FRAUDS AND MALPRACTICES IN THE BANKING INDUSTRY.
FRAUDS AND MALPRACTICES IN THE BANKING INDUSTRY.
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Date
1999
Authors
AMINU, ABDULLAHI
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Abstract
vi
ABSTRACT
This project was aimed at identifying the common forms of Frauds and
Malpractices in the banking industry, their frequency, causes and the
existing preventive measures in operation. The analyses of primary and
secondary data led to the conclusion that Frauds and Malpractices were
complex phenomena which vary in nature, character and methodology. The
findings of this study revealed that majority of the Frauds-stars were banks
staff, mostly cashiers and clerks, working in collusion with customers and
non-customers.
Inadequate supervision, control and staffing were ranked as the most
significant causes of Fraudss and Malpractices. Regular balancing of
accounts periodical inspection, rotation of Job staff, proper training of bank
staff, were ranked high as the most effective preventive measures against
Fraudss and Malpractices perpetration.
The findings of the research work provided the basis for our
recommendations which include: the banks should ensure regular balancing
of their accounts; and periodical inspection of branches should also be
carried out regularly.
Finally, considering the nature, causes and methods employed to defrauds
banks and customers which vary with time, it is suggested that further
research on Frauds and Malpractices be carried out every two to three years
to keep tract of the development in the field.
Description
DEPARTMENT OF BUSINESS ADMINISTRATION
FACULTY OF ADMINISTRATION
AHMADU BELLO UNIVERSITY
ZARIA, KADUNA STATE - NIGERIA.
Keywords
FRAUDS,, MALPRACTICES,, BANKING,, INDUSTRY,, STUDY,, SELECTED,, COMMERCIAL,, BANKS.