In financial institution, the occurrence of fraud have negative
effect on the economy. No financial institution is free from fraud, it’s just like an agent of lost annually and millions and billions are lost to fraud steer year after year do to thus effect, it becomes difficult or great for the investors to invest there money in some certain sectors of the economy.
To make clear explanation of fraud. Fraud according to Oxford Advance Learners Dictionary of current English written by A.S, Heorriby, that fraud is criminal deception benefit and it also seen as representation of fake document in the name of getting selfish benefit. Fraud is like a parasite, it eats deep into its host thereby threatening it existence.
The effect of fraud on the Nigeria financial institutions mainly regarded as the life-wire of the nation economy is to say the least devastating fraud cuts across the lengths and breath of the Nigerian financial institutions and has resulted in reducing.
Sometimes fraud occurs in an organization because of leoptides in their internal security net or careless of some officials. This provides a reason why some strategic position in an organization should be named with qualified officials.
Finally, I believe this works is not the end of this problem but it can put or services as a gateway to further the studies of fraud in Nigeria financial institutions.
Ugwu, A.
(2018). A CRITICAL ANALYSIS ON FRAUD IN NIGERIAN FINANCIAL INSTITUION. Afribary. Retrieved from https://afribary.com/works/a-critical-analysis-on-fraud-in-nigerian-financial-instituion-5551
MLA 8th
Ugwu, Anderson
"A CRITICAL ANALYSIS ON FRAUD IN NIGERIAN FINANCIAL INSTITUION" Afribary. Afribary, 29 Jan. 2018, https://afribary.com/works/a-critical-analysis-on-fraud-in-nigerian-financial-instituion-5551. Accessed 06 Feb. 2023.
MLA7
Ugwu, Anderson
. "A CRITICAL ANALYSIS ON FRAUD IN NIGERIAN FINANCIAL INSTITUION". Afribary, Afribary, 29 Jan. 2018. Web. 06 Feb. 2023. < https://afribary.com/works/a-critical-analysis-on-fraud-in-nigerian-financial-instituion-5551 >.
Chicago
Ugwu, Anderson
. "A CRITICAL ANALYSIS ON FRAUD IN NIGERIAN FINANCIAL INSTITUION" Afribary (2018). Accessed February 06, 2023. https://afribary.com/works/a-critical-analysis-on-fraud-in-nigerian-financial-instituion-5551
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