FRAUDES IN NIGERIA BANKS

(ANALYSIS AND SOLUTIONS)

ABSTRACT

          This work is designed to examine the assessment of the role of the mass media in anti-corruption campaign. It is organized into five very instructive chapters.

          Chapter one deals with the background, statement of the problems, research questions and hypotheses, assumptions and limitation of the study among other things. Chapter two is devoted to the review of relevant materials in the area of study. Chapter three contains the methodology while chapter four concentrated on data analysis and the results of the findings. Also chapter five gives a brief summary of the work.

          Through these chapters, the objectives of the study was in that the researcher not only found that the mass media are indispensable but they are also powerful in their influence.

PROPOSAL

This research was done to bring to light various frauds in Nigeria banking system, having analyzed the rate and incidence of fraud, causes, forms and solutions. However, this research discussed frauds in chapter as follow

Chapter one: Highlights on the objectives, importance of the study of the causes of frauds, analysis and solution of frauds, the statement of problem, hypothesis formations and definition of frauds.

Chapter two: Deals on the review of literature on frauds in Nigeria banks and foreign banking system, causes of frauds the effect and preventive measures.

Chapter three: Reveals the study area as regard to frauds in Nigeria banks, this was done by employing some sampling methods in the investigation in achieve the aim.

Chapter four: This gives the overall view of the presentation of data and all the analysis involved using interview and questionnaire method.

Chapter five: Discussed the summary, findings recommendation and conclusion

TABLE OF CONTENT

Cover page

Title page

Certification/approval

Dedication

Acknowledgement

Abstract

Table of content list of tables

CHAPTER ONE

1.1  INTRODUCTION

1.2  Objective of the study

1.3  Significance of the study

1.4  Statement of study

1.5  Hypothesis formulation

1.6  Scope and limitations of the study

1.7  Definition of terms

CHAPTER TWO

2.1 Review of related literature

2.2 Causes of frauds

2.3 Forms of  frauds

2.3.1 Internal fraud

2.3.2 External fraud

2.3.3 Combined fraud

2.4 Types of frauds

2.5 Effects of frauds in banking industry

2.6 The legal framework and fraudulent practice

2.7 Approach to the minimization of suggestions for the prevention of fraud.

CHAPTER THREE

Research Design and Methodology

3.1 Study area

3.2 Sampling Method

3.3 Sources of Data

3.3.1 Primary sources

3.3.2 Secondary Data

3.3.3 Data treatment techniques.

CHAPTER FOUR

Presentation of Data and Analysis

4.1 Presentation of Data

4.2 Analysis of Data

4.3 Interpretation of Results

CHAPTER FIVE

Summary of findings, Recommendations and Conclusion

5.1 Discussion of Findings

5.2 Conclusion

5.3 Recommendation

          Bibliography

          Appendix

CHAPTER ONE

1.1     INTRODUCTION

          The commercial world today has been devastated by random breaches of business ethics. This has resulted to rampant occurrence of white collar crimes committed mostly by top and highly educated professional personnel, these crimes are sometimes euphemistically dubbed, executive dishonesty crimes like improper waiver of interest on loans, fraudulent false accounting, falsification, computer fraud, dishonesty, classification of debts as bad debt or irrecoverable, non-disclosure of vital interest by executive, and other financial malpractices, fall into this category.

          Furthermore, the government has responded by churning out laws with constant regularity in a bid to meet the challenges posed by these problems. One of such problems is the incidence of fraud in financial institutions especially Nigeria banks. This has attracted at least three major legislation in the past few years. All these relevant enactments will be examined in this project.

          It is a notorious fact that frauds are mostly masterminded by insiders, at times in concert with outsiders. They are mostly discovered by tip offs from other staff who feel left out or by accident. Rarely do normal official checks reveal such earth shattering fraudulent scams that are big concern of the financial world.

          Moreso, there is need to arrive at an acceptable constitution for the word “fraud” and to deepen our understanding by paying some respect to the statutory construction of financial institution like Nigeria banks.

          Having dealt with the general situation of things ion our banking industries, the research work is therefore aimed at pointing out the major causes of fraud in Nigeria banks etc. effects on the Nigeria economy commercial world, individuals especially the depositors (customers of the banks) after the research must have been carried out the above, the researcher then recommended the measures to be taken in order to prevent and minimize the incidence of fraud in Nigeria banks. It should be noted that no bank, big or small is immune  from fraudulent particles. However, bankers should have it as the back of their minds that dignity and hard work are not the only thing required but integrity is also required.

1.2     OBJECTIVE OF THE STUDY

          The objective of this study is to enable us know that for any financial institution like bank to be on the move in respect of growth ion the economy, there is need to work out possible solutions that can put a stop to fraudulent practices or bring it to a minimal level

          In a nutshell, this project is designed for the following.

a.     To determine the rate and the extent of fraud in the banking industry in Nigeria.

b.     To bring to light some of the ceases of fraud in our banking sectors.

c.      To highlight on the dangers/menace of fraud in Nigeria banks

d.     To discover the likely procedure that will enable us determine fraudulent practices nad possible ways of tackling them.

e.      To examine critically the management and government measures as regards to the possible checking of fraud and preventive measures.

f.       To render some recommendations and suggest possible solutions on the best way fraud could be brought to a minimal.

1.3     SIGNIFICANCE OF THE STUDY

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