Thesis Abstract

Abstract
Fraud and forgery in the Nigerian banking industry have become increasingly prevalent issues that threaten the stability and integrity of the financial sector. This research explores the various forms of fraudulent activities and forgery that occur within Nigerian banks, focusing on the underlying causes, impacts, and potential solutions to combat these challenges. Through a comprehensive review of existing literature, case studies, and data analysis, this study aims to shed light on the nature and extent of fraud and forgery in Nigerian banks. The research delves into the common types of fraudulent activities such as identity theft, account manipulation, check kiting, and loan fraud, highlighting how these practices are carried out and their implications for both financial institutions and customers. Furthermore, the study investigates the contributing factors that facilitate fraud and forgery in the Nigerian banking industry. These factors include weak internal controls, inadequate regulatory oversight, collusion among bank employees, and the proliferation of advanced technological tools that enable cyber fraud. By identifying these root causes, the research seeks to provide insights into how banks can strengthen their risk management frameworks and preventive measures to mitigate the incidence of fraud. In addition to analyzing the challenges posed by fraud and forgery, this research also examines the consequences of these illicit activities on the banking sector and the broader economy. Fraud and forgery not only result in financial losses for banks but also erode customer trust, damage the reputation of financial institutions, and undermine investor confidence in the Nigerian economy. The study underscores the urgent need for enhanced security measures, regulatory enforcement, and industry collaboration to address these threats effectively. Moreover, the research explores best practices and strategies that banks can adopt to detect, prevent, and respond to fraud and forgery incidents. These include implementing robust authentication protocols, conducting regular audits and fraud risk assessments, enhancing employee training on fraud awareness, and leveraging technology such as biometric authentication and artificial intelligence for fraud detection. By offering a comprehensive analysis of fraud and forgery in the Nigerian banking industry, this research aims to raise awareness of the challenges posed by financial crimes and provide valuable insights for policymakers, regulators, banking executives, and other stakeholders to strengthen the resilience of the banking sector and safeguard the interests of customers and investors.

Thesis Overview

1.0            INTRODUCTION

1.1     STATEMENT OF PROBLEM

Seeing all the adequate measures such as internal control auditing, separation of duties, monitoring of branch operations, application of diplomacy actions etc. in order to control fraud and forgery in the Nigerian banking industries, still there is fraud and forgery in the Nigeria banking industry.

More still, banks screen the best staff for employment monitor and check dormant accounts, apply fraud detecting machines periodic rotation of bank staff etc, all are also another fraud   control measures, despite all these, there is still bank fraud.

The next question a reasonable one will ask is “why does bank fraud still occurs:

This led me to write on this topic to really know, what bank fraud is, types, its effects on the economy, suggested control measures, causes of fraud in order to take this problem in the society over out banking industry.

1.2     RATIONALE OF THE STUDY

However, in accounting today the issue of fraud and forgery has been so ran pact among Nigerian banking institutions. Actually fraud cannot be easily be eradicated but with some control measure amendment can be made to control it. So the researcher had seen this problem of fraud and forgery in the country and has decided to bring out same solution to stop this or reduce the rate of this problem.

Now the question is that does it mean that all this measures for fraud and forgery control has no impact in the banking industry? Why do we still experience fraud and forgery despite all this measures such as internal and external another, generalities for fraud less, adequate call over etc. still we experience fraud and forgery. It is of this reason that I researcher had forgery. It is of this reason that I researcher has decided to know what fraud and forgery is all about in the banking industry, the native and forms of bank fraud to know same of the facilities that facilitate fraud, to know the actual infact of fraud in the economy. Having seen also this reasons it is of this note that I the research will libe to bring out same solution to put an end or limit this ugury institution in the banking industry and this has lead me to write on this topic. Fraud and forgery in the banking industry”

1.3     SIGNIFICANCE OF THE STUDY

This research on fraud and forgery in the Nigerian banking industry will be of importance to many individuals who are bank customers and also to banker.

Since the research ex-rayed various types of fraud and forgery the bank will use it as an avenue to know the types of fraud and forgery that happened to then if any can made adjustment to its re-occurrence.

Also, banks will use the possible measure to control fraud an forgery in order to avoid bank distress and failures.

Other parastatals apart from banks will equally benefit fro this research as it give solutions to fraud and forgery.

Morestill, since the researcher took mark tyiro in caning out with a good material like this, it will be of good importance to subsequent researchers.