CLEARING AS A MEANS OF SUSTAINING BANK AND SUPPRESSING FRAUD:

A CASE STUDY OF U. B. A. MAIN BRANCH ENUGU

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CHAPTER ONE

• Introduction 1

1.1     Background of the study

• Objectives of the study
• Research questions
• Statement of hypotheses
• Scope and limitation of the study
• Significance of the study
• Definition of terms

 

CHAPTER TWO

Literature Review

• Overview of milestone in the development of clearing systems
• Classification of clearing cheques
• The various methods of clearing cheques and other financial documents
• Correspondent banking clearing
• General principle of cheque presentation and clearing.
• The authorized clearing system in Nigeria
• Empirical framework
• Summary of related reviewed literature

 

CHAPTER THREE

Methodology

• Research Design
• Area of study
• Population of the study
• Sample size determination
• Instrument for data collection
• Validity of the instrument
• Reliability of the instrument
• Method of data collection
• Method of data analysis.

CHAPTER FOUR

• Data presentation, analysis & Results.

 

CHAPTER FIVE

• Discussion of Results
• Conclusion
• Recommendation
• Suggestion for further research result
• Limitation of the study

References

Appendix

LIST OF TABLES

• Response rate on questionnaires
• Sex of respondents
• Age of respondents
• Designation of respondents
• Respondents work experience
• Analysis of the respondents
• Analysis of the respondent to questions

 

ABSTRACT

A survey research was made in carrying this project, clearing department as a profit generating department in banking institution.

This research was carried out to reveal clearing as means of sustaining banks and suppressing frauds.  The population size of the study comprises of all staff of Enugu main branch of United Bank for Africa PLC (UBA), which were 98 staff.  And the sample size for the study was 79 staff.

Hypothetical statements were used to find out whether the clearing as a means of sustaining bank and suppressing fraud in banking institution.  These were about identifying whether clearing department really to describe how clearing department contribute in the profit of the banking institution, as was gotten from the questionnaires distributed to the staff..  from the result after the analysis it was concluded that clearing department should be known as one of profit generating departments in banking institution in general and United Bank of Africa PLC Enugu main branch in particular.

 

CHAPTER ONE

 

INTRODUCTION

1.1     BACKGROUND OF THE STUDY

One of the functions of the commercial banks in Nigeria is clearing of cheques through Central Bank of Nigeria.

Clearing of cheque could be defined as the process by which the validity of cheque is confirmed before the collecting banker gave value to the value.

According to Nwabufor (1998:12): cheque clearing is necessary because some unscrupulous persons do issue cheques when they have no money in their accounts to back-up the cheque.  He opined that due to this fact, banks need to device a means by which they will use to verify whether a cheque is actually backed up by deposits in the account of the person issuing out the cheque, and also that the cheques is properly drawn before they credit the account of the person depositing the cheques (drawee), this process means that the cheque when deposited, must get the drawer bank where the drawer has an account for verification.  It is only the bank that can confirm if there is enough money to carry the cheque by looking into the customers ledger account.  They will also make sure that the cheque is properly drawn.  He argued that if that bank is satisfied that there is enough money in the bank account of the drawer before the bank can get the value of the cheque.

 

• STATEMENT OF THE PROBLEM

This function of cheque clearing is mainly carried out by clearing section of the current account department of funds transfer unit as many bank my name their own.  Every commercial bank that issues and receives cheque must carry out this function of cheque clearing.  Apart from the use of notes and coins, debts are settled between parties by other means order, bill of exchange, travelers cheque, dividend warrant, promissory note, cheque issue, and bank draft.  All these are negotiable instruments and when such instruments mentioned above are deposited into bank accounts the clearing department of the receiving bank has is as a duty to compile those