This project with a paramount objective to finding dependable solution to the problems of fraud in Nigeria is justified by the need for true banking system in Nigeria, restoring the customers confidence in the bank just to mention but a few. The choice of African International bank ltd (ATB) as the case study wasn’t taken fortuitously but an obvious one due to its oldest, highest and growth, capacity and so ideas and experience pertaining to the topic.
Data for this research were collected many through the use of interview. Data collected were analyzed using the simple percentage method of analysis, more so, the chapter one of this work introduces the topic as well as the background, chapter two review the related literature review, chapter three touches the research design and methodology, Chapter four all about the findings discoveries, in chapter five I concluded as well as suggested some points the will and ½ further research.
1.1 BACKGROUND OF STUDY
2.1 DEFINITION OF FRAUD
3.1 SOURCES OF DATA
3.2 LIXATION OF DATA
5.1 RECOMMENDATION
BIBLOGRAPHY.
The banking system in Nigeria from 1993 till data has been characterized by diverse mismanagement resorting from so many factors ranging from volume of capital to bank reserve in made of transaction, bankers/customer relationship and on the human factor frauds which have till date been threatening the corporate existence of the banking system in Nigeria (AKIN TNDE: 2002,P34).
‘Fraud as the subject matter of this project, is not a very helpful term, its essential meaning is “dishonesty” but generally fraud as also implies a measure of at least attempted concealments and certain an intention to gain on the part of the defrauder (Okeke: 200,P.1). Fraud is such wide spread corruption involving humorous and repeated acts that have characterized cased of public scandal. It is impossible to give definite fraud for the number of frauds perpetrated in the banking system. Most cases probably go undetected and those reported are often difficult to measure.
Fraudsters capitalize on certain loopholes in the banking system to manipulate figures thereby increasing fraudulent practices in Nigeria banking system. It is due to this increasing trends of frauds in the Nigeria banking system that has inspired us to undertake the study, that is
Without mincing words, fraud is the problems. We shall see in the course of this work, the causes of fraudulent activities in the Nigeria banking system. Banking meaning the act of receiving, keeping and safeguarding money and other items of utmost security while fraud is an act of deceit of person(s) by person(s) in other to make money and the likes, illegally. Having understood these two key words, we shall now see some to the problems of fraud fraudulent activities in the highest order as regards our banking system here in Nigeria.
Forgery: It is defined by 1913 forgery act as the making by false documents in other the it may be used as genuine with the intention to defraud or deceive.
FALSE ACCOUNTING: It involves the process where a particular customers account is in flatted and another’s depressed.
COMPUTER FRAUD: Frauds which would not for the been feasible were not for the fact that a computer is in use.
The Paramount Objective of this research work is to find dependable solution to the problems of fraudulent practices. It is pertinent that the researchers list the other objectives of the research.
The following are the reason I deemed this research work necessary, that banking system in Nigeria has suffers so much from fraudulent practices because the management of the bank has careless about it but this study I believed will help to minimize this evilact that is increasing day after day in our banking system knowing well of its efforts to our economy. This study will also educate the citizens of this country who may come across this study, that there is a penalty for potential fraudster. Finally, as it is in the increase one, there should be a possible solution of combating fraud in our banking system.
This research work will be useful to some certain groups or people like:
(1) It is expected that this study will enable any reader to understand the consequence of fraud in our economy.
(2) It is expected that this study will enable any reader to understand the consequence of fraud in our economy.
(3) It is also expected that the findings and recommendation would go a longe way in providing information, which might help mangers to report on the discharge of their responsibilities.
(4) It will help the readers to know about the various forms of frauds.
(5) This research work will be very useful to the government sector, auditors, bank examiners bank tribunal and the public at large to know their role in fraud prevention and detection.
(6) It will also enable customers to regain the confidence in the banks.
1.5 LIMITATIONS OF THE STUDY
1. Lack of time: A space of time within which this work is achieved is grossly inadequate, there wasn’t enough time for an elaborated research work.
2. Lack of Capital: Money is the main key factors that narrowed my dream of a better and more comprehensive piece of work as regards this research work.
3. Data insufficient: The collected data as you can see is not enough as a result of lack of time and money thereby giving me a cut and nail research work.
4. Secrecy: Some needed facts. Information were too close to me yet I could not grab and utilize them because the were confidential.
| 1 - 5 of 96 Reviews |