Effects Fraudulent Act in the Banking Sector

Effects Fraudulent Act in the Banking Sector

Project / Seminar Material
Reference ID: PS-11866-TM

DEDICATION

This research material titled “Effects Fraudulent Act in the Banking Sector” 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 “Effects Fraudulent Act in the Banking Sector” 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

    At that place were so many difficulties which this research work was confronted with bank officials were so loath to give out helpful information about this problem and there was likewise the cost of research and limited time for learning analysis and prop or interpretation of data effort was reached by the researcher to personally visit places where the above secondary data were turned up. In the absence for the need for primary data question pairs administration was deemed unqualified therefore every material used in the research, writing were completely work done by the other person’s personal effort was merely used in drawing out relevant information needed for the task.

    After due analysis of the available secondary data the researcher identified the statistical data of members of staff involved in frauds and forgeries, returns of commercial and merchant bank in frauds and forgeries and then along.

    Experience has demonstrated that even in the most regulated home accidents can even occur. Bank staff should be properly sorted before being used and adequate bank education should be devised for the banks questioners.

    Effects Fraudulent Act in the Banking Sector

    CHAPTER ONE

    Introduction

    1.1 Background Of The Study

    Fraudulent act in the banking industry” is of a peculiar concern to the monetary control and supervisory authority who are consigned with the safety of individual banks and the firmness of the banking industry.

    Fraudulent act” is common in Nigeria banking industry, but clients as well as employees, temporary staff engage in fraud and forgeries in banks.

    Frequent occurrence of fraud ultimately distracts the attention of the management and lead to increase in running cost.

    Time and energy that would have been spent improving customer service would be expended in preventing fraud. Increasing instances of fraud and forgeries in our banks lately if not shaped would pose certain threats to the stability and survival of individual banks and the public presentation of the industry as a whole. Reported instances of fraud in merchant banks dropped significantly from 16 in 1997 to 9 during the year 1998 similarly, there was a decrease in the total quantity involved, from 187-59 million in 1997 to N67.35 million in 1998.

    Fraud in whatever loss is limitless in classification. In the banking industry, there could be the presentation of forged checks granting of unauthorized loans unauthorized overdraft, position of fictitious credits, suppression of checks, fraudulent transfer and withdrawal and so on, Dr John Orjih in his text, defined fraud as the deliberate effort aimed at obtaining unlawful advantage at the hurt of another individual who is the true possessor of the store.

    Awosanya, widely defined fraud as any deliberate action in whatever configuration, written, spoken, physically designed to deprive a legitimate owner or his or her asset, property or right.

    Osborne, defined fraud as a means of obtaining material advantage by unfair or wrongful means involving certain moral responsibilities.

    1.2 Statement Of Problem

    Banks operate on the pivot of public confidence and faith in the ability of the bank of delivering as and when demanded the Nigeria society is poisoned with the desire to become rich fast so as to feel important, as they behave that wealth is the measure for power and importance. It is in the realization of these facts that those get rich quick minded set of people steer their attention to defrauding the banks.

    Fraud has caused the loss of large sums of money, contributing to the liquidating of several banks and consequent unemployment and similar troubles.

    This work is therefore beset by the actuate problem of finding out the genesis and cause of fraudulent act in the banking industry the magnitude of fraudulent practices in the police records remains worrisome, and this has made a partial paralysis on the base of the stem of the Nigeria banking system.

    …

    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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