The Prevention and Detection of Fraud in Small Scale Industries in Nigeria Case Study of Adegoke Group of Companies Ibadan

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THE PROPOSAL

The issue of fraud has become a serious food for through fro many corporate bodies in recent time. Consequently more time is spent on board meeting in an attempt to find situation the persistent fraudulent practice among management and non-management staff. And fraud is a wrongful or criminal deception intended to result in financial or personal gain, while fraud is a deliberate misrepresentation while causing another person suffers damage. Fraud occurs when someone gains something of value usually money of property. While small scale industries are defined by the Nigeria industrial policy as those with total investment between one hundred thousand naira (100,000.00) and two million naira (2m) exclusive of the land but including working capital. And in the layman duration, small scale is a business that starts with little capital. It is therefore evident from the above that most of the big company conglomentes today started as small and many as one-man business like A.G levants nig. Plc, john holl plc lever brothers nig, pls, pz industries plc and today they exist as multinational mega industries. The contribution of small scale industries to the economy are:

v promotion of even development and fair distribution of industrial activities throughout the country.

v Rapid expansion and diversification of the industrie and before investment.

v Transformation and modernization of traditional industries. 

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APA

Frontiers, E. & ruth, A (2021). The Prevention and Detection of Fraud in Small Scale Industries in Nigeria Case Study of Adegoke Group of Companies Ibadan. Afribary. Retrieved from https://afribary.com/works/the-prevention-and-detection-of-fraud-in-small-scale-industries-in-nigeria-case-study-of-adegoke-group-of-companies-ibadan-2

MLA 8th

Frontiers, Edu, and Ajiboye Ruth "The Prevention and Detection of Fraud in Small Scale Industries in Nigeria Case Study of Adegoke Group of Companies Ibadan" Afribary. Afribary, 23 Dec. 2021, https://afribary.com/works/the-prevention-and-detection-of-fraud-in-small-scale-industries-in-nigeria-case-study-of-adegoke-group-of-companies-ibadan-2. Accessed 02 Jul. 2022.

MLA7

Frontiers, Edu, and Ajiboye Ruth . "The Prevention and Detection of Fraud in Small Scale Industries in Nigeria Case Study of Adegoke Group of Companies Ibadan". Afribary, Afribary, 23 Dec. 2021. Web. 02 Jul. 2022. < https://afribary.com/works/the-prevention-and-detection-of-fraud-in-small-scale-industries-in-nigeria-case-study-of-adegoke-group-of-companies-ibadan-2 >.

Chicago

Frontiers, Edu and Ruth, Ajiboye . "The Prevention and Detection of Fraud in Small Scale Industries in Nigeria Case Study of Adegoke Group of Companies Ibadan" Afribary (2021). Accessed July 02, 2022. https://afribary.com/works/the-prevention-and-detection-of-fraud-in-small-scale-industries-in-nigeria-case-study-of-adegoke-group-of-companies-ibadan-2