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An Evaluation Of Financial Malpractices On The Service Producing Companies Of Nigeria
[A Case study of P.H.C.N]
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RESEARCH QUESTIONS
These research questions are used in assessing the problem of the research study;
i. To what extent are financial malpractices hindering the development in the Power Holding Company of Nigeria (PHCN)?
ii. Does the Nigerian Government encourage corruption by the amount they are paying as salary to the service company workers?
iii. Is the low the investment attraction in Nigeria caused by the role of corruption in the Power Holding Company of Nigeria (PHCN)?
iv. To what extent is the under – development of power Holding Company of Nigeria caused by injustice in the system?
v. Is there any basic standard for recruiting personnel into the service companies of Nigeria?
vi. Are the roles of financial malpractices in Power Holding Company of Nigeria development constrained by psychological loss of faith in the government?
1.12 OBJECTIVES OF THE STUDY
The main objective of this research study is;
i.) To evaluate the extent of financial malpractices in the service producing companies of Nigeria. Other specific objectives to be pursued are:
ii.) To examine the extent of financial malpractices in the Power Holding Company of Nigeria.
iii.) To evaluate the cause and effect of financial malpractice in the service companies of the entire economy.
iv.) To have a rational resolution on this research study thereby assisting the populace to develop the economy on the long run.
v.) To make recommendation based on the research findings on the impact of financial practice, on the service providing companies in Nigeria.
1.13 STATEMENT OF HYPOTHESES
The following hypotheses is stated for the purpose of this research study;
I - Hypothesis I
Null Hypothesis, (Ho): Power Holding Company of Nigeria development is constrained by the retro-active role of financial malpractices in the public sector.
Alternative Hypothesis (Hi): Power Holding Company of Nigeria development is not constrained by the retro-active role of financial malpractices in the public sector.
2- HYPOTHESIS II
Null, Hypothesis (Ho): There is a negative implication on service companies in Nigeria caused by corrupt leaders and financial malpractices.
Alternative Hypothesis (Hi): There is no negative implication on service companies in Nigeria caused by corrupt leaders and financial malpractices.
1.14 JUSTIFICATION FOR THE STUDY
There are many Nigerians that have seen reasons in embarking on this research study of evaluating financial malpractices in different sectors, of the economy. Many of those that carried out this researches are renowned in the country they include Chinwa Achebe, (2005). Gain Fawemi (2007) and the latest research carried on by SAN, Afe Babalola, (2011). The above mentioned researcher did well but they are unable to complete some aspect of their research, this include, privatization of PHCN, Billing system, money laundering cases, corrupt politician cases and some outcome from litigation which are to be covered in this study.
This study will also made known the way out of the cankerworm of financial malpractices that are pervasive in the Nigerian economy.
1.15 SIGNIFICANCE OF THE STUDY
The significance of this research study cannot be over emphasized as it analyzes the effect of financial malpractice in the Nigeria service companies. It will assist many stakeholders in the economy like entrepreneur, students and telecommunication companies to mention but few by reducing their cost of production; it will also lead to increase in the public trust in government and its institution.
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTThe recent occurrence of financial malpractices in the service producing companies in Nigeria has made the country economic condition to be deteriorating on a geometrical bases, this has really caused an adverse effect on the entire economy. Financial malpractices are stooge that has to be up rooted and totally eradicated; else the entire sector of the economy will be eaten up by the menace.This research study is embarked upon to evaluate the effect of financial malpractice on the servic ... Continue reading---
