The impact of bank verification number (BVN) on the operation of commercial banks in Nigeria (a case study of Fidelity bank plc) Department: Banking and Finance By: samadchuks Project ID: 5445 Rating: (5.0) votes: 1Rate this project12345 Price:₦3000 Get the Complete MaterialAbstract This paper examines the impact of bank verification number (BVN) on the operation of commercial banks in Nigeria. The bank verification number (BNV) is a biometric identification system implemented by the central bank of Nigeria to curb or reduced illegal banking transactions in Nigeria. The major objectives of the study are to examine the effect of fraud in the banking sector, to evaluate the impact of bank verification number (BVN) on the operation of commercial banks in Nigeria and to examine the role of bank verification number (BVN) in reducing fraud in the banking industry. Fidelity Bank Plc was chosen as a case study out of which so was adopted as the population. In order to determine the simple size, the Yaro-Yamen formula was used of which 66 was gotten as the simple size. Sixty-six questionnaires were administered out of which sixty were retrieved and properly filled. The percentage method was used to present and analysis the data while the chi-square method was adopted in testing the hypothesis stated. Based on the finding made, the researcher deduced the following the strong relation exist between BVN service and efficient banking operation, that the use of BVN is an effective tool for the development of the banking sector in bank verification number has helped in the reduction of fraud in banks and finally that the use of BVN is an effective tool for the development of banking sector....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)