Abstract
This study examined the management of financial fraud in quoted companies in Nigeria. Employing a sample of 22 firms and Using the questionnaire and oral interviews as study instruments, data were obtained, and analyzed using simple percentages and frequency distribution tables. Some findings of the study are that-: (a) poor internal systems are the major cause of fraud in Nigeria organizations (b) Funds diversion is the commonest kind of fraud; (c) most business organizations do not make fraud cases public. (d) Young people within the age brackets of 31-40 years and polygamists recorded highest cases of involvement in fraudulent acts among the employees. (e) The frequency of Males involvement in fraudulent act surpassed that of females. The study however concludes that even though fraud cannot be completely eliminated from our business life, its occurrence can be minimized through better internal control systems and by placing those personality types with the least propensity to commit fraud in sensitive and vulnerable positions.
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