Programme: Accounting
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Item Effect of bank internal control system on non-financial performance of selected quoted deposit money bank in Nigeria(Journal of Management, Economics, and Industrial Organization, 2020) Nwobodo, Helen; Adegbie, Fola. F.; Banmore, O. O|.The increasing trend of declined in bank efficiency and operational performance m recent years raised unquestionable concerned and pose serious threats to the stability and survival of deposit money banks across the globe. Studies have shown that most deposit money banks in Nigeria have experienced declined in bank efficiency and operational performance due to weak internal control system thus caused financial losses to banks and loss of public confidence in the banking sector. The study employed a survey research design and the population was 568 staff and the sample size used was 292 using Cochran sample size determination. The reliability coefficient ranged from 0.71 to 0.94. The study found out that internal control system has positive and significant effect on bank efficiency and operational performance of the selected quoted deposit money banks with (P<5%). The study concluded that internal control system has effect on bank operational performance and efficiency. The study recommended that the management should ensure that their banks have strong internal control environment and embrace infonn policies and procedures that are adequate in order to achieve operational performance and bank efficiency.Item Taxation and Consumers’ Spending Patterns in Nigeria: An Autoregressive Distributed Lag and Error Correction Model Approach(International Journal of Economics and Financial Issues, 2024) James, David; Omodero, Cordelia Onyinyechi; Nwobodo, Helen; Odhigu, Festus Onosakponome; Adeyemo, Kingsley AderemiThis study evaluates the effects of personal income tax and consumption tax on the spending system of consumers in Nigeria. The autoregressive distributed lag (ARDL) model has been employed for the co-integration test. The research additionally employs the Error Correction Model (ECM) to assess the pace at which any divergence from the long run equilibrium can return to normal in the current period. The findings show that Value added tax has an insignificant impact on purchasing power of consumers in both the short and long intervals. However, personal income tax and exchange rate exert substantial positive effect on consumer spending power in the long run but not in the short run. At the 1% level, the ECT coefficient is shown to be significant and unfavourable. This demonstrates a pretty slow convergence rate, with the model pushing itself towards equilibrium by 37% each year. The consequence is that any disequilibrium caused by shocks from the previous year requires 37% adjustment speed to return to long-run equilibrium in the current year. There have been several studies on how consumption tax affects households’ welfare without considering the effects of income tax and ever fluctuating exchange rate alongside these whole scenarios. This study puts all of these issues into consideration and contributes meaningfully to the existing literature that personal income tax is an integral part of the factors that affect households’ spending capacity. The study recommends that proper tax policy to enhance consumers’ spending capacity.Item Can adoption of digital technologies ease household burdens? New evidence from West Africa using a C-S ARDL approach(Heritage and Sustainable Development, 2025) Marcus, Samuel Nnamdi; Osimen, Goddy Uwa; Emmanuel, Uche; Nwobodo, HelenTechnology adoption is essential for sustainable development, particularly in shaping a country’s growth. While many studies have explored technology use in sub-Saharan Africa, few have examined how it affects household burdens in West Africa. This study fills that gap by analyzing the impact of technology adoption on household burdens across 12 West African countries between 1996 and 2020. It focuses on four key technologies: mobile and cellular use, internet access, clean fuel and cooking technologies, and electricity access. Using a panel data analysis method (the pooled mean group estimator of the ARDL model), the study finds that, in the long run, increased internet use, clean fuels, and access to electricity significantly reduce household burdens. However, in the short term, the effects of clean fuels and electricity access are not statistically significant. Overall, the results show that technology adoption can reduce household burdens, but the extent of its impact varies by country, depending on how widely and effectively the technology is adopted. The study highlights the need for strong policies that promote infrastructure development, technology access, and user acceptance—especially for internet services, clean fuels, and modern cooking technologies—to improve household well-being in the region.Item Effect of Creative Accounting Practices on Solvency of Selected Deposit Money Banks Quoted in Nigeria(International Journal of Accounting, Finance and Risk Management, 2023) Dada, Smuel Olajide; Ajibade, Ayodeji Temitope; Nwobodo, HelenItem Inflation Adjustment Dynamics Under Fixed and Managed Flexible Exchange Rate Regimes in Nigeria: Nonlinear Autoregressive Distributed Lag (Nardl) Models(Journal of Economics & Management Research, 2025) Adeyemi, Gbenga; Nwobodo, Helen; Alawode, Olufemi PeterT his study investigates the dynamics of inflation adjustment under fixed and managed flexible exchange rate regimes in Nigeria. Using quarterly secondary data, the analysis spans 1981–1986 for the fixed exchange rate period and 1987–2023 for the managed flexible exchange rate period. The dependent variable is the consumer price index (CPI), while the independent variables include the nominal exchange rate (NEXRT), fixed and managed flexible exchange rates, and real gross domestic product (RGDP). Economic challenges, such as the Central Bank of Nigeria's (CBN) inability to maintain a fixed exchange rate due to declining foreign exchange reserves and rising demand for dollars, prompted the shift to a managed exchange rate regime. The ADF and PP unit root tests reveal that CPI is stationary at level (I(0)), while NEXRT and RGDP are stationary after first differencing (I(1)). The ARDL bounds test confirms a long-run relationship among the variables, indicating co-integration. Employing the NARDL model, the findings reveal that under the fixed exchange rate regime, short-run disequilibria are corrected by 53% in the long run, with statistical significance (p = 0.0008). For the managed flexible exchange rate regime, deviations are corrected by 85% in the long run, also statistically significant (p = 0.0000). The study recommends that monetary authorities enhance dollar availability to support policy objectives and curb inflationary pressuresItem Financial Re-Engineering and Customer Performance of Poultry Business in Nigeria(International Journal of Economics and Financial Issues, 2024) Alawode, Olufemi Peter; Nwobodo, Helen; Ogunfowora, Afolake; Olubunmi, Alao; Onyeka-Iheme, Chimeruo VictoryThe poultry business is the largest private sector employer and contributes 25% to Nigeria’s agricultural gross domestic product. The process of capturing poultry business performance using the balanced scorecard performance pillar of customer performance had not been completely integrated in prior research. Therefore, this study looked at how financial re-engineering affected the customer performance of the chicken industry in Nigeria using proxies for business strategy, business processes and systems, business technology, organizational structure, and organizational culture. The study adopted survey research design. The population of the study were 4324 active farmers and support services of the key poultry business stakeholders in the six geo-political zones of Nigeria. The sample size of 450 was determined using Taro Yamane sample size formula. Strata random sampling technique were used to select the respondents from the geo-political zones. A structured and valid questionnaire, using 5 level Likert-scale, were administered to the respondents with a response rate of 84%. The Cronbach’s alpha reliability coefficients for the constructs ranged from 0.87 to 0.95. Descriptive and inferential (multiple regression) analysis were used to analyse the data at 5% level of significance. The findings revealed that all financial re-engineering exerted significance effect on customer performance (Adj.R2 = 0.520 F(5,379) = 82.950, P < 0.05). The study concluded that financial re-engineering has significant effect on customer performance of poultry business in Nigeria and recommended that poultry business owners and management in Nigeria should integrate financial re-engineering into their processes in order to optimize production and attract premium customers with attendant total performance expectationsItem Digital transformation and bank capital adequacy in Sub-Saharan Africa(Asian Economic and Financial Review, 2026) Alawode, Olufemi Peter; Nwobodo, Helen; Nwobu, Obiamaka; Eriabie, Sylvester; Arogundade, JamiuThis study examines the impact of digital transformation elements on the capital adequacy of deposit money banks in Sub-Saharan Africa, isolating the capital adequacy component of the CAMEL performance framework using six proxies of digitalization. An ex post facto study with panel data from listed banks in six countries (2013–2022) was analyzed with descriptive statistics, relevant diagnostic tests, and a random effects regression model, validated by the Hausman test. The findings indicate that financial inclusion, internet utilization, and bank size substantially enhance capital adequacy, whereas technology-related investments diminish it due to financial burdens and cyber risk vulnerabilities. Using ATMs and mobile banking was insignificant, reflecting their maturity as baseline utilities that are already considered basic infrastructure and thus not able to generate a significant impact. The model accounted for 57.6% of the variation in capital adequacy, highlighting the significant yet partial role of digitalization in solvency. Findings highlight that digitalization is not uniformly beneficial; regulators and compliance institutions should integrate digital risks into supervisory frameworks, and banks should prioritize initiatives that strengthen prudential outcomes. The study extends digital transformation literature by addressing capital adequacy, offering evidence-based insights for balancing innovation with systemic stability in Sub-Saharan Africa.