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Product Category: Projects
Product Code: 00001192
No of Pages: 119
No of Chapters: 5
File Format: Microsoft Word
Price :
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ABSTRACT
The
recent occurrence of financial malpractices in the service producing companies
in
This
research study is embarked upon to evaluate the effect of financial malpractice
on the service producing companies in Nigeria, this study also provide the
necessary solution that can be adopted to
solve the problem of financial malpractice on the service producing sector of
the economy.
In doing
this, questionnaires were distributed to the staffs and customer of PHCN, which
are analyzed and the used as the main research methodology for concluding on
the research findings.
TABLE OF
CONTENT
TITLE PAGE i
CERTIFICATION ii
DEDICATION iii
ACKNOWLEDGEMENT iv
- v
ABSTRACT vi
CHAPTER ONE: INTRODUCTION
1.1 BACKGROUND
TO THE STUDY 1
– 4
1.2 PROBLEM
OF THE STUDY 5 – 6
1.3 OBJECTIVES
OF THE STUDY 7
- 8
1.4 STATEMENT
OF HYPOTHESES 8
- 9
1.5 JUSTIFICATION
FOR THE STUDY 9
1.6 SIGNIFICANCE
OF THE STUDY
10
1.7 SCOPE
OF THE STUDY 10-11
1.8 PLAN
OF THE STUDY 10
1.9 DEFINITION
OF TERMS 11-
13
CHAPTER TWO: LITERATURE REVIEW
2.1 CONCEPTUAL ISSUES 14
2.2 MEANING OF FINANCIAL MALPRACTICES 14-16
2.3 MEANING OF CORRUPTION 16-19
2.4 FORMS OF FINANCIAL MALPRACTICES 19-22
2.5 FORMS OF CORRUPTIOIN 23-29
2.6 EFFECT OF FINANCIALMALPRACTICES IN THE SERVICE COMPANIES 29-31
2.7 EVILS OF FINANCIAL MALPRACTICES IN THE SERVICE COMPANIES 32-36
2.8
THEORETICAL FRAMEWORK 36
2.9
EFFECTIVE CONTROL OF CORRUPTION 36-43
2.10 CODE OF CONDUCT, ETHICS AND FINANCIAL MALPRACTICES 43-45
2.12
THE STRUCTURE OF
2.13
EMPERICAL EVIDENCE 50
2.14
FINANCIAL MALPRACTICES CASES IN
2.15 BILLING SYSTEM IN P H
C N 53
2.16 PRIVATIZATION OF POWER
HOLDING COMPANIES OF
CHAPTER THREE: RESEARCH METHODOLOGY
3.1
INTRODUCTION
3.2
RESEARCH DESIGN 57
3.3
SOURCES AND TYPES OF DATA 57-58
3.4
INSTRUMENTS OF DATA COLLECTION 58
3.5
POPULATION OF THE STUDY 58
3.6
SAMPLING AND SAMPLE SIZE 59
3.7
METHOD OF DATA ANALYSIS 59 - 60
CHAPTER FOUR: DATA ANALYSIS AND
PRESENTATION
4.1 QUESTIONNAIRE DISTRIBUTION AND COLLECTION 61-63
4.1.1 RESPONDENTS PERSONAL PROFILE 63-98
4.2 TEST OF HYPOTHESIS 99
4.2.1 HYPOTHESIS I
99-100
4.2.2 HYPOTHESIS II
100-102
CHAPTER FIVE: SUMMARY, CONCUSION AND RECOMMENDATION
5.1
SUMMARY
103-104
5.2 CONCLUSION
104-105
5.3 RECOMMENDATION
105-107
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND
TO THE STUDY
Financial
malpractices are enemy to environment, environmental protection is not
effective where financial malpractices in the public sector of an economy is
pervasive and quality of life degraded.
This study will give an overview of the Nigerian’s recent experience in
the context of economic reform programme.
It will discuss the possible cause and effect of financial malpractices
and evaluate, such financial malpractices, which are seen to have rocked to
socio-cultural, political practice and economic situation of the country. Corruption is an effort to secure wealth or
power through illegal means for private and personal gain at the public expense
for private benefit. Corruption as a
phenomenon is a global problem and exists in a varying degree in different
countries (Agbu, 2001). Corruption
practices are not issues that just begin today but its history is as old as the
world itself. (Lipset and Lenz,2010). However, the magnitude is not equal in every
society as some countries are more corrupt than others. Orwell George in the
widely read book; Animal farm: said “All animals are equal, but, some animals
are more equal than the others”.
The
epileptic power supply in the economy reduces the living standard drastically and
at the same time increase the cost of production in the country. In 2010, President Good Luck Jonathan
revealed that generating power from generator add more than 40 percent to the
cost of goods and services in Nigeria and that Nigerian spend about N1.95trillion
yearly running generator. In a recent
published report by British Broadcasting Corporation (BBC). It was said that
|
RATING |
INSTITUTION |
|
1 |
Nigerian
police |
|
2 |
National
and state assembly |
|
3 |
Political
parties |
|
4 |
Federal
and state executives |
|
5 |
P.H.C.N |
Nigeria
1.2 PROBLEM
OF THE STUDY
The
problem in the evaluation of financial malpractices in the service companies in
This
research study will solve the problems identified as highlighted in the
background to the study.
1.3 RESEARCH QUESTIONS
These
research questions are used in assessing the problem of the research study;
i.
To what extent are financial malpractices
hindering the development in the Power Holding Company of Nigeria (PHCN)?
ii.
Does the Nigerian Government encourage corruption
by the amount they are paying as salary to the service company workers?
iii.
Is the low the investment attraction in
iv.
To what extent is the under – development of
power Holding Company of
v.
Is there any basic standard for recruiting
personnel into the service companies of
vi.
Are the roles of financial malpractices in
Power Holding Company of
1.4 OBJECTIVES
OF THE STUDY
The
main objective of this research study is;
i.) To
evaluate the extent of financial malpractices in the service producing
companies of
ii.) To
examine the extent of financial malpractices in the Power Holding Company of
iii.) To
evaluate the cause and effect of financial malpractice in the service companies
of the entire economy.
iv.) To
have a rational resolution on this research study thereby assisting the
populace to develop the economy on the long run.
v.) To
make recommendation based on the research findings on the impact of financial
practice, on the service providing companies in
1.5 STATEMENT
OF HYPOTHESES
The
following hypotheses is stated for the purpose of this research study;
I - Hypothesis I
Null
Hypothesis, (Ho): Power Holding Company of
Alternative
Hypothesis (Hi): Power Holding Company of
2-
HYPOTHESIS II
Null,
Hypothesis (Ho): There is a negative implication on service companies in
Alternative
Hypothesis (Hi): There is no negative implication on service companies in
1.6 JUSTIFICATION
FOR THE STUDY
There
are many Nigerians that have seen reasons in embarking on this research study
of evaluating financial malpractices in different sectors, of the economy. Many of those that carried out this
researches are renowned in the country they include Chinwa Achebe, (2005). Gain Fawemi (2007) and the latest research
carried on by SAN, Afe Babalola, (2011).
The above mentioned researcher did well but they are unable to complete
some aspect of their research, this include, privatization of PHCN, Billing
system, money laundering cases, corrupt politician cases and some outcome from
litigation which are to be covered in this study.
This study will also made known the way out of the cankerworm of financial malpractices that are pervasive in the Nigerian economy.
1.7 SIGNIFICANCE
OF THE STUDY
The
significance of this research study cannot be over emphasized as it analyzes
the effect of financial malpractice in the
1.8 SCOPE
OF THE STUDY
The
scope of this research study will be limited to 2001 to 2011. It will cover the happenings within the Power
Holding Company of
1.9 PLAN
OF THE STUDY
The
chapter one cover the background of the study, problems of the study, research
questions, objectives of the study, statement of hypothesis, justification,
significance, scope and definition of terms in the study. Chapter Two is the,
literature review, where conceptual issues, theoretical frames work and
empirical evidences of the study are discussed.
Chapter
three cover the research methodology that will be used for the study. Chapter four is data presentation and
analysis while chapter five is summary, conclusion and recommendation.
1.10 DEFINITION
OF TERMS
Economic Reform: This is an improvement relating to trade, industry and money in circulation of an economy.
Economic Growth:- This is an increase in the size of an economy in terms of infrastructural facilities, standard of living and industry.
Evaluation; This is the calculation of the extent, of something or the impact, of the issue in question.
Economy: Is the system by which a country’s money and goods are been produced and used?
Gross Domestic Product (GDP): This is the value of output of goods and services produced and provided in an economy in one year
Service
companies:- These are the organization that
provides for basic need of the public e.g. Power Holding Company of
Malpractice: Failure to act correctly or legally when doing your job or responsibility assigned to you.
Menace:- Something that is likely to cause harm.
Phenomenon: Something that exist and that can be felt, especially something which is unusual or interesting.
Empirical: Based on what is experienced or seen rather than on theory.
Retro-active: Law that has effect from the day it was been approved.
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