DELEGATION OF AUTHORITY AND EMPLOYEE MOTIVATION IN REGISTRY DEPARTMENT, FEDERAL POLYTECHNIC, BIDA, NIGER STATE, NIGERIA

IBRAHIM ABUBAKAR MIKUGI, USMAN BABA UMAR & MOHAMMED YAHAYA

Department of Business Administration and Management

The Federal Polytechnic, Bida, Niger State, Nigeria

Email: tatafoundation@hotmail.com

ABSTRACT

The primary purpose of delegation of Authority is to make work in organisation possible, just as managers or superiors cannot do all the task necessary as an organisation grow in both size and resources. This paper examined delegation of authority and employee motivation in registry department, Federal Polytechnic, Bida. The study examined delegation of authority and employee’s motivation and how this can lead to attainment of organisational objective in Federal Polytechnic, Bida. The methodology used was a structured question using Likert Scale Rating to collect and analyse data. The study area is the registry department, Federal Polytechnic, Bida. A total of thirty five (35) questionnaires were administered to employees in registry department to elicit adequate information but only twenty four (24) questionnaires were returned. The analyses were done as based on the questionnaires returned. Findings reveal that delegation of authority on employee motivation in registry department, Federal Polytechnic, Bida can lead to the employee’s motivation and attainment of the Polytechnics goals and objective. The paper concludes that delegation of authority by superiors in registry department in Federal Polytechnic, Bida, is necessary since the superior cannot perform all jobs in their various units. The researcher therefore recommended that superior officers in registry department, Federal Polytechnic, Bida, should endeavour to accommodate the mistake of subordinates. This is obvious because majority of respondents that superiors in strongly agreed that superiors in registry department, Federal Polytechnic, Bida are not willing to accommodate mistake made by subordinates.

Keywords: Motivation, Delegation of Authority. Employees and Job Responsibility

THE IMPACT OF COOPERATIVE SOCIETY ON THE ADVANCEMENT OF MARKETING ACTIVITIES IN OGUN STATE. (A STUDY OF ONWARD COOPERATIVE INVESTMENT AND CREDIT SOCIETY)

^1*Abiaziem, F. U., & ²Okwara, C.C.

¹Department of Marketing, Federal Polytechnic, Ilaro, Ogun State Nigeria       

²Department of Banking & Finance, Federal Polytechnic, Ilaro, Ogun State Nigeria

Email: brandfortifiers@yahoo.com

ABSTRACT

The need to bring about lower marketing cost, better marketing services, improvement in the quality of  products, elicit demand, extension of production credit and so on has led to the formation of some cooperative societies. Our focus is on the impact of cooperative societies in the advancement of marketing activities in Ogun State. Its objectives are to identify the impact of cooperative societies in securing fair price, enhancing the distribution/storage system and creating awareness for its members’ products. Descriptive research design was adopted; the study population comprised all the members of onward cooperative society in Ogun State. Using non-probability (judgmental) sampling method, 120 questionnaires were administered of which 80 were retrieved. Descriptive statistics and multinomial logistic regression were used to present demographic data and the test of hypotheses respectively.  The study revealed that cooperative societies have greatly impacted the advancement of marketing activities of its members in terms of securing better pricing, efficient distribution process, improved storage facilities and efficient marketing communication strategies. In line with the findings, the researchers therefore recommended that cooperative societies should continue to increase and provide necessary marketing support so as assist members increase their productivity and enhance the quality of their output.

Keywords: Cooperative, Credit, Investment, Marketing and Advancement.

TRANSPARENCY AND ACCOUNTABILITY: KEYS TO SUCCESSFUL FINANCIAL MANAGEMENT IN NIGERIAN TERTIARY INSTITUTIONS

Olu. Adesola Famade

Department of Educational Foundations

Kano University of Science and Technology, Wudil, Kano State, Nigeria.

Email: solamade63@gmail.com

ABSTRACT

Transparency and Accountability are key elements of good governance, be it at governmental or institutional levels. Transparency is all about free flow of information while Accountability presupposes that holders of public or institutional office should and must be accountable to the various stakeholders. When fully and properly applied, financial transparency and discipline could help fight and minimize corruption, ensure good governance at both public and institutional levels, and promotes sustainable development. The Nigerian tertiary institutions, universities in particular, being the citadels of learning are expected to play leading roles in the fight against corruptive tendencies by providing a pathway to financial prudency in the management of their finances and resources.

Keywords: Transparency, Accountability, Financial Accountability, Fiscal Discipline, Fiscal Transparency, Finance Management.

IMPLICATIONS OF TREASURY SINGLE ACCOUNT (TSA) ON HUMAN RESOURCE MANAGEMENT AMONGTS COMMERCIAL BANKS IN BIDA METROPOLIS, NIGER STATE, NIGERIA

Ibrahim Abubakar Mikugi, Musa Ibrahim & Suleiman Mustapha

Department of Business Administration and Management

The Federal Polytechnic, Bida, Niger State

Email: tatafoundation@hotmail.com

ABSTRACT

Nigeria government has found it difficult to know what constitute her revenue receipt and expenditure; this was due to numerous accounts operated by government Ministries, Departments and Agencies with commercial banks without proper linkages with the Central Bank of Nigeria. This paper examines the implications of Treasury Single Account (TSA) on Human Resource Management amongst commercial banks in Bida Metropolis, Niger State. The objective of the research paper was to find out whether treasury single account policy can lead to reduction in workforce and as well deposit mobilization amongst commercial Banks in Bida Metropolis. The methodology used was a structured statements using Likert Scale Rating Method. Questionnaire was administered to sixty seven (67) staff of eight Banks in Bida. However, fifty four (54) questionnaires were returned. Analysis was done using Statistical Package for Social Science (SPSS). Findings revealed that introduction of treasury single account will affect deposit mobilization in commercial banks. The paper concludes that the single treasury policy is aimed at effective control of government funds thereby facilitating smooth financial implementation. Recommendations were given which includes the need for Staff in Banks to be more committed and dedicated to their work in order to prevent possible consideration for lay-off. Strict measures should be taken to monitor and control the implementation of treasury single account as findings revealed that the introduction of treasury single account is not capable of wiping out corruption in the financial system.

Keywords: Human Resource Management, Single Treasury Account, Commercial Banks

FRAUD PREVENTION IN ENTERPRISE RISK MANAGEMENT OF CORPORATE ORGANIZATIONS IN NIGERIA

Nwadighoha Chinedum Ephraim

Department of Accounting,

Michael Okpara University of Agriculture Umudike, Abia State Nigeria

Email: chinedumnwadighoha@yahoo.com

ABSTRACT

In the absence of workable internal control measures, the tendency of fraud prevention, detection and corrective measures become an inevitable process in any organization. Consequently, the study investigated fraud detection and enterprises risk management of corporate organizations in Nigeria. A population and sample size of one hundred and nine (109) corporate organizations in Nigeria were chosen for the study. Ordinary Least Square Regression analysis was used to test the hypotheses and the findings revealed that weak internal control measures would make it difficult for indices of fraud to be prevented and the cost of its investigation, detection and corrective measures may not be justified as it would not be commensurate with the amount lost and the image of the organizations being put in a bad light. It was therefore, recommended that control and workable internal control measures if put in place, would forestall the employees and the management from committing fraud and the prosecution and litigation cost will be greatly minimized or completely eliminated from the financial statements of such corporate originations in Nigeria. 

Keywords: Fraud Prevention, Detection, Corrective Control, and Enterprise Risk Management

Tony Ikechukwu Nwanji1, Kerry E. Howell2, Esther Monisola Alao3, Adedoyin Isola Lawal4, Sainey Faye5

^1&4Department of Accounting and Finance, Landmark University, Nigeria,

²Plymouth Business School, Plymouth University, UK

³Department of Business Studies, Landmark University, Nigeria

⁵Department of Accounting and Finance, Buckinghamshire New University Buckingham, UK

Email: nwanji.tony@lmu.edu.ng, kerry.e.howell@plymouth.ac.uk, alao.monisola@lmu.edu.ng, lawal.adedoyin@lmu.edu.ng, sainey.faye@bucks.ac.uk

ABSTRACT

The study investigates the rationales for human action to determine whether individual members of corporate boards act in ethically and truthfully. It involves some difficulties regarding interpretations of ethics and what it means to tell the truth and act ethically. This paper initially provides a discussion regarding theoretical notions of truth and ethical positions about issues raised regarding expedient lying and impacts on communication. Second, it overviews matters relating to corporate governance and identifies methodological approaches to be used in the analysis. Finally, the precise questions to be investigated and methods of data collection are posted. In this context, problems the study may encounter are outlined and workable solutions identified. In short, the research deals with the area of study (corporate governance) about telling the truth, ethical perspectives and institutional decision-making. The study draws together distinct philosophical perspectives that are usually used in isolation. Moreover, provide only one aspect of understanding and enable validity or reliability; the study provided greater insight into the rationale for human action in the context of telling the truth and acting ethically.

Keywords:  Corporate Governance, Business Ethics, Telling the Truth, Corporate Social   Responsibility, Shareholders and Stakeholders