Corporate governance as a tool for detecting and reducing fraud in the Nigerian banking industry Department: Banking and Finance By: Arinze1 Project ID: 5398 Rating: (3.2) votes: 11Rate this project12345 Price:₦2000 Get the Complete MaterialAbstractThe greatest problem that bedevils the Nigerian Banking industry has been identified to be the problem of fraud, its detection, and control. It has been pointed out that the incidence of fraud in the system has been primarily due to weak corporate governance measures, hence the need to build defense in the daily operation of banks. It is necessary for us to examine the causes of fraud in Nigeria and banks so as to proffer lasting solutions by way of efficient and effective internal control measures. This is to help restore the confidence and integrity of our financial system, mostly the banks. This research focuses therefore on corporate governance a tool for reducing fraud in the Nigerian Banking industry along with its problems and prospects with a case study of two (2) banks namely: (a) First bank Nigeria Plc and (b) Fidelity Bank Plc. To carry out this research successfully, sixty (60) questionnaires were constructed and distributed to the staff of the two (2) banks under study. Information gathered through this process reveals that the existence of fraud in the Nigerian Banking industry is mainly caused by institutional weakness and personal vices. Also, the inexperienced state of some banks' staff has been identified to be a major factor in fraud cases in Nigerian banks. The recommendations that is been put far ward in this research work will go a long way in the detection, reduction and if possible, the eradication of the incidence of fraud in the Nigerian Banking industry. ...Preview Download Preview +Other Banking and Finance project topics and materials you might be interested in»The role of central bank of Nigeria (CBN) in the development of Nigeria financial sector»Appraisal of the economic implication of electronic banking in Nigerian banks (A case study of diamond bank)»The impact of strategic planning on banks performance in Nigeria (A case study of united bank for Africa plc)»Evaluation of the impact of liquidity management on banks performance in Nigeria ( A case study of UBA )»The roles of central bank of Nigeria in the prevention of bank failure or liquidation (A case study of central bank of Nigeria 2005-2009)»The role of financial institutions in promoting banking habit and saving capital formation in Nigeria»The effect of electronic banking on fraud reduction in bank (A case study of access bank plc)»The effectiveness of monetary policy measures in controlling inflation in Nigeria»Problems and challenges facing finance houses in the Nigerian economy ( A case study of mortgage bank owerri )»The role of deposit money bank in Nigeria in economy development in Nigeria - a case study of Access Bank Plc»Motivation as a way of reducing fraud in banking industry ( A case study of UBA and Fidelity bank )»The impact of insurance industry on the economic growth of Nigeria (A case study of nicon and hallmark insurance companies 2005-2009)»Identification and management of bad debts in Nigeria commercial banks(A case study of UBA plc)»The contribution and effect of computer to modern day banking in Nigeria (A case study of zenith bank and first bank plc)»The use of accounting information in assessing control and performance in an organization (A case study of first bank of Nigeria owerri)