FRAUD PREVENTION, DETECTION AND CONTROL IN NIGERIAN BANKING INDUSTRY.

(A CASE STUDY OF NNEBUIFE COMMUNITY BANK ENUGU)

CHAPTER ONE

1.0     introduction

1.1     Background of the study

1.2     Statement of the problems

1.3     Purpose or the objectives of the study

1.4     Research Question

1.5     Delimitation of the study

1.6     The significant of the study

1.7     Definition of terms

CHAPTER THREE

3.0     Research Methodology

3.1     The design of the study

3.2     Areas of study

3.3     The population of the study

3.4     Sample and sampling technique

3.5     Instrument for Data collection

3.6     Validation of instrument

3.7     Reliability of research instrument

3.8     Method of Administration of instrument (data collection)

• Method of Data Analysis

 

CHAPTER FOUR

DATA PRESENTATION AND ANALYSIS

• Summary of results/findings

 

 

 

CHAPTER FIVE

5.0     Discussion and Conclusion of results

5.1     Discussion of finding / results

5.2     Conclusion of the study

5.3     Recommendation

5.4     Implication of finding / results

5.5     Suggestion for the further studies

5.6     Limitation of the study

 

Appendices (Appendix)

 

 

 

 

 

 

 

 

LIST OF TABLES

 

0.1     How does Nnebuife Community Bank’s counter look like?

0.2     Has there been any fraudulent case in the Bank before?

0.3     Has the effect of commercial bank distress affect Nnebuife community bank?

0.4     How capable is the board of management of the bank is?

0.5     What makes Nnebuife Community Bank services not quite satisfactory to some           customers?

0.6     How fast are customers being treated in Nnebuife Community Bank?

 

CHAPTER ONE

 

 

INTRODUCTION

1.1     BACKGROUND OF THE STUDY

The level of fraud in the present day Nigeria has assumed an epidermis dimension. It has eaten deep into every aspect of our life to the extent that newly discovered child talks about 419, the newly discovered sobriquet for an advanced fees fraud that is haunting us as a nation. Fraud therefore, there must be a dishonest intention and the action must be intended to benefit the perpetrator to the determent of another person.

Going by this definition, frauds in the Nigeria Economy cannot be restricted to the banks alone. Frauds do take different dimensions, which amongst others include the following

 

• Cheating by market women/ men on scale measurement etc
• Failure to pay correct import duties tax evasion
• Over-invoicing /inflation contracts.
• Payment for services not rendered
• Stealing and 419 activities
• Political frauds

Frauds in the banks are not new; they are as old as the industry itself. However, life in the greater society, they have become one of the most intractable problems of modern day banking, while the concern of the banking community is growing by the day  and management vigilance is improving with the help of computerization amongst others, it is on record that millions of Naira are still being lost to frauds and forgeries on a daily basis.

While some of the frauds and forgeries are the handwork of outsiders, others are perpetrated by the staff and sometimes management of the banks concerned. The most significant percentage of frauds and forgeries is done by fraudsters in collaboration with bad staff. As a result of this very serious economic crime, some staff in the industry has either been dismissed, or has their appointment terminated or prematurely retired. This means that some experienced hands in the sector are lost due to their involvement of some bank executives in large scale fraud is now a source of serious concern in the industry.

1.2     STATEMENT OF THE PROBLEM

The problems to study are

1. The problem of frauds: The ills the bank has in relationship with the frauds
2. The problem of banking procedures: Ways of eliminating frauds by management and Government.
3. The solution to help in checking fraudulent.

 

1.3     OBJECTIVES OF STUDY

This research work is set to achieve the following objectives:

1. To determine the ills the banks have in relationship with the fraud and to what extent.
2. To ascertain the banking procedures with a view to find out all the loopholes in the bank and suggest ways of pulling them down.
3. To examine the ways by which the management and governments are making towards eliminating or checking of the fraudulent activities in the Nigeria Banking Industry.

 

1.4     RESEARCH QUESTION

1. How there been fraudulent case in the bank before?
2. Has the effect of commercial bank distress affect on Nnebuife Community bank?
3. How capable is the board of management of the bank is ?
4. What makes Nnebuife community bank services not quite satisfactory to some customers?
5. How fast are customers being treated in Nnebuife community bank?

 

• THE PROBLEMS TO STUDY ARE:

1. The problem of fraud
2. The problem of banking procedures
3. The problem of eliminating fraud by management and government.
4. The problem of how to help in checking fraudulent

 

 

1.3     DELIMITATION / SCOPE OF THE STUDY

The scope of this project based on the top officials in the bank who were reluctant to give away all the relevant information and statistical data on fraud that occurred in their organization claiming that it is an embarrassment to their cooperate image.

They did not however deny ever being the victim of fraud. They purposely refused to impart such vital information because: such data on fraud is an official secret of the bank and should not be exposed to the public.

 

• THE SIGNIFICANCE OF THE STUDY

The topic “FRAUD PREVENTION IN NIGERIAN BANKING INDUSTRY” is of significance to individuals, group of individuals, schools, states and the nation at large especially to the students of Accountancy.

This is for the fact that the topic provides rooms for research work before students of accountancy through the federation and to any other person(s) that may wish to carry out a research work on the topic. It also provides room for commercial banks and other related bodies on the techniques they will have to apply while discharging their duties to achieve a lasting and desired end.

 

• DEFINITION OF TERMS

BANKING INSTUTITIONS

Banking institutions are just like any other business enterprises with its customers that engage in business transaction. It comprises  commercial banks, community bank, savings banks, development banks, Merchants banks, people’s banks and central banks which is an Apex that was established to carryout financial business activities of printing of currencies and minting of coins raising loans, influencing the money supply controlling the activities of either financial institutions.

FRAUDS

The level of fraud in the day Nigeria has assumed an epidemic dimension. It has eaten deep into every aspect of our life to the extent that even a three-year-old child talks about 419, fraud is hunting us as a nation. Therefore, it can be defined as “Deceit or deliberately practical in other to gain some advantages dishonestly. For an act to constitute fraud there must be a dishonest intention and the action must be intended to benefit the perpetration to the determinant of another person.

 

FRAUDSTERS

These are the people that conspire together to embezzle bank’s fraud has assumed dimensions and has developed from the model efforts to produce counterfeit coins to multi-million (Naira) fraud situation has reached an alarming state that even notes, bank drafts and other security instruments used by banks are now subjected to serious scrutiny.

Download our android mobile app for more materials

ORDER NOW

COMPLETE MATERIAL  COST  N2,500 Or $10.  FRESH  PROJECT MATERIAL  COST 50,000 NAIRA FOR UNDERGRADUATE, OTHERS 100,000 -200,000 NAIRA.

THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OUR  CUSTOMERS CARE  OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE