THE ECONOMIC IMPLICATION OF FRAUD IN NIGERIA

  • EDWIN ANYIM
Keywords: Corruption, Bribe, Crime, Fraud, Infrastructure

Abstract

ABSTRACT

This research examined frauds in the banking industries in Nigeria. The essence of these is that if these frauds are not detected and worked upon, it may lead to banks not performing well. This issue is important at this stage because the world is going cashless and ATM is one of the main tools for cashless banking. Questionnaire and oral interview were used for the study. The study also concludes that since the issue of fraud cannot be wiped out completely, it can as well be minimized to as low as reasonably practicable by ensuring that the proper thing is done at all time.

Downloads

Download data is not yet available.

References

Reference
[1]. Abudlrasheed, S, Babaetu, D.J and Yinusa, G (2012). Fraud and its
implications for bank performance in Nigeria. International Journal of Asia Social Science.
[2] Adepoju, A, and Alhassa G. (2010). Challenges of automated teller machine (ATM) usage and fraud occurrence in Nigeria. A case study of selected bans in mina metropolis. Journal of internet banking and commerce (JIBC 1592).
[3] Adewumi W, (2007). Fraud in banks, Nigeria institute of bankers. Land marks publication Lagos.
[4] Akindele R.I (2011). Fraud as a negative catalyst in the Nigeria baking.Industry Journal of Emerging trends in economics and management science (JETEMS): Beson and Edward fraud protection series (Volumes 1-11) B and E publishers Lagos.
[5] Idowu A. (2009). An assessment of fraud and its management in Nigeria commercial banks. European journal of social science 10 (4) 62 – 640)
[6] Kanu S. I and Okoroafor, E.O (2013). The Nature, Extent and Economic impact of fraud on bank deposit in Nigeria. Interdisciplinary journal of contemporary research in business, 4(9) 253 – 264
[7] Nweze C. (2008). Quality and international control challenges in contemporary Nigeria banking. Zenith economic quarterly, zenith bank plc. 3(2) 23 – 28
[8] Onuorah S, and Ebimobwel, D (2012) .Fraudulent activities and forensic accounting services of banks in Port Harcourt, Nigeria. Asia Journal of Business Management, 4 (2)
[9] Otusanya J.O (2009). An investigation of corporate Executive fraud by CEOs in the Nigeria banking industry. A seminar paper presented at the department of accounting faculty of business administration, university of Lagos.
Published
2018-12-02
How to Cite
ANYIM, E. (2018). THE ECONOMIC IMPLICATION OF FRAUD IN NIGERIA. International Journal of Applied Management Science, 1(11), 01-04. Retrieved from http://gphjournal.org/index.php/ams/article/view/122