With an award match to becoming an industrialized Nation, Nigeria is witnessing as professional, which made the possible establishment of service industries and other business organisation. This belief was rather so strong that the urge to provide financial services can no longer be overlooked. To accelerate economic growth and economic development both government and some organised private were issued licenses to operate banks. In addition to a few banks were already into business to operate systematic financial service.
Those banks employed young men and women, but like every aspects of human enadavour have their challenges one of the major challenges facing the banking industries and indeed is the incidence of fraud lackery (2001) observed that the incidence of fraud in the banking industry has in the recent past posed a very serious threat to the very existence of financial institution and is a matter of serious concern tot he regulatory authorize and internal control measures to check the activities of fraudters fraud in the banks to be in incrase. Edozie as observed by Adebayo (200215) stated that available statistics reveals that thirsty one banks reported that they experienced fraud and forgery cases for the period of (Tannary-March 2002).
Banks are institution known to operate on the center pin of public confidence. Today that concept no longer holds as bankers themselves either initiate frauds our partake deeply to fraudulent activities against their banks (employs).
Every economy whether simple or complex, developed has a system for mobilizing and channeling its financial resources for further development. Banking has been one of the words most persistent concern in the regard of its potent force in shaping the economy.
For centuries, banking has become a vital engine of growth for the world economy. That is to say, banking is enabling many communities in all part of the globe to address economic challenges with great efficiency and imagination.
In Nigeria, the banking system has witnessed a chain of distressed banks in 1980’s and 1990’s with multiplier effects on the economy. Various and varied factors, as cited by Ornakpore (1994.23) were the causes of banks fails was ranging from unstable economic environment of lack of technically skilled personnel, poor management, over trading and inadequate capitalization have also been cited. However, the conventional opinion is that, by far, the most important factor is fraud in banks and economic agencies robbing the economy of opportunities for foreign direct investment and even local investment.
BACKGROUND OF THE STUDY :- With an award match to becoming an industrialized Nation, Nigeria is witnessing as professional, which made the possible establishment of service industries and other business organisation. This belief was rather so strong that the urge to provide financial services can no longer be overlooked. To accelerate economic... Continue Reading
TABLE OF CONTENT CHAPTER ONE INTRODUCTION 1.0 Introduction 1.1 Background of the study 1.2 Statement of the study 1.3 Purpose/ objectives of he study 1.4 Significance of the study 1.5 Delimitation of scope and limitation 1.6 Definition of terms CHAPTER TWO 2.0 Review of related literature 2.1... Continue Reading
CONTENDING THE RATE OF FRAUD IN THE BANKING INDUSTRY ABSTRACT Much thought and research are increasingly being directed at the tudy of causes of fraud in banks, because of it’s effects on banks and finance industry generally. No reliable statistics exist (in any public report so far) on the value of successful and frustrated fraud in the banking... Continue Reading
ABSTRACT Much thought and research are increasingly being directed at the study of causes of fraud in banks, because of itâ€™s effects on banks and finance industry generally. No reliable statistics exist (in any public report so far) on the value of successful and frustrated fraud in the banking industry. The facts presented in this research... Continue Reading
ABSTRACT Bank deals mostly in cash, financial instrument which are generally of a negotiable and easily transferable nature. Hence, it is very imperative to say that the exposure of Banks to both internal and external fraud is very great. This pradice always common to areas involving cash, cheques,... Continue Reading
TABLE OF CONTENTS Title page Approval page Dedication Acknowledgement Table of content CHAPTER ONE 1.0 Introduction 1.1 statement of problem 1.2 Rationale of the study 1.3 Significance of study 1.4 Definition of terms CHAPTER TWO 2.0 Literature review 2.1 What bank fraud 2.2 Types of fraud 2.3 Effect of fraud 2.4 Causes of bank fraud 2.5 Measures... Continue Reading
CHAPTER ONE INTRODUCTION 1.1 Background to the Study The level of fraud in the present day Nigeria has assumed an epidemic dimension. It has eaten deep into every aspect of our life to the extent that a three old child talks about yahoo mail or 419, newly discovered sobriquet for advanced free... Continue Reading
TABLE OF CONTENT CHAPTER ONE 1.1 Introduction 1.2 Background of the study 1.3 Statement of problem 1.4 Objective of the study 1.5 Significance 1.6 Definition of terms CHAPTER TWO 2.1 Review of related literature 2.2 Concept of fraud 2.3 Effect of fraud 2.4 Types of fraud 2.5 Classification of the... Continue Reading
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY In a typical banking sector the auditors duties will be concerned with many departments apart from the normal department relating to accounting and finance, which means that the auditor is not only concerned with account and internal... Continue Reading
ABSTRACT Fraud in the Nigerian banking institution in seen by people as an enemy, moreover on their own assets even when they themselves are cleaver fraudsters or dupes on their people. It exists in different sectors of our nations economy’s education, Agriculture , Mining, Production Banking. The researcher has systematically expository and... Continue Reading