Translate this page

the effect of fraud and preventive measures on the performance of...

THE EFFECT OF FRAUD AND PREVENTIVE MEASURES ON THE PERFORMANCE OF FINANCIAL INSTITUTIONS A CASE STUDY OF UBA, ABRAKA



This research project material is available: THE EFFECT OF FRAUD AND PREVENTIVE MEASURES ON THE PERFORMANCE OF FINANCIAL INSTITUTIONS A CASE STUDY OF UBA, ABRAKA



Download Complete Research Project Material on THE EFFECT OF FRAUD AND PREVENTIVE MEASURES ON THE PERFORMANCE OF FINANCIAL INSTITUTIONS A CASE STUDY OF UBA, ABRAKA



Project Category:
Type: Project Topics | Project Topics and Materials | List of Project Topics | Research Project Materials | Journals | Thesis | Articles | Online Project Materials | Business Plan | Final year project topic| Format: Ms Word| Attribute: Documentation Only| Pages: 59 Pages| Chapters: Complete Research work from Chapter 1 to 5; All chapters | Price: ₦ 5,000.00



Call or whatsapp: +2347063298784 or email: allprojectmaterials.com

Download Post (MsWord)


Download Post (PDF)


Download complete Chapters



THE EFFECT OF FRAUD AND PREVENTIVE MEASURES ON THE PERFORMANCE OF FINANCIAL INSTITUTIONS A CASE STUDY OF UBA, ABRAKA



ABSTRACT

 

  This work was designed to study the effect of fraud and its prevention on the performance of financial institution using UBA, Abraka. The purpose of the study is to know the causes of fraud and to know the extent in which fraud affects the performance of these financial institutions. Questionnaires were administered and retrieved; the simple percentage method was used to analyze the data collected. The major findings in this work are that there is a significant relationship between fraud and the performance of the financial institution. The researcher recommends adequate internal control to reduce the rate of fraud in the financial institutions.

 

CHAPTER ONE

 

INTRODUCTION

 

1.1       Background of the Study

 

The study entails the rapid increase of the case of fraud in the financial institutions and how it affects the performance of these financial institutions.  People are scared of taking their money to banks because of fear of fraud.  Although various procedures for prevention of this ugly act exist, but it seems like the most powerful remedy is the intervention of God.

 

Different authors and researchers emerge with their definitions on the concept of financial fraud.  The followings are most of the definitions.

 

According to Oxford Advance Learners Dictionary, fraud is defined as the crime of cheating in order to get money or goods illegally.

 

According to the Chartered Institute of Public Finance and Accounting, United States, fraud is defined as those intentional distortions of financial statement or other records which are carried out to conceal the misappropriation of asset or otherwise.

 

Adeniyi (2001), fraud refers to intentional act by one or more individuals among management, employees, or third parties which results in a  misrepresentation of financial statements.

 

However, having closely studied these approaches from definition of fraud, especially from the banking perspective, banking fraud can be seen as a deliberate act by an individual or group inside or outside the banking system to cheat, swindle or manipulate another to dispose the bank depositors or shareholders of their funds.

 

Despite several definition of fraud, the authors believe that the ones so far given are nearly appropriate, inspiring and of advantages for the purpose in which the researcher intends to achieve.

 

The position of banking system in our economy cannot be overemphasized.  They act as the “conduct pipe” through which all the financial transaction passes.

 

However, fraud has brought a setback to the functioning of the roles of the banking system,  people are beginning to get worried and sooner than later may lose confidence in our banking sector due to the mainly increasing incidence of fraud in our today bank, properties should be on trust not fraud.

 

1.2       Statement of the Study

 

The frequent causes of financial fraud in many financial institutions in our country are now taken as the uttermost concern to financial experts and macro economist.  To some banking experts, the issue of fraud is an internal vice on the Nigeria banking system.  They argue on this because a good numbers of frauds occur among our banks without the knowledge of outsiders and even where the public is aware, it does not affect the rate at which customers withdraw or deposit money.

 

Fraud has paralyzed the roof and foundation of our banking system.  Hardly will you find a daily newspaper which does not bring news about fraud check, the police record and you will be surprised at the extent of bank fraud in the banking system which has been affecting the performance of some banks.  Fraud in many ways has affects the Return on Capital Employed (ROCE) of some banks.  Therefore, the researcher is aiming at tracing fraud in the banking system and how it affects the performance of such banks, with special reference with UBA Plc, Asaba.

 

1.3       Objectives of the Study

 

The main purpose is to investigate the effects of fraud in banking industry.  Other specific objectives are:

 

1.      To find out the causes of fraud in our financial institutions.

 

2.      To know the extent in which fraud affects the performance of financial institutions.

 

3.      To recommend preventive measures that may help in the reduction of financial fraud in our banking system.

 

1.4       Research Questions

 

The following research questions have guided this study.

 

1.      To what extent does the level of fraud affect the performance of financial?

 

2.      To what extent has financial fraud in the banking industry lead to the failure of banks?

 

3.      To what measure does the preventive measure taken by these banks helped to reduce fraud?

 

1.5       Significance of Study

 

This project will be of help to readers and other researchers who wish to make reference on this study, while undertaking similar research work.

 

It will be of help to financial institutions and other organisation both in public and private sectors to use the findings of this research to equip the audit department.  It will serve as an eye opener to investors and shareholders on what it takes to invest in banks.

 

However, this work will be of immense help to financial institutions in Nigeria in particular and to all that may have need for assistance in detection of these opportunities in general.

 

1.6       Scope of Study/Delimitation of the Study

 

This research work is to examine fraud and how it affects the performance of financial institutions and how it can be prevented with a particular reference to UBA Plc.  In other to attain the objectives of this research, the scope of the study was defined to embody all relevant aspects of fraud in banking industry.

 

The scope of the study also focused on areas relating to the staff strength, and size of depositors, size of loans and allowances, years of banking experience of fraudsters, the means of fraud prevention and detection, and the punishment to be imposed on fraudsters.

 

1.7       Limitation of the Study

 

In a study of this nature, one would like to accumulate data from many areas, but owing to the length of time allowed for this research, such a wide range sample study was almost externally difficult.  There are lots of factors that constituted limiting factors of this project work, just to mention few which are:

 

1.      Financial Constraints: As a student, there was no enough capital to spend for transport and fact findings, also borrowing of more relevant literature will be of help in writing this project.

 

2.      Attitude: The non-challant attitude of some of the staff members regarding giving useful information hinders the progress of the research due to fear of being dismissed for giving out official secrets.

 

3.      Unreleased Information:  Some information were being coded by the organisation which was not released to the researcher.

 

4.      Death Information:  There are no comprehensive write up or books on compulsory acquisition and compensations.  There are few books and journals in search for this topic and hence review of literature was difficult.

 

5.      Time Factor:  The short limited time given for the compilation of this project deprived of more technical touches.

 

However, effort has been made to ensure that this situation does not hinder the completing and quality of this research work.

 

1.8       Definition of Terms

 

Audit: The independent examination and expression, opinion on the financial statement of an enterprise by an appointed auditor, in pursuance of that appointment and in compliance with any relevant statutory obligation.

 

Error: Unintentional mistake in financial statement whether of mathematical or clerical nature or whether due to over sight, misinterpretation of the relevant facts.

 

Fraud:  This is the intentional distortion of the financial advantage such as the misappropriation of assets, avoidance or evasion of tax and omission of disclosures.

 

Fraud Auditing:  The creation of an environment that encourages the detection and prevention of fraud in government, public, commercial and even private establishments.

 

Internal Audit:  This is a management tool with which is used to appraise the activities of the management by themselves through appointed staff of the organisation.

 

Internal Control System:  This is the management control which functions by measuring and evaluating the effectiveness of other control in all areas of the organisation.

 

Misappropriation of Assets: This is an irregularity involving acquisition or application of the resources of an enterprise for one’s personal benefit without disclosure to the enterprises.

Citation - Reference

All Project Materials Inc. (2020). THE EFFECT OF FRAUD AND PREVENTIVE MEASURES ON THE PERFORMANCE OF FINANCIAL INSTITUTIONS A CASE STUDY OF UBA, ABRAKA. Available at: https://researchcub.info/department/paper-7441.html. [Accessed: ].

THE EFFECT OF FRAUD AND PREVENTIVE MEASURES ON THE PERFORMANCE OF FINANCIAL INSTITUTIONS A CASE STUDY OF UBA, ABRAKA


Delivery Assurance: This Project material is delivered within 15-30 Minutes. Click below to download complete material.


Download Complete Project Material

Call: +2347063298784

Hire a Writer

Department

Search Word Tags:


A Review on the effect of fraud and preventive measures on the performance of financial institutions a case study of uba, abraka, fraud, financial, this, research journals and thesis, researchcub.info, accounting project topics.
This work was designed to study the effect of fraud and its prevention on the performance of financial institution using UBA, Abraka. The purpose of the study is to know the causes of fraud and to know the extent in which fraud affects the performance of these financial institutions. Questionnaires were administered and retrieved; the simple percentage method was used to analyze the data collected. The major findings in this work are that there is a significant relationship between fraud and the performance of the financial institution. The researcher recommends adequate internal control to reduce the rate of fraud in the financial institutions... Click here for more

THE EFFECT OF FRAUD AND PREVENTIVE MEASURES ON THE PERFORMANCE OF FINANCIAL INSTITUTIONS A CASE STUDY OF UBA, ABRAKA - Research Journals and Thesis - Researchcub.info

Excellent and Professional research project topics, ideas and materials Website - researchcub.info

Undergraduate Project Topics, economics project topics, marketing project topics, business administration project topics, engineering project topics, computer science project topics, banking & finance project topics, education project topics, law project topics, sciences project topics, public administration project topics, political science project topics, mathematics project topics, medical science project topics, mass communication project topics, research projects, geology project topics, marketing project topics, agriculture project topics, Browse Thousands of Final Year Project Topics, hire a writer, Research Works and Materials, Project topics and materials in Nigeria, Undergraduate Project Topics, Research Works and Materials, research topics, research project materials, complete project materials, computer science project material, free project topics, complete projects, accounting topics, small business topics, entrepreneurship topics, project materials, Nigerian undergraduate projects, business administration projects, computer science topics and projects, MBA Nigerian project topics, human resources, small businesses, entrepreneurship projects, economics projects, impacts projects, effect projects, university projects, polytechnic projects, investigate projects, political science projects, mass communication projects, project topics, human resource projects, education projects, French topics, project analysis, French projects, project tips, project abstract, project proposals, project bibliography, project reference, project seminar, forex, TSA, treasury single account, currency, naira, devaluation, undergraduate projects, final project research, marketing project topics, statistics project topics, mathematics project topics, statistics, mathematics, research projects, project thesis, labour force theses, NCE, OND, HND, BTECH, BSC, MBA, MSC, English projects, linguistic project topics, Free Project topics and materials in Nigeria, research topics, reseach project materials, computer science project material, free, complete, accounting topics, small business topics, materials, nigeria projects, business administration projects, computer science topics and projects, MBA nigeria project topics, human resources, small business, entrepreneurship projects, economics projects, impact projects, effects projects, training, budgets, ghana, university, polytechnic, browse Free project materials and topics in Nigeria, accounting and finance project materials, business administration project materials and topics, human resources, entrepreneurship, computer science and engineering project materials and topics, Accounting project topics, Accounting project topics and materials, Agricultural Economics Project Topics and Materials, Agricultural Science Projects topics and materials, All Project topics and materials, Architecture Project topics and materials, Aviation project topics and materials, Banking & Finance Projects topics and materials, Biology project and materials, Building project topics and materials, Business Administration & Management Projects topics and materials, Chemical Engineering Project Topics and materials, Civil Engineering Projects topics and materials, Communication & mass communication art project topics and materials, Computer Engineering Project Topics and materials, Computer Science Projects topics and materials, Criminology project topics and materials, Economics Research Projects topics and materials, Education Project Topics and Materials, Electrical Engineering Projects and materials, English Education & English Language Project topics and materials, Food Science project topics and materials, Geology Project Topics and materials, Guidance Counseling Project Topics and materials, History project topics and materials, Home Economics Project Topics and Materials, Human Resource Projects topics and Materials, Industrial Chemistry Projects topics and materials, Insurance Projects topics and materials, Law project topics and materials, Library and information science project topics and materials, Marine and Transport management project topics and materials, Marketing Projects topics and materials, Mathematics project topics and materials, Medical Sciences Project Topics and materials, Microbiology project topics and materials, Nursing and Midwifery project topics, Nursing and Midwifery project topics and materials, Optometry or nursing project topics and materials, Petroleum Engineering project topics and materials, Pharmacy project topics and materials, Philosophy project topics and materials, Photography project topics and materials, Physical and Health Education project topics and materials, Physiology project topics and materials, Political science project topics and materials, Project topics and materials, Psychology project topics and materials, Random project, Religious and Cultural Studies Project Topics and Materials, Sociology and Anthropology Project topics and materials, Sociology Project Topics and materials, Tourism project topics and materials, Vocational education project topics and materials THE EFFECT OF FRAUD AND PREVENTIVE MEASURES ON THE PERFORMANCE OF FINANCIAL INSTITUTIONS A CASE STUDY OF UBA, ABRAKA-fraud- financial- this- Research Journals and Thesis | Researchcub.info