Minimization Of Bank Fraud In Nigeria

Minimization Of Bank Fraud In Nigeria

Abstract

In summary the end of educating this exploration is to probe into the minimization of the intimidating rate of bank trip in Nigeria identify the goods and suggest possible result towards achieving trip free banking in Nigeria according the cuts which constitute fraud are indefatigable but prominent among them is phony . Generally workers all have eventuality for fraudulent practices. still untrained staff and those bank staff who now enthrall position through experience have a taradiddle share with any know bank fraud the major causes of fraud is frustration.

Chapter One

Preface

Background Of The Study

The significance of effective bank fraud in Nigeria is when fraud occurs there are always illegal and dishonest advantages grounded on the conception of one man’s loss is another man’s gain bank fraud has adverse effect on the bank losses valued guests and implicit one’s share holder and other creditor.

The entire government as well as the frugality entered shock in any successful bank fraud.

piecemeal form fraud can affect to bank other bank investment can be used to mean a deposit with a fiscal institution or the purchases of a security or illustration on investment in a central bank in a trustee saving bank treasuring instrument or on the stock exchange thus fraud can brought. torture to the below investment in Nigeria banking system.

One of the major short incoming of banking system in this country is the absence of public relation station forwards guests this failing is a product of a inadequately structured reclamation and training policy of our bank.

maybe this is one of the critical area good of understanding and operation it fight against fraud would crop feasibility in fact the average Nigeria client is ignorant andsemi-illiterate in handling banking sale this apparent is all section of a client whose cheque is returned with the necrology “ hand irregular ” good reflected and academically quality bank and there client professionally sound banking particular well help to minimize fraud in Nigeria banking system there by increase guests and public confidence in the banking assiduity the average periodic disbursement of bank staff isn’t emotional therefore a lot need to be alone to mark the minimization of bank fraud in Nigerians so that bank can meet up with the anticipated performance.