Effective Internal Control Of Frauds In Banks A Case Study Of Commercial And Merchant Banks In Nigeria

📄 Project Abstract

Ever since banking evolved, banks have come to be seen as one of the few places where one's treasures can be kept without fear of theft. As a result bankers all over the world were and still are seen as repositories of trust and fidelity. However, in the recent past, the integrity of bankers and the banking industry in Nigeria have come into question. An epidemic called fraud has hit the banking industry. This fraud has led to the loss of confidence by the public in banking institutions. The incidence of fraud is universal and permeates the society as a whole. However, for this study, we have narrowed down our scope to the commercial and merchant banks in order to take a meaningful study. Though not specifically stated, yet the researcher conducted the study for the period between 1985 to 1994, within which period cases of fraud were much in the news. The research was based on a number of postulations which include 1. The clerical category of bank employee are more likely to engage in ...