FRAUD PREVENTION AND DETECTION IN NIGERIA: THE ROLE OF E-NAIRA


MUAZU, Abdullahi Muazu
Department of Accounting
Sule Lamido University Kafin-Hausa
muazumuaz@gmail.com
ABDULLAHI, Sadiq Rabiu
Department of Accounting Bayero University Kano
assadiqu2000@yahoo.com

ABSTRACT
This study paper explores the capacity of e-naira to detect and prevent fraud in Nigeria. The paper looked
closely at the relevance of e-naira in fraud detection and prevention. The paper serve as a basis for
expanding relevance of e-naira. The evidence found in literature indicate that e-naira has in-built features
and the capacity to prevent and detect fraud in Nigeria. The most beneficial aspect of e-naira is its ability
to generally reduce opportunities for fraudulent activity, provides a secure platform for payment, and
enable faster detection and investigation of fraudulent activities. This observation is important for policy
makers, practitioners, and members of the scientific community in light of the increasing prevalence of
fraud in Nigeria. However, further research is needed to explore the full potentials of e-naira in terms of
its specific features and impact on Nigerian society.
Keywords: Central bank digital currency, CBN e-naira, crypto currency e-Naira

Leave a Comment