Programme: Accounting
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Item TRADE IN SERVICES IN WEST AFRICA: INTELLECTUAL PROPERTY RIGHT(Pretoria University Law Press, 2024) Adegboye, Folasade B.; Adesina, T. FItem BANK DIVERSIFICATION STRATEGY: A POLICY MEASURE FOR A SUSTANABLE BANKING SYSTEM IN POST COVID-19 FINANCIAL CRISES(1st INTERNATIONAL CONFERENCE ON INNOVATION AND SUSTAINABLE DEVELOPMENT, 2023) Olokoyo, Felicia O.; Ighosewe, Felix E.; Agbogun, Oghenekparobo E.; Adegboye, Folasade B.; Isibor, AreghanThe Nigerian banking industry acknowledges diversification as a strategy for ensuring financial sustainability. However, the major question is: if this assertion is true to life even with the advent of the COVID-19 pandemic? Hence, the present study aimed at eliciting information from the research respondents on their perception on the contributory role of product, service, marketing, and internal growth oriented diversification strategy in ensuring a financially sustainable banking system with a view to formulate strategic policy to address Post COVID-19 financial crises. Accordingly, we shared 600 questionnaires distributed across selected deposit money banks situated in three (3) metropolitan cities of Delta State; the study area. However, 485 questionnaires were retrieved. Data derived from the filed survey was analyzed using the Pearson’s product-moment correlation (PPMC) while the hypotheses were tested using the 95% Pearson Correlation critical value. The result reaffirmed that, the more banks diversify their products, services, marketing activities, and internal dynamics, the more financially sustainable they become. To this end, the study advocate that for Nigerian banks to be financially sustainable in the Post COVID-19 financial crises, they have to shield themselves with product, service, marketing and internal growth oriented strategies as enunciated in this study. Again, bank management should uphold good corporate governance principles as well as frown against all forms of corrupt tendencies, which can inhibit best banking practices in Nigeria.Item DRIVING BUSINESS GROWTH THROUGH ELECTRONIC PAYMENT SYSTEMS: THE ROLE OF E-PAYMENTS IN ENHANCING SMES IN NIGERIA(African Journal of Accounting and Financial Research, 2025) Adesina, T. F; Adegboye, Folasade B.; Isibor, A. A.; Afolabi, J. K.This study examines the impact of electronic payment systems on the business performance of small- and medium-scale enterprises (SMEs) in Nigeria. Leveraging survey data from 300 SME owners in Lagos, the research highlights the role of e-payment platforms in enhancing profitability, customer growth, and accountability. Results show that 52% of variations in SME profitability are explained by the adoption of electronic payments, while 48% of customer growth are similarly attributed. Despite challenges like technical constraints and infrastructure inadequacies, findings suggest that e-payment systems are indispensable tools for modern business operations. The study concludes with recommendations for stakeholders, including increased investment in digital infrastructure, training programs for SMEs, and policy support to address system inefficiencies. These findings contribute to the discourse on technology adoption in emerging markets, underscoring the critical role of electronic payment systems in driving SME growth.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 IFRS, Foreign Investment, and Prevailing Institutional Structure in Africa(African Studies: Breakthroughs in Research and Practice, 2024) Efobi, Uchenna; Iyoha, Francis OdianonsenWe revisit the effectiveness of IFRS adoption for FDI attractiveness by considering the adopting country's institutional structure. Attention was on the extent of corruption control (as a measure of institutional structure). Data was tested on 42 African countries for the period 2001-2012. Using the Panel Corrected Standard Error (PSCE) estimation technique, our result suggest that the effect of IFRS adoption on foreign investment differs based on the level of corruption control instituted in the sample countries. When the variable – IFRS adoption, was tested for the sample with corruption control below the median value, the coefficient was either negative or insignificant. However, the opposite was seen for the category of countries with corruption control above the median value. This result was robust to the inclusion of alternative measures of corruption, foreign investment, and control of global financial crisis and legal origin of the country.Item Incidence of Unclaimed Dividends: A Panel Data Analysis of the Role of Quoted Companies in Nigeria(WSEAS TRANSACTIONS on BUSINESS and ECONOMICS, 2023) Eriki, Emoarehi; Iyoha, Francis Odianonsen; Adetula, Dorcas- The objective of this paper is to examine the incidence of unclaimed dividends and the role of quoted companies in Nigeria. The rising trend of unclaimed dividends has been a serious concern to government, stakeholders, and supervisory authorities like the Securities and Exchange Commission, (SEC), and Nigerian Stock Exchange (NSE). There has been some policies put in place to reduce unclaimed dividends over the years. Some of the policies and measures include Companies and Allied Matters Act (CAMA), Investment and Securities Act (ISA), Central Securities and Clearing System (CSCS), Bank Verification Number (BVN), and e-dividend payment system respectively. Despite, these measures, unclaimed dividend figures have risen from 30 billion Naira in 1996 to 130 billion Naira in 2017. Studies done to address unclaimed dividends attributed various factors, some of which are: investors not giving their correct addresses, non-delivery of dividend warrants to investors, and Registrar not doing their work. However, one area that has not been addressed is the role of quoted companies in the rising trend of unclaimed dividends in Nigeria. Some large quoted companies have set up registrars but are really departments, with no separate boards from the mother firm. In Nigeria, registrars are statutorily charged with the processing of dividends from the time a quoted firm declared dividends and when the dividends fund is finally transferred to the registrars in Nigeria. But an emerging trend that has not been addressed is that quoted companies are now warehousing unclaimed dividends as reported by the reports of Securities and Exchange Commission (SEC). In other words, the dividends that have been declared and paid are still held and managed by the same quoted companies that paid the dividend. It is this trend that has prompted SEC to make proposal to the National Assembly for the review of CAMA law, to prevent quoted companies from exploiting the law. The quoted firms hitherto took advantage of the loop hole in CAMA to manage their already declared and paid dividends, months after payment through their owned established registrars. Though, about six shareholders associations have rejected the intervention of SEC in unclaimed dividend issues. But one of the principal functions of the SEC is to ensure is investor’s protection. It is against this background that the study investigate the quoted companies as a contributory factor in the rising trend of unclaimed dividends in Nigeria. The study used panel data analysis to run the quarterly data of unclaimed dividends amount with the quoted companies, the unclaimed dividend amounts with the registrars responsible for managing dividends, and the aggregate unclaimed dividends amount from 2012 to 2019. The study found that there was no difference between the role of quoted companies and the registrars in terms of managing unclaimed dividends in Nigeria. The study recommends a review of government policy that will continuously audit and sanction quoted companies that manage the unclaimed dividends through their subsidiaries or registrars and use it as working capital.Item Integrating Sustainability Reporting Education into the Accounting and Finance Curriculum: A Review of Literature(Innovation, 2024) Mbakbuin, Capntan Philemon; Iyoha, Francis Odianonsen; Ekwe, Michael Chidiebele; Queenta, Siliya Pedikuna; Ogaba, Moses; Ayanate, Igodo WinnerItem Environmental Management Cost and Business Sustainability of oil and Gas Firms in Nigeria(International Journal of Economics and Financial Issues, 2025) Iyola, Francis Odianonsen; Capntan, Philemon M.; Ekwe, Michael C.; Ogaba, Moses; Siliya, Queenta P.; Sumbane, Julai J.