The Causes and Prevention of Fraud in Banking Industry

The Causes and Prevention of Fraud in Banking Industry

Project / Seminar Material
Reference ID: PS-12144-TM

DEDICATION

This research material titled “The Causes and Prevention of Fraud in 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 “The Causes and Prevention of Fraud in 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”

    The Causes and Prevention of Fraud in Banking Industry

    CHAPTER ONE

    1.0 Introduction

    The banking industry is yet in its formative stage in Nigeria. No country whether developed or developing an afford to over look the directions its banking institution live in their development especial when we consider the unique position of the industry in the pace and direction of economic growth of the nature. There arise a need therefore of state emphatically that the soundness of the individual bark in economy is an infinite asset which act as a dynamic factor of growth to the general economy.

    The role of financial institution in facilitating the process of intermediation form surplus economic unit to defect economic and unit become paramount intermediation is the ole the financial institution encounter varies problem in fraud. It is assumed that an alarming proportion that there is no feasible sign near future.

    Basically it noted that fraud and loss are expected phenomenon of my business activity the scope and gravity are what create concern in the economy. The stud identifies varies forms and nature of bank fraud clearing fraud forgeries and falsification of account were the most common forms of fraud identified with 33% of banking institution in the economy respectively factors that facilitate fraudulent practices were also identified. These range form the socio economic factors to weak internal control system. This is effort undermines the operation and performance of banks and could be disastrous if there are not curbed.

    1.1 Background Of The Study

    Fraud is a social evil it affect the entire sector of the economy which banking system is inclusive although fraud and loss in an expected part of any business activity the scope and gravity is what creates concern in a developing economy like ours.

    Fraud in banking sector is generally looked at as acts that involve the loss of asset a through deceitful and dishonest means. It certainly constitutes one of the most serious threat to the practice and spread of banking in Nigeria fraud and forgeries involved professional crooks that are seek to enlist the support and co-operation of the dishonest members of the bank staff.

    In pursuit of the objective of the study a systematic approach will be followed. The study is divided into four chapter. Chapter one takes a look at its introduction background of the study the statement of problems purpose objective of the study significance of study limitation of study and definition of terms chapter two deals with the literature review “general view” types of fraud causes of fraud element that facilitates fraud . chapter three concentrates on design and methodology sources of data location of data and tools of analysis chapter four comment on findings of the effect and the recommendation against fraud action to be taken to ameliorate the harm done to the bank summary and conclusion will mark the end of their study.

    1.2 Statement Of Problem

    Generally speaking professional fraud is new not just because it exposes the societies anemone and raise important questions of public interest which follows this

    1. Fraud is banks nearly leads to lose of money ordinarily belongs to some one other than the bank.
    2. In every bad conditions where fraud occurs with crippling frequency and in wholesale sizes the bank may be forced to liquidate consequently and drastic reduction of patronage in the banking sectors.
    3. The effect of fraud equally dastards management policy to encompass cheek and control system which are by them costly to maintain.
    4. Bankers as a matter of urgency are expected to be very careful in the detection for costing and prevention of fraud to help cub and cushion the effect of the menace.
    …

    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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