There appears to be little doubt about the fact that frauds in banks is a matter of the greatest concern to bankers, the monetary/political authorities and the generality of Nigerians today. It is so for many reasons. The methods acquire sophistication by the day. The size increase in geometric progression. The people involved hitherto were among the respectable members of the church, the mosque, the community. Fraud leads to unwarranted losses for the banks and put the management of each institution on its toes whilst expending hard earned resources and energies on fraud prevention and detection.
In view of these, fraud management was introduced in the financial system so as to know ways to detect, prevent and minimize fraud in Nigeria financial system. Fraud is a number one enemy to all concerned with the growth and development of our financial system. Any effort to fight this enemy is therefore most desirable.
Equally important, every incidence of bank fraud literally chips at a bit of public’s confidence in the orthodox financial institutions that bank’s fraud delay or slow down the full development of banking habit in Ngeria.
TABLE OF CONTENTS
Table of contents
1.1Background of the study
1.2Statement of the study
1.3Objectives of the study
1.4Significance of study
1.5Scope and Limitations of the study
2.0Review of Literature
2.1The effects of fraud in the Nigeria Financial System
2.2Nature and Types of fraud
2.3Causes of fraud
2.4Procedures through which fraud might be detected
2.5How fraud can be minimized
3.0Summary of Findings, Conclusion and Recommendation
3.1Discussion of findings
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