TOPIC FRAUD IN NIGERIAN BANKING SYSTEM

ABSTRACT

This project with a paramount objective to finding dependable solution to the problems of fraud in Nigeria is justified by the need for true banking system in Nigeria, restoring the customers confidence in the bank just to mention but a few. The choice of African International bank ltd (ATB) as the case study wasn’t taken fortuitously but an obvious one due to its oldest, highest and growth, capacity and so ideas and experience pertaining to the topic.

Data for this research were collected many through the use of interview. Data collected were analyzed using the simple percentage method of analysis, more so, the chapter one of this work introduces the topic as well as the background, chapter two review the related literature review, chapter three touches the research design and methodology, Chapter four all about the findings discoveries, in chapter five I concluded as well as suggested some points the will and ½ further research.

TABLE OF CONTENT

TITLE PAGE                                                                            I               

APPROVAL PAGE                                                                  II

DEDICAT                                                                                 III

ACKNOWLEDGEMENT                                                         IV

TABLE OF CONTENT                                                            V                                                                                

CHAPTER ONE

1.0            INTRUDUCTION

1.1     BACKGROUND OF STUDY

1.2            STATEMENT OF PROBLEMS

1.3            PUROSE/OBJECTIVES OF THE STUDY

1.4            SIGNIFICANCE OF THE STUDY

1.5            LIMITATIONS OF THE STUDY

CHAPTER TWO

2.0            LITERATURE REVIEW

2.1     DEFINITION OF FRAUD

2.2            CAUSES OF FRAUD IN OUR FINANCIAL INSTITUTIONS

2.3            PERPERATORS OF BANK FRAUD

2.4            CONSEQUENCES OF FFRAUD

2.5            PROPOSED INVESTIGATION

2.6            TECHNIQUES OF FARUD CONTROL IN BANKS

CHAPTER THREE

3.0            RESEARCH DESIGN AND METROBIOLOGY

3.1     SOURCES OF DATA

3.2     LIXATION OF DATA

3.3            METHODS OF DATA COLLECTION

CHAPTER FOUR

4.0            FINDINGS

CHAPTER FIVE

5.0            RECOMMENDATION AND CONCLUSION

5.1     RECOMMENDATION

5.2            CONCLUSION

BIBLOGRAPHY.

CHAPTER ONE

INTRUDUCTION

1.1            BACKGROUND OF STUDY

The banking system in Nigeria from 1993 till data has been characterized by diverse mismanagement resorting from so many factors ranging from volume of capital to bank reserve in made of transaction, bankers/customer relationship and on the human factor frauds which have till date been threatening the corporate existence of the banking system in Nigeria (AKIN TNDE: 2002,P34).

‘Fraud as the subject matter of this project, is not a very helpful term, its essential meaning is “dishonesty” but generally fraud as also implies a measure of at least attempted concealments and certain an intention to gain on the part of the defrauder (Okeke: 200,P.1). Fraud is such wide spread corruption involving humorous and repeated acts that have characterized cased of public scandal. It is impossible to give definite fraud for the number of frauds perpetrated in the banking system. Most cases probably go undetected and those reported are often difficult to measure.

Fraudsters capitalize on certain loopholes in the banking system to manipulate figures thereby increasing fraudulent practices in Nigeria banking system. It is due to this increasing trends of frauds in the Nigeria banking system that has inspired us to undertake the study, that is

a)                 To identify the causes of frauds in Nigeria Banking System.

b)                To point out the dangers of frauds to our economy.

1.2            STATEMENT OF PROBLEMS

Without mincing words, fraud is the problems. We shall see in the course of this work, the causes of fraudulent activities in the Nigeria banking system. Banking meaning the act of receiving, keeping and safeguarding money and other items of utmost security while fraud is an act of deceit of person(s) by person(s) in other to make money and the likes, illegally. Having understood these two key words, we shall now see some to the problems of fraud fraudulent activities in the highest order as regards our banking system here in Nigeria.

Forgery:      It is defined by 1913 forgery act as the making by false documents in other the it may be used as genuine with the intention to defraud or deceive.