Research Article

EFFECT OF FORENSIC ACCOUNTING TECHNIQUES ON ELECTRONIC EVIDENCE FOR FRAUD PROSECUTION IN DEPOSIT MONEY BANKS

Daniel Youmven1*, Yohanna Gyang Jugu1
1 University of Jos
* Corresponding author: youmvend@gmail.com
Published: Jul, 2026
Pages: 171-189

Abstract

This study examined the effect of Forensic Accounting Techniques on Electronic Evidence for fraud prosecution in Deposit Money banks of Plateau State. This study adopted the descriptive survey research. Population consists of six Deposit Money Banks within Jos metropolis, Plateau State comprising of First Bank, UBA, Guaranty Trust Bank, Access Bank, Keystone Bank and Zenith Bank to represent the population for this study. Oral interview was used to ascertain the total number of staff of the selected banks within Jos Metropolis totaling 200 staff. The sample size consists of One Hundred and Thirty Three (133) was ascertained using Taro Yamane (1967). Multiple linear Regression analysis was employed to measure the dependent and independent variable using Statistical Package for Social Scientists (SPSS 26). The findings revealed that electronic evidence has a significant effect on data mining technique in Deposit Money banks of Plateau State and electronic evidence has a significant effect on Computer-Assisted Auditing Tools of listed banks in Nigeria. It was recommended banks should apply should strong access management, network segmentation, endpoint protection, SIEM and retention policies and that deposit Money Banks in Nigeria should adopt formal policies for log retention, timestamp synchronization (NTP), immutable/append-only logs, and documented chain-of-custody for electronic records used in audits and investigations.

Keywords

Electronic Evidence Forensic Accounting Investigation Data Mining Technique and Computer-Assisted Auditing Tools (CAATs)

References

  1. Adetunji P.A. & Chinonso P.O. (2025). Forensic accounting in financial fraud detection: Trends and challenges, International Journal of Science and Research Archive, 14(03), 1219- 1232
  2. Adeyanju, O. D., & Adenikinju, O. (2023). Impact of Computer Assisted Audit Tools and Techniques (CAATTs) on fraud detection: Evidence from deposit money banks in Nigeria, 17(10), 1632- 1647.
  3. Afriye, S. O., Akomeah, M. O., Amoakohene, G., Ampimah, B. C., Ocloo, C. E., & Kyei, M. O. (2023). Forensic accounting: A novel paradigm and relevant knowledge in fraud detection and prevention. International Journal of Public Administration, 46(9), 615- 624.
  4. Akinadewo, I. S. & Akinkeye, E. Y. (2020). Tax evasion detection in Nigeria: Analysis of the specific forensic accounting techniques used. The Business and Management Review, 11 (1), 131- 139.
  5. Akinbowale, O. E., Klingelhofer, H. E., & Zerihun, M. F. (2021). The integration of forensic accounting and the management control system as tools for combating cyber-fraud. Academy of Accounting and Financial Studies Journal, 25(2), 1-14.
  6. Anipiriworima, Ngereho-A, Tamunonimim, Enekwe Chinedu Innocent, and Freeman Ngatuwa Tumba (2025), Effect of Forensic Accounting Skills on Fraud Management of Selected Federal Ministries, Departments and Agencies (MDAs) in Nigeria. Asian Journal of Economics, Business and Accounting 25 (3), 38-48.
  7. Al-Khalidi, S. H. (2012). A proposed framework for judicial accountability and its role in discovering fraud. Financial, unpublished PhD thesis, University of Baghdad
  8. Firmanza, F., Abidin, R., & Ruswanda, I. (2022). The Important Role of Forensic Accounting And Investigative Audit in Fraud Prevention and Disclosure. Jurnal Pendidikan dan Konseling (JPDK), 4(4), 4600-4617.
  9. Ewa, U. E. (2022). Fraud management and forensic accounting in Nigeria. Journal of Business and Finance Research: Accounting, 14(1), 19–29.
  10. Fyneface N. A. & Oseiweh, O. S. (2017). Forensic accounting and fraudulent practices in the nigerian public sector. International Journal of Arts and Humanities, 2(1), 171- 181.
  11. Gbegi D.O. & Ezekiel, H. (2017) examines effect of forensic accounting evidence on litigation service in the Nigerian Judicial system, Nigerian Journal of Management Sciences 6(1), 105-113.
  12. Gideon T. A., Omolara V. A. (2024), Forensic Accounting and Corporate Fraud in Deposit Money Banks in Nigeria. African Journal of Accounting and Financial Research 7(2), 133-149
  13. Haruna, R. A., Suleiman, A. S., Fowokan, E. T. & Karimu, M. (2021). Forensic accounting techniques and fraudulent practices in Nigeria public sector. Journal of Forensic Accounting and Fraud Investigation, 6(1), 1-22.
  14. Ismail A.F. & Nagi A. (2024). Digital Forensic Accounting: An Overview, International Journal of Computer Science and Mobile Computing, 13(8), 99 – 106.
  15. Mayor, E., & Bangerter, A. (2016). Flexible coordination of stationary and mobile conversations with gaze: Resource allocation among multiple joint activities. Frontiers in Psychology, 7, Article 1582.
  16. Mittal, P., Kaur, A., & Gupta, P. K. (2021). The mediating role of big data to influence practitioners to use forensic accounting for fraud detection. European Journal of Business Science and Technology, 7(1), 47-58.
  17. Moses, IK., Jibrin SM., & Success, BE (2022) Investigating the entrepreneurial action of small-scale enterprises for sustainable development in Nigeria. International Journal of Health Sciences, 6 (4), 11-54.
  18. Ogah Idagu Joseph (2025). An Empirical Study of Forensic Accounting and Fraud Management by Listed Banks in Nigeria. African Journal of Accounting and Financial Research 8(1), 16- 32.
  19. Ogundana, O. M., Okere, W., & Asaolu, T. O. (2021). Electronic evidence and forensic accounting: Implications for fraud detection and litigation support in Nigeria. Journal of Accounting and Financial Management, 7(2), 45- 58.
  20. Ojo- Agbodu, A., Abiola, J., & Ndubusi, E. I. (2022). Effect of forensic accounting on fraud detection and prevention in selected quoted deposit money banks in Nigeria. Fuyo Journal of Finance and Contemporary Issues, 3(2), 36- 48.
  21. Okoye, E. I, & Gbegi, D. O. (2013). Forensic accounting: A tool for fraud detection and prevention in the public sector. (A study of selected ministries in Kogi State). International Journal of Academic Research in Business and Social Sciences, 3(3), 1- 18.
  22. Omonuk, J. B., & Oni, A. A. (2015). Computer Assisted Audit Techniques and audit quality in developing countries: Evidence from Nigeria. Journal of Internet Banking and Commerce, 1(20), 127.
  23. Onamusi G. E., Musa A. Farouk, Benjamin D. Uyagu, Jacob S. Ekele, (2024). Effect of digital forensic accounting technological tools on fraud detection among quoted deposit money banks in Nigeria, International Journal of Capacity Building in Education and Management (IJCBEM), 6(5), 45- 57.
  24. Otaru H.S., & David B.U., (2023). Forensic Accounting Investigation Techniques and Fraud Detection and Mitigation of Listed Deposit Money Banks in Nigeria. Benin Journal of Accounting, Finance and Forensic Science Research, 3(1), 1- 18.
  25. Oluyide, S. E. (2025). The impact of forensic accounting techniques in mitigating electronic fraud in Nigeria's deposit money banks. Journal of Forensic Accounting Profession, 5(1), 43- 63.
  26. Oyedokun, G.E (2019). Forensic accounting: Curbing fraudulent activities in Mainoma, M.A.& Oyedekun G.E ed. Forensic accounting research developments, Lagos: Association of Forensic Accounting Researchers (AFAR)
  27. Sabo, A., Saidu, H. & Muhammed, N. (2024). Forensic Accounting In Fraud Detection And Prevention: A Literature Review, Journal of the Management Sciences, 61 (8), 120- 134.
  28. Safiyanu, S., Safiyanu, S. I. & Armaya'u, A. S. (2019). The Effect of Forensic Accounting Investigation in Detecting Financial Fraud: A Study in Nigeria. International Journal of Academic Research in Business & Social Sciences, 9(2), 545- 553.
  29. Sani A.I. & Austin N. (2021). Forensic investigation and evidence gathering procedure for fraud detection and reporting: a theoretical discourse. UMYU Journal of Accounting and Finance Research, (2), 1, 72- 86.
  30. Tekavčič, M., & Damijan, S. (2021). Forensic Accounting vs Fraud examination: Roles, Importance and Differences. Journal of Forensic Accounting Profession, 1(2), 29- 47.
  31. Uche, O.C., Farouk, M.A., & Uyagu B. (2025). Effect of forensic accounting techniques on fraud detection by professional accounting firms in Plateau State. International Journal of Research (IJR), 12(2), 645- 665.
  32. Udeh, S.N. & Uguw, J. I. (2018). Fraud in Nigerian banking sector. International Journal of Academic Research in Business and Social Sciences, 8(5), 589- 607.
  33. Uduehe, E.M., Okoye, E.I. & Amahalu, N.N. (2024). Forensic accounting techniques and fraud management of commercial banks in Awka- South Anambra State, Journal of Global Accounting, 10(2), 307 - 346.
  34. Uguw, I. V. (2020). Implementation of data mining algorithms in detection of fraud in banks: Evidence from Nigeria. Journal of Accounting, Business and Social Sciences, 3(2), 1- 23.
  35. William S. I. & Gabriel F.G. (2020). Forensic evidence: how does admissibility influence weight in the law of evidence?, International Journal of Business, Economics and Law, 21(5), 53- 65.
  36. Wakili, S. A., Obisesan, O. O., & Ekpenisi, C. (2025). Legal framework and challenges concerning forensic evidence in Nigeria. Trunojoyo Law Review (TLR), 7(1), 33- 64.
  37. Wells, J. T. (2012). Foreword on Benford's law: Application for forensic accounting, auditing, and fraud detection. New Jersey: John Wiley & Sons, Inc., 5(8), 11- 12.
How to Cite

Youmven, D., & Jugu, Y. G. (2026). EFFECT OF FORENSIC ACCOUNTING TECHNIQUES ON ELECTRONIC EVIDENCE FOR FRAUD PROSECUTION IN DEPOSIT MONEY BANKS. Nigerian Accounting Horizon Journal, 11(1), 171-189.

D. Youmven, and Y. G. Jugu, "EFFECT OF FORENSIC ACCOUNTING TECHNIQUES ON ELECTRONIC EVIDENCE FOR FRAUD PROSECUTION IN DEPOSIT MONEY BANKS," Nigerian Accounting Horizon Journal, vol. 11, no. 1, pp. 171-189, July 2026.

Share this article:
Facebook X / Twitter LinkedIn
Download PDF View Full Text (PDF) Back to Articles