ATTENTION:
BEFORE YOU READ THE CHAPTER ONE/ABSTRACT OF THE PROJECT TOPIC
BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL
PROJECT COSTS N5,000 ONLY.
THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT
IS AT THE BOTTOM OF THIS PAGE. OR YOU CAN CALL: 08068231953, 08168759420
A SURVEY OF FRAUD IN
NIGERIA BANKING INDUSTRY
TABLE OF CONTENTS
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF
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 Nigeria was establishment in
1933, the Agbomgba bank (now Wema Bank) was established in 1945 and the African
Continental Bank was established in the year 1947.
Prior to
1952, there was no banking regulation to monitor the activities/operations of
the Commercial Banks in the country as a result of this there was lapses in the
banking system. For instance, some banks
got license for operation but did not open one day for business. Some opened, collected money from their
customer and vanished or wound up, due to these fraudulent acts, the first
banking Act was enacted in 1952 and subsequently in 1959, the Central Bank Act
was enacted to monitor the activities/operations of Commercial Banks in the
country with the view to reducing bank fraud.
But it rather seemed to stimulate the occurrence of fraud in those Bank
because for the decade fraudulent practices have been on the increase and this
call for a review or critical evaluation of some at the “Act”, we now hear of
cases of bank, been distressed, “Advanced free fraud” “419” and so many other
fraudulent practices all in our banking industry.
In writing
this protect, the area/state chosen for the study is Enugu and the bank of
interest is Orient Bank Plc.
1.2
STATEMENT OF PROBLEM
Fraud is now a household word in Nigeria, because hardly can
a day pass by in Nigeria without a reported case of fraud in
our industries, especially the banking sector.
This has brought a lot of worries to prominent investors, the government
and other interested parties we now live in an era of distrust amongst banks
and their customers. The Business Times
of January 23 1995 had it that “the rising incidence of bank fraud has created
a lot of distrust between banks and their customers”.
More also, there was a report in the Daily
Champion of January 29 1995, that a bid to defraud a bank of N1,000,000
failed. We also heard what happened in
Orient Bank Plc., Enugu late 1992 – in fact the report seems endless and we
cannot maintain all.
As a result
of this issue of fraud day-in and day-out, the management of various banks are
trying everyday to devise means of putting an end to bank fraud, while also
some fraudulent staff are reinforcing themselves towards improving their techniques
to defraud banks.
If this
unfortunate phenomenon is left unchecked the banking industry will be in mess
and a shadow of it selves in the near future, it will have adverse effect on
the general economy since most business can not be effected without the bank
acting as a mediator.
1.3
OBJECTIVES OF THE STUDY
The purpose of this research is among other things:
a. to
determine if there are fraud in Nigeria banking industry
b. To
find out and discuss forms of fraud in Nigeria Banking Industry
c. To
find out the causes of fraud in Nigeria Banking Industry.
d. To
have a look at the effects of fraud on the Nigeria Banking Industry in
particular and the general public at large.
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you
will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5,000) into our bank Account
below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) after we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
AFFILIATE LINKS:
myeasyproject.com.ng
easyprojectmaterials.com
easyprojectmaterials.net.ng
easyprojectsmaterials.net.ng
easyprojectsmaterial.net.ng
easyprojectmaterial.net.ng
projectmaterials.com.ng
googleprojectsng.blogspot.com
myprojectsng.blogspot.com.ng
https://projectmaterialsng.blogspot.com.ng/
Comments
Post a Comment