in Management, 3(1) 01-07.

[36] Nnanta, N. E. and Eme, O. I. (2013). An analysis of computerized accounting and payroll system on monthly emolument in Nigeria local government, International Journal of Accounting Research (IJAR), 1(3):67-73.

[37] Obinna, C. (2013). Ghost workers? Who gave the ghost the jobs of the living? Reading Obinna, Wordpress.com.

[38] Odusina, A. O., &Fowosire, R. A. (2017). Information and communication technology: Bank verification number and fraud prevention in Nigerian banking industry. FUO Quarterly Journal of Contemporary Research, 6(1), 1-10.

[39] OECD. (2021). Digital financial governance and anti-corruption mechanisms. OECD Publishing.

[40] Oguzierem U. A. and Sofiri, J. (2017). Ghost Workers and Related Payroll Fraud: The Impact of Unauthorized Employment on Local Government Area (LGAs) & Rural Development Areaa (RDAs) in Bayelsa State, IIARD International Journal of Economics and Business Management, 3(8).

[41] Ojo, A., & Salami, F. (2023). Electronic payment systems and fraud prevention in the Nigerian public sector. Journal of E-Governance and Digital Innovation, 5(2), 33–47.

[42] Okoro, A. S. (2014). Impact of electronic banking instruments on the intermediation efficiency of the Nigerian economy, International Journal of Accounting Research, 1(6), 14-21.

[43] Olayeni, R. (2021). Biometrics and the elimination of ghost workers in African public services. Public Administration Review Africa, 13(4), 76–89.

[44] Olijo, I. I. (2018). Newspaper Coverage of Bank Verification Number Enrolment in Nigeria. New Media and Mass Communication, 72.

[45] Olken, B. A. and Pande, R. (2012). Corruption in developing countries, Annual Review of Economics. 4.

[46] Oseloka, H. Obaze (2016). Caging Nigeria’s Ghost Workers, The Sun, March 7.

[47] Osisioma B. C ed. (2009). Handbook on Fraud Management and Forensic Accounting, Lagos, ANAN. In Press.

[48] Pheiffer, M. (1998). Financial Investigations and Criminal Money, Journal of Money Laundering Contro, Institute of Advanced Legal Studies. 2(1): 19-98.

[49] Puneet, B. P. R. and Parashar, N. (2010). Factors Affecting Money Laundering: A Lesson for Developing Countries. Symbiosis Centre for Management and HRD, 3(2), 108-139.

[50] Scovia, M. and Callist, K. (2015). The impact of computerized accounting system on financial reporting in the Ministry of Local Government of Rwanda, Journal of Emerging Trends in Economics and Management Sciences, 6(4), 261-265.

[51] Shehu, U. K. (2013). “An Empirical Analysis of the Benefits of Cashless Economy on Nigeria’s Economic Development”. Research Journal of Finance and Accounting, 4(17), 11-16.

[52] Taiwo I (2015). All you need to know about bank verification number. Retrieved January 2019.

[53] Umar, S., & Danlami, A. (2022). Impact of BVN policy on identity fraud reduction in Nigeria. Journal of Financial Crime Prevention, 11(2), 90–102.

[54] Venkatraman, S. and Delpachita, I. (2008). “Biometric in banking security: a case study”, Information management & Computer Security, 16(4)415-430.

[55] Wisdom, A. (2015). Impact of BVN on corrupt business practices in Zenith Bank Nigeria Plc. International Journal of Business and Management, 2(3), 33–47.

[56] World Bank. (2020). Biometric identification and public sector reform in developing countries. World Bank Group Report.

[57] Yaqub, J. O., Bello, H. T., Adenuga, I. A. and Ogundeji, M. O. (2013). The cashless policy in Nigeria: Prospects and challenges, International Journal of Humanities and social Sciences, 3(3), 200-212.

@article{1714055,
      author = {Arafat Ahmad Hussain, Emmanuel Yohanna, Yusuf Baba Mala},
      title = {Public Sector Financial Reforms Impact on Bank Verification Number Payroll Fraud Prevention and Control in Borno State. A Case Study of Civil Service Commission, Borno State},
      journal = {Iconic Research And Engineering Journals},
      year = {2026},
      volume = {9},
      number = {8},
      pages = {14-26},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1714055.pdf},
      abstract = {The study assesses the impact of public sector financial reforms, looking at Bank Verification Number on payroll fraud prevention and control in Borno State- a case study of the Civil Service Commission, Borno State. Three objectives and three research questions were formulated for the study. The study makes use of data from a sample size of 150 respondents who were selected for the study using simple random sampling techniques. Structured questionnaire was used to collect primary data. Descriptive statistics were used to analyse the data through computing of mean, standard deviation and percentages. In addition, regression analysis was used to establish the relationship between the independent variables and the dependent variable. At the end of the research, it is expected that the effect of biometric identification number on payroll fraud prevention in Civil Service Commission will be known and the effect of Bank Verification Number(BVN) on payroll fraud prevention in Civil Service Commission will be ascertained. Based on the findings of the study it is recommended that training the personnel and payroll staff on the importance of frequent reconciliation of the personnel and payroll records and the use of electronic payments system should be encouraged. Any changes in the personnel database like new staff hires, retired staff, death cases staff, those on Study Leave or transfers of service should be updated promptly in the payroll system.},
      keywords = {Financial Reforms, Bank Verification Number, Payroll, Fraud prevention and Control},
      month = {February},
      doi = {https://doi.org/10.64388/IREV9I8-1714055}
  }