Consequently, the incorporation of modern forensic auditing techniques in audit in Nigeria is seen as timely in
order to prepare the accounting profession to deal effectively with the problem of unearthing ingenious fraud
schemes arising from audit failure to detect frauds in Nigeria. Centre for Forensic Studies (2010) report in Nigeria
states that if well applied, forensic accounting could be used to reverse the leakages that cause corporate failures.
This can be attributed to the fact that proactive forensic accounting practice seeks out errors, operational vagaries
and deviant transactions before they crystallize into fraud. The focus of this study therefore is to examine the role
and prospects of forensic accounting in curbing financial crimes in Nigeria with particular emphasis on the
banking sector.