INVESTIGATION OF FRAUD PREVENTION AND CONTROL IN BANKING SYSTEM
- Project Research
- 1-5 Chapters
- Quantitative
- Chi-Square
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This study was carried out to examine fraud prevention and control in banking system using staffs of three (3) selected banks in Ikeja, Lagos State as case study. Specifically, the study was aimed at studying critically how fraud in banks could be prevented and controlled, evaluate the easiest way ration of fraud and other fraud committed could be electronically captured, and proffer ways to reduce the spread of fraud in our banking system, through effective monitoring control procedure and efficient monitoring electronic transaction until properly executed. The study employed the survey descriptive research design. A total of 60 responses were validated from the survey. From the responses obtained and analysed, the findings revealed that financial fraud in banking system is difficult to be prevented and controlled in banking system, bank fraud has no negative effect on the profitability of the banking system, and bank fraud has no significant impact on depositors confidence in banks. The study therefore recommends dormant account should be closely monitored and any transaction on them should be monitored with the consent of management inspector from the central bank of Nigeria must be allowed to visit and inspect the bank records at least once every year. This is to ensure that the bank are complying with CBN regulation and other statutory provision. Also, adequate discipline must be maintained among staff and professional ethics preached regular basis. Any observed fraudulent practice must be matched with adequate sanction. Each case must be purely treated on its merit.
Related Project Materials
THE IMPACT OF CHANGE MANAGEMENT IN NIGERIAN BANKING INDUSTRY A STUDY OF UNITED BANK FOR AFRICA (UBA) STATION ROAD, ENUGU
ABSTRACT
The research topic of this study is the impact of change management in Nigerian Banking Industry, A study of United Bank for Afr...
EFFECTIVENESS OF HUMAN RELATIONS IN THE BANKING INDUSTRY
ABSTRACT
This study was carried out to examine the “Effectiveness Of Human Relations In The Banki...
ANALYSIS OF SCHOOL BASED INSTRUCTIONAL SUPERVISION IN PRIMARY SCHOOLS IN NIGERIA
ABSTRACT
The purpose of the study was to investigate the analysis of school-based instructional supervision in primary schools in Niger S...
DESIGN AND CONSTRUCTION OF 5KVA POWER INVERTER
ABSTRACT
This project review the conformability of uninterrupted power supply through the use of power inverter, Howeve...
AN APPRAISAL OF THE CONCEPT OF ANIMALS PROTECTION AND ITS APPLICATION UNDER STATUTORY AND ISLAMIC LAWS IN NIGERIA
ABSTRACT
Generally, human beings relate and deal with animals in many instances. However, in the course of dealing or relating with anima...
THE IMPACT OF PEAK MILK TELEVISION ADVERTISEMENT ON CONSUMER’S BUYING BEHAVIOUR
ABSTRACT
This study examined the Impact peak milk television advertisement on consumer’s buying behavior in Edo St...
THE IMPACT OF MICROFINANCE CREDIT ON AGRICULTURAL PRODUCTIVITY IN NIGERIA
EXCERPT FROM THE STUDY
Theory Risk and uncertainty concepts in agriculture are subjects internationally discussed by the...
EVALUATION OF HAEMATOLOGICAL PROFILES OF WOMEN AND CHILDREN INFECTED WITH MALARIAL PARASITES IN BOSSO AND PAIKORO LOCAL GOVERNMENT AREAS OF NIGER STATE
ABSTRACT
Malaria continues to be a major public health challenge especially in the African region despite the availability of anti malari...
EFFECT OF STRESS ON EMPLOYEES’ PERFORMANCE IN AN ORGANIZATION
ABSTRACT
This study examined the effect of stress on employees’ performance in an organ...
NEWS COMMERCIALIZATION AND ITS EFFECTS ON THE CONTENTS OF PRIVATE MEDIA
Abstract
The research examines the effects of news commercialization on the contents of private media&r...
