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 3000
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
THE APPRAISAL OF MULTI-NATIONAL CORPORATION TO THE CONTRIBUTION OF COMMUNITY DEVELOPMENT ( A CASE STUDY OF EXXON MOBIL OIL COMPANY, EKET) AKWA-IBOM STATE
ABSTRACT
Multinational Corporation is now globally accepted business firms which have adopted various cultures and take responsibility fo...
INDISCIPLINE AMONG CIVIL SERVANTS INDISCIPLINE AND ITS IMPACT ON WORK PRODUCTIVITY
BACKGROUND OF THE STUDY
Any company's ability to remain profitable and in business is directly prop...
IMPACT OF CHRISTIAN RELIGION ON CULTURE
-
-
Background of the study
-
In this paper, Christ...
ROLE OF THE LIBRARY AS AN INFORMATION RESOURCE IN PROMOTING HUMAN RIGHTS
ABSTRACT
This research studies the role of the library as an information resource in promoting human rights in Nigeria,...
THE IMPACT OF ICT ON THE NIGERIAN ECONOMIC GROWTH AND DEVELOPMENT
ABSTRACT
In Nigeria, provision of public infrastructure is grossly inadequate and poor. Necessary telecommunication serv...
SANITATION PRACTICES AND IT'S IMPLICATION ON THE HEALTH OF UNDERGRADUATE STUDENTS OF KWARA STATE UNIVERSITY, MALETE
BACKGROUND OF THE STUDY
When it comes to preserving people's health, sanitation refers to both the...
THE EFFECT OF ABORTION ON ADOLESCENT
ABSTRACT
This study was carried out on The effect of abortion on adolescent using female undergrad...
AN EVALUATION OF HEADTEACHERS LEADERSHIP STYLE AND ITS EFFECT ON THE ACADEMIC PERFORMANCE OF PUPILS IN BECE IN ASOUGYAMAN DISTRICT, GHANA
Background Of The Study
Over the years, there have been a lot of concerns over the effectiveness of lea...
STATISTICAL ANALYSIS OF TRAFFIC CONGESTION
Abstract
The menace of traffic congestion in Nigeria especially in major cities has been a cause of maj...
PROBLEMS OF POLICY IMPLEMENTATION IN NIGERIA (A CASE STUDY OF EGBEMA)
Background Of The Study
In every society, there must exist some problems. These problems could be in th...
