The Project File Details

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Title page




Table of Content


1.0    Introduction

1.1    Statement of the problem

1.2    Objectives of the study

1.3    Research hypothesis

1.4    Significance of the study

1.5    Limitation of the study

1.6    Definition of terms

1.7    Plan of the study


2.0    Literature review

2.1    Definition of fraud and internal control system

2.2    Types of fraud and ways of defrauding banks

2.3    Causes of bank fraud

2.4    Dimension of fraud

2.5    Effect of fraud in Access Bank

2.6    Measure at fraud detection

2.7    Factors influencing the existence of fraud in Access Bank

2.8    Managements responsibilities to wards fraud prevention and detection

2.9    Extent of fraud in Access Bank

2.10  Fraud detection prevention and control


3.0    Research methodology

3.1    Sources of data

3.2    Method of data collection

3.3    Method of data analysis

3.4    Limitations of methodology


4.0    Data presentation, data analysis and interpretation of results

4.1    Data presentation

4.2    Data analysis

4.3    Interpretation of results


5.0    Summary, conclusion and recommendations

5.1    Summary

5.2    Conclusion

5.3    Recommendations




Banking was introduced into Nigeria by the colonial master in the 19th century by Elder Dampels Company after the failure at the bank system.

Between 1959 and 1993 many banks were established some operated while some collapsed because there were no specific laws, regulation the practice of banking. It was a “laisez fair” era dominated by the rules at thumb.

The first indigenous legislation enacted to regulated bank business is the banking ordinance 1952 which introduce the principle at bank licensing based on the fulfillment at certain condition such as meeting the minimum capital and other specified requirement.

The level of fraud in the present day Nigeria has assumed an epidemic dimension. It has eaten deep into every aspect of our life to the extent that a three year old child talk about yahoo mail or 419 (advance free fraud), newly discovered sobriquet for advance free fraud that is hunting us as a nation. Nigeria which all of its natural and human resources tether on the brink of destruction because of fraud much of what we do is “cutting leaves” instead of dealing with the root problem.

Generally, fraud takes its roots from the human heart. It is anoxia that the heart is deceitful adores all things and is desperately wicked fraud is the number one enemy of the business world, no company is commune to it and it’s in all work of life.

No area of the economy is immune from fraud, if nation checked might cause run on the banking sector.



Some of the various research questions which this project attempts to derive an answer include:

  • What can be said to the causes of the increasing rate of fraud in banks?
  • What is the effect or damages fraud has caused banks her customers?
  • What is the impact of internal control in the prevention and detection of fraud in banks?
  • What are the classifications of fraud in banks?
  • What are the types of banks common fraudulent practice?
  • What are the factors influencing the existence of fraud in banks?



The primary objective of this research is to find practical means of minimizing the incidence of fraud in banks. To achieve this objective the following secondary objective review existing literature collects and collates information on fraud in banks.

  • To identify various types of fraud perpetrated in banks.
  • To identify the various means employed defrauding in bank
  • To review existing literature, collect and collate information fraud in banks.
  • To determine the effect of fraud on the business of banking
  • To determine the magnitude and frequency of fraud in the banks.
  • To recommend measures for reducing the identify mean through which the recommended measure can effectively be implemented.


Hypothesis tested: two hypotheses are formulated and tested in this study.

Ho: The lack of a good internal control in snot a major cause of fraud in banks.

Hi: The lack of a good internal control is a major cause of fraud in banks.

Ho: Banks with internal control system can not prevent the menace of fraud.

Hi:  Banks with internal control system can prevent the menace of fraud.



This research study makes great impact to so many individuals and groups. They are as follows:

1-     This study helps in broaden the knowledge of both bank staffs and customers of the banks.

2-     Credit standards influence the quality of the firms customers.

3-     It helps to detect fraud in banks

4-     It helps to determine the effect of fraud on the business of banking.

5-     It assists banks and companies to safeguard against occupational fraud.


The content of this research should not be seen as being totally exhausting of all possible situation available in the Nigeria Banking sector and the theme of this study.

This is due to the vast size of the banking sector and the boundless nature of the study under review.

Therefore, the scope of this research is limited to the study carried out of access bank branches on the south part of Nigeria, particularly 50 selected branches is the following state: EKITI, ONDO, OYO, OGUN, OSUN and LAGOS.

The study also focused on area relating to staff strength of banks size of deposit, size of loans and overdraft, ase of fraudster, year of banking experience of fraud and the means of fraud prevention and defect the punishment meted out of fraudster.



1-     Account-opening fraud: this usually starts when a person not known a transaction account with false identification but unknown to the bank. Such a person might use the account for illegal transaction and close the account within a shore period.

2-     Money transfer fraud: fraudulent money transfer many result from a request created solely for the purpose of commuting fraud or the alteration of a geniue funds transfer request a geniue request can be altered by changing the beneficiary name or account number or changing the amount of the transfer.

3-     Computer fraud: its can take the form of corrupting the grams and even breaking into the system via a remote sensor by a computer programmer or specialist diskettes can also be tampered with to gain access to authorized area or even given credit to any account for which funds where not originally intended.

4-     Loan fraud: it occurs when credit is extended to non-borrowing customers or to borrowing customers who lead exceeded his credit seeking the fraudulent aspect or this class is that there is intent to conceal it from the head office (inspectorate) staff on routine checks to device them with plausible but falsified statement, document e.t.c.


The plan of the study is intended to assist banks and company to safeguard against occupational fraud as it follows:

The first chapter contains the introduction and the aspect of the study which reviews the statement of research problem and the objective of the study, scope of the study; the significance, definition and plan of the study were above review which stand as the basic of the study.

The second chapter reviews the relevant literature relating to various reform in the bank and its contribution towards the development in Nigeria banks and the role played by the case study and to the provision of the benefit.

The third chapter is the research methodology section which comprises of various ways been used in collecting data and method of writing this project.

Chapter four is the sections which prevents and analyze the data collection, four is the section various and means stated in the previous chapters. The researcher used the descriptive method of data analyzing presentation interpretation of result and frequencies are used in calculating the percentage of the respondent to arrive at the state of the study.

The final chapter containing the summary of the conclusion and recommendation at the end of this research the reference which contains some names of those who make impact and contribute towards the study.



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