Employees Fraudulent Practices and Entrepreneurial Development in Selected Microfinance Banks in Oyo State, Nigeria

Abstract

This study examined Employee Fraudulent Practices on Entrepreneurial Development in selected Micro Finance Banks (MFBs) in Oyo State, Nigeria. Entrepreneurial development is positive change and progress in all forms of business activities of the owner of resources. This study employed a descriptive research design; the population comprised 25 microfinance banks in Oyo state, Nigeria. A sample size of 615 respondents of the total population was used. This study employed questionnaires as research instruments. Data of this study were analyzed using frequency distribution count and simple percentages, Pearson Moment Correlations with the aid of Statistical Package for Social Science (SPSS). Also, the descriptive statistical tool was used to illustrate the demographic characteristics of the respondents. The results of the analysis in this study revealed that; there was a significant relationship between fraudulent practices among employees of microfinance banks (MFBs) and entrepreneurial development in MFBs. The study concluded that fraudulent practices among employees of Microfinance banks in Oyo state would contribute adversely to the entrepreneurial development of microfinance bank owners in Oyo state. Therefore, the study recommends that employees in MFBs be trained and retrained to enhance their capacities and improve quality services to boost the profit and development of entrepreneurship