AN ANALYSIS OF THE IMPACT OF INFORMATION TECHNOLOGY ON FRAUD IN NIGERIAN BANKS: A CASE STUDY OF BROAD BANK OF NIGERIA LIMTED
AN ANALYSIS OF THE IMPACT OF INFORMATION TECHNOLOGY ON FRAUD IN NIGERIAN BANKS: A CASE STUDY OF BROAD BANK OF NIGERIA LIMTED
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Date
2005-11
Authors
ALIYU, Aishatu Doma
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Abstract
In recent times, financial institutions rely heavily on automated systems and
electronic funds transfer network for majority of their business operations.
Information technology has significantly ensured that businesses are
coordinated more efficiently.
Nigerian organizations have not been left behind as a major number of
organizations are increasingly adopting modern information technology
systems.
The primary aim of conducting this study was to find out how the advent of
information technology has impacted on operational processes in financial
institutions. The research gears towards finding the extent to which
information technology affects the occurrence of fraudulent practices in
Nigerian banks.
Both primary and secondary data was used in this research work. The
primary data was based on interaction between the researcher in an oral
inter view with some employees of Broad Bank of Nigeria Ltd., while the
secondary data was secured from journals, newspaper, magazines, the
internet, textbooks and Broad bank data base.
The results of the study indicate that:
. Information Technology has improved performance in customer
service delivery by banks.
. That computer fraud can be managed to the barest minimum.
. That the advent of modern information technology has reduced the
occurrence of fraud in banks.
In the light of the aforementioned, the following recommendations were
made:
. Banks should ensure adequate physical security to prevent
accidental or intentional damage to the computer system and
related equipment.
. Ensure adequate techniques for maintaining transaction controls.
3. Tight security of software and data files to ensure programs is not
tampered with.
. Security communication networks to prevent unauthorized
interception or alteration of electronic data.
. To ensure that all possible measures are put in place such that the
authorized users of the information technology system are
individuals with integrity.
Description
BEING A PROJECT SUBMITTED TO THE POSTGRADUATE SCHOOL
OF AHMADU BELLO UNIVERSITY, ZARIA IN PARTIAL FULFILLMENT
OF THE REQUIREMENT FOR AWARD OF THE DEGREE OF MASTER
OF BUSINESS ADMINISTRATION (MBA)
DEPARTMENT OF BUSINESS ADMINISTRATION
FACULTY OF ADMINISTRATION
AHMADU BELLO UNIVERSITY
November, 2005
Keywords
ANALYSIS,, IMPACT,, INFORMATION,, TECHNOLOGY,, FRAUD,, NIGERIAN BANKS,, CASE STUDY,, BROAD BANK,, NIGERIA LIMTED