ABSTRACT
Causes of Frauds and forgeries in banks have not only become incessant but have also been on in increase in recent years. Although frauds and forgeries in banks are global phenomena which have consistence growth according to Nigeria deposit Insurance Corporation (NDIC) Annual report for instance it recorded or show caseN360.2 millions in 2008 to N351.9 millions in 2007. The amount involved in fraud in commercial banks N6million in 2009.
Frauds in banks is clearly unacceptable situation drastic ought to be done to gently stem the tide in view of its image implications for the banking industry and the adverse effects it will have on the economy the study emerges in response to this development. In carrying out this research work, questionnaires were distributed to the respondent for their reactions;egually oral interview were also carried out and some text written by eminent scholars were consulted. The researcher believed all these would give enough information for a sound report. This study therefore seeks to identify the causes and effect of fraud and the following findings were made.
1.No adequate internal control system in the banking industry
2.Non-periodic review of work by bank management gives loophole and the tendency to commit fraud.
3.The law enforcement agencies of the country fail to deal with the fraudsters apprehended.
Table of content
Title page --------i
Approval page--------ii
Dedication --------iii
Acknowledgement-------iv
Abstract ---------v
Table of content -------vi
CHAPTER ONE
1.0Introduction -------1
1.1Statement of problem -----2
1.2Objective of the study -----3
1.3Research question ------3
1.4Hypothesis -------4
1.5Scope of the study ------4
1.6significant of the study -----5
1.7Limitation of the study -----6
CHAPTER TWO
2.0Review of related literature ----8
CHAPTER THREE
Research design and Methodology----35
3.1Research design ------35
3.2Area of study -------35
3.3Population of study ------36
3.4Sources of data ------36
3.5Sampling method ------37
3.6Research instrument -----37
3.7Method of investigation -----38
CHAPTER FOUR
4.0Date analysis interpretation of result --42
4.1Analysis of operational questions ---42
CHAPTER FIVE
5.0Summary of findings recommendation/Conclusion 51
5.1Findings --------51
5.2Recommendation ------53
5.3Conclusion -------55
Bibliography --------58
Questionnaire -------- 59