Evaluation Of Fraud Control Measures In The Nigerian Banking Sector (a Case Study Of Central Bank Of Nigeria, Kaduna Branch)

The purpose of this topic evaluation of fraud control measures in Nigerian banking sector [a case study of central bank of Nigeria, Kaduna branch] is to aimed at finding practical means of eliminating, reducing the incidence of fraud in our banking industries and researcher used both primary and secondary source. Questionnaire and order interview were administered on a population of 350 person made up of both staff of central bank and management, the findings derives from respondents indicate that poor internet system not greed is the main cause of fraud in the Nigerian banking and recommendation and solution of fraud is a means of segregation of duties, were officer that past entry should not be responsible for checking with compulsory annual holiday for all member of the staffs and organization procedure, development of a good organization structure and career opportunity for staff so as to have dedicated loyal staff and contented with force and good training programme is important for staff at all levels.

Title page

Approval Page

Dedication

Acknowledgement

Abstract

Table of contents

CHAPTER ONE

1.0 Introduction 

1.1 Background of the study 

1.2 Statement of the problem 

1.3 Objective of the study 

1.4 Research Question 

1.5 Hypothesis of the study 

1.6 Significance of the study 

1.7 Scope and limitation of the study 

1.8 Definition Of  Term 

CHAPTER TWO

2.0 Review of Related Literature 

2.1 Introduction 

2.2 Definition, concept and Theories of fraud 

2.3 Mechanism of fraud 

2.4 Causes of fraud 

2.5 Effect of fraud 

2.6 Measures of controlling fraud 

CHAPTER THREE

3.0 Research Methodology 

3.1 Introduction 

3.2 Research Design 

3.3 Population Of The Study 

3.4 Sampling Design and Techniques 

3.5 Source of Data Collection 

3.6 Instrument of Data collection 

3.7 Justification For the choice. 

CHAPTER FOUR

4.0 Data Preset and Analysis 

4.1 Introduction 

4.2 Presentation Of Data Analysis 

4.3 Test Of Hypothesis 

4.4 Research Findings 

4.5 Summary 

CHAPTER FIVE

5.0 Summary, conclusion and Recommendation 

5.1 Summary of finding 

5.2 Conclusion 

5.3 Recommendation 

Fraud is an intentional deception made for personal gain or to damage another individual. Fraud is a crime and a civil law violation. Defrauding people of money is presumably the most common type of fraud.

Customers of banks are currently experiencing increase in fraud schemes. Scams to get a customer personal information can occur through many different means such as e-mail and telephone. Bank fraud is the use of fraudulent means to obtain money, assets, or other property owned or held by a financial institution. In many instances, bank fraud is a criminal offence, while the specific element of a particular banking fraud law varies between jurisdictions; the term bank fraud applies to actions that employ a scheme as opposed to bank robbery or theft.

Controlling bank fraud in the financial sector is a major task for all the stake holders in the sector. Every year, banks lose billions of naira to fraud which comes in all size and shapes both from external perpetrators and internal employees.

In its broadest terms, fraud means obtaining of something of value through deception. If fraud were described as an industry it would clearly be one of the fastest growing areas of the economy. One hundred criminals who serve several periods of imprisonment for armed robbery offence were recently reported that he wished he had understood earlier in his criminal career how easy it was to commit fraud. He now considers that fraud involves less traumas, the reward, are far greater and the penalties substantially fewer than in other form of crime. This study will address those forms of fraud that target the financial service sector and how the industry has responded with some measure successful in controlling this ever increasing problems and other measure that can be geared towards achieving further results.