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Authors
- Dr EVBOTA CEPHAS IMUENTINYAN,
Department of Accounting, faculty of management sciences, LIGHTHOUSE University, BENIN CITY
2. Dr. YAHAYA SULE SUMAILA
Yahaya Sule & Co
Eguadase street, off AKPAKPAVA ROAD BENIN CITY
ABSTRACT
This study examined the effect of internal control on organisational performance iin Unity Bank Nigeria Plc. The period covers 2012-2024. Primary and secondary data’s we’re used in the investigation. The research design used was descriptive survey research design, in which a population of 50 staff of Unity bank Nigeria Plc was look into. The researcher made use of stratified sampling technique and the research instrument used during the course of this research was questionnaire. Statistical package for social sciences (SPSS) was being employed to analysed data in form of frequency tables in knowing the effect of internal control on organisational performance. Findings reveals that the calculated t-statistics for the parameter estimates was (t = 3.653), P < 0.01 which is greater than tabulated t statistics (1.9960) at 0.01 level of significance. Therefore, the Null hypothesis is rejected and Alternative hypothesis is accepted, that is there is significant relationship between internal control system and organizational performance of Unity bank Nigeria Plc. Furthermore findings also reveals that the calculated t-statistics for the parameter estimates was (t = 0.439), P < 0.01 is less than tabulated t statistics (1.9960) at 0.01 level of significance. Therefore, the Null hypothesis is accepted and Alternative hypothesis is rejected, that is, Weakness in the internal control system in Unity bank Nigerian Plc does not lead to frauds. Based on the findings of the study, it is recommended that the management of Unity bank Nigeria Plc should design more effective internal control systems by ensuring that adequate asset listings is done by management, capital assets purchased are approved by appropriate level of management and asset numbering is done to show location and protection of the assets. Also Management should encourage staff to participate in decision making. Employees feel encouraged and motivated in accomplishing the goals of the company in which they have taken part in formulating.
Keywords- internal control, performance, organisation, management,, capital asset
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