Fraud and Corruption Practices in the Public Sector; the Impact of Forensic Accountants : Comparative Study of Cameroon and Nigeria

The current study research is based on a Doctorate dissertation conducted by Mr. Kelly Mua Kingsley under the supervision of Professor Alain Ndedi, assisted by Professor JJ Asongu and Professor Rafael Bisaliev at the Saint Monica University. Fraud and Corruption Practices in Public Sector; the impact of forensic accountants: Comparative Study of Cameroon and Nigeria' Fraud and corruption have eaten deep into the fabric of most economies with grievous effects that have limited the growth and infrastructural development of many nations and led many firms to the road of bankruptcy. Fraud is rarely seen but the symptoms of fraud are usually observed. Over the years, fraud and corruption has eaten deep into virtually all sectors in developing nations to the deterrence of real growth. The study is to determine the level of fraud and corrupt practices and how to curb the menace in Cameroon and Nigeria. Since this study intends to compare fraud and corruption (FAC) practice in public sector in Cameroon and Nigeria, the broken trust theory is preferred because it provides a framework to uncover the determinants of and possible motivations behind FAC practice in the public sector of an economy. To achieve this, a grand total of 750 copies of questionnaire were distributed among selected auditors, academics, forensic experts, law enforcement agents, risk managers and Ministries Departments and Agencies (MDAs) employees (junior and senior staff) and private sector employees. In addition, survey research method was used to obtain primary data that were collated, analyzed, summarized and interpreted accordingly, with the aid of statistical tools considered appropriate for the study. The findings presented graphically and in a tabular form using charts, Percentile Average for comparative analysis of data obtained in MDAs in Cameroon and Nigeria. The research finding shows that there is significant relationship between fraud and corruption practice and economic growth and development in the public sector in Cameroon and Nigeria. Based on the findings of this study, it is recommended that for an effective and enduring anti-corruption campaign, each component MDAs in the Public Sector need to localize government's efforts to sanitize the polity