An Empirical Examination Of Fraud In The Nigerian Banking Industry

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 Fraud in the Nigerian banking institution in seen by people as an enemy, moreover on their own assets even when they themselves are cleaver fraudsters or dupes on their people. It exists in different sectors of our nations economy’s education, Agriculture , Mining, Production Banking.

The researcher has systematically expository and analytically presented the empirical examination of fraud in the Nigerian Banking industry taking into consideration symptoms that necessitated on it.

It discuss on the concepts, sources, forms and causes, detection, presentation, effects, legal process and how it can be evaluated.

The researcher also examine at various levels like bribery, computer frauds, professional frauds.

The researcher also uses both primary and secondary data.







Title page




Table of contents


Chapter One

1.0     Introduction

1.1     Background of the study

1.2     Statement of the problems

1.3     Objective of the study

1.4     Significance of the study

1.5     Definition of terms


Chapter Two

2.0     Review of Related Literature 

2.1     The concept of fraud

2.2     Source, forms and causes of fraud

2.2.1  Source of fraud

2.2.2  Forms of fraud in the Nigerian ban king industry

2.2.3 Causes of fraud in the Nigerian banking industry

2.3     Detection of frauds in Banks

2.4     Prevention of frauds in banks

2.5     The effects and dangers of fraud


Chapter Three

3.0            Research Design and Methodology

3.0.1    Research Design

3.1            Date collection methods

3.2            Primary data

3.3            Secondary data

3.4            Research instruments

3.5            Sources of data

3.6            Method of data collection

Chapter Four

4.0     Data presentation

4.1     Data documentation

4.2     Research strategies

4.3     Research approach

4.4     Measurements and sealing procedures

4.5     Method of investigation


Chapter five

5.0     Discussion, Conclusion and Recommendation

5.1     Discussion of finding

5.2     Conclusion

5.3     Recommendation

5.4     Limitation







The mere pronouncement of the word, “Fraud”, before people sends a wave of doubts, curiosity, anxiety and concern in general in them as regards the satiety of their resources, be they financial or otherwise. Fraud is seen by people as an enemy, moreover on their own assets even when they themselves are cleaver fraudsters economy education agriculture, mining, production, banking etc.

In the Nigerian banking industry, fraud is as old as the system itself, dating back to the period between 1982 and 1952 period commonly referred to as “free banking era” in Nigeria, when there was no form of banking act or ordinance to regulate the establishment and operations of commercial banks or a central bank to supervise and control banks within this period, expatriate and indigenous bank were established, all being commercial bank these banks were:

1)                The African banking corporation in 1892 which later became the British of West Africa in 1893 and presently, the first Bank of Nigeria plc in 1894

2)                The colonial bank in 1917 (Later became Barclays Bank dominion colonial and our seas, and presently the union bank of Nigeria Plc).

3)                The British and French Bank (now the united bank of Nigeria Plc): all these being the expatriate banks and the indigenous ones being.

4)                The National Bank of Nigeria 1933

5)                The Agbomagbe Bank (now called Wema Bank in 1945)

6)                The Africa Continental Bank Plc in 1974; and

7)                Other indigenous banks that failed following the introduction of banking ordinance of 1975 whose provisions they cold not meet.

Some of these banks that were registered between 1892 never opened their doors for business even for a day while some simple collected customers deposits and vanished. Those that failed were for reasons traceable to fraud, mismanagement and lack of government patronage. The consequences were the depletion of the individuals and organizations concerned and the nation in general, funds needed for development and upliftment of living standards. This resulted to a loss of faith and trust on the banks hat tint he country. With the banking ordinance of 1952, some element of sanity entered the Nigerian banking industry which was noticed in the regulation of the formation,


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An Empirical Examination Of Fraud In The Nigerian Banking Industry