CRITICAL ANALYSIS OF FRAUD IN NIGERIAN FINANCIAL INSTITUTION
CHAPTER ONE
Introduction
1.1 Statement Of Problem
Initially, fraud (ie deliberate effort to obtain financial advantage of a person unlawfully) was become the problematic term inhibiting the proper functioning or operation of bank. As scrutinized experience bank inspectors and auditors that totally implication or hazard impact of fraud in Nigeria economy is reduction on economic growth and development (Okechukwu 2004).
Furthermore, it had caused unimaginable distress to banks in Nigeria, especially to the new generation banks. This goes long way to affect bank performance negatively.
However, the critical implication of fraud on Nigerian banks which the researcher will investigate on, are its bad effects to these three concepts, liquidity sufficiency , profitability customer and banks relationship.
1.2 RATIONALE OF STUDY:
Financial distress is easily noticeable in the Nigerian institution, Amels (1993) was defined financial distress as “a condition when the banking system as a whole has negative capital and current profit are insufficient to cover losses to such an extent that the banking system’s unable to general internally positive capital”.
It has negative impact to the bank capital and its current profits are inadequate to cover losses as well as general positive capital. (profitability' reason), subsequently, the bank will be technically insolvent (liquidity reason). However, many operators, watchers financial institution know that all is not well with a number of the operating institutions (customers / bank reason). It needs nobody to be convinced that the system is not very confortable and that some of its members are distressed and technically insolvent, while some of the others are unsound. This negative performance discourage the depositors and investors to make more deposit or inflow.
Lastly, this motivate the researcher to see these three determinant core as a crucial concept to study.
1.3 Significance Of Study:
The concept will help the following fields or sectors in Nigeria.
(a) Bank:
Firstly, to maintain their liquidity level in the banks to be able to meet the depositor demand.
(b) Customer:
It maintain customers and public confidence and trust have to the bank, due to sound liquidity management and in the other hands, in service, relation e.t.c.
(c) Banking policy / rule:
Where this three concept are effectively manager, it will enable the banks to meet up C.B.N requirement. Such as especial deposit, legal required ratio e.t.c.
(d) Nigeria Economy:
It will boost up Nigeria economy, due to the profits made by Nigeria bank and investment of the customer in the bank. Such as being a shareholder, but seeing first the profitability and liquidity level of such bank.
1.4 Definition Of The Terms
1. Liquidity Sufficiency
This measure the ability of a bank to meet its short term obligations as when they are due for payment. For example meeting customer demand.
2. Profitability Capacity:
This concept measure the level of income which the banks earns from its operations. The profitability position is an made of measuring the performance of the banks. Banks are such to be maintain my adequate profitability position when their earning is high.
3. Customer And Banks Relationship:
There are two terms near, customer and banks. Customer to bank is person or persons, society, from or company who termed to be customer of a bank by making offer to become a customer which the bank duly accepts.
Bank is defined as any person or corporation which are authorize to accept deposit from individual and licensed to act as financial institution by federal government to render the following service.
- Acceptance of deposit from customer
- Making payment locally or outside Nigeria
- Granting loans and advance to customers
- Securities trading
- Clearing of cheque and similar instruments for customers.
However, customer and banks relationship is where banks perform their basic obligation owned to customers which includes payment of deposit on demand, standing order activity, issuing of on his (customer) behaves etc while customer performs his own duty such as securing of the cheque book sufficient funds to the account for purpose of standing other etc.
Fraud can be defined “in its lexical meaning, as an act or course of deception deliberately practiced to again unlawful or unfair advantage, deception directed to the detriment of another” (F.I.T.C).
CHAPTER TWO
2.0 Literature Review
2.1 Introduction
The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …
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TABLE OF CONTENTSPRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
- 2.5 Research Gaps
- 2.6 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "Critical Analysis of Fraud in Nigerian Financial Institution" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
PRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
- 2.5 Research Gaps
- 2.6 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "Critical Analysis of Fraud in Nigerian Financial Institution" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
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