IMPACT OF FRAUD DETECTION AND CONTROL MECHANISM ON BANK PERFORMANCE IN NIGERIA

LIST OF TABLES

Table: 4.2.1  Gender of respondents   -           -           -           -           -           -           -           20

Table 4.2.2: Age group of respondents           -           -           -           -           -           -           20

Table 4.2.3 Educational Qualification of respondents           -           -           -           -           20

Table 4.2.4 Does your organization have fraud detection mechanism in place?        -           21

Table 4.2.5 what type of Fraud detection mechanism is in place?     -           -           -           21

Table 4.2.6 Fraud detection mechanism in your organization proof to be very effective      21

Table 4.2.7 Does the mechanism put in place enhance operations in your organization        22

Table 4.2.8 Does fraud often occurs in your organization      -           -           -           -           22

Table 4.2.9 Detection and prevention of fraud enhances productivity.         -           -           22

Table 4.2.10 Fraud detection mechanism ensures quality services.    -           -           -           23

Table 4.2.11 Fraud detection mechanism improves profitability.       -           -           -           23

Table 4.2.12 Fraud detection mechanism increases market share.      -           -           -           23

Table 4.2.13 Fraud detection and control mechanism improves the overall bank      -           24

TABLE OF CONTENT

Title Page       -           -           -           -           -           -           -           -           -           i

Approval Page          -           -           -           -           -           -           -           -           ii

Dedication     -           -           -           -           -           -           -           -           -           iii

Acknowledgement   -           -           -           -           -           -           -           -           iv

List of Tables            -           -           -           -           -           -           -           -           v

Table of Content      -           -           -           -           -           -           -           -           vi Abstract     -           -           -            -           -           -           -           -           -           viii

CHAPTER ONE

INTRODUTION

1.1       Background of the Study    -           -           -           -           -           -           1

1.2       Statement of the problem-              -           -           -           -           -           2

1.3       Research Questions             -           -           -           -           -           -           2

1.4       Objectives of the Study       -           -           -           -           -           -           2

1.5       Significance of the study    -           -           -           -           -           -           3

1.6       Scope of the Study               -           -           -           -           -           -           3

1.7       Summary of Chapters          -           -           -           -           -           -           3

CHAPTER TWO

REVIEW OF RELATED LITERATURE

2.1       Introduction  -           -           -           -           -           -           -           -           5

2.2       Conceptual Definitions       -           -           -           -           -           -           5

2.2.1   Concept of fraud      -           -           -           -           -           -           -           5

2.2.2    Fraud Detection Mechanism   -           -           -           -           -           -           6

2.2.3    The Concept of Internal Control Mechanism -           -           -           -           6

2.2.4    Whistle Blowing and Mechanisms of Reporting        -           -           -           7

2.2.5    Remedies to Fraud/Prevention           -           -           -           -           -           7

2.2.6    Strategies for preventing Frauds and Forgeries in the Banking Sector          9

2.2.7    Internal Control System and Fraud Prevention          -           -           -           11

2.3       History of the Study Area      -           -           -           -           -           -           13

2.4       Past Studies of Fraud in Nigeria    -           -           -           -           -           14

2.5       Past Studies of Fraud in other countries               -           -           -           15

2.6       Hypothesis Development               -           -           -           -           -           17

2.7       Conclusion    -           -           -           -           -           -           -           -           17

CHAPTER THREE

RESEARCH METHODOLOGY

3.1       Introduction              -           -           -           -           -           -           -           19

3.2       Research Design       -           -           -           -           -           -           -           19

3.3       Research Population            -           -           -           -           -           -           -           19

3.4       Sample and Sampling techniques -           -           -           -           -           19

3.5       Sources of Data        collection      -           -           -           -           -           19

3.6       Instruments of Data Collection                  -           -           -           -           19

3.7       Method of data analysis                  -           -           -           -           -           19

CHAPTER FOUR

DATA PRESENTATION AND ANALYSIS

4.1       Introduction              -           -           -           -           -           -           -           20

4.2       Data Presentation and analysis                  -           -           -           -           20

4.3       Summary of Findings                      -           -           -           -           -           24

4.4       Conclusions  -           -           -           -           -           -           -           -          

CHAPTER FIVE

CONCLUSION

5.1       Summary       -           -           -           -           -           -           -           -           25

5.2       Conclusion    -           -           -           -           -           -           -           -           25

5.3       Recommendation     -           -           -           -           -           -           -           25

5.5       Limitations of the study         -           -           -           -           -           -           25

5.6       Suggestion for future Study                        -           -           -           -           26

References                -           -           -           -           -           -           -           27

            Appendix       -           -           -           -           -           -           -           -           29

ABSTRACT

The project report titled “Impact of fraud detection and control mechanism on bank performance in Nigeria” a case study of First Bank of Nigeria plc Birnin Kebbi., covered up relevant information about the cause of fraud in the banking industry, and it contribute to the failure in the bank and how to prevent fraud in the banking industry and to know how bank are dealing with it. The objective of the study was to find out whether internal audit departments are adequately checking fraud and fraudulent activities. However, the objective also involves finding out the persistent existence of frauds and other irregularities despite the existence and adequate functioning of internal audit departments. On the long run, questionnaire and interview was used as the research instrument to carrying out the investigation. Information was gathered from respondents using the instruments mentioned above. However, the data collected was presented and analyzed. Findings revealed that internal auditing has a positive impact in the banking industry it was recommended that Banks staff should be properly screen before being employed.

Keywords: Fraud Detection, Control Mechanism, Bank Performance.