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<b>Investigating Fraud in Nigerian Banks: Causes, Effects, and Solutions</b>

Domain:

socioeconomic

Record type:

paper
Creator:
Olu
Host:avatar

This study investigates the causes, effects, and potential solutions to fraud in the Nigerian banking sector. It identifies prevalent types of fraud, examines the role of greed and organizational weaknesses, and assesses the impact of fraud on bank performance.

Data were collected through primary questionnaires from five commercial banks in Oyo State, and analyzed using statistical techniques. Key findings reveal that greed significantly contributes to bank fraud, leading to operational distress. Recommendations for mitigating fraud include enhanced employee vetting and competitive remuneration. This research aims to inform stakeholders and contribute to effective fraud prevention strategies in Nigeria's banking industry.

Tags

Financial economicsApplied economics not elsewhere classifiedBank fraudNigerian banking industryFinancial crimeFraud preventionRisk managementEconomic impactRegulatory compliance

Licenses

CC0

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