0704-883-0675     |      dataprojectng@gmail.com

An Evaluation of Anti-Fraud Mechanisms in Nigerian Banks: A Case Study of Polaris Bank

  • Project Research
  • 1-5 Chapters
  • Abstract : Available
  • Table of Content: Available
  • Reference Style:
  • Recommended for :
  • NGN 5000

Background of the Study

The Nigerian banking sector has faced significant challenges with fraud, which undermines financial stability and public trust. To combat these challenges, banks have implemented various anti-fraud mechanisms, including whistleblowing policies, fraud detection software, and robust internal audits (Okoro & Adegbite, 2023).

Polaris Bank, as a key player in the Nigerian banking sector, has been at the forefront of adopting anti-fraud measures. However, despite these efforts, instances of fraud persist, raising questions about the effectiveness of these mechanisms. This study evaluates the anti-fraud mechanisms implemented by Polaris Bank, identifying their strengths and weaknesses.

Statement of the Problem

Fraud continues to pose a threat to the Nigerian banking sector, with banks losing billions annually to fraudulent activities. Although Polaris Bank has implemented various anti-fraud mechanisms, the effectiveness of these measures remains unclear.

This study examines the anti-fraud mechanisms at Polaris Bank, identifying areas for improvement and proposing strategies to enhance their effectiveness (Adebayo & Olanrewaju, 2024).

Objectives of the Study

  1. To evaluate the effectiveness of anti-fraud mechanisms at Polaris Bank.

  2. To identify weaknesses in Polaris Bank’s anti-fraud systems.

  3. To recommend strategies for improving anti-fraud mechanisms in Nigerian banks.

Research Questions

  1. How effective are the anti-fraud mechanisms at Polaris Bank?

  2. What weaknesses exist in Polaris Bank’s anti-fraud systems?

  3. What strategies can improve anti-fraud mechanisms in Nigerian banks?

Research Hypotheses

  1. Anti-fraud mechanisms significantly reduce fraud at Polaris Bank.

  2. Weaknesses in anti-fraud systems increase the risk of fraudulent activities.

  3. Implementing advanced anti-fraud strategies enhances fraud prevention in banks.

Scope and Limitations of the Study

The study focuses on Polaris Bank’s anti-fraud mechanisms from 2015 to 2025. Limitations include restricted access to sensitive fraud-related data and the reliance on staff perceptions for evaluations.

Definition of Terms

  • Anti-Fraud Mechanisms: Strategies and tools used to detect and prevent fraudulent activities.

  • Polaris Bank: A Nigerian commercial bank.

  • Fraud: Deceptive practices aimed at gaining unlawful financial advantage.





Related Project Materials

Share this page with your friends




whatsapp