The Effect of Fraudulent Practices the Banking Industry (A Case Study of Oceanic Bank Plc)

ABSTRACT

       It has been unfortunate situation that right from the incuption of the financial institution in this country. Frauds and forgeries have been existing. Therefore, the objective of this research work is to discover the extent of involvement of Nigerians in fraudulent acts. The first chapter survey the background of the study, the purpose and significant of carrying out the work and the problems encountered in the course of the study. Chapter two take a look at what fraud is all about, source, forms and causes of our financial institutions and how it can be controlled. Chapter three looks at he methodology of carrying out the work like the source of utilization of data used in the analysis and references. Chapter four deals on the complete analysis and interpretation for the work. chapter five sums of the whole with it findings recommendation and conclusion.

TABLE OF CONTENT

TITLE PAGE                                                            i

APPROVAL PAGE                                                     ii

DEDICATION                                                          iii

ACKNOWLEDGEMENT                                              iv

ABSTRACT                                                             vi

TABLE OF CONTENT                                                vii

CHAPTER ONE

INTRODUCTION

1.1  BACKGROUND OF THE STUDY                            1

1.2  STATEMENT OF THE PROBLEM                            4

1.3  SIGNIFICANCE OF THE STUDY                            5

1.4  PURPOSE OF THE STUDY                                   6

1.5  RESEARCH QUESTION                                       6

1.6  LIMITATIONS OF THE STUDY                              7

1.7  OPERATIONAL DEFINITION OF TERMS                 7

CHAPTER TWO

2.1  LITERATURE REVIEW                                        10

2.2  WHAT IS FRAUD IN THE BANKING INDUSTRY        11

2.3  CAUSES OF BANK FRAUD                                  12

2.4  TYPES OF FRAUD                                             16

2.5  THE EFFECTS/CONSEQUENCES OF BANK FRAUDS  17

2.6  TECHNIQUES OF FRAUD CONTROL IN BANKS        19

CHAPTER THREE

3.1  METHODOLOGY                                               21

3.2  SOURCES OF DATA                                          21

3.3  POPULATION SIZE                                            24

3.4  SAMPLE SIZE                                                   25

3.5  TOOLS OF ANALYSIS                                        25

3.6  TECHNIQUES OF DATA ANALYSIS                       25

CHAPTER FOUR

DATA PRESENTATION AND ANALYSIS

4.1  DATA ANALYSIS                                              26

CHAPTER FIVE

FINDING RECOMMENDATION AND CONCLUSION

5.1  FINDINGS                                                       36

5.2  CONCLUSION                                                 36

5.3  RECOMMENDATIONS                                        37

REFERENCES                                                          40

APPENDIX                                                              41

QUESTIONNAIRE                                                    42