Download Tag: FRAUD

ABSTRACT Commercial Banks occupy an indispensable position in the Nigeria economy.  They are the picot upon which other business firms and other activities revolve and “a conduit pipe through which all financial transactions pass”.  However, literature in the field shows  that fraud and  other financial  malpractice in  the Nigeria Banking system nearly always lead to loss of monies that ordinarily belong to someone other than banks.   In every bank cases ...

ABSTRACT The aim of the study is to appraise the role of internal audit in the management of fraud with special emphasis on Zenith Bank Plc. The main objective of this study is to ascertain the role played by internal audit in the management of fraud. The specific objectives include; (1) to examine the role of internal audit in the detection of fraud, (2) to examine the role of internal ...

Abstract The study will investigate the impact of E-naira in tracking money laundering and fraud in Nigeria. The following objectives will be used for the study: following objectives will be ascertained; Examine the perception of users on the security of their e-wallet, determine if the introduction of e-Naira will increase money fraud rate in Nigeria, ascertain if the invention of e-Naira will heighten hacking of online transaction and investigate if the ...

Abstract This study was on accounting records and fraud preventive measures. Three objectives were raised which included:  ascertained the various types of financia1 frauds prevalent in government parastatals, ascertained the causes of financial frauds in government parastatals, ascertained the various internal control measures adopted by government to prevent financial frauds in its parastatals, ascertained the opinions of junior and senior staff on the causes of financial frauds in government parastatals ...

Abstract This study was on the Impact of Enaira in Tracking Money Laundering and Fraud in Nigeria.Three objectives were raised which included; Examine the perception of users on the security of their e-wallet, determine if the introduction of e-Naira will increase money fraud rate in Nigeria, Ascertain if the invention of e-Naira will heighten hacking of online transaction and Investigate if the e-Naira platform has the capacity to track money laundering ...

CHAPTER ONE INTRODUCTION 1.1  STATEMENT TO PROBLEM Initially, fraud (ie deliberate effort to obtain financial advantage of a person unlawfully) was become the problematic term inhibiting the proper functioning or operation of bank. As scrutinized experience  bank inspectors and auditors that totally implication or hazard  impact  of fraud in Nigeria economy is reduction on economic growth and development (Okechukwu 2014). Furthermore, it had caused unimaginable distress to banks in Nigeria, especially to the new ...

CHAPTER ONE INTRODUCTION 1.1   STATEMENT TO PROBLEM Seeing all the adequate measures such as internal control auditing, separation of duties, monitoring of branch operations, application of diplomacy actions etc. in order to control fraud and forgery in the Nigerian banking industries, still there is fraud and forgery in the Nigeria banking industry. More still, banks screen the best staff for employment monitor and check dormant accounts, apply fraud detecting machines ...

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND TO STUDY The banking system in Nigeria from 1993 till data has been characterized by diverse mismanagement resorting from so many factors ranging from volume of capital to bank reserve in made of transaction, bankers/customer relationship and on the human factor frauds which have till date been threatening the corporate existence of the banking system in Nigeria (AKIN TNDE: 2012). ‘Fraud as the subject matter of ...

ABSTRACT Fraud and financial malpractice as a leading factor in business failure provides means of appraising company’s performance and diagnosing its ills and weakness. The research conducted a critical study on this topic with the intention of finding out the extent to which a company, firm or business organization has carried out efficiently appraisals and highlighting deficiencies which are usually believed are not existing or whether the company is as ...

ABSTRACT There appears to be little doubt about the fact that frauds in banks are a matter of the greatest concern to accountant, the monetary/political authorities and the generality of Nigerians today. It is so for many reasons. The methods acquire sophistication by the day. The size increases in geometric progression. The people involved hitherto are among the respectable members of the church, the mosque, and the community. Also, the ...

ABSTRACT Fraud in the Nigerian banking institution in seen by people as an enemy, moreover on their own assets even when they themselves are cleaver fraudsters or dupes on their people. It exists in different sectors of our nations economy’s education, Agriculture , Mining, Production Banking. The researcher has systematically expository and analytically presented the empirical examination of fraud in the Nigerian Banking industry taking into consideration symptoms that necessitated ...

ABSTRACT This project is designed to critically analyze the incidence of fraud in the Nigeria financial institutions with references to the banking industries. Fraud in both private and public sector of Nigeria economy is an age long phenomenon that has for a long time being threatening the growth and development of the Nigerian nation state. It has defiled very professional expertise know-how due to its continuous increase.  The effect of fraud on ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY It will not be easy to say the exact date fraud began in the Nigerian Banking Industry.However, we are going to have a look at dates of the establishment of the first two indigenous banks in Nigeria as this will help us to trace the origin of some loopholes which bring about fraudulent practices in Nigerian banking system. The National Bank of ...

1.0     INTRODUCTION The word fraud refers to the irregularities involving the use of criminal deception to obtain an unjust or illegal advantage. It send a wave of doubts, curiosity, anxiety and concern to people as regards the safety of be it financial or otherwise. It exists in different sectors of our nations economy, education, agriculture, mining, production, banking etc. However, First Bank of Nigeria Plc was founded in 1894, by ...

CHAPTER ONE INTRODUCTION 1.1    BACKGROUND OF THE STUDY Even since the inception of the first three successful indigenous banks in Nigeria, the National Bank of Nigeria established on February 11th 1933, the Agbommagbe Bank (now wema Bank Nig Plc) in 1945, The African continental Bank Plc in 1947 and others subsequently established in the country  during the period from  1952 when the first banking ordinance was enacted to regulate  and control the activities of commercial ...

ABSTRACT  This project/term paper is designed to critically analyse the fraud on bank failure and its role in Nigeria financial Institutions with reference to the banking system.  Fraud in both private and public sector of Nigeria economy is an age long phenomenon  that has for a long time being threatening the growth and development of the Nigeria Nation State. It has defiled the very professional expertise know-how due to its continuous ...

ABSTRACT This project work investigates the role of auditors in the detection and prevention of fraud in some selected business organization. In carrying out this research work, textbooks were consulted for related literature as well as questionnaires and oral interview for collecting data. All essential departments relevant to the study were properly enlightened and the examinations of an auditor in areas of ramification were thoroughly dealt with. The study revealed ...

CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF STUDY Nigeria is one of the African nations that are plagued with fraud and financial crimes and these have had an effect on the economy of Nigeria. These crimes, be it economic or financial crimes or both have a kind of devastating effect on the economy, the security, socio-economic development and social wellbeing of the citizens of Nigeria. Although it may be pertinent ...