THE DETECTION AND PREVENTION OF FINANCIAL FRAUD IN NIGERIA BANKING SYSTEM

  • Type: Project
  • Department: Accounting
  • Project ID: ACC1203
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Pages: 55 Pages
  • Format: Microsoft Word
  • Views: 1.1K
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

THE DETECTION AND PREVENTION OF FINANCIAL FRAUD IN NIGERIA BANKING SYSTEM

ABSTRACT

Detection and prevention of financial fraud in Nigeria banking system. The dictionary meaning of fraud by penny means unlawful act, unfair advantage such as deception to the deferment of another.

In banking system, financial fraud is also referred as a deliberate within or outside the banking system to cheat, deceive windle or manipulation in order to disposes the bank deposition or shareholders of their funds.

Banks deal essentially in cash and financial instrument and other document which are of negotiable or very transferable in nature. This makes the bank very vulnerable to internal and external fraud. Also fraud can be perpetrated in the banking transaction through falsification of entries in the account of customers with a view to take benefit of the excess proceed or the shortfall, other are forgery of signature of account holders to theft by bank and customers.

Here also, the research will identify the logs holes in banking procedures and way of filling it to examine managerial and governmental control device, geared forward eliminating financial fraud in the banking system.

Conclusively, my unalloyed gratitude I leave to the auditors of various books that I consulted.

TABLE OF CONTENT

Title page                                                             

Approval page                                                    

Dedication                                                           

Acknowledgment                                       

Abstract                                           

Table of content                                                                               

CHAPTER ONE  Introduction 1.1            Background of the study 1.2            Statement of the problem 1.3            Objective of the study 1.4            Scope and limitation of the study     CHAPTER TWO                  

2.1            Meaning of fraud                                                 

2.2            Fraud and fraudulent practices in banking services                         

2.3            Types of financial fraud                            

2.4            Effects of computer on the detection and prevention of financial fraud in Nigeria banks         

2.5            Checks and control of financial fraud in banks.

2.6            Causes of fraud in our banks

2.7            Prevention of fraud and bank management control device

2.8            Summary of literature review

CHAPTER THREE

3.1            The causes of financial fraud                               

3.2            Prevention of fraud and bank management control devices             

3.3            Recommendation and conclusion                        

3.4            Summary                                                            

Bibliography                                                       

CHAPTER ONE

INTRODUCTION

1.1            BACKGROUND OF THE STUDY

 Fraud is whenever form is limitless in classification. This is the more reason why courts and writers on fraud haven / ways sly away from giving it a particular definition last discuss it under whatever form it prevent itself, so here, there has never been a single definition of term fraud. Not with standing the varied meaning accepted to the concept of financial fraud the concept of financial fraud the author address the subject with following working condition.

          Oxford and charison dictionary simply define fraud as criminal deception. Act of decisive trick, cheating swindling person on thing that dictionary defined fraud as an act of deceitful behaviour for the purpose of gain which may be perishable by law.

          However in the mind of civil court of justice fraud may be said to cover ill acts. Commission and co concealment which involves a breach of legal or equitable duty trust or confidence justly reposed and ingenious to another or by which in undue advantage is taken of another.

          Bunmi Fagbemi 1990, while citing the dictionary of dictionary by penny, defined fraud to mean an act or course of deception deliberately practiced to gain unlawful or unfair advantage such deception directed to the detriment of another R.B Awasanya widely see fraud any deliberate action in whatever form (writer, spoken physical) designed to deprive a legitimate owners of his / her assets properties or rights further more, osboni’s concise law dictionary say that fraud is obtaining of a material advantage by unfair or wrongful means it involves more obliquity.

          Then finally, Wole Adewumi describes financial fraud as a conscious premeditated action of a person thus the intention of the monetary gain thus having closely studies these perspective one may correctly see bank financial fraud a deliberate act by individual or group of finding within or without the Nigeria banking system to cheat deceive, swindle or manipulate in order to disposes the banks depositor / shareholders of their fraud fund.

          Therefore, fraud or forgeries customer with a view to take benefit of the excess proceed or the shortfall.

THE DETECTION AND PREVENTION OF FINANCIAL FRAUD IN NIGERIA BANKING SYSTEM
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Accounting
  • Project ID: ACC1203
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Pages: 55 Pages
  • Format: Microsoft Word
  • Views: 1.1K
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Accounting
    Project ID ACC1203
    Fee ₦5,000 ($14)
    Chapters 5 Chapters
    No of Pages 55 Pages
    Format Microsoft Word

    Related Works

    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... 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
    1.0 INTRODUCTION The role of computer in fraud detection and prevention in the Nigeria banking industry Banking in Nigeria is mistakenly going through successive periods of change-change that in a few years will lead to the basic transformation of this very essence and to the establishment of a more efficient integrated, and certainly more... Continue Reading
    ABSTRACT In this study, the research set out to examine the roles of the electronic Computers in fraud detection in banks. 51 staff of UBA plc is randomly selected as the study sample for the research. These 51 staff was issued with 51 copies of structured questionnaires to complete their responses to the questionnaire were analyzed using... Continue Reading
    1.0 INTRODUCTION  The role of computer in fraud detection and prevention in the Nigeria banking industry Banking in Nigeria is mistakenly going through successive periods of change-change that in a few years will lead to the basic transformation of this very  essence and  to the establishment of a more efficient integrated, and certainly more... Continue Reading
    ABSTRACT In this study, the research set out to examine the roles of the electronic Computers in fraud detection in banks. 51 staff of UBA plc is randomly selected as the study sample for the research. These 51 staff was issued with 51 copies of structured questionnaires to complete their responses to the questionnaire were analyzed using... Continue Reading
    ABSTRACT In this study, the research set out to examine the roles of the electronic Computers in fraud detection in banks. 51 staff of UBA plc is randomly selected as the study sample for the research. These 51 staff was issued with 51 copies of structured... 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 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 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
    Call Us
    Get this work
    whatsappWhatsApp Us