Bako Elisha Danazumi1
, Maklu Nanteer Yonla2 , Gani Bizum Joseph3 , Maren Isah Maram4 and Abdulkarim
Gambo Ahmed5 1,2&3Department of Accounting, Plateau State University, Bokkos 4Department of Accounting Plateau
State University, Bokkos 5 Human Resources Development Centre, Plateau State
Polytechnic, Barkin-Ladi
ABSTRACT
The study seeks to establish the contribution effect of anti-fraud policy mechanisms on
financial performance of a selected banks in Nigeria, using First Bank Jos Main Branch
as the study context. The survey was collected through a primary field data, i.e. a
questionnaire survey was gathered from forty bank respondents operating in Jos main
branch. The study employed a hierarchical regression analysis to establish the
contribution effect of the study variables. The results discovered that anti-fraud policy
mechanisms on financial performance has a greater contribution effect on financial
performance (R2change =54.5%) compared to internal control (R
2 change =19.2%). The results suggest that anti-fraud policy mechanisms matter a lot in explaining
variations in the financial performance of banking industries. Hence, the originality of
this study lies in the fact that previous studies investigated the relationship between the
five dimensions and also studies in different context on financial performance have
frequently missed the reality of the three dimensions and study in Nigeria on banking
industry financial performance.
Key words: Anti-fraud policies mechanisms, fraud detection, fraud deterrence, internal
control, financial performance and banking industry firms