IDEAS home Printed from https://ideas.repec.org/a/eco/journ1/2020-01-20.html
   My bibliography  Save this article

Evaluation of Fraud and Control Measures in the Nigerian Banking Sector

Author

Listed:
  • Abdulrasheed Garba Almajir

    (Department of Accounting and Finance, Federal University, Gusau, Nigeria)

  • Muhammad Usaini

    (Department of Accounting and Finance, Federal University, Gusau, Nigeria)

Abstract

The purpose of this paper evaluation of fraud and control measures in Nigerian Banking Sector (A case study of three selected banks) is to aim at finding practical means of eliminating, reducing the incidence of fraud in our banking industries and researcher used both primary and secondary source. Questionnaire and interview were administered on a population sample of 75 person made up of both staff and management of First Bank Nigerian Plc, Union Bank of Nigerian Plc and United Bank for African all in Gusau, Zamfara state. The findings derives from respondents indicates that poor internet system not greed is the main course of fraud in the Nigerian Banking and recommendation, and solution of fraud is a means of segregation of duties, were officer that past entry should not be responsible for checking with compulsory annual holiday for all member of the staffs and organization procedure, development of a good organization structure and career opportunity for staff so as to have dedicated loyal staff and contented with force and good training programme is important for staff at all levels.

Suggested Citation

  • Abdulrasheed Garba Almajir & Muhammad Usaini, 2020. "Evaluation of Fraud and Control Measures in the Nigerian Banking Sector," International Journal of Economics and Financial Issues, Econjournals, vol. 10(1), pages 159-169.
    • Handle: RePEc:eco:journ1:2020-01-20
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijefi/article/download/8931/pdf
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijefi/article/view/8931/pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Fraud; Control; and Nigerian Banks;
    All these keywords.

    JEL classification:

    • M4 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ1:2020-01-20. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.