Effect of Forensic Accounting and Litigation Support on Fraud Detection of Banks in Nigeria

The study critically considers the effect of forensic accounting and litigation support on fraud detection in Nigerian companies. The objective of this study is to predispose if forensic accounting and litigation support have any significant effect on fraud detection in Nigeria companies. In order to actualize this objective, data were sourced for through primary sources and this was achieved with the help organized questionnaires of two segments administered to the employees of Zenith Bank Nigeria Plc. and Union Bank Nigeria Plc. in Calabar, Cross River State. The data collected were presented with the help of tables and interpreted with the help of inferential statistics using Analysis of Variance (ANOVA). The study revealed that forensic accounting and litigation supports do not have significant effect on fraud detection in Nigerian companies. It was recommended that Management and Shareholders should be educated on the usefulness of the services of forensic accountants in litigation matters and that Nigeria legal system should be strengthened, so that it can lend credibility or confidence in their legal system.