Whistle-blowing and financial malpractices in the banking industry in Nigeria

This study evaluated how whistle blowing could impact fraud in the Nigerian banking system. At the outset, three variables were examined: the amount of money involved in fraud cases, total bank assets in the banking system, and corporate governance, as well as their effects on the Nigerian banking system's whistle blowing policy. This study employed secondary data from 1990 to 2020 and evaluated it using the Johansen co-integration and the Vector Error Co-integration Model. The Johansen Co-integration demonstrated that the independent factors and the dependent variable have a long-term relationship. All of the tree independent factors were positively significant in effecting the dependent variable both in the short and long term, according to the Vector Error Co-integration Mode. The study concluded that rules such as whistleblower rewards and hidden identity are necessary to decrease fraud in the Nigerian financial system.