The Effect of Fraud in the Nigeria Banking Sector (A Case Study of Intercontinental Bank Plc)

TABLE OF CONTENT

Title page

Certification

Dedication

Acknowledgement

Table of Content

CHAPTER ONE

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

         CHAPTER TWO

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

         CHAPTER THREE

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

         CHAPTER FOUR

4.0    Data presentation, data analysis and interpretation of results

4.1    Data presentation

4.2    Data analysis

4.3    Interpretation of results

         CHAPTER FIVE

5.0    Summary, conclusion and recommendations

5.1    Summary

5.2    Conclusion

5.3    Recommendations

        References

CHAPTER ONE

         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.