Management Of Fraud In The Nigerian Banking Industry: A Case Study Of Some Selected Banks

📄 Project Abstract

Recently, the incidence of frauds has got the attention of all and sundry and has been the focus of government attention. The wave of this current happenings in the financial sector, especially the banking sub-sector dictates a worrisome pace and makes it an intractable problem of modern day banking, that our banking industry would finally arrived at this impasse was a matter of time. Bombarded by inside abuse, outsider scams, customer/worker collusion and immense wastage, this supposedly enduring edifice built on assumed unwavering trust has gone through a chaotic metamorphosis in just under a decade. This study is an attempt to examine ways of arresting detecting, preventing and controlling this cancer fraud in our banking system. The study revealed that the most common types of reported fraud and forgery cases during the 1997/1998 financial years were unauthorised overdraft, presentation of forged cheques, posting of fictitious credits, suppression of cheques, fraudulent transfer an...