CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The economic growth and development of any economy largely depend on the ability to raise capital through the capital market. The Nigerian stock exchange is a place where the enormous capital which is required to operate the huge industrial and commercial cooperation today can be raised.
Osaze (1991) asserted that the emergence of the institution of the Nigerian stock exchange is a spontaneous reaction of the enterprise economies. The significance reaction of the stock exchange in an economy such as our own cannot be over emphasized, for it is the bed-rock of large scale investment. The Nigerian government hopes to create an economy which would bring about the best in its citizens, compete effectively in the global market and improves the standard of living of its people. An economy where hard work, accountability and transparency would be the cardinal principle that both foreign and local investors would be proud to participate in. once investors looses confidence as a result of market abuse, the growth and development of capital market would be adversely affected and considerable effort would be required to restore confidence.
To be globally attractive and completive, the stock market must be seen to imbibe practices which are globally acceptable. For this reason government tries to put in place adequate regulatory mechanism to prevent or at least minimize market abuse in order to uphold the integrity and confidence that is very essential for the development of a viable and sustainable capital market.
The Nigerian stock exchange is the centre point of the Nigerian capital market. However, the Securities and Exchange Commission (SEC) and the central bank of Nigeria (CBN) are the apex regulatory bodies to the capital market. The tendency of our financial structure has been to channel loans to industries of the past rather than the future (i.e. the rich third world countries). This has become invariably clear that even those external financiers are eroding, thus the need for our own structure in Nigeria to meet up with the excess demand for capital to finance gigantic projects and businesses.
The international organization such as the world bank group are very conscious of the high risk involved in venture of loan given to third world countries which will eventually evade payment of such loans.
There is every need to meet such demand and requirements for smooth and long lasting system for sourcing of such requisite finance.
The study therefore examines in order to evaluate what regulatory bodies have done to ensure the development and sustenance of a viable capital market that will meet global challenges.
1.2 STATEMENT OF THE PROBLEM
For an emerging market like Nigeria, the stringent control measures put in place to regulate the activities of the Nigerian stock exchange for the smooth running is a very huge problem that is hindering the development of the market. The researcher hopes to seek for solution(s).
Regulators in our emerging market are also faced with a problem of ignorance, Nigeria with a population of 160 million, and half of the populations are ignorant about the investment opportunities that abound in the capital market. This is also a monumental problem that the researcher hopes to proffer solution to. Only if solutions to the stated problem are provided that the research work will be significant
1.3 THE OBJECTIVE OF THE STUDY
The objective of this study is to seek for the means of relaxing the stringent control measure put in place to regulate the activities of the Nigeria stock exchange to make it run smoothly and effectively.
To educate and sensitize Nigerians who are ignorant of the investment opportunities that are available in the Nigeria capital market. If about 160 million or half of the population invest in the capital market that will bring about a viable development and sustained growth in the Nigerian capital market.
1.4 RESEARCH HYPOTHESES/QUESTIONS
Hypothesis is the method used by the researcher to test and prove guess statement in connection with the problem of the research being carried out in this study to confirm on the hypothesis made.
NULL HYPOTHESIS Ho- the impact of the regulatory bodies on the Nigerian capital market has not enhanced the listing of more companies on the floor of the Nigerian stock exchange.
ALTERNATIVE HYPOTHESIS Hi- the impact of regulatory bodies on the Nigerian capital market has enhanced the listing of more companies on the floor of the Nigeria stock exchange.
1.5 THE SIGNIFICANCE OF THE STUDY
The significance of this study cannot be over-emphasized. The research will contribute to the existing body of knowledge in the capital market administration; it will help the director general of the Nigerian stock exchange and his or her management team by exposing some means through which they can improve their performance towards meaningful achievement therefore, this study will have the following significance, the study will evaluate the impact of the regulatory bodies in developing a viable and sustainable capital market. Whether it has helped increased the aggregate of listing of more companies on the floor of the Nigerian stock exchange or not. When it is found out to be negative solution will be suggested.
In this regards, the research work will be significant to the following:-
1. The director general and his or her management team.
2. The Nigerian stock exchange (NSE)
3. Academicians. It will serve the purpose of arousing deep thought and genuine interest on the subject matter for further research.
4. The stock market operators.
5. The public as well need the knowledge to be able to assess the performance of the stock market
6. Government, regulatory bodies such as the Securities and Exchange Commission and the Central Bank on Nigeria
7. Non governmental organization(NGOs)
8. Financial analysts
9. Foreign and local investors
10. The general public
1.6 THE SCOPE OF THE STUDY
The scope of this research is limited to Nigerian Stock Exchange. The researcher will focus on the evaluation of the impact of regulatory bodies in developing a viable and sustainable capital market in Nigeria. In essence, the researcher will look at the regulatory frame work put in place to ensure the development of an effective and efficient capital market. Between 2005-2010
1.7 HISTORICAL BACKGROUND OF THE CASE STUDY
The Lagos stock exchange (LSE) established in 1961 became the Nigerian stock exchange (NSE) in 1977 as the hub of the capital market activities where media and long term financial securities are traded. NSE provide avenue where by sellers and buyers exchange securities at mutually satisfactory prices thereby creating liquidity through its price mechanism. Initially NSE had a set of requirement to be fulfilled before a company is enlisted in the stock exchange market, but in 1985 another requirement for enlistment were issued to allow smaller and particularly wholly individual enterprise to be registered with the stock exchange. Securities that met the initial requirement are referred to as first-tier securities, whereas securities that could meet only the next set of requirement are referred to as second-tier securities. As such there are two types of securities market in NSE, First-tier securities market (FSM) and second-tier securities market (SSM).
There was an attempt for establishment of Abuja stock Exchange (ASE) apart from the Nigerian stock exchange (NSE) which is to be named as Lagos stock exchange (LSE) but the federal government of Nigeria later changed the ASE to Abuja commodity Exchange in 2001 however, the attempt for establishment of ASE was done in order to enhance the efficiency of the stock market activities in the country through healthy competition by the two stock exchanges instead of monopoly by a single institution.
ISSUING HOUSE: issuing houses are institution that advise assist and sometimes undertake the issuance of securities for companies that want to raise funds in the capital market in Nigeria issuing house are primarily merchant bank and stock brokerage firms which set some requirement for a company before accepting to package and act as agent for the company in the said issue. Some of these requirements include level of growth in profitability adequacy of working capital, spread of risk of the venture, size of company and soundness of management decision.
SHARE REGISTRARS: A share registrar could be the secretary of a listed company or an institution, which maintains the register of shareholders for a company that has raise funds from the capital market. The registrar is responsible for issuing share certificate to the shareholders. In Nigeria the major share registrars are three (3) big banks in the country. (UBA, FBN and Union Bank). Stock brokerage firms and some trading companies.
UNIT TRUSTS: Unit trusts are new institutions arrangement in Nigeria for mobilizing the financial resources of small savers for investments in the capital market and managing such resources to achieve maximum return possible with minimum risk through efficient portfolio diversification. Companies and Allied Matters Decrees of 1990 provides the legal framework for establishment of unit trusts in Nigeria. These trusts pool the funds of the public by selling the shares of the trusts and investing the funds mobilized in the capital market securities. The holders of trusts shares are given dividend or capital gain on pro-rate basis.
STOCK BROKERAGE FIRMS: A stockbroker is a firm or an individual who buys and sells securities on behalf of investors on the floor of the Stock Exchange for a Commission called brokerage. Issuing houses originate and sometimes underwrite securities issues, stockbroker distribute and market securities. Issuing houses are also stock brokers in Nigeria and some affiliate companies of merchant banks.
1.8 DEFINITION OF TERMS
Private Placement: One of the pre-requisite for a company to be listed on the NSE is for it to do private placement. This is done in private without advertisement where a particular set of investors not necessarily the public is informed about the offer and invited to invest in a company.
Initial Public Offer (IPO): An IPO is when a company is offering its shares for sale for the first time to the general public. Many companies e.g. Zenith Bank, NAHCO, Dangote Sugar Refinery Plc etc have had IPOs in the past.
Right Issue: This occurs when a company wants to raise money, but only through existing shareholders of the company. Shares are allocated to already existing investors.
Bears and Bulls: This is an investment jargon used to describe the market movement. When the market is bearish it means most stock prices fell, but a bullish market is one in which most stock prices are going up.
Market Capitalization: The market capitalization of a company is what it is worth on the Stock Exchange. It is an easy way to evaluate the worth of a company. It is simply the market price of the stock multiplied by the overall issued shares of the company.
Blue Chip Company: These are shares of companies with long track record of good performance, stability and earnings.
Listing: A company is said to be listed when its shares are quoted on the floor of the stock exchange. This enables the shares of the company to be easily traded on the stock market. Regulatory Bodies
Call Price: The price at which a security with a call provision can be repurchased by the issuer prior to the security maturity period.
Net Asset Acquired: These are proportions of shares in nominal value and the reserves as at the date of acquisition of the company. Regulatory Bodies
Minority Interest: These are the net assets (i.e. shares capital and reserves due to the other shareholders in the company other than the holding company). Regulatory Bodies

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BANK ACCOUNTS
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OR
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HOW TO IDENTIFY SCAM/FRAUD
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No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner

CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project. Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.

That you ordered this material shows you have agreed not to copy word-to-word.

FOR MORE INFORMATION, CALL:
08058580848, 08140350866

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www.greatmindsprojectsolution.com
www.achieversprojectmaterials.com
www.naijasplash.com
www.achieversprojectmaterials.blogspot.com
www.achieverprojectmaterial.blogspot.com
www.acheiversprojectmaterials.blogspot.com
www.archieverprojectmaterials.blogspot.com
www.acheiversprojectmaterials.blogspot.com.ng
www.archieverprojectmaterials.blogspot.com.ng
www.achieversprojectmaterials.blogspot.com.ng
www.achieverprojectmaterial.blogspot.com.ng
www.achieverprojectmaterial.wordpress.com
www.achieversprojectmaterials.wordpress.com
www.acheiversprojectmaterials.wordpress.com
www.archieverprojectmaterials.wordpress.com

CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The economic growth and development of any economy largely depend on the ability to raise capital through the capital market. The Nigerian stock exchange is a place where the enormous capital which is required to operate the huge industrial and commercial cooperation today can be raised.
Osaze (1991) asserted that the emergence of the institution of the Nigerian stock exchange is a spontaneous reaction of the enterprise economies. The significance reaction of the stock exchange in an economy such as our own cannot be over emphasized, for it is the bed-rock of large scale investment. The Nigerian government hopes to create an economy which would bring about the best in its citizens, compete effectively in the global market and improves the standard of living of its people. An economy where hard work, accountability and transparency would be the cardinal principle that both foreign and local investors would be proud to participate in. once investors looses confidence as a result of market abuse, the growth and development of capital market would be adversely affected and considerable effort would be required to restore confidence.
To be globally attractive and completive, the stock market must be seen to imbibe practices which are globally acceptable. For this reason government tries to put in place adequate regulatory mechanism to prevent or at least minimize market abuse in order to uphold the integrity and confidence that is very essential for the development of a viable and sustainable capital market.
The Nigerian stock exchange is the centre point of the Nigerian capital market. However, the Securities and Exchange Commission (SEC) and the central bank of Nigeria (CBN) are the apex regulatory bodies to the capital market. The tendency of our financial structure has been to channel loans to industries of the past rather than the future (i.e. the rich third world countries). This has become invariably clear that even those external financiers are eroding, thus the need for our own structure in Nigeria to meet up with the excess demand for capital to finance gigantic projects and businesses.
The international organization such as the world bank group are very conscious of the high risk involved in venture of loan given to third world countries which will eventually evade payment of such loans.
There is every need to meet such demand and requirements for smooth and long lasting system for sourcing of such requisite finance.
The study therefore examines in order to evaluate what regulatory bodies have done to ensure the development and sustenance of a viable capital market that will meet global challenges.
1.2 STATEMENT OF THE PROBLEM
For an emerging market like Nigeria, the stringent control measures put in place to regulate the activities of the Nigerian stock exchange for the smooth running is a very huge problem that is hindering the development of the market. The researcher hopes to seek for solution(s).
Regulators in our emerging market are also faced with a problem of ignorance, Nigeria with a population of 160 million, and half of the populations are ignorant about the investment opportunities that abound in the capital market. This is also a monumental problem that the researcher hopes to proffer solution to. Only if solutions to the stated problem are provided that the research work will be significant
1.3 THE OBJECTIVE OF THE STUDY
The objective of this study is to seek for the means of relaxing the stringent control measure put in place to regulate the activities of the Nigeria stock exchange to make it run smoothly and effectively.
To educate and sensitize Nigerians who are ignorant of the investment opportunities that are available in the Nigeria capital market. If about 160 million or half of the population invest in the capital market that will bring about a viable development and sustained growth in the Nigerian capital market.
1.4 RESEARCH HYPOTHESES/QUESTIONS
Hypothesis is the method used by the researcher to test and prove guess statement in connection with the problem of the research being carried out in this study to confirm on the hypothesis made.
NULL HYPOTHESIS Ho- the impact of the regulatory bodies on the Nigerian capital market has not enhanced the listing of more companies on the floor of the Nigerian stock exchange.
ALTERNATIVE HYPOTHESIS Hi- the impact of regulatory bodies on the Nigerian capital market has enhanced the listing of more companies on the floor of the Nigeria stock exchange.
1.5 THE SIGNIFICANCE OF THE STUDY
The significance of this study cannot be over-emphasized. The research will contribute to the existing body of knowledge in the capital market administration; it will help the director general of the Nigerian stock exchange and his or her management team by exposing some means through which they can improve their performance towards meaningful achievement therefore, this study will have the following significance, the study will evaluate the impact of the regulatory bodies in developing a viable and sustainable capital market. Whether it has helped increased the aggregate of listing of more companies on the floor of the Nigerian stock exchange or not. When it is found out to be negative solution will be suggested.
In this regards, the research work will be significant to the following:-
1. The director general and his or her management team.
2. The Nigerian stock exchange (NSE)
3. Academicians. It will serve the purpose of arousing deep thought and genuine interest on the subject matter for further research.
4. The stock market operators.
5. The public as well need the knowledge to be able to assess the performance of the stock market
6. Government, regulatory bodies such as the Securities and Exchange Commission and the Central Bank on Nigeria
7. Non governmental organization(NGOs)
8. Financial analysts
9. Foreign and local investors
10. The general public
1.6 THE SCOPE OF THE STUDY
The scope of this research is limited to Nigerian Stock Exchange. The researcher will focus on the evaluation of the impact of regulatory bodies in developing a viable and sustainable capital market in Nigeria. In essence, the researcher will look at the regulatory frame work put in place to ensure the development of an effective and efficient capital market. Between 2005-2010
1.7 HISTORICAL BACKGROUND OF THE CASE STUDY
The Lagos stock exchange (LSE) established in 1961 became the Nigerian stock exchange (NSE) in 1977 as the hub of the capital market activities where media and long term financial securities are traded. NSE provide avenue where by sellers and buyers exchange securities at mutually satisfactory prices thereby creating liquidity through its price mechanism. Initially NSE had a set of requirement to be fulfilled before a company is enlisted in the stock exchange market, but in 1985 another requirement for enlistment were issued to allow smaller and particularly wholly individual enterprise to be registered with the stock exchange. Securities that met the initial requirement are referred to as first-tier securities, whereas securities that could meet only the next set of requirement are referred to as second-tier securities. As such there are two types of securities market in NSE, First-tier securities market (FSM) and second-tier securities market (SSM).
There was an attempt for establishment of Abuja stock Exchange (ASE) apart from the Nigerian stock exchange (NSE) which is to be named as Lagos stock exchange (LSE) but the federal government of Nigeria later changed the ASE to Abuja commodity Exchange in 2001 however, the attempt for establishment of ASE was done in order to enhance the efficiency of the stock market activities in the country through healthy competition by the two stock exchanges instead of monopoly by a single institution.
ISSUING HOUSE: issuing houses are institution that advise assist and sometimes undertake the issuance of securities for companies that want to raise funds in the capital market in Nigeria issuing house are primarily merchant bank and stock brokerage firms which set some requirement for a company before accepting to package and act as agent for the company in the said issue. Some of these requirements include level of growth in profitability adequacy of working capital, spread of risk of the venture, size of company and soundness of management decision.
SHARE REGISTRARS: A share registrar could be the secretary of a listed company or an institution, which maintains the register of shareholders for a company that has raise funds from the capital market. The registrar is responsible for issuing share certificate to the shareholders. In Nigeria the major share registrars are three (3) big banks in the country. (UBA, FBN and Union Bank). Stock brokerage firms and some trading companies.
UNIT TRUSTS: Unit trusts are new institutions arrangement in Nigeria for mobilizing the financial resources of small savers for investments in the capital market and managing such resources to achieve maximum return possible with minimum risk through efficient portfolio diversification. Companies and Allied Matters Decrees of 1990 provides the legal framework for establishment of unit trusts in Nigeria. These trusts pool the funds of the public by selling the shares of the trusts and investing the funds mobilized in the capital market securities. The holders of trusts shares are given dividend or capital gain on pro-rate basis.
STOCK BROKERAGE FIRMS: A stockbroker is a firm or an individual who buys and sells securities on behalf of investors on the floor of the Stock Exchange for a Commission called brokerage. Issuing houses originate and sometimes underwrite securities issues, stockbroker distribute and market securities. Issuing houses are also stock brokers in Nigeria and some affiliate companies of merchant banks.
1.8 DEFINITION OF TERMS
Private Placement: One of the pre-requisite for a company to be listed on the NSE is for it to do private placement. This is done in private without advertisement where a particular set of investors not necessarily the public is informed about the offer and invited to invest in a company.
Initial Public Offer (IPO): An IPO is when a company is offering its shares for sale for the first time to the general public. Many companies e.g. Zenith Bank, NAHCO, Dangote Sugar Refinery Plc etc have had IPOs in the past.
Right Issue: This occurs when a company wants to raise money, but only through existing shareholders of the company. Shares are allocated to already existing investors.
Bears and Bulls: This is an investment jargon used to describe the market movement. When the market is bearish it means most stock prices fell, but a bullish market is one in which most stock prices are going up.
Market Capitalization: The market capitalization of a company is what it is worth on the Stock Exchange. It is an easy way to evaluate the worth of a company. It is simply the market price of the stock multiplied by the overall issued shares of the company.
Blue Chip Company: These are shares of companies with long track record of good performance, stability and earnings.
Listing: A company is said to be listed when its shares are quoted on the floor of the stock exchange. This enables the shares of the company to be easily traded on the stock market. Regulatory Bodies
Call Price: The price at which a security with a call provision can be repurchased by the issuer prior to the security maturity period.
Net Asset Acquired: These are proportions of shares in nominal value and the reserves as at the date of acquisition of the company. Regulatory Bodies
Minority Interest: These are the net assets (i.e. shares capital and reserves due to the other shareholders in the company other than the holding company). Regulatory Bodies

HOW TO GET THE FULL PROJECT WORK

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount into our bank Account below, send the following information to
08140350866 or 08058580848

(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) immediately we receive bank alert

BANK ACCOUNTS
Account Name: AKINYEMI OLUWATOSIN
Account Number: 3022179389
Bank: FIRST BANK.

OR
Account Name: AKINYEMI OLUWATOSIN
Account Number: 2060566256
Bank: UBA.

OR
Account Name: AKINYEMI OLUWATOSIN
Account Number: 0042695344
Bank: Diamond

HOW TO IDENTIFY SCAM/FRAUD
As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.

But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.

Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.

No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner

CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project. Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.

That you ordered this material shows you have agreed not to copy word-to-word.

FOR MORE INFORMATION, CALL:
08058580848, 08140350866

YOU CAN ALSO VISIT:
YOU CAN ALSO VISIT:

www.greatmindsprojectmaterials.com
www.greatmindsprojectsolution.com
www.achieversprojectmaterials.com
www.naijasplash.com
www.achieversprojectmaterials.blogspot.com
www.achieverprojectmaterial.blogspot.com
www.acheiversprojectmaterials.blogspot.com
www.archieverprojectmaterials.blogspot.com
www.acheiversprojectmaterials.blogspot.com.ng
www.archieverprojectmaterials.blogspot.com.ng
www.achieversprojectmaterials.blogspot.com.ng
www.achieverprojectmaterial.blogspot.com.ng
www.achieverprojectmaterial.wordpress.com
www.achieversprojectmaterials.wordpress.com
www.acheiversprojectmaterials.wordpress.com
www.archieverprojectmaterials.wordpress.com

CHAPTER ONE
1.0 INTRODUCTION
Auditing is an independent checking, investigation, examination and expression of the books of accounts and vouchers of a business enterprise with a view to enable the appointed auditor to report whether the trading, prodit and loss accounts and balance sheet are properly drawn up so as to show a true and fair view of the state of affairs and the profit or loss of the business according to the best information and explanation obtained by the auditor and that they comply with the laid down rules and regulations of the statement of standard acccounting product (SSAP) and other statutory regulations.
Internal control system: This can be described acording to auditing guideline (AG 204) as “the whole system of controls, financial and otherwise, established by the management in order to carry on the business enterprise in an orderly and efficient manner, ensure adherence of maangement policies, safeguard its assets and secure as this as possible the completeness and acccuracy of records” therefore this involves both internal check and audit.
Internal Check: This briefly refers to the method (techniques) of organizing and arraning the entire operation of office, factory and enhousing and the duties of respective staff so that risk of fraud, errors, irregularities and mismanagment will almost be impossible without conclusion. That is day-to-day transactions, segregation of duties and job performance in an organization.
Internal Audit: This is refers to an independent appraisal of activities within the organization of the check of certain operations as a service to the maangement, therefore, it is the maangement control to functions by the means of evaluating and measuring the efficiency and effectiveness of other controls or checks. Meanwhile, the internal audit will ensure that some specific routine work are carrryout by the departments and that the laid down procedures is adequately carry-out by all applicable areas as well as making recommendations to the management.
1.1 BACKGROUND OF THE STUDY
Auditing in its daily and primitive stage can in an existence since 16th Century, start when the first relationship began between those who provided capital and those who managed the business.
Moreover, the innovation of joint stock companies has enormously widened the possiility of raising capital for industry. As a result of the limited liability of the shareholders, it become possible to offer shares for subcription to the public and thus, the availability of capital to both industry and commence. “Stewardship”
Meanwhile, under the company from of business enterprises, the shareholders as a person, delegate the management of the enterprise to the board of directors and practically, the board submits to the shareholders the account of the enterprise so that its members may see a trur and fair view of the financial position and the profit and loss undertaking. Thus, in 19th century, the greatly arose aneed by the shareholders as a body to appoint an auditor that will help in the presentation of statutory financial statement of the board of directors in order to show true and fair view of the financial position of the company.
However, in 20th century, mandatory provision as requirement made for the audit to limited liability accounts and presentation of audit report to numbers by the company acts in Nigeria have company or companies and Allied Matters Act (CAMA) 1990.
1.2 STATEMENT OF THE PROBLEM
This study is basically concerned with discussing and appraising an assessment of effective internal audit and control in the public sector. And also how to answers some related questions like;
– How has the effective internal audit and control affected the public sector over some years?
– How Does the effective system of internal audit control affect management policies towards records keeping, risk of fraud and errors, mismanagement, job functions and proper coordination.
– How does the system take care of vouchers, payable, bank reconciliation statement and prevention of overpayment as well as
1.3.1 OBJECTIVES OF THE STUDY
1. To clearly demonstrate the impact effective internal control and audit in the public sector.
2. To clearly and effectively specify the adequate control and mnaagement mechanisms to put in place in the public sector.
3. To indicate the performance scope of internal control and audit in the public sector towards quality of financial information, organization’s growth, improving it efficiency at the costs lower as possible improvement of social environment.
4. To clearly explain the system audit general description as to executive a continual analysis of a central authority. And organization’s reporting monitoring team thus the management.
5. To make possible contribution to human knowledge as well as reduction or prevention in management, risk of fraud, irregularities and errors.
1.4 RESEARCH HYPOTHESIS
The main aim of public sector is for public utility (satisfaction) while internal cotrol and audit is for maintennace and keeping of accurate, complete and valid financial records and transaction daily as well as safeguard of assets in order to prevent and eliminate errors and fraud. Therefore public sector, particularly corporate affairs commision (CAMA) meanwhile, the following hypothesis will be tested in the course of the study.
Null Hypothesis (Ho): the accuracy, completeness and validity of financial records and maintenance, safeguard and custody of assets of an organization as well as the elimination and prevention of fraud, errors, irregularities and mismanagement do not tally with the efficiency and effectivenes of effective internal audit and control in the public sector.
Positive Hypothesis (H1): The accuracy, completeness and validity of financial records and maintenance, safeguard and custody of assets of an enterprise as well as the elimination and prevention of fraud, errors, irregularities and mismanagement do not tally with the efficiency and effectivenes of effective internal audit and control in the public sector.
1.5 SIGNIFICANCE OF THE STUDY
The significance of this research study is to fish out the efficiency and usefulness of strict adherence of the effective internal control and audit towards public sector in Nigeria as it affect.
i. The effective management policies towards the maintenance, safeguard and custody of assets in public sector.
ii. The strict management policies towards day to day transactions (activities), records as the salaries and wages of the commission in order to prevent and eliminate the risk of fraud errors, irregularities and mismanagement in the public sector and otherwise.
iii. The need to facilitate government interest towards the getting-up public sector or corporation (enterprises) without being punicky of fraud, errors, irregularities and mismanagement in the public enterprises.
1.6 SCOPE OF THE STUDY
The study is an assessment of effective internal audit and control using Corporate Affairs Commission Kaduna branch as case study. The study restricted itself to the internal control and audit of the commission. Therefore, it is based on the examinations and investigation of internal control system and audit procedure in order to ascertain the efficiency and effectiveness of management policies towards fraud, error, irregularities and mismanagement prevention throughout the year.
Meanwhile, the control on the assurance of monitoring the registration fees, daily records and transactions, salaries and wages that is the emolument of the employees as well as the maintenance, safeguard and custofy of assets of the comission.
1.7 HISTORICAL BACKGROUND OF THE CASE-STUDY
The Corporate Affairs Commission (CAC) was established and incorporated in nigeria by section 1. of CAMA 1990 as a acrognm of companies and Allied matters act 19090 to replaced the former company registry. Before this Act, the company registry was part of theministry of trade and commerce. Experience showed that this arrangement was not effective since adequate time and funds were not directed towards an essential area of the nation is economy like company formation, registration, management and administration.
Moreover, the commission was established as a corporate body, with perpetual succession and a common seal, capable name and acquiring, holding and disposal of all movable and immovable for the purpose of its function.
Meanwhile, the commission has its headquarters in Abuja the Federal Capital Territory (FCT) and branches or subsidiaries spread all over the federation according to section 1 (3) of CAMA 1990. The decentralization of power no doubt reduces the handship an expense of reaching the former company registry under the former framework.

HOW TO GET THE FULL PROJECT WORK

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount into our bank Account below, send the following information to
08140350866 or 08058580848

(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) immediately we receive bank alert

BANK ACCOUNTS
Account Name: AKINYEMI OLUWATOSIN
Account Number: 3022179389
Bank: FIRST BANK.

OR
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www.achieversprojectmaterials.com
www.naijasplash.com
www.achieversprojectmaterials.blogspot.com
www.achieverprojectmaterial.blogspot.com
www.acheiversprojectmaterials.blogspot.com
www.archieverprojectmaterials.blogspot.com
www.acheiversprojectmaterials.blogspot.com.ng
www.archieverprojectmaterials.blogspot.com.ng
www.achieversprojectmaterials.blogspot.com.ng
www.achieverprojectmaterial.blogspot.com.ng
www.achieverprojectmaterial.wordpress.com
www.achieversprojectmaterials.wordpress.com
www.acheiversprojectmaterials.wordpress.com
www.archieverprojectmaterials.wordpress.com

CHAPTER ONE
1.0 INTRODUCTION
Auditing is an independent checking, investigation, examination and expression of the books of accounts and vouchers of a business enterprise with a view to enable the appointed auditor to report whether the trading, prodit and loss accounts and balance sheet are properly drawn up so as to show a true and fair view of the state of affairs and the profit or loss of the business according to the best information and explanation obtained by the auditor and that they comply with the laid down rules and regulations of the statement of standard acccounting product (SSAP) and other statutory regulations.
Internal control system: This can be described acording to auditing guideline (AG 204) as “the whole system of controls, financial and otherwise, established by the management in order to carry on the business enterprise in an orderly and efficient manner, ensure adherence of maangement policies, safeguard its assets and secure as this as possible the completeness and acccuracy of records” therefore this involves both internal check and audit.
Internal Check: This briefly refers to the method (techniques) of organizing and arraning the entire operation of office, factory and enhousing and the duties of respective staff so that risk of fraud, errors, irregularities and mismanagment will almost be impossible without conclusion. That is day-to-day transactions, segregation of duties and job performance in an organization.
Internal Audit: This is refers to an independent appraisal of activities within the organization of the check of certain operations as a service to the maangement, therefore, it is the maangement control to functions by the means of evaluating and measuring the efficiency and effectiveness of other controls or checks. Meanwhile, the internal audit will ensure that some specific routine work are carrryout by the departments and that the laid down procedures is adequately carry-out by all applicable areas as well as making recommendations to the management.
1.1 BACKGROUND OF THE STUDY
Auditing in its daily and primitive stage can in an existence since 16th Century, start when the first relationship began between those who provided capital and those who managed the business.
Moreover, the innovation of joint stock companies has enormously widened the possiility of raising capital for industry. As a result of the limited liability of the shareholders, it become possible to offer shares for subcription to the public and thus, the availability of capital to both industry and commence. “Stewardship”
Meanwhile, under the company from of business enterprises, the shareholders as a person, delegate the management of the enterprise to the board of directors and practically, the board submits to the shareholders the account of the enterprise so that its members may see a trur and fair view of the financial position and the profit and loss undertaking. Thus, in 19th century, the greatly arose aneed by the shareholders as a body to appoint an auditor that will help in the presentation of statutory financial statement of the board of directors in order to show true and fair view of the financial position of the company.
However, in 20th century, mandatory provision as requirement made for the audit to limited liability accounts and presentation of audit report to numbers by the company acts in Nigeria have company or companies and Allied Matters Act (CAMA) 1990.
1.2 STATEMENT OF THE PROBLEM
This study is basically concerned with discussing and appraising an assessment of effective internal audit and control in the public sector. And also how to answers some related questions like;
– How has the effective internal audit and control affected the public sector over some years?
– How Does the effective system of internal audit control affect management policies towards records keeping, risk of fraud and errors, mismanagement, job functions and proper coordination.
– How does the system take care of vouchers, payable, bank reconciliation statement and prevention of overpayment as well as
1.3.1 OBJECTIVES OF THE STUDY
1. To clearly demonstrate the impact effective internal control and audit in the public sector.
2. To clearly and effectively specify the adequate control and mnaagement mechanisms to put in place in the public sector.
3. To indicate the performance scope of internal control and audit in the public sector towards quality of financial information, organization’s growth, improving it efficiency at the costs lower as possible improvement of social environment.
4. To clearly explain the system audit general description as to executive a continual analysis of a central authority. And organization’s reporting monitoring team thus the management.
5. To make possible contribution to human knowledge as well as reduction or prevention in management, risk of fraud, irregularities and errors.
1.4 RESEARCH HYPOTHESIS
The main aim of public sector is for public utility (satisfaction) while internal cotrol and audit is for maintennace and keeping of accurate, complete and valid financial records and transaction daily as well as safeguard of assets in order to prevent and eliminate errors and fraud. Therefore public sector, particularly corporate affairs commision (CAMA) meanwhile, the following hypothesis will be tested in the course of the study.
Null Hypothesis (Ho): the accuracy, completeness and validity of financial records and maintenance, safeguard and custody of assets of an organization as well as the elimination and prevention of fraud, errors, irregularities and mismanagement do not tally with the efficiency and effectivenes of effective internal audit and control in the public sector.
Positive Hypothesis (H1): The accuracy, completeness and validity of financial records and maintenance, safeguard and custody of assets of an enterprise as well as the elimination and prevention of fraud, errors, irregularities and mismanagement do not tally with the efficiency and effectivenes of effective internal audit and control in the public sector.
1.5 SIGNIFICANCE OF THE STUDY
The significance of this research study is to fish out the efficiency and usefulness of strict adherence of the effective internal control and audit towards public sector in Nigeria as it affect.
i. The effective management policies towards the maintenance, safeguard and custody of assets in public sector.
ii. The strict management policies towards day to day transactions (activities), records as the salaries and wages of the commission in order to prevent and eliminate the risk of fraud errors, irregularities and mismanagement in the public sector and otherwise.
iii. The need to facilitate government interest towards the getting-up public sector or corporation (enterprises) without being punicky of fraud, errors, irregularities and mismanagement in the public enterprises.
1.6 SCOPE OF THE STUDY
The study is an assessment of effective internal audit and control using Corporate Affairs Commission Kaduna branch as case study. The study restricted itself to the internal control and audit of the commission. Therefore, it is based on the examinations and investigation of internal control system and audit procedure in order to ascertain the efficiency and effectiveness of management policies towards fraud, error, irregularities and mismanagement prevention throughout the year.
Meanwhile, the control on the assurance of monitoring the registration fees, daily records and transactions, salaries and wages that is the emolument of the employees as well as the maintenance, safeguard and custofy of assets of the comission.
1.7 HISTORICAL BACKGROUND OF THE CASE-STUDY
The Corporate Affairs Commission (CAC) was established and incorporated in nigeria by section 1. of CAMA 1990 as a acrognm of companies and Allied matters act 19090 to replaced the former company registry. Before this Act, the company registry was part of theministry of trade and commerce. Experience showed that this arrangement was not effective since adequate time and funds were not directed towards an essential area of the nation is economy like company formation, registration, management and administration.
Moreover, the commission was established as a corporate body, with perpetual succession and a common seal, capable name and acquiring, holding and disposal of all movable and immovable for the purpose of its function.
Meanwhile, the commission has its headquarters in Abuja the Federal Capital Territory (FCT) and branches or subsidiaries spread all over the federation according to section 1 (3) of CAMA 1990. The decentralization of power no doubt reduces the handship an expense of reaching the former company registry under the former framework.

HOW TO GET THE FULL PROJECT WORK

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount into our bank Account below, send the following information to
08140350866 or 08058580848

(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) immediately we receive bank alert

BANK ACCOUNTS
Account Name: AKINYEMI OLUWATOSIN
Account Number: 3022179389
Bank: FIRST BANK.

OR
Account Name: AKINYEMI OLUWATOSIN
Account Number: 2060566256
Bank: UBA.

OR
Account Name: AKINYEMI OLUWATOSIN
Account Number: 0042695344
Bank: Diamond

HOW TO IDENTIFY SCAM/FRAUD
As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.

But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.

Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.

No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner

CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project. Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.

That you ordered this material shows you have agreed not to copy word-to-word.

FOR MORE INFORMATION, CALL:
08058580848, 08140350866

YOU CAN ALSO VISIT:
YOU CAN ALSO VISIT:

www.greatmindsprojectmaterials.com
www.greatmindsprojectsolution.com
www.achieversprojectmaterials.com
www.naijasplash.com
www.achieversprojectmaterials.blogspot.com
www.achieverprojectmaterial.blogspot.com
www.acheiversprojectmaterials.blogspot.com
www.archieverprojectmaterials.blogspot.com
www.acheiversprojectmaterials.blogspot.com.ng
www.archieverprojectmaterials.blogspot.com.ng
www.achieversprojectmaterials.blogspot.com.ng
www.achieverprojectmaterial.blogspot.com.ng
www.achieverprojectmaterial.wordpress.com
www.achieversprojectmaterials.wordpress.com
www.acheiversprojectmaterials.wordpress.com
www.archieverprojectmaterials.wordpress.com

CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The economic growth and development of any economy largely depend on the ability to raise capital through the capital market. The Nigerian stock exchange is a place where the enormous capital which is required to operate the huge industrial and commercial cooperation today can be raised.
Osaze (1991) asserted that the emergence of the institution of the Nigerian stock exchange is a spontaneous reaction of the enterprise economies. The significance reaction of the stock exchange in an economy such as our own cannot be over emphasized, for it is the bed-rock of large scale investment. The Nigerian government hopes to create an economy which would bring about the best in its citizens, compete effectively in the global market and improves the standard of living of its people. An economy where hard work, accountability and transparency would be the cardinal principle that both foreign and local investors would be proud to participate in. once investors looses confidence as a result of market abuse, the growth and development of capital market would be adversely affected and considerable effort would be required to restore confidence.
To be globally attractive and completive, the stock market must be seen to imbibe practices which are globally acceptable. For this reason government tries to put in place adequate regulatory mechanism to prevent or at least minimize market abuse in order to uphold the integrity and confidence that is very essential for the development of a viable and sustainable capital market.
The Nigerian stock exchange is the centre point of the Nigerian capital market. However, the Securities and Exchange Commission (SEC) and the central bank of Nigeria (CBN) are the apex regulatory bodies to the capital market. The tendency of our financial structure has been to channel loans to industries of the past rather than the future (i.e. the rich third world countries). This has become invariably clear that even those external financiers are eroding, thus the need for our own structure in Nigeria to meet up with the excess demand for capital to finance gigantic projects and businesses.
The international organization such as the world bank group are very conscious of the high risk involved in venture of loan given to third world countries which will eventually evade payment of such loans.
There is every need to meet such demand and requirements for smooth and long lasting system for sourcing of such requisite finance.
The study therefore examines in order to evaluate what regulatory bodies have done to ensure the development and sustenance of a viable capital market that will meet global challenges.
1.2 STATEMENT OF THE PROBLEM
For an emerging market like Nigeria, the stringent control measures put in place to regulate the activities of the Nigerian stock exchange for the smooth running is a very huge problem that is hindering the development of the market. The researcher hopes to seek for solution(s).
Regulators in our emerging market are also faced with a problem of ignorance, Nigeria with a population of 160 million, and half of the populations are ignorant about the investment opportunities that abound in the capital market. This is also a monumental problem that the researcher hopes to proffer solution to. Only if solutions to the stated problem are provided that the research work will be significant
1.3 THE OBJECTIVE OF THE STUDY
The objective of this study is to seek for the means of relaxing the stringent control measure put in place to regulate the activities of the Nigeria stock exchange to make it run smoothly and effectively.
To educate and sensitize Nigerians who are ignorant of the investment opportunities that are available in the Nigeria capital market. If about 160 million or half of the population invest in the capital market that will bring about a viable development and sustained growth in the Nigerian capital market.
1.4 RESEARCH HYPOTHESES/QUESTIONS
Hypothesis is the method used by the researcher to test and prove guess statement in connection with the problem of the research being carried out in this study to confirm on the hypothesis made.
NULL HYPOTHESIS Ho- the impact of the regulatory bodies on the Nigerian capital market has not enhanced the listing of more companies on the floor of the Nigerian stock exchange.
ALTERNATIVE HYPOTHESIS Hi- the impact of regulatory bodies on the Nigerian capital market has enhanced the listing of more companies on the floor of the Nigeria stock exchange.
1.5 THE SIGNIFICANCE OF THE STUDY
The significance of this study cannot be over-emphasized. The research will contribute to the existing body of knowledge in the capital market administration; it will help the director general of the Nigerian stock exchange and his or her management team by exposing some means through which they can improve their performance towards meaningful achievement therefore, this study will have the following significance, the study will evaluate the impact of the regulatory bodies in developing a viable and sustainable capital market. Whether it has helped increased the aggregate of listing of more companies on the floor of the Nigerian stock exchange or not. When it is found out to be negative solution will be suggested.
In this regards, the research work will be significant to the following:-
1. The director general and his or her management team.
2. The Nigerian stock exchange (NSE)
3. Academicians. It will serve the purpose of arousing deep thought and genuine interest on the subject matter for further research.
4. The stock market operators.
5. The public as well need the knowledge to be able to assess the performance of the stock market
6. Government, regulatory bodies such as the Securities and Exchange Commission and the Central Bank on Nigeria
7. Non governmental organization(NGOs)
8. Financial analysts
9. Foreign and local investors
10. The general public
1.6 THE SCOPE OF THE STUDY
The scope of this research is limited to Nigerian Stock Exchange. The researcher will focus on the evaluation of the impact of regulatory bodies in developing a viable and sustainable capital market in Nigeria. In essence, the researcher will look at the regulatory frame work put in place to ensure the development of an effective and efficient capital market. Between 2005-2010
1.7 HISTORICAL BACKGROUND OF THE CASE STUDY
The Lagos stock exchange (LSE) established in 1961 became the Nigerian stock exchange (NSE) in 1977 as the hub of the capital market activities where media and long term financial securities are traded. NSE provide avenue where by sellers and buyers exchange securities at mutually satisfactory prices thereby creating liquidity through its price mechanism. Initially NSE had a set of requirement to be fulfilled before a company is enlisted in the stock exchange market, but in 1985 another requirement for enlistment were issued to allow smaller and particularly wholly individual enterprise to be registered with the stock exchange. Securities that met the initial requirement are referred to as first-tier securities, whereas securities that could meet only the next set of requirement are referred to as second-tier securities. As such there are two types of securities market in NSE, First-tier securities market (FSM) and second-tier securities market (SSM).
There was an attempt for establishment of Abuja stock Exchange (ASE) apart from the Nigerian stock exchange (NSE) which is to be named as Lagos stock exchange (LSE) but the federal government of Nigeria later changed the ASE to Abuja commodity Exchange in 2001 however, the attempt for establishment of ASE was done in order to enhance the efficiency of the stock market activities in the country through healthy competition by the two stock exchanges instead of monopoly by a single institution.
ISSUING HOUSE: issuing houses are institution that advise assist and sometimes undertake the issuance of securities for companies that want to raise funds in the capital market in Nigeria issuing house are primarily merchant bank and stock brokerage firms which set some requirement for a company before accepting to package and act as agent for the company in the said issue. Some of these requirements include level of growth in profitability adequacy of working capital, spread of risk of the venture, size of company and soundness of management decision.
SHARE REGISTRARS: A share registrar could be the secretary of a listed company or an institution, which maintains the register of shareholders for a company that has raise funds from the capital market. The registrar is responsible for issuing share certificate to the shareholders. In Nigeria the major share registrars are three (3) big banks in the country. (UBA, FBN and Union Bank). Stock brokerage firms and some trading companies.
UNIT TRUSTS: Unit trusts are new institutions arrangement in Nigeria for mobilizing the financial resources of small savers for investments in the capital market and managing such resources to achieve maximum return possible with minimum risk through efficient portfolio diversification. Companies and Allied Matters Decrees of 1990 provides the legal framework for establishment of unit trusts in Nigeria. These trusts pool the funds of the public by selling the shares of the trusts and investing the funds mobilized in the capital market securities. The holders of trusts shares are given dividend or capital gain on pro-rate basis.
STOCK BROKERAGE FIRMS: A stockbroker is a firm or an individual who buys and sells securities on behalf of investors on the floor of the Stock Exchange for a Commission called brokerage. Issuing houses originate and sometimes underwrite securities issues, stockbroker distribute and market securities. Issuing houses are also stock brokers in Nigeria and some affiliate companies of merchant banks.
1.8 DEFINITION OF TERMS
Private Placement: One of the pre-requisite for a company to be listed on the NSE is for it to do private placement. This is done in private without advertisement where a particular set of investors not necessarily the public is informed about the offer and invited to invest in a company.
Initial Public Offer (IPO): An IPO is when a company is offering its shares for sale for the first time to the general public. Many companies e.g. Zenith Bank, NAHCO, Dangote Sugar Refinery Plc etc have had IPOs in the past.
Right Issue: This occurs when a company wants to raise money, but only through existing shareholders of the company. Shares are allocated to already existing investors.
Bears and Bulls: This is an investment jargon used to describe the market movement. When the market is bearish it means most stock prices fell, but a bullish market is one in which most stock prices are going up.
Market Capitalization: The market capitalization of a company is what it is worth on the Stock Exchange. It is an easy way to evaluate the worth of a company. It is simply the market price of the stock multiplied by the overall issued shares of the company.
Blue Chip Company: These are shares of companies with long track record of good performance, stability and earnings.
Listing: A company is said to be listed when its shares are quoted on the floor of the stock exchange. This enables the shares of the company to be easily traded on the stock market. Regulatory Bodies
Call Price: The price at which a security with a call provision can be repurchased by the issuer prior to the security maturity period.
Net Asset Acquired: These are proportions of shares in nominal value and the reserves as at the date of acquisition of the company. Regulatory Bodies
Minority Interest: These are the net assets (i.e. shares capital and reserves due to the other shareholders in the company other than the holding company). Regulatory Bodies

HOW TO GET THE FULL PROJECT WORK

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount into our bank Account below, send the following information to
08140350866 or 08058580848

(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) immediately we receive bank alert

BANK ACCOUNTS
Account Name: AKINYEMI OLUWATOSIN
Account Number: 3022179389
Bank: FIRST BANK.

OR
Account Name: AKINYEMI OLUWATOSIN
Account Number: 2060566256
Bank: UBA.

OR
Account Name: AKINYEMI OLUWATOSIN
Account Number: 0042695344
Bank: Diamond

HOW TO IDENTIFY SCAM/FRAUD
As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.

But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.

Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.

No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner

CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project. Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.

That you ordered this material shows you have agreed not to copy word-to-word.

FOR MORE INFORMATION, CALL:
08058580848, 08140350866

YOU CAN ALSO VISIT:
YOU CAN ALSO VISIT:

www.greatmindsprojectmaterials.com
www.greatmindsprojectsolution.com
www.achieversprojectmaterials.com
www.naijasplash.com
www.achieversprojectmaterials.blogspot.com
www.achieverprojectmaterial.blogspot.com
www.acheiversprojectmaterials.blogspot.com
www.archieverprojectmaterials.blogspot.com
www.acheiversprojectmaterials.blogspot.com.ng
www.archieverprojectmaterials.blogspot.com.ng
www.achieversprojectmaterials.blogspot.com.ng
www.achieverprojectmaterial.blogspot.com.ng
www.achieverprojectmaterial.wordpress.com
www.achieversprojectmaterials.wordpress.com
www.acheiversprojectmaterials.wordpress.com
www.archieverprojectmaterials.wordpress.com