FRAUD DETECTION AND PREVENTION IN BANKS A CASE STUDY OF FIRST BANK OF NIGERIA PLC ENUGU MAIN

ABSTRACT

Fraud in this study is shown as any dishonesty acts intended to deceive and deprive someone of his legitimate possession.
This study was aimed at finding out how fraud could be detected and prevented in the Nigerian banking industries.  The major findings in this study include the followings:
(a)Frauds in banks very often
(b)Frauds in banks occur with active connivance of internal bank staff.
(c)Frauds in banks include forgeries of signature of customers, illegal granting of loans and advances and illegal foreign exchange transactions etc.
(d)The major fraud prevention and protection measure adopted by banks were provision of operational manual establishment of inspectorate unit, internal audit units use external auditors, segregation of duties and establishment of good internal checks and control system.
(e)Majority of bank workers believes as follows.  The punishments noted to fraudsters are grossly inadequate.  The antifraud law in Nigeria is highly inadequate and that those responsible for checking frauds in Nigerian banks were not living up to expectations.

The major finds in this study includes among others.
(a)The establishment of a good salary structures and condition of services.
(b)A change in our value system that will de-emphasize money.
(c)The law enforcement agents must be move properly educated about procedures, instrument and practices. 
(d)Installation of good hiring and training policies and procedures that can go a long way to help reduce the incidence of fraud.
(e)Adequate punishment for fraudsters that could serve as a good deterrent to frauds in banking.
 
 
TABLE OF CONTENTS
Title pageii
Dedicationiii
Acknowledgementiv
Abstractv
List of tablesvi
Table of contentsviii

CHAPTER ONE  
Introduction1
1.1Background of study1
1.2Statement of problems3
1.3Objectives of study3
1.4Research questions and hypothesis4
1.5Scope of study5
1.6Significance of study5

CHAPTER TWO
2.1Concept of fraud7
2.2Types of fraud8
2.3Bodies responsible for detection and prevention of fraud9
2.4The role of bank managers in
detection and prevention of frauds11
2.5System of fraud prevention and detection12

CHAPTER THREE
3.1Design of study 14
3.2Instrument for data collection14
3.3Population of study15
3.4Method of data collection15
3.5Method of data analysis16
3.6Validity / reliability of instrument16
3.7Collection of data16

CHAPTER FOUR
4.1Presentation and analysis of data17
4.2Hypothesis testing24

CHAPTER FIVE
5.1Summary of finding27
5.2Conclusion28
5.3Recommendations29
5.4Suggestion for further study31
5.5Limitation of study31
Reference32
Appendix33


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APA

Ugwu, A. (2018). FRAUD DETECTION AND PREVENTION IN BANKS A CASE STUDY OF FIRST BANK OF NIGERIA PLC ENUGU MAIN. Afribary. Retrieved from https://afribary.com/works/fraud-detection-and-prevention-in-banks-a-case-study-of-first-bank-of-nigeria-plc-enugu-main-2241

MLA 8th

Ugwu, Anderson "FRAUD DETECTION AND PREVENTION IN BANKS A CASE STUDY OF FIRST BANK OF NIGERIA PLC ENUGU MAIN" Afribary. Afribary, 29 Jan. 2018, https://afribary.com/works/fraud-detection-and-prevention-in-banks-a-case-study-of-first-bank-of-nigeria-plc-enugu-main-2241. Accessed 18 May. 2024.

MLA7

Ugwu, Anderson . "FRAUD DETECTION AND PREVENTION IN BANKS A CASE STUDY OF FIRST BANK OF NIGERIA PLC ENUGU MAIN". Afribary, Afribary, 29 Jan. 2018. Web. 18 May. 2024. < https://afribary.com/works/fraud-detection-and-prevention-in-banks-a-case-study-of-first-bank-of-nigeria-plc-enugu-main-2241 >.

Chicago

Ugwu, Anderson . "FRAUD DETECTION AND PREVENTION IN BANKS A CASE STUDY OF FIRST BANK OF NIGERIA PLC ENUGU MAIN" Afribary (2018). Accessed May 18, 2024. https://afribary.com/works/fraud-detection-and-prevention-in-banks-a-case-study-of-first-bank-of-nigeria-plc-enugu-main-2241

Document Details
Field: Banking and Finance Type: Project 39 PAGES (4866 WORDS) (doc)