The Detection And Prevention Of Financial Fraud In Banks (PDF/DOC)

Abstract

Banks deal essentially in cash financial instruments and other documents which are generally of a negotiable and easily transferable in nature. Hence it is very pertinent to say that the exposure of the banks to both internal and external fraud is very great. This practices is very common to areas involving cash, cheques and fund transfer operations.
Much research and thought are increasingly being directed towards the study of the causes of fraud in banks because of its effect on banking and the entire economy.
Recent study carried out by financial Institute training centre, Lagos showed that cause of fraud reported annually between 1989 and 1998 was about 500 and the annual average money involved in attempted fraud was thirty –six million naira while the annual average amount lost to banks and customers was sixteen million naira. It may not be said to be said to be an over statement that these figures may have risen geometrically upward afterwards when about seventy eight percent of our banking operation are going to the rural areas where poor Institutional and infrastructural factors militate against efficient and effective checks on the branches in these rural areas.
Another problem facing our nations banking system is that of long queues. Frustration, delays and disappointment being experienced in the banking halls by customer whole either paying in or withdrawing their hard earned money.

Chapter One

INTRODUCTION 1.1 BACKGROUND OF STUDY There has been no single accepted definition to the term “fraud”. Fraud in whatever forms is limitless on classification. This is why courts andBanks deal essentially in cash financial instruments and other documents which are generally of a negotiable and easily transferable in nature. Hence it is very pertinent to say that the exposure of the banks to both internal and external fraud is very great. This practices is very common to areas involving cash, cheques and fund transfer operations.
Much research and thought are increasingly being directed towards the study of the causes of fraud in banks because of its effect on banking and the entire economy.
Recent study carried out by financial Institute training centre, Lagos showed that cause of fraud reported annually between 1989 and 1998 was about 500 and the annual average money involved in attempted fraud was thirty –six million naira while the annual average amount lost to banks and customers was sixteen million naira. It may not be said to be said to be an over statement that these figures may have risen geometrically upward afterwards when about seventy eight percent of our banking operation are going to the rural areas where poor Institutional and infrastructural factors militate against efficient and effective checks on the branches in these rural areas.
Another problem facing our nations banking system is that of long queues. Frustration, delays and disappointment being experienced in the banking halls by customer whole either paying in or withdrawing their hard earned money

Chapter Two

2.0 LITERATURE REVIEW
2.1 Introduction
The chapter presents a review of related literature that supports the current research on the Detection And Prevention Of Financial Fraud In Banks, systematically identifying documents with relevant analyzed information to help the researcher understand existing knowledge, identify gaps, and outline research strategies, procedures, instruments, and their outcomes…

Table of Contents

Title Page
Approval Page
Certification
Dedication
Acknowledgement
Abstract
Table of Content

CHAPTER ONE
1.0 Introduction 1
1.1 Background of the Study 1
1.2 Statement of the Problem 3
1.3 Purpose of Objective of the Study 5
1.4 Significance of the Study 6
1.5 Limitation of the Study 7
References 8

CHAPTER TWO
Review of Related Literature

CHAPTER THREE 3.0
Research Design and Methodology 3.1 Source of Data (Secondary Sources Only) 3.2 Location of Data 3.3 Method of Data Collection (Literature work only)

CHAPTER FOUR
Findings

CHAPTER FIVE
Recommendation and Conclusion

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