ABSTRACT
This work is designed to examine the assessment of the role of the mass media
in anti-corruption campaign. It is organized into five very instructive
chapters.
Chapter one deals with the background, statement of the problems, research
questions and hypotheses, assumptions and limitation of the study among other
things. Chapter two is devoted to the review of relevant materials in the area
of study. Chapter three contains the methodology while chapter four
concentrated on data analysis and the results of the findings. Also chapter
five gives a brief summary of the work.
Through these chapters, the objectives of the study was in that the researcher
not only found that the mass media are indispensable but they are also powerful
in their influence.
PROPOSAL
This research was done
to bring to light various frauds in Nigeria banking system, having analyzed the
rate and incidence of fraud, causes, forms and solutions. However, this
research discussed frauds in chapter as follow
Chapter one: Highlights
on the objectives, importance of the study of the causes of frauds, analysis
and solution of frauds, the statement of problem, hypothesis formations and
definition of frauds.
Chapter two: Deals on
the review of literature on frauds in Nigeria banks and foreign banking system,
causes of frauds the effect and preventive measures.
Chapter three: Reveals
the study area as regard to frauds in Nigeria banks, this was done by employing
some sampling methods in the investigation in achieve the aim.
Chapter four: This gives
the overall view of the presentation of data and all the analysis involved
using interview and questionnaire method.
Chapter five: Discussed the
summary, findings recommendation and conclusion
TABLE OF CONTENT
CHAPTER ONE
1.1 INTRODUCTION
1.2 Objective of the
study
1.3 Significance of the
study
1.4 Statement of study
1.5 Hypothesis
formulation
1.6 Scope and limitations
of the study
1.7 Definition of terms
CHAPTER TWO
2.1 Review of related
literature
2.2 Causes of frauds
2.3 Forms of
frauds
2.3.1 Internal fraud
2.3.2 External fraud
2.3.3 Combined fraud
2.4 Types of frauds
2.5 Effects of frauds in
banking industry
2.6 The legal framework
and fraudulent practice
2.7 Approach to the
minimization of suggestions for the prevention of fraud.
CHAPTER THREE
Research Design and
Methodology
3.1 Study area
3.2 Sampling Method
3.3 Sources of Data
3.3.1 Primary sources
3.3.2 Secondary Data
3.3.3 Data treatment
techniques.
CHAPTER FOUR
Presentation of Data and
Analysis
4.1 Presentation of Data
4.2 Analysis of Data
4.3 Interpretation of
Results
CHAPTER FIVE
Summary of findings,
Recommendations and Conclusion
5.1 Discussion of
Findings
5.2 Conclusion
5.3 Recommendation
Bibliography
Appendix
CHAPTER ONE
1.1
INTRODUCTION
The commercial world today has been devastated by random breaches of business
ethics. This has resulted to rampant occurrence of white collar crimes
committed mostly by top and highly educated professional personnel, these
crimes are sometimes euphemistically dubbed, executive dishonesty crimes like
improper waiver of interest on loans, fraudulent false accounting,
falsification, computer fraud, dishonesty, classification of debts as bad debt
or irrecoverable, non-disclosure of vital interest by executive, and other
financial malpractices, fall into this category.
Furthermore, the government has responded by churning out laws with constant
regularity in a bid to meet the challenges posed by these problems. One of such
problems is the incidence of fraud in financial institutions especially Nigeria
banks. This has attracted at least three major legislation in the past few
years. All these relevant enactments will be examined in this project.
It is a notorious fact that frauds are mostly masterminded by insiders, at
times in concert with outsiders. They are mostly discovered by tip offs from
other staff who feel left out or by accident. Rarely do normal official checks
reveal such earth shattering fraudulent scams that are big concern of the
financial world.
Moreso, there is need to arrive at an acceptable constitution for the word
“fraud” and to deepen our understanding by paying some respect to the statutory
construction of financial institution like Nigeria banks.
Having dealt with the general situation of things ion our banking industries,
the research work is therefore aimed at pointing out the major causes of fraud
in Nigeria banks etc. effects on the Nigeria economy commercial world,
individuals especially the depositors (customers of the banks) after the
research must have been carried out the above, the researcher then recommended
the measures to be taken in order to prevent and minimize the incidence of
fraud in Nigeria banks. It should be noted that no bank, big or small is
immune from fraudulent particles. However, bankers should have it as the
back of their minds that dignity and hard work are not the only thing required
but integrity is also required.
1.2
OBJECTIVE OF THE STUDY
The objective of this study is to enable us know that for any financial
institution like bank to be on the move in respect of growth ion the economy,
there is need to work out possible solutions that can put a stop to fraudulent
practices or bring it to a minimal level
In a nutshell, this project is designed for the following.
1. To determine the rate and the extent of fraud in
the banking industry in Nigeria.
2. To bring to light some of the ceases of fraud in
our banking sectors.
3. To highlight on the dangers/menace of fraud in
Nigeria banks
4. To discover the likely procedure that will
enable us determine fraudulent practices nad possible ways of tackling them.
5. To examine critically the management and
government measures as regards to the possible checking of fraud and preventive
measures.
6. To render some recommendations and suggest
possible solutions on the best way fraud could be brought to a minimal.
1.3
SIGNIFICANCE OF THE STUDY
The study enhances various examinations of the techniques usually employed by
the fraudsters. It is structured for all classes who may want to invest in
banking industry especially in Nigeria. Bad performance and incompetent
discharge of duty as a result of this category’s activities (who are employed
by the management) when properly examined will be a contributory to the growth
in banking industry. When all measures are strictly adhered to it would go a
long ways in bringing fraud to a minimal.
The research work is to enable all and sundry such as: the shareholders, the
insurance companies and the management to benefit, the customers so as to
rebuild and reverse the already lost confidence of the public and the parties
involved in the banking industry. This will enhance rapid growth in the banking
industry which will enhance rapid growth in the banking industry which will
in-turn enhance the development of this nation Nigeria
1.4
STATEMENT OF THE STUDY
The banking industry seems to be s focal point of fraudsters. It is s notorious
fact that frauds are master minded by the banker, at time in concert with
outsiders. It is incredible that bankers whose watch word should be
“Transparent honesty” have turned to become looters and by so doing, creating
fear in the minds of the public.
Newspaper pages are jain-picked with reports ob fraud cases in banking
industry, however, most computer frauds cases like other frauds are not usually
reported by banks and this may be due to the embarrassment it would cause the
institution, the loss of public confidence as well as the difficult of
prosecution of such cases.
It is estimates that not less than average amount of one million naira per
working day of the financial year is made away by fraudsters. The amount lost
is quite a set back to our economy. The management of these respective banks
have taken cognizance of these fraud issues yet they have not worked out a
permanent solutions to this problems.
It is so painful that we do not really know who is trust in the banking
industry since they have failed many depositors, shareholders and a lot of
non-bankers have been discouraged from banking their money because of the fear
that the bank may collapse at any time. They prefer keeping their idle cash
with them instead of banking with people dubious characters.
In other words, frauds frustrate the banking habit of the society. Fraud leads
to stunted growth of banking industries due to great losses involved it could
also hinder commercial growth fraud deteriorates any nation economy development
1.5
HYPOTHESIS FORMULATION
Hypothesis is a stated
assumption made about a population which must be tested and proved. Hypothesis
could be classified into two major types namely.
(H1)
EXPLANATIONS
Null hypothesis (Ho) signifies no difference or no relationship
exist between two or more alternatives variable in other words, it is a
hypothesis of “no effect” no difference”
Alternative/positive hypothesis (H1) is the proposition that may be
accepted if the stoical null hypothesis is rejected by the sample evidence.
Let
Ho – Null Hypothesis
Hi – Alternative hypothesis.
1. Ho: Internal and external control system do not
reduce fraudulent practice to the minimal in Nigeria banks.
Hi: Internal and external control system reduces
fraudulent practices to minimal in Nigeria banks
2. Ho: Legal control of frauds in Nigeria financial
institution especially commercial banks has no relationship with the
minimization of fraudulent practices.
Hi: Legal control of frauds in Nigeria financial
institution especially commercial banks has relationship with the minimization
of fraudulent practices.
3. Ho: The introduction of information technology
has no great impact on banking industry in respect of services and frauds.
Hi: The introduction of information technology
has great impact on banking industry in respect of services and frauds.
d
Ho: Nigeria deposit insurance Decree of 1988 (NDIC) has no power to make
regulations guiding specific items with respect to the day to day management of
the regulated institutions like the commercial banks.
Hi: Nigeria deposit insurance Decree of 1988 (NDIC) has power to make
regulations guiding specific items with regulation to the day to day management
of the regulated institutions like the commercial banks.
1.7
DEFINITION OF TERMS
In explaining fraud as an element of some other officers, the criminal code
ascribes it as a situation correlation with deceit. But a workable definition
can be traced to the Osborne’s concise law Dictionary (6th edition).
Thus fraud can be seen as the obtaining of material advantage by unfair or
wrong means. This may be either by way of abuse of entrusted reasonability by
convert of overt deceit. In a liberal sense fraud may be used as an
umbrella term to cover almost all classes of white collar crimes known to law
and business.
Fraud can also be defined as one type of irregularity. It is usually reflect to
irregularities involving the use of criminal deception to obtain unjust or
illegal advantages (by Okorie Onovo, ACAS, understanding Auditing and
Investigation.)
Fraud can also said to be conscious premeditated action of a gang of persons
with the intention of altering the truth or fact for selfish personal monetary
reward. This involves the use of deceit and tricks and sometime highly
intelligent or cunning methods. This action usually takes the form of signing
of documents and authorizing signature outright theft. (by Adeewumi 1986)
There are so many definitions of fraud but the researcher decided to present
just three definitions. All definitions seemed to be correct but the former
that of that of Osborne’s concise law Dictionary (6th Edition|)
contains elements of frauds appropriately and adequately for the purpose of
this research work.
These tow impact element are
That for a fraud to take place, there must be obtaining of material advantage
wrongly
There must be abuse of entrusted responsibility or convert of overt deceit that
means that in this case a party is exposed to losses while the other part gains
It will be of great importance to briefly mention on the occurrence of fraud to
answer the question WHEN DOES FRAUD ARISE?
Fraud arises when a person in a position of trust and responsibility breaks the
rule and regulations to advance his personal interest at expense of the public
interest he has been entrusted to guard and promote. It also arises when a
person through deceit trick or highly intelligent curing gains an advantage he
could not otherwise have gained through lawful, just or normal process.
Fraud is a mater of individual choice and opportunity. As human beings the
individual takes the advantage if there is opportunity and possible means of
getting away with it.
Department | Banking and Finance |
Project ID Code | BFN0152 |
Chapters | 5 Chapters |
No of Pages | 85 pages |
Reference | YES |
Format | Microsoft Word |
Price | ₦4000, $15 |
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Contact Us On | +2347043069458 |