FRAUD PREVENTION DETECTION AND CONTROL IN NIGERIA BANKING INDUSTRY

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FRAUD PREVENTION DETECTION AND CONTROL IN NIGERIA BANKING INDUSTRY A CASE STUDY OF HABIB NIGERIA BANK LIMITED ENUGU

 

ABSTRACT:This work is all about fraud prevention, detection and control in the banking sector of Nigeria.  This study has Habb Nigeria bank Limited, Enugu as a case study. From the study, such factors like poor staffing, poor remuneration, weak internal control among other factors contributed immensely to the incidence of fraud in banks.  The study revealed that the most effective way of preventing fraud in banks is through an effective in-built control mechanism.  This internal control mechanism is designed in such a way to designate responsibilities so that a staff’s activities are checked by another which is in turn checked by a higher officer.  This calls for a strong and independent inspection and audit department in every bank comprising of staff with impeccable integrity.This study applied necessary data collection techniques such as questionnaires.

 

LIST OF TABLES

  1. Frauds in Nigerian banks (1999 – 2003)
  2. Is Habib (Nig) bank often defrauded by fraudsters
  3. Are there adequate in-built control measures to check mate fraud
  4. Are members of staff often involved in fraudulent activities
  5. Are staff members adequately remunerated
  6. Does poor staffing contribute to fraud perpetration
  7. Are there enough punishment for staff who is involved in fraud
  8. Does government financial polices help to combat fraud
  9. Are staff members adequately exposed to workshop and seminars on fraud
  10. Does Habib banking method market vulnerable to fraud
  11. Is the management board of Habib (Nig) bank Ltd efficient in fraud control
  12. Have Habib bank successfully recovered any money fraudulently withdrawn by fraudsters

 

TABLE OF CONTENTS

CHAPTER ONE

Introduction                                                                                      1

  1. Back of the study                                                            1
  2. Statement of problems                                                    4
  3. Objectives of the study                                                    5
  4. Scope of the study                                                           5
  5. Research questions                                                                   6
  6. Significance of the study                                                 6
  7. Definition of terms                                                                   8

CHAPTER TWO

2.0     Literature review                                                            10

  1. The causes of fraud in banking sector                                      10
  2. The effect of frequent fraud occurrence

in the banking industry                                                   15

  1. The relationship between banking practices

and fraud perpetration                                                   16

  1. The impact of banks and government’s

effort on fraud elimination                                              18

2.5     Definition of fraud                                                                   21

 

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FRAUD PREVENTION DETECTION AND CONTROL IN NIGERIA BANKING INDUSTRY A CASE STUDY OF HABIB NIGERIA BANK LIMITED ENUGU

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