AN EMPIRICAL EXAMINATION OF FRAUD IN THE NIGERIA BANKING INDUSTRY (A CASE STUDY OF FIRST BANK OF NIGERIA PLC)
ABSTRACT
In fact, the main aim of this research work was to carefully examine fraud in the banking industry using one selected bank from commercial bank. The reason behind this is that all the banks are similar and any discovery made will be appreciable to all the banks operating in the country.
The research identified and expose the causes, the various forms of fraud and its tremendous effects on banks in general. It delved into determining the presence of legal loophole in the Nigerian legal process which facilitates the perpetration of fraud. It also identify the means of preventing or reducing incidence of fraud in Nigeria Banking operations.NIGERIA BANKING INDUSTRY
Apart from this, in carrying out this research questionnaires were distributed to bank staff. The information gathered from the respondents were supplemented with oral interviews, personal observation and a review of some related books journals and newspaper.NIGERIA BANKING INDUSTRY
The responses of the returned questionnaire were analyzed under statistical chi – square, statistical distribution tables of frequencies, percentages, pie chart and bar chart for the purpose of generalization and influences based on the variable studied.NIGERIA BANKING INDUSTRY
The result showed that there was evidence of fraud in the Nigerian banking industry and that its presence has consequently culminated into general public lack of interest in the banking industry.
Finally, from the foregone analysis, it is established that fraud reduces our economic development and the solutions proffered if carefully and fully implemented, it will go a long way to checking fraud in the banking operations.
PAGES 78
Terms of Use: This is an academic paper. Students should NOT copy our materials word to word, as we DO NOT encourage Plagiarism. Only use as a guide in developing your original research work. Thanks.
Disclaimer: All undertaking works, records, and reports posted on this website, eprojectguide.com are the property/copyright of their individual proprietors. They are for research reference/direction purposes and the works are publicly supported. Do not present another person’s work as your own to maintain a strategic distance from counterfeiting its results. Use it as a guide and not duplicate the work in exactly the same words (verbatim). eprojectguide.com is a vault of exploration works simply like academia.edu, researchgate.net, scribd.com, docsity.com, course hero, and numerous different stages where clients transfer works. The paid membership on eprojectguide.com is a method by which the site is kept up to help Open Education. In the event that you see your work posted here, and you need it to be eliminated/credited, it would be ideal if you call us on +2348064699975 or send us a mail along with the web address linked to the work, to eprojectguide@gmail.com. We will answer to and honor each solicitation. Kindly note notification it might take up to 24 – 48 hours to handle your solicitation.