ProjectClue.com WhatsApp or Call Us

projectclue whatsapp icon07030248044

Project Topic:

EFFECTS FRAUDULENT ACT IN THE BANKING SECTOR

Project Information:

 Format: MS WORD ::   Chapters: 1 - 5  ::   Pages: 38 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   4,561 people found this useful

Project Department:

BANKING FINANCE UNDERGRADUATE PROJECT TOPICS, RESEARCH WORKS AND MATERIALS

Project Body:

ABSTRACT

At that place were so many difficulties which this research work was confronted with bank officials were so loath to give out helpful information about this problem and there was likewise the cost of research and limited  time for learning analysis and prop or interpretation of   data effort was reached by the researcher to personally visit places where the above secondary data were turned up. In the absence for the need for primary data question pairs administration was deemed unqualified therefore every material used in the research, writing were completely work done by the other person's personal effort was merely used in drawing out relevant information needed for the task. 

After due analysis of the available secondary data the researcher identified the statistical data of members of staff involved in frauds and forgeries, returns of commercial and merchant bank in frauds and forgeries and then along.

Experience has demonstrated that even in the most regulated home accidents can even occur. Bank staff should be properly sorted before being used and adequate bank education should be devised for the banks questioners. 

 

CHAPTER ONE

INTRODUCTION 

1.1       BACKGROUND OF STUDY

1.2       STATEMENT OF PROBLEM

1.3       THE AIM OF THE STUDY 

1.4       RESEARCH QUESTIONS 

1.5       SIGNIFICANCE OF THE STUDY 

1.6       SCOPE LIMITATION AND DELIMITATION 

REFERENCES

 

CHAPTER TWO

REVIEW OF RELATED LITERATURE 

2.1       WHAT IS FRAUD IN THE BANKING INDUSTRY 

2.2       CAUSES OF BANK FRAUD 

2.3       TYPE OF FRAUD 

2.4 ADVANCE FEE FRAUD (“419”)

2.5       EFFECTS OF BANK FRAUD 

2.6       REASONS FOR COMMITTING FRAUD 

2.7       TECHNIQUE OF FRAUD CONTROL IN BANKS 

REFERENCES

 

CHAPTER THREE

RESEARCH DESIGN AND METHODOLOGY

3.1       SOURCE OF DATA 

3.2       LOCATION OF DATA 

3.3       METHOD OF INVESTIGATION 

REFERENCE

 

CHAPTER FOUR

4.0       SUMMARY OF FINDINGS 

4.1       MEMBERS OF STAFF INVOLVES IN FRAUD AND FORGERIES 1989-2003

4.2       RETURNS OF COMMERCIAL BANKS ON FRAUD AND FORGERIES 1989-1998

4.3       RETURNS OF MERCHANT BANK IN FRAUD AND FORGERIES 1989-2003

4.4       TEN BANK WITH HIGHEST NUMBER OF REPORTED FRAUD CASES 1989-2003

REFERENCE

 

CHAPTER FIVE

5.1       CONCLUSION AND RECOMMENDATION

5.2       RECOMMENDATIONS 

BIBLIOGRAPHY

 

 

INTRODUCTION

Fraudulent act in the banking industry” is of a peculiar concern to the monetary control and supervisory authority who are consigned with the safety of individual banks and the firmness of the banking industry. 

Fraudulent act” is common in Nigeria banking industry, but clients as well as employees, temporary staff engage in fraud and forgeries in banks.

Frequent occurrence of fraud ultimately distracts the attention of the management and lead to increase in running cost.

Time and energy that would have been spent improving customer service would be expended in preventing fraud. Increasing instances of fraud and  forgeries in our banks lately if not shaped would pose certain threats to the stability and survival of individual banks and the public presentation of the industry as a whole. Reported instances of fraud in merchant banks dropped significantly from 16 in 1997 to 9 during the year 1998 similarly, there was a decrease in the total quantity involved, from 187-59 million in 1997 to N67.35 million in 1998.

Fraud in whatever loss is limitless in classification. In the banking industry, there could be the presentation of forged checks granting of unauthorized loans unauthorized overdraft, position of fictitious credits, suppression of checks, fraudulent transfer and withdrawal and so on, Dr John Orjih in his text, defined fraud as the deliberate effort aimed at obtaining unlawful advantage at the hurt of another individual who is the true possessor of the store.

Awosanya, widely defined fraud as any deliberate action in whatever configuration, written, spoken, physically designed  to deprive a legitimate owner or his or her asset, property or right. 

Osborne, defined fraud as a means of obtaining material advantage by unfair or wrongful means involving certain moral responsibilities.

 

STATEMENT OF PROBLEM

            Banks operate on the pivot of public confidence and faith in the ability of the bank of delivering as and when demanded the Nigeria society is poisoned with the desire to become rich fast so as to feel important, as they behave that wealth is the measure for power and importance. It is in the realization of these facts that those get rich quick minded set of people steer their attention to defrauding the banks.

            Fraud has caused the loss of large sums of money, contributing to the liquidating of several banks and consequent unemployment and similar troubles.

            This work is therefore beset by the actuate problem of finding out the genesis and cause of fraudulent act in the banking industry the magnitude of fraudulent practices in the police records remains worrisome, and this has made  a partial paralysis on the base of the stem of the Nigeria banking system. 

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  ::   5110 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  ::   18289 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