The aim of this study was to study the relationships between forensic accounting and fraud in Nigeria. More specifically, the following three aspects were focused upon: the application of forensic accounting practise in enhancing the detection of fraud, the importance of forensic steps in detecting fraud, and the perceived influence of forensic accounting on fraud reporting. The research method selected for this study is a quantitative survey in the private sector in Nigeria. A sample of thirty (30) respondents was selected from the employees of both the EFCC AND some commercial banks and out of those thirty employees, only one person did not reply to the questions. The responses were gathered with the help of questionnaires, and the data collected was analysed with the SPSS program. The majority of the respondents accepted the introduction of the forensic accounting profession as another medium for detecting and reporting fraud and irregularities in Nigerian private organizations. Forensic accounting identifies the significance of an agency problem as one of the major sources of fraud in Nigerian private organizations. Forensic accounting is an advanced method of detecting the high level of fraud perpetrated in Nigerian private organizations. Forensic accounting ensures the stability of Nigerian private organizations' operating systems. The study has made a lot of contributions to knowledge in both applied economics and accounting practices. Assessing the role of the forensic account ting profession will promote and enhance the acceptability of the work of the accounting profession in Nigeria.