ABSTRACT
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.
TABLE OF CONTENT
TITLE
PAGE I
APPROVAL PAGE II
DEDICAT III
ACKNOWLEDGEMENT IV
TABLE OF
CONTENT V
CHAPTER
ONE
1.0
INTRUDUCTION
1.1 BACKGROUND OF STUDY
1.2
STATEMENT OF PROBLEMS
1.3
PUROSE/OBJECTIVES OF THE STUDY
1.4
SIGNIFICANCE OF THE STUDY
1.5
LIMITATIONS OF THE STUDY
CHAPTER
TWO
2.0
LITERATURE REVIEW
2.1 DEFINITION OF FRAUD
2.2
CAUSES OF FRAUD IN OUR FINANCIAL INSTITUTIONS
2.3
PERPERATORS OF BANK FRAUD
2.4
CONSEQUENCES OF FFRAUD
2.5
PROPOSED INVESTIGATION
2.6
TECHNIQUES OF FARUD CONTROL IN BANKS
CHAPTER
THREE
3.0
RESEARCH DESIGN AND METROBIOLOGY
3.1 SOURCES OF DATA
3.2 LIXATION OF DATA
3.3
METHODS OF DATA COLLECTION
CHAPTER
FOUR
4.0
FINDINGS
CHAPTER
FIVE
5.0
RECOMMENDATION AND CONCLUSION
5.1 RECOMMENDATION
5.2
CONCLUSION
BIBLOGRAPHY.
CHAPTER ONE
INTRUDUCTION
1.1
BACKGROUND OF STUDY
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
a)
To identify the causes of frauds in Nigeria Banking System.
b)
To point out the dangers of frauds to our economy.
1.2
STATEMENT OF PROBLEMS
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.
1.3
PURPOSE/OBJECTIVE OF THE STUDY.
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.
1.4
SIGNIFICANCE OF STUDY
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.
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