ProjectClue.com WhatsApp or Call Us

projectclue whatsapp icon07030248044

Project Topic:

FRAUD DEFECTION AND PREVENTION IN COMMERCIAL BANK

Project Information:

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 70 ::   Attributes: Questionnaire, Data Analysis, Abstract  ::   1,570 people found this useful

Project Department:

BANKING FINANCE UNDERGRADUATE PROJECT TOPICS, RESEARCH WORKS AND MATERIALS

Project Body:

CHAPTER ONE

1.0            INTRODUCTION

1.1               BACKGROUND OF THE PROBLEMS AND STUDY

 Fraud have been or become a common feature in all aspects of business life in Nigeria. It has assumed a predominant dimension in the banking industry such that it now constitutes serious threat to the proper practice and spread of the Nigeria. Millions of naira are lost through the machine of either to account holders or bank officials or account holders in collaboration with bank officials. The offence ranges from the falsification of entries, forgery of  signatures of accounts holders, to that by banks cushions and customers.

At most serious dimension has been added to this practice by so called relax frauds, where by false tele-message in respect of million naira. Are transacted or transmitted to forger fictitious account over-seas, cashed only overseas collaborators, and there by draining Nigeria of her foreign exchange earnings.

Because increase in number and amount involved in these fraud and the supplication with which they are carried out complied with the higher status of banks officials involved, there is need for the industry to carry out a comprehensive study of the types and cause of frauds with a view to proffering remedies to the banker worm.

 

1.2               STATEMENT OF THE PROBLEM

Frequent occurrence of frauds, distracts attention of the management and lead to increase running cost. Time and emerge that should be spend on improving customers service equipment activities are spent in setting up fraud control procedures and systems or setting fraud ease out of court.

1.3               STUDY OBJECTIVE

1.3.1       GENERAL OBJECTIVE

This research work is the first and for most meant to give an insight to the effective investigation of the treat of fraud so that banks can take necessary action to remedy the situation. In the high of this suggestion are given on how the subject matter (frauds) can be detected when it occurs and also on of the how it can be controlled. This will ensure efficient running of the operation of the bank and will help eliminate necessary wastages.

1.3.2       SPECIFIC OBJECTIVES

1.     This study is designated to cover frauds of various kind of fraud in the commercial bank, visa-visa it prevention and detection

2.     It also covers the factors that may lead to frauds, so that bank can be aware and take necessary corrective measures against those factors.

3.     Another area covered by this study is to low a fraudulent situation could be treated in which the banks does immediately after the dictation of frauds of course of any research work is bound to be constrained by certain limiting factors.

The time will be not sufficient enough to record the topic an extensive coverage. More so by choosing first bank of Nigeria, plc being a lending banking institution in the country the researcher hope to have access to the require information and necessary at lesser cost without much energy and wastage.

4.      The study also give a higher suggestion and how the subject matter (frauds) can be detected when it occurs and also an how it can be controlled.

 

1.4               RESEARCH QUESTIONS

Fraud is an international distortion of financial statement for whatever purpose and it is a misappropriation of assets whether or not it is accompanied by distortion of financial statement.

Fraud has become a common activities in the banking sector in Nigeria it has become a predominant dimension in the banking industries such that it now constitutes serious threat to the proper practice and spread of in the Nigerian banking industry, that is why the researcher have the following question in mind:

i.                   How does the fraud trends be tackled and elimination in the Nigerian banking system?

ii.                 What are the most significant factor or measures of detecting and controlling the frauds?

iii.              Does the management of the banks or officials make any contribution in the reduction of frauds?

iv.              Do the staffs effort make any impact to the reduction of fraud?

v.                 To what extent does the government helps in detecting or fighting against the fraudulent act in the banking sector?

vi.              What are the modern techniques or preventives measures of fraud detection in Nigerian banking industry?

This are some questions does the researcher have in mind with the view to answer them at the end of the research.

1.5               SIGNIFICANCE OF THE STUDY

Apart from the importance of the study, it is also the fact that it will create awareness for the careless bank (if any) on the consequence of allowing the fraud to occur.

Also for the banks already taking care to give them additional suggestion on how to improve more on their preventive/or control measures and that is the research have discussed to general limitation.

The study will also helps the bankers to be informed on the right they have to cover money they have paid against a forger.

1.6               SCOPE OF THE STUDY

This research is designated to cover frauds in various kind of commercial banks, it prevention and detection. It also covers the factors that may leads to fraud so that the b

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  ::   5109 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