Fraud in this study is shown as any dishonesty acts intended to deceive and deprive someone of his legitimate possession.
This study was aimed at finding out how fraud could be detected and prevented in the Nigerian banking industries. The major findings in this study include the followings:
(a)Frauds in banks very often
(b)Frauds in banks occur with active connivance of internal bank staff.
(c)Frauds in banks include forgeries of signature of customers, illegal granting of loans and advances and illegal foreign exchange transactions etc.
(d)The major fraud prevention and protection measure adopted by banks were provision of operational manual establishment of inspectorate unit, internal audit units use external auditors, segregation of duties and establishment of good internal checks and control system.
(e)Majority of bank workers believes as follows. The punishments noted to fraudsters are grossly inadequate. The antifraud law in Nigeria is highly inadequate and that those responsible for checking frauds in Nigerian banks were not living up to expectations.
The major finds in this study includes among others.
(a)The establishment of a good salary structures and condition of services.
(b)A change in our value system that will de-emphasize money.
(c)The law enforcement agents must be move properly educated about procedures, instrument and practices.
(d)Installation of good hiring and training policies and procedures that can go a long way to help reduce the incidence of fraud.
(e)Adequate punishment for fraudsters that could serve as a good deterrent to frauds in banking.
TABLE OF CONTENTS
List of tablesvi
Table of contentsviii
1.1Background of study1
1.2Statement of problems3
1.3Objectives of study3
1.4Research questions and hypothesis4
1.5Scope of study5
1.6Significance of study5
2.1Concept of fraud7
2.2Types of fraud8
2.3Bodies responsible for detection and prevention of fraud9
2.4The role of bank managers in
detection and prevention of frauds11
2.5System of fraud prevention and detection12
3.1Design of study 14
3.2Instrument for data collection14
3.3Population of study15
3.4Method of data collection15
3.5Method of data analysis16
3.6Validity / reliability of instrument16
3.7Collection of data16
4.1Presentation and analysis of data17
5.1Summary of finding27
5.4Suggestion for further study31
5.5Limitation of study31
FRAUD DETECTION AND PREVENTION IN BANKS A CASE STUDY OF FIRST BANK OF NIGERIA PLC ENUGU MAIN
ABSTRACT All investigation using samples are aimed at discovering some things about a particular population. The success of any sample lies in the accuracy with which it reflects the true state of affairs in the whole population. It is however known that it is highly impossible that such reflection would be 100% accurate when we draw a random... Continue Reading
THE ROLE OD COMPUTER IN FRAUD DETECTION AND PREVENTION (A CASE STUDY OF FIRST BANK NIGERIAN PLC. OKPARA AVENUE, ENUGU. PROPOSAL Fraud has for a long time now remained the concern-warm that is biding hard on back bone of banking industry. Phenomenon has led tot he liquidation of many banks in Nigeria Fraud has been the major cause of the ugly... Continue Reading
ABSTRACT Fraud has been identified as the major cause of distress and unprogressive nature of most business organisation in the country. Even though, there are intelligent people who work round the clock to fault the system; but there are more intelligent people who build on fraud check devices hence the computer. It is the aim of this study to... Continue Reading
ABSTRACT The rapid technological development of recent times of the electronic computer have has a wide spread effect on the banking industry and the public in general, electronic computers have outstripped the human being in the speed and efficiency with which they can absolve information, process it and communicate the results. The massive... Continue Reading
ABSTRACT Banks deal essentially in cash financial instruments and other documents which are generally of a negotiable and easily transferable in nature. Hence it is very pertinent to say that the exposure of the banks to both internal and external fraud is very great. This practices is very common to areas involving cash, cheques and fund transfer... Continue Reading
It is universally accepted that for the smooth functioning of a money market and economic growth of a country, an efficient and good banking system is a must. Modern technology has taken the world by storm in recent decades. Particularly, the advent of the computer has completely revolutionized the way people live, work and play. Computers have... Continue Reading
CHAPTER ONE INTRODUCTION 1.0 Background of the study A closer look at institutions in our society shows that a lot of businesses are folding up due to fraudulent acts. Both the management and the employees indulge in activities that can bring down an institution, and ignorance of the roles of an internal auditor is also a problem.... Continue Reading
ABSTRACT Fraud is an inherent vice. It has been on from time immemorial even before the invention of money. However, in our yet developing world with the quest to become rich quick on the increase, fraud is becoming rather rampant. Banks deal essentially in cash and other financial instruments and because of that it has been exposed to greater... Continue Reading
ABSTRACT Fraud is an inherent vice. It has been on from time immemorial even before the invention of money. However, in our yet developing world with the quest to become rich quick on the increase, fraud is becoming rather rampant. Banks deal essentially in cash and other financial... Continue Reading
TABLE OF CONTENT Title page i Dedication ii Acknowledgement iii Table of contents iv List of table v Proposal vi CHAPTER ONE 1.0 Introduction 1.1 Background of the study 1.2 Statement of the problem 1.3 Purpose of the study 1.4... Continue Reading