This study examined the impact of forensic accounting on financial crime in the Nigerian economy. The data was collected from primary sources with the aid of a well-structured questionnaire of three sections administered to one hundred and fifty (150) respondents. One hundred and twenty (120) of the questionnaire were retrieved and analyzed with chi-square statistical tools. The study reveals that forensic accounting will not help to deter fraudulent activities in Nigeria but provides the essential tools needed to reduce fraud. The study also conclude that, forensic accounting can help reduce the incidence of corrupt practices in Nigeria and also bring theft perpetrators to book. The study therefore recommends that the use of forensic accounting techniques should be encouraged and applied by the Nigerian government, ministries, parastatals, corporate bodies and regulatory authorities as it can help curtail public and corporate financial crime and also assist judges to bring to book those involved in fraudulent practices.