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Evaluation Of Fraud Control Measures In The Nigerian Banking Sector
[A CASE STUDY OF CENTRAL BANK OF NIGERIA, KADUNA BRANCH]
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1.3 OBJECTIVE OF THE STUDY
The primary objective of the research is
to evaluate the fraud control measures in the Nigerian Banks practical
means of reducing the incidence of fraud in our bank to achieve these
objectives, the following secondary objective have been specified.
1. To identify the causes of fraud perpetrated in bank
2. To ascertain the effectiveness of various fraud control measures adopted by banks.
3. To determine the effects of fraud in the banking industry and the economy in general.
By
so doing, customer is better informed on the nature, type modes and
various operations of the various frauds and so placed in a better
position to prevent and detect any fraud led activity.
1.4 RESEARCH QUESTIONS
1. What are the causes of fraud perpetrated in banks?
2. How effective is the various fraud control measures adopted in Nigerian Bank in the prevention and detection of fraud.
3. What are the effects of fraud practices in the Nigerian banking indu
1.5 STATEMENT OF HYPOTHESIS
HO: There is no significant effect of fraud in the banking industry and the economy in general.
HI: There is no significant relation between greed by bank staff and fraud perpetrated in banks.
HO:
There is no significant relationship between the effectiveness of fraud
control measures instituted by banks and the level of fraud committed
in the banks.
HI: There is no significant relationship between fraud committed in the banks and distress experienced in Nigerian banks.
HO: There is no significant cause of fraud perpetrated in banks.
HI: There is a significant causes of fraud perpetrated in banks.
1.6 SIGNIFICANCE OF THE STUDY
The
significance of the research study is hinged on the fact that the fate
of the Nigerian economy is inevitably tied to the structure, direction
and survival of the banking and financial system, it follows therefore
that any serious destruction in the system will not only affect the
system alone but the Nigerian economy and the
public in general and
the consequences which could leave the economy in jeopardy. Therefore,
the remediation will help take the problem of fraud thereby reducing
bank failures and stabilize the industry.
The research study will go a
long way to show the effect of fraud in banks, its implication on the
industry and possible remedies. It also shows the impact of those remedy
on the economy and society in general. Banks and other financial
institutions are expected to gain double from this study. First the
study will highlight operations, lapses and others that give room for
fraudulent activities in the banks and secondly will also stimulate self
assessments by banks the research work will also go a long way in
increasing the knowledge of students of banking financial management
accounting, administration and other related discipline.
1.7 SCOPE OF STUDY
The scope of this study research will however be limited to only banking using central bank of Nigeria (CBN) as a case study.
The
study is primarily concerned with the investigation and evaluation of
fraud control measure in the Nigerian banking sector with regard to
central bank of Nigeria (CBN).
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTThe purpose of this topic evaluation of fraud control measures in Nigerian banking sector [a case study of central bank of Nigeria, Kaduna branch] is to aimed at finding practical means of eliminating, reducing the incidence of fraud in our banking industries and researcher used both primary and secondary source. Questionnaire and order interview were administered on a population of 350 person made up of both staff of central bank and management, the findings derives from respondents ind ... Continue reading---
