0704-883-0675     |      dataprojectng@gmail.com

ASSESSMENT OF FRAUD PREVENTION DETECTION AND CONTROL IN NIGERIA BANKING INDUSTRY

  • Project Research
  • 1-5 Chapters
  • Quantitative
  • Simple Percentage
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: APA
  • Recommended for : Student Researchers
  • NGN 5000

ABSTRACT

This work is all about fraud prevention, detection and control in the banking sector of Nigeria. This study has Habib Nigeria bank Limited, Enugu as a case study. From the study, such factors like poor staffing, poor remuneration, weak internal control among other factors contributed immensely to the incidence of fraud in banks. The study revealed that the most effective way of preventing fraud in banks is through an effective in-built control mechanism. This internal control mechanism is designed in such a way to designate responsibilities so that a staff’s activities are checked by another which is in turn checked by a higher officer. This calls for a strong and independent inspection and audit department in every bank comprising of staff with impeccable integrity. This study applied necessary data collection techniques such as questionnaires. The study therefore recommends that banks should have in place sound/effective internal control mechanism/checks and balances and provide adequate remuneration and reward for excellence and good conduct while the incessant and periodic downsizing of bank staffs should be discouraged. There should be steadfastness in punishing offenders and adoption of zero tolerance to corruption. The society should imbibe cultural value system of treating fraudsters with contempt.




FIND OTHER RELATED TOPICS


Related Project Materials

The Role of IFRS in Shaping the Future of the Accounting Profession in Nigeria

Background of the Study
The International Financial Reporting Standards (IFRS) have transformed the landscape of financial...

Read more
AN EVALUATION OF MASS MEDIA INFLUENCE ON LIFESTYLE OF YOUTHS

ABSTRACT

Mass media refers to those media that are designed to be consumed by large audiences through t...

Read more
AN EXAMINATION OF INNOVATIONS IN INTEGRATING ARTIFICIAL INTELLIGENCE INTO VOCATIONAL CURRICULA

ABSTRACT: Innovations in Integrating Artificial Intelligence into Vocational Curricula is an evolving subject crucial for modernizing educatio...

Read more
An Evaluation of Healthcare Waste Disposal Methods and Environmental Impact: A Study of Hospitals in Gombe State

Background of the Study

Healthcare waste disposal is a critical component of hospital management, with improper disposal posing significa...

Read more
THE ROLE OF COST ACCOUNTING FOR ENVIRONMENTAL REMEDIATION PROJECTS

Abstract: THE ROLE OF COST ACCOUNTING FOR ENVIRONMENTAL REMEDIATION PROJECTS

This study investigates the role of cost accounting in manag...

Read more
THE INVENTORY MANAGEMENT AND CORPORATE PROFITABILITY OF A MANUFACTURING COMPANY

ABSTRACT

This study was carried out to examine the inventory management and corporate profitability of a manufacturing c...

Read more
The Effect of Intensive Nursing Care on Stroke Patients’ Recovery in Taraba State

Background of the Study

Stroke is a leading cause of disability and mortality worldwide, requiring prompt and intensive medical care for...

Read more
MARKET SEGMENTATION AS AN EFFICIENT TOOL OF ACHIEVING INCREASED MARKET SHARE

Abstract

This main aim of business is to seek, attract and retain customers who will use the company various products to...

Read more
An Investigation of the Role of Political Will in Addressing Corruption in Gombe LGA, Gombe State: A Case Study of Anti-Corruption Initiatives

Background of the Study

Corruption remains one of the key challenges hindering development in Nigeria, particularly at t...

Read more
PROXIMATE DETERMINANTS: THE PATHWAYS OF INFLUENCE OF UNDERLYING FACTORS ON UNDER-FIVE MORTALITY IN NIGERIA

Abstract

Nigeria is a country with one of the world’s highest rate of under-five mortality. Any innovative research aimed at bringi...

Read more
Share this page with your friends




whatsapp