Forensic Accounting and Financial Crime in Nigeria Public Sector

ABSTRACT The purpose of this study is to investigate the role of forensic accounting in combating financial crime within Nigeria's public sector. Financial crimes. including fraud, embezzlement, and corruption, have significantly undermined public trust and hindered economic development in Ne by employing forensic accounting techniques, which involve the application of accounting principles and investigative skills to detect and prevent financial misconduct, this research aims to assess how these practices can enhance accountability and transparency in public financial management. The study seeks to provide insights into the effectiveness of Torensic accounting as a tool for mitigating financial crimes in government institutions. To achieve the objectives of this research, a quantitative approach was adopted using primary data collected through structured questionnaires distributed among key stakeholders in Nigeria's public sector. The target respondents included accountants, auditors, financial officers, and other relevant personnel involved in public finance management across various government agencies. The questionnaire was designed to gather information on the prevalence of financial crimes, the awareness and implementation of forensic accounting practices, and perceived challenges faced by professionals in applying these techniques. Data analysis was conducted using statistical methods to identify trends and correlations that could inform policy recommendations.The findings from the survey revealed a significant correlation between the implementation of forensic accounting practices and a reduction in instances of financial crime within Nigeria's public sector. A majority of respondents indicated that they had encountered cases of fraud or mismanagement within their organizations. However, only a small percentage reported having adequate training or resources to effectively utilize forensic accounting methods. Additionally, barriers such as lack of awareness about forensic accounting benefits, insufficient legal frameworks for prosecution, and inadequate support from leadership were identified as major challenges hindering effective implementation. These findings underscore the need for enhanced training programs and institutional support for forensic accountants.In conclusion, while forensic accounting holds promise as an effective mechanism for addressing financial crime in Nigeria's public sector, its potential remains largely untapped due to systemic challenges. It is recommended that government agencies invest in comprehensive training programs for personnel involved in financial oversight to build capacity in forensic accounting techniques. Furthermore, establishing robust legal frameworks that facilitate the prosecution of financial crimes will enhance accountability. Collaborative efforts between government bodies and professional associations are essential to promote awareness about the importance of forensic accounting practices. By addressing these issues proactively, Nigeria can strengthen its fight against corruption and improve overall governance.