https://journals.rcmss.com/index.php/ijcbem/issue/feed INTERNATIONAL JOURNAL OF CAPACITY BUILDING IN EDUCATION AND MANAGEMENT 2024-10-24T22:50:07+00:00 Dr. Uchechukwu Wilson Nwosu ijcbem@rcmss.com Open Journal Systems https://journals.rcmss.com/index.php/ijcbem/article/view/1093 Effect of Cooperative Values on the Financial Performance of Thrift and Credit Society in Educational and Tertiary Institutions in Kaduna State, Nigeria 2024-10-11T18:49:31+00:00 L. Barau Aminu aminusheikhlawalbarau@gmail.com C. Ojiagu Nkechi nc.ojiagu@unizik.edu.ng G. Amala Emejulu jerryemejulu@gmail.com <p><em>The study investigated the effect of </em><em>cooperative values on financial performance of Thrift and Credit Societies in Educational and Tertiary Institutions in Kaduna State, Nigeria. The study adopted descriptive survey research design. The population of the study comprised of 10,393 management committee of educational and tertiary institution thrift and credit societies in Kaduna State. The sample size consisted of 385 drawn from the population using Taro Yamane formula. Census sampling technique was used because the population size was manageable. The study was guided by two research questions and two research hypotheses. Data was collected from the respondents with the aid of a structured questionnaire. The instrument was validated by experts from department of Cooperative Economics and Management from Faculty of Business Administration in Nnamdi Azikiwe University, Awka, Anambra State Nigeria. The reliability of the instrument was determined using Cronbach’s Alpha with a reliability coefficient of 0.97. Data collected were analysed using descriptive statistics. Arithmetic mean and standard deviation were used to answer research questions while the hypotheses were tested using t-test with the aid of statistical package for social sciences (SPSS, version 26). The results obtained shows that at F=71.19 and P=0.000&lt;0.05, cooperative values have significant influence on the financial performance of thrift and credit societies in educational and tertiary institutions in Kaduna State. The study concluded that cooperative core values have positive relationship with financial performance of thrift and credit societies in Kaduna State. The study recommended that cooperative society should constantly educate her members as regard to the cooperative core values through periodical seminar and conferences, these will their trust and confidence in the society management teams the society at large.</em></p> <p><strong><em>Keywords</em></strong><em>: Cooperative, Core, Values, Society, Financial, Performance, Thrift, Credit, Equity, Asset, Educational, Institutions.</em></p> 2024-10-11T00:00:00+00:00 Copyright (c) 2024 Authors https://journals.rcmss.com/index.php/ijcbem/article/view/1094 Challenges of Micro Finance Banks in Promoting Economic Development in the Federal Capital Territory, Abuja, Nigeria 2024-10-13T17:09:03+00:00 Jacho David Sunday audusamson@yahoo.com Modibbo Sallau Abdullahi audusamson@yahoo.com Olugbesan Idris audusamson@yahoo.com <p><em>The research is an analysis of the challenges of Microfinance Banks in promoting economic development in the Nigeria’s Federal Capital Territory. The main prohibitive challenge bedeviling SMEs that are the major catalysts for development across the globe especially developing economies that prompted the establishment of microfinance banks is financial difficulty. Several decades after coming into existence, MFBs have not meaningfully ministered to the needs of the SMEs. The paper seeks to find out how far the MFBs have been able to bring about the economic development of FCT. The theory that guided the paper is Pecking Order theory while data were sought from secondary sources. It was discovered that, MFBs operators in the FCT, have inadequate experienced credit staff. As a young and growing industry, there is a lack of experienced staff in planning, product development, and effective client engagement. Most credit staff of MFIs in Nigeria, including FCT, are on their first jobs. Inadequate experienced staff limits expansion and institutional performance. Another finding is repayment problems. Loan delinquency poses a significant threat to the sustainability of financial institutions. It is a destructive force that plagues MFIs, demoralizes staff, and denies beneficiaries valuable services. Delinquency is a symptom of poor leadership. It is hereby recommended that there should be policies regarding loans and credit should be looked into by microfinance banks and reviewed in order to ease access to these loans. Loans and credits from microfinance banks play a significant role in business development especially being utilized effectively by business owners for growth and expansion. Availability of microfinance banks has a significant impact on business development with regards to sales and profit. As a financial institution that primarily exists for business development at the rural level, not many microfinance banks are accessible by the poor business owners at the rural areas. Hence, microfinance banks should address this by ensuring that their services are easily accessible to poor business owners seeking to expand their operations and businesses, thereby contributing to economic development. </em></p> <p>&nbsp;</p> 2024-10-11T00:00:00+00:00 Copyright (c) 2024 Authors https://journals.rcmss.com/index.php/ijcbem/article/view/1096 Effect of Internal Control Systems on Fraud Management in Nigerian Public Sector 2024-10-24T22:50:07+00:00 Daninya Michael Zeinaba abaniez2012@gmail.com Joseph Femi Adebisi michaelsagba7@gmail.com A. B. Sani michaelsagba7@gmail.com Margaret Ejima Akoje mergakoje@yahoo.com <p><em>This study examined the effect of the internal control systems on fraud management in Nigeria's public sector. Data relating to fraudulent practices, control environment, risk assessment, control activities, and top management compliance were obtained primarily from a random sample of 222 Heads of Units in the Account and Audit Departments in the Accountant General Office of the federation. These participants were directly involved in the management, financial planning, and controls. Survey design was adopted, the population of the study was one thousand two hundred and five (1205) with the sample size was two hundred and twenty-two respondents. The 184 fully completed and returned questionnaires which were coded and analyzed using descriptive regression techniques with the aid of SPSS 23 software. The results of the study revealed that control environment, risk assessment and control activities had a significant effect on fraud management in Nigeria public sector, and top management compliance has no significant effect on fraud management in Nigeria public sector. Therefore, the study concluded that the internal control system put in place in the public sector is well established and adequate for effective and efficient fraud management with adequate use of all channels of communication and information flow for proper fraud management. The study recommends among others that the internal control unit should be encouraged to maintain its independent role, such that the internal auditor should be adequately independent of those responsible for the financial operation, as well as be able to provide additional assurance on cost efficiency and effectiveness of the internal control system.</em></p> <p><strong>&nbsp;</strong></p> 2024-10-24T00:00:00+00:00 Copyright (c) 2024 Authors