ProjectClue.com WhatsApp or Call Us

projectclue whatsapp icon07030248044

Project Topic:

Critical analysis of fraud in Nigerian financial institution

Project Information:

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 52 ::   Attributes: Questionnaire, Data Analysis, Abstract  ::   1,712 people found this useful

Project Department:

BANKING FINANCE UNDERGRADUATE PROJECT TOPICS, RESEARCH WORKS AND MATERIALS

Project Body:

INTRODUCTION
1.1 STATEMENT OF PROBLEM 

Initially, fraud (i.e. deliberate effort to obtain financial advantage of a person unlawfully) was become the problematic term inhibiting the proper functioning or operation of bank. As scrutinized experience bank inspectors and auditors that totally implication or hazard impact of fraud in Nigeria economy is reduction on economic growth and development (Okechukwu 2004).
Furthermore, it had caused unimaginable distress to banks in Nigeria, especially to the new generation banks. This goes long way to affect bank performance negatively.
However, the critical implication of fraud on Nigerian banks which the researcher will investigate on, are its bad effects to these three concepts, liquidity sufficiency , profitability customer and banks relationship.

1.2 RATIONALE OF STUDY:
Financial distress is easily noticeable in the Nigerian institution, Amels (1993) was defined financial distress as “a condition when the banking system as a whole has negative capital and current profit are insufficient to cover losses to such an extent that the banking system’s unable to general internally positive capital”.
It has negative impact to the bank capital and its current profits are inadequate to cover losses as well as general positive capital. (Profitability` reason), subsequently, the bank will be technically insolvent (liquidity reason). However, many operators, watchers financial institution know that all is not well with a number of the operating institutions (customers / bank reason). It needs nobody to be convinced that the system is not very comfortable and that some of its members are distressed and technically insolvent, while some of the others are unsound. This negative performance discourages the depositors and investors to make more deposit or inflow.
Lastly, this motivates the researcher to see these three determinant cores as a crucial concept to study.

1.3 SIGNIFICANCE OF STUDY: 
The concept will help the following fields or sectors in Nigeria.
(a) Bank: Firstly, to maintain their liquidity level in the banks to be able to meet the depositor demand.
(b) Customer: it maintains customers and public confidence and trust have to the bank, due to sound liquidity management and in the other hands, in service, relation e.t.c.
(c) Banking policy / rule: Where this three concept are effectively manager, it will enable the banks to meet up C.B.N requirement. Such as especial deposit, legal required ratio e.t.c.
(d) Nigeria Economy: it will boost up Nigeria economy, due to the profits made by Nigeria bank and investment of the customer in the bank. Such as being a shareholder, but seeing first the profitability and liquidity level of such bank.

1.4 DEFINITION OF THE TERMS 
1. LIQUIDITY SUFFICIENCY
This measure the ability of a bank to meet its short term obligations as when they are due for payment. For example meeting customer demand.
2. PROFITABILITY CAPACITY:
This concept measures the level of income which the banks earn from its operations. The profitability position is a made of measuring the performance of the banks. Banks are such to be maintain my adequate profitability position when their earning is high.
3. CUSTOMER AND BANKS RELATIONSHIP:
There are two terms near, customer and banks. Customer to bank is person or persons, society, from or company who termed to be customer of a bank by making offer to become a customer which the bank duly accepts.
Bank is defined as any person or corporation who are authorize to accept deposit from individual and licensed to act as financial institution by federal government to render the following service.
– Acceptance of deposit from customer
– Making payment locally or outside Nigeria
– Granting loans and advance to customers
– Securities trading
– Clearing of cheque and similar instruments for customers.
However, customer and banks relationship is where banks perform their basic obligation owned to customers which includes payment of deposit on demand, standing order activity, issuing of on his (customer) behaves etc while customer performs his own duty such as securing of the cheque book sufficient funds to the account for purpose of standing other etc.

Fraud can be defined “in its lexical meaning, as an act or course of deception deliberately practiced to again unlawful or unfair advantage, deception directed to the detriment of another” (F.I.T.C)

Get the complete project »


Instant Share On Social Media:


Can't find what you are looking for?
Call (+234) 07030248044.

OTHER SIMILAR BANKING FINANCE PROJECTS AND MATERIALS

A CRITICAL ANALYSIS OF CAUSES AND PROBLEM OF FINANCIAL DISTRESS IN NIGERIA BANKING SECTOR (A CASE STUDY OF AFEX BANK PLC.)

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 68 ::   Attributes: Questionnaire, Data Analysis,Abstract

CHAPTER ONE INTRODUCTION The importance of capital as a necessity though not sufficient condition for economic growth is recognized in development economy where it is believed that the position of ...Continue reading »

A CRITICAL ANALYSIS OF THE USE OF FINANCIAL REPORT IN ASSESSING BANK PERFORMANCE. (A CASE STUDY UNION BANK OF NIGERIA PLC)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 72 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   5108 engagements

CHAPTER ONE INTRUDUCTION BACKGROUND OF STUDY A farmer, who plants corps, expects result, similarly to student who sits for examination expects results. The same 5 also true of an investor. For the ...Continue reading »

A CRITICAL ANALYSIS ON THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 72 ::   Attributes: Questionnaire, Data Analysis  ::   18288 engagements

ABSTRACT This project work is carried out to examine the contribution of micro finance banks to the development of Small and medium scale enterprises in Nigeria. The Brass micro finance bank is used a...Continue reading »

A CRITICAL APPRAISAL OF CURRENT ASSETS MANAGEMENT IN PUBLIC LIMITED LIABILITY COMPANIES

 Format: MS WORD ::   Chapters: 1 - 5  ::   Pages: 80 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   3640 engagements

ABSTRACT This project examined the management of current assets in public Limited Liability Company. It is obvious that no company can perform well without good current asset management. This cares f...Continue reading »

A CRITICAL APPRAISAL OF CURRENT ASSETS MANAGEMENT IN PUBLIC LIMITED LIABILITY COMPANIES

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 55 ::   Attributes: Questionnaire, Data Analysis, Abstract

CHAPTER ONE 1.0 INTRUDUCTION: Current assets as one of the management tolls of business organization are very important in the proper function of business and achievement of organizational goal. Cur...Continue reading »

A CRITICAL ASSESSMENT OF THE SURVIVAL STRATEGIES OF DEPOSIT MONEY BANKS IN A DEPRESSED ECONOMY

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 68 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   1808 engagements

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Nigerian economy is faced with national and global economic challenges and as such, the financial institutions, especially the banking sector ha...Continue reading »

What are looking for today?

WHAT OUR CUSTOMERS ARE SAYING:
  • 1. Abubakar Sani from Nigerian Investment Promotion Commission said "I had a wonderful experience using ProjectClue, they delivered not only on time, but the content had good quality. I recommend ProjectClue for any project research work.".
    Rating: Excellent
  • 2. Ogunniran Olawale from Ekiti state university said "Projectclue is really safe and reliable Quick access to project works Nice customer service Fast delivery of request Recommend this toy fellow students ".
    Rating: Excellent
  • 3. Fahat Nasir from isa kaita college of education dutsinma said "Fish farming a solution unemployment ".
    Rating: Very Good
  • 4. Ajimbi Oluwarotimi from Theology school osun said "Good ".
    Rating: Very Good
  • 5. Clement Abdullahi Ogiji from National Open University of Nigeria said "I am a living witness and have recommended project clue to a lot of students, so far none have been disappointed, very reliable and, trustworthy and dependable".
    Rating: Excellent
  • 6. Jhuee from Sultan national high school said "Good quality. I recommend project clue for any project research work.".
    Rating: Excellent