Contending the Rate of Fraud in the Banking Industry

Contending the Rate of Fraud in the Banking Industry

Project / Seminar Material
Reference ID: PS-12119-TM

DEDICATION

This research material titled “Contending the Rate of Fraud in the Banking Industry” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Banking and Finance (BF), Book Authors and Profound Scholars of existing or related project material on “Contending the Rate of Fraud in the Banking Industry” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

TABLE OF CONTENTS

PRELIMINARY PAGES

CHAPTER ONE

INTRODUCTION

    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • ⋮
    • 2.4 Empirical Studies

    CHAPTER THREE

    RESEARCH METHODOLOGY

    • 3.1 Introduction
    • 3.2 Research Design
    • 3.3 Population of Study
    • 3.4 Sampling and Sampling Technique
    • 3.5 Validation of Research Instrument
    • 3.6 Method of Data Collection
    • 3.7 Method of Data Analysis
    • 3.8 Questionnaire Administration
    • 3.9 Ethical Consideration
    • 3.10 Statistical Analysis

    CHAPTER FOUR

    DATA ANALYSIS, RESULT AND DISCUSSION

    • 4.1 Introduction
    • 4.2 Presentation and Analysis of Data
    • 4.3 Re-statement of Research Questions
    • 4.4 Test of Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”

    ABSTRACT

    Much thought and research are increasingly being directed at the tudy of causes of fraud in banks, because of it’s effects on banks and finance industry generally.

    No reliable statistics exist (in any public report so far) on the value of successful and frustrated fraud in the banking industry.

    The facts presented in this research are the first of their kind on the study on how the rate of fraud on the banking industry is to be contended the research delved into different issues on sources of fraud, types of fraud, causes of fraud, effects of fraud on the business of banking and the effectiveness of fraud preventive measures.

    The detection and prevention of frauds should be elaborative effect between banks, their customers and the government frauds in the banking system should as much as possible be eliminated as it kills the bank and destroys the economy of a nation.

    Contending the Rate of Fraud in the Banking Industry

    CHAPTER ONE

    1.0 Introduction

    1.1 Background Of The Study:

    Banks are institutions known to operate on the center pin of public confidence. Today that concept no longer holds as bankers themselves either initiate fraud or partakes deeply on fraudulent activities against their banks (employees).

    According to Nigeria Deposit Insurance Corporation (NDIC) Annual Reports (2001) most banks were run a ground by a few greedy directors and officials who perpetuated frauds and all kinds of unethical practices against their institutions. This is an aberration that continues to erode public confidence in banks.

    This scenand has contributed to the liquidation of many banks.

    Since it is observed that one cannot avoid considering the fact that the distress in the banking industry was occasioned by fraud, the need therefore arises to find out problems associated with fraud, it’s effect on the economy and how there problems are to tackled.

    1.2 Statement Of Research Problem

    Though the banking industry is one of the most profitable institutions within the economy, higher performance could be attained in terms of their private returns and obligations to the society.

    This must be so if the banking industry is to perform a leading role on reactivating the economy.

    The suboptimal performance of the Banking Industry is due to problems. Of these problems, the issue of fraud in the banking industry is one of the most intractable and involvemental. The magnitude of this problem and it’s implications for the industry has inspired this research on “contending the rate of fraud in the Banking Industry”.

    1.3 Objectives Of The Study

    The primary objective of this research is to find practical means of minimizing the possible eliminating the incidence of fraud in our banks.

    To achieve this objective the following secondary objectives have been specified.

    1. To identify the cause (s) of fraud in banks
    2. To identify the types of fraud perpetrated in banks
    3. To determine the effects of fraud on the business of banking
    4. To recommended measures for reducing the incidence of fraud in the banking industry.
    5. To identify the means through which the recommended measures can effectively be implemented
    6. To know why bank personnel commit fraud .

    1.4 Significance Of The Study

    Since fraud has given rise to failure in banking business, it is necessary that government, monetary authorities, economic policy makers and management should help in contending the rate of fraud on the banking industry.

    …

    CHAPTER TWO

    2.0 Literature Review

    2.1 Introduction

    This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

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