FRAUD ELIMINATION IN NIGERIA BANKING INDUSTRIES
Sold By: Joe Project Store | Item Type: Project Material | Report this? | Attributes: 65 pages | 1-5 chapters | Amount: ₦5,000 | Marked useful: 4,114 times
Delivery: Within 24 hoursABSTRACT
Bank deals mostly with cash, financial instrument, which are generally of a negotiable and easily transferable nature. Hence, it is very imperative to say that the exposure of banks to both internal and external fraud is very great. This practice is always common to areas involving cash cheques and fraud transfer operations.
Much research and thought are increasingly being directed towards the study of the careers of fraud in banks because of its effects in banking and the entire economy.
In the past, study carried out by financial institutions training center Lagos, showed that causes of fraud reported annually between 1996 " 2000 was about 500 and annual average money involved in attempted fraud was N33 million.
Chapter one of this work deals with the introduction of what is all about. Chapter two of this work also deals with the analysis of financial fraud examining the methods used by fraudsters in defrauding the banking industries. It established that falsification of accounts and forged cheques and signatures ranked highest of the most perpetrated fraud.
An examination of categories of persons involved on the perpetration of fraud reveals that bank staffs are the majority.
Government should raise an eyebrow and at the same time endeavour to eradicate the end for instance the CBN act of 1958. Banking act of 1969 and law of forgeries with their subsequent amendment’s authentic to constitute adequate ways of eliminating fraud.
For instance, s. 29 of 1669 banking act stipulates, "any director of employee of a licensed bank or other person receiving remuneration from such licensed bank or ask or agree to receive any gift, commission, enrolment service, gratuity, money properly or things of value for his/her personal benefits or advantage or to that of any of higher relation from any person other than, from the bank for permitting any to withdraw any account will be guilty of offence and shall be liable for imprisonment not exceeding 3 years or fine of not more than N2, 000.
Moreover, government has to ensure that police and legal authorities are very seines in the discharging of their duties and ensure that fraudsters are given adequate punishment.
Finally, banks should endeavour to go into computer system to ensure that the incidence of fraud is eliminated.
TABLE OF CONTENTS
Title page
Approval page
Dedication
Acknowledgement
Abstract
Table of content
CHAPTER ONE
1.0 Introduction
1.1 Background of study
1.2 Statement of problem
1.3 Significance of the study
1.4 Scope and limitation of the study
CHAPTER TWO
2.0 Literature review
2.1 Who are bank fraudsters
2.2 Types of fraud
2.3 Fraud and fraudulent practice and banking services
2.4 The legal frame-work and fraudulent practices
2.5 Reported cases of fraud (1996 " 2000)
2.6 Causes of fraud
2.7 Detection of fraud
2.8 Elimination, prevention and control of fraud
CHAPTER THREE
3.0 Research design and methodology
3.1 Sources of secondary data
3.2 Method of data collection
3.3 Location of data
CHAPTER FOUR
SUMMARY OF FINDINGS
CHAPTER FIVE
5.0 Conclusion and recommendation
5.1 Conclusion
5.2 Recommendation
Bibliography
This material content is developed to serve as a GUIDE for students to conduct academic research
Find What You Want By Category:
Delivery: Within 24 hours
Advertise Here
For advertisement, call 08168958821
Not what you were looking for? Perform a search
What's your project topic?
Comment on Facebook:
Related Project Materials
- 1.
THE ADOPTION INFORMATION TECHNOLOGY AND THE IMPROVEMENT OF
CUSTOMER SATISFACTION OF SELECTED BANKS IN JOS PLATEAU STATE CHAPTER ONE INTRODUCTION 1.1 Background Of The Study All banks operating in Nigeria mu...More »
Item Type: Project Material | 54 pages | 1,101 engagements |
- 2.
THE IMPACT OF FEDERAL STUDENT LOAN INTEREST RATES ON BORROWER REPAYMENT BEHAVIOR IN NIGERIA
CHAPTER ONE INTRODUCTION Background of the study Student loans have become a crucial element of worldwide higher education finance. In the last ten...More »
Item Type: Project Material | 54 pages | 825 engagements |
- 3.
FINANCIAL TECHNOLOGY (FINTECH)AND CUSTOMER SATISFACTION IN NIGERIA. (A CASE STUDY OF OPAY)
CHAPTER ONE INTRODUCTION 1.1 Background of the study Globally, technology has permeated every facet of our lives, encompassing social interactions, ed...More »
Item Type: Project Material | 54 pages | 604 engagements |
- 4.
AN ASSESSMENT OF THE EFFECTS OF MULTIPLE BANK CHARGES ON THE CUSTOMER'S BANKING DECISION
CHAPTER ONE INTRODUCTION Background of the Study The selection of a banking institution may be impacted by various factors. Cost may or may not be the...More »
Item Type: Project Material | 54 pages | 870 engagements |
- 5.
MULTIPLE BANK CHARGES: ASSESSING ITS IMPLICATIONS ON THE GROWTH OF SMES IN NIGERIA
CHAPTER ONE INTRODUCTION Background of the Study The inception of the banking sector in Nigeria dates back to 1892 when the First Bank of Nigeria P...More »
Item Type: Project Material | 54 pages | 1,158 engagements |
- 6.
AN EXAMINATION OF THE INFLUENCE OF MULTIPLE BANK CHARGES ON CUSTOMER BEHAVIOR
CHAPTER ONE INTRODUCTION Background of the Study A stable banking industry is crucial for the development and stabilization of a country's economy,...More »
Item Type: Project Material | 54 pages | 925 engagements |