FRAUD AND FINANCIAL MALPRACTICES AS A LENDING FACTOR TO BUSINESS FAILURE (A CASE STUDY OF NIGERIAN TELECOMMUNICATION LIMITED (NITEL)

ABSTRACT
The study is concerned with an investigation into fraud and financial malpractices as a leading factor in business failure and eventual liquidation. A case study of Nigerian Telecommunication Limited (NITEL). By way of background, the study commenced with an overview of the business environments and its effects on business growth and survival. Using NITEL as a case study, it was established that inspite of its privatization, NITEL is still saddled with the problem of bad image arising mostly from fraudulent practices. With the above stated problem, the specific objectives of the study were: 1.To ascertain why NITEL Plc is still saddled with problem. 2.To determine whether there is significant weakness in NITEL internal control system. Data collected were analysed using weighted mean and ranking order.  Major findings of the study were: (i)The study revealed that the NITEL is unable to achieve its objective (ii)It was also revealed that fraud and financial malpractices was the most important factors that has contributed poor performance of NITEL.
At the end, the following recommendation were made: (i)NITEL management should design appropriate policies. (ii)The organisation should also strengthened its internal control system.

  TABLE OF CONTENTS
Title pageii Approval pageiii Dedicationiv Acknowledgementv Abstract vi List of tableviii Table of contentix
CHAPTER ONE Introduction1 1.1Background of study1 1.2Statement of problem4 1.3The purpose of study5 1.4Scope of study6 1.5Research question6 1.6Significance of the study7
CHAPTER TWO Review Of Literature9 2.1Definition of distress/failures of a corporate9 2.2Causes of business failure12 2.3Summary of related reviewed literature29
CHAPTER THREE Research design and Methodology30 3.1Research design30 3.2Area of study30 3.3Population of the study30 3.4Sample size and sampling procedure31 3.5Instruments for data collection34 3.6Validity of the instrument34 3.7Reliability of the instrument35 3.8Method of administration of the research instrument35 3.9Method of data analysis36
CHAPTER FOUR Data Presentation And Results37 4.1Research question 137 4.2Research question 240 4.3Research question 342 4.4Research question 445 4.5Summary of findings47
CHAPTER FIVE Discussion Of Results, Conclusion, Implication Of Findings49 5.1Discussion of findings49 5.2Conclusions51 5.3Implications of the study52 5.4Recommendations52 5.5Suggestions for further studies53 5.6Limitation of the study54 References55 Appendix57