Description
ABSTRACT
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
Title page
Dedication
Acknowledgement
Abstract
List of tables
Table of contents
CHAPTER ONE
Introduction
1.1 Background of study
1.2 Statement of problems
1.3 Objectives of study
1.4 Research questions and hypothesis
1.5 Scope of study
1.6 Significance of study
CHAPTER TWO
2.1 Concept of fraud
2.2 Types of fraud
2.3 Bodies responsible for detection and prevention of fraud
2.4 The role of bank managers in detection and prevention of frauds
2.5 System of fraud prevention and detection
CHAPTER THREE
3.1 Design of study
3.2 Instrument for data collection
3.3 Population of study
3.4 Method of data collection
3.5 Method of data analysis
3.6 Validity / reliability of instrument
3.7 Collection of data
CHAPTER FOUR
4.1 Presentation and analysis of data
4.2 Hypothesis testing
CHAPTER FIVE
5.1 Summary of finding
5.2 Conclusion
5.3 Recommendations
5.4 Suggestion for further study
5.5 Limitation of study
Reference
Appendix