INVESTIGATION OF FRAUD PREVENTION AND CONTROL IN BANKING SYSTEM
- Project Research
- 1-5 Chapters
- Quantitative
- Chi-Square
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
ABSTRACT
This study was carried out to examine fraud prevention and control in banking system using staffs of three (3) selected banks in Ikeja, Lagos State as case study. Specifically, the study was aimed at studying critically how fraud in banks could be prevented and controlled, evaluate the easiest way ration of fraud and other fraud committed could be electronically captured, and proffer ways to reduce the spread of fraud in our banking system, through effective monitoring control procedure and efficient monitoring electronic transaction until properly executed. The study employed the survey descriptive research design. A total of 60 responses were validated from the survey. From the responses obtained and analysed, the findings revealed that financial fraud in banking system is difficult to be prevented and controlled in banking system, bank fraud has no negative effect on the profitability of the banking system, and bank fraud has no significant impact on depositors confidence in banks. The study therefore recommends dormant account should be closely monitored and any transaction on them should be monitored with the consent of management inspector from the central bank of Nigeria must be allowed to visit and inspect the bank records at least once every year. This is to ensure that the bank are complying with CBN regulation and other statutory provision. Also, adequate discipline must be maintained among staff and professional ethics preached regular basis. Any observed fraudulent practice must be matched with adequate sanction. Each case must be purely treated on its merit.
Related Project Materials
An appraisal of the role of faith-based organizations in rural community development in Umuahia South Local Government Area, Abia State, Nigeria
Background of the Study
Faith-based organizations (FBOs) have historically played a significant role in rural community de...
An investigation of the role of ethics in retail business customer relations: A study of department stores in Kaduna State
Background of the Study
Ethics play a vital role in establishing trust and fostering long-term relation...
The impact of branch network modernization on increasing service accessibility in banking: a case study of Union Bank of Nigeria
Background of the Study
In an era defined by rapid technological advancement, traditional banking models are being re-eval...
PROBLEMS OF STUDENTS IN CONDUCTING EFFECTIVE PHYSICS PRACTICAL IN SENIOR SECONDARY SCHOOLS
ABSTRACT
This study concerned itself with effective physics practical in secondary schools. It examined whether the way...
A Study of the Influence of Nollywood Movies on Youths: A Case Study of Dala Local Government Area, Kano State
Chapter One: Introduction
1.1 Background of the Study
Nollywood, the Nigerian film industry, has become one of the largest film...
THE PERCEIVED EFFECTS OF SEXUAL HARASSMENT AND SOCIAL INTELLIGENCE ON THE SOCIAL INTERACTION OF SERIALLY FRUSTRATED UNDERGRADUATES
ABSTRACT
The study examined perceived effect of sexual harassment and social intelligence on the social interaction of s...
The impact of social isolation on mental health among elderly people in Lagos State
Background of the Study
Social isolation is increasingly recognized as a critical determinant of mental health, particularly among elderl...
An assessment of the adequacy of vocational education curriculum in Pankshin Local Government Area, Plateau State
Background of the Study
Vocational education plays an indispensable role in equipping students with pract...
Development of a Cloud-Based Course Management System for Secondary Schools in Minna Local Government, Niger State
Background of the Study
The shift towards digital education has necessitated the development of robust course management s...
Analysis of the Use of AI-Powered Virtual Teaching Assistants in Secondary Schools in Gombe Local Government Area, Gombe State
Background of the study
The integration of artificial intelligence (AI) into education has opened new avenues for enhancing...
