1Head of, Department of Financial Studies, Redeemer's University, Pmb, 230, Ede, State of Osun, Nigeria, Email: adetosoja@gmail.com
2Doctoral Student, Department of Accounting, Bowen University, Iwo, Osun State, Email: femmyakns@gmail.com
Online published on 3 April, 2017.
The study focus on fraud control and fraud prevention in selected Nigerian commercial banks in Nigeria. The methodology used in this study was purely based on primary data, which were obtained from distribution of one hundred and fifty (150) copies of questionnaire to selected respondents. This data were then analyzed using statistical tools such as; Ordinary least square, Durbin Watson and P-value in Eviews, which were also used for the interpretation of the hypotheses in this study. The result of the analysis shows that there was significant relationship between fraud control and fraud prevention because their proxies considered in the study such as; Management control, internal audit, and whistle blowing showed a P-values of 0.0004 and 0.0001, which were lower than the 5% critical value specified in Eviews for this analysis. Based on this result, the study concludes and recommends among others things, that Management policies must be able to strengthen both fraud control and fraud prevention of commercial banks based on the sample study since the proxies of both variables have significant effect on each other.
