Fraud in Nigerian Banking Sector
Journal Title: International Journal of Academic Research in Business and Social Sciences - Year 2018, Vol 8, Issue 5
Abstract
The study examined fraud in the Nigerian banking sector. Ex-post facto research design was adopted for the study. Data for the period 2006-2015 were collected from Nigeria Deposit Insurance Corporation (NDIC) annual reports. Data relating to fraud, bank profit, bank assets and bank deposits were collected. Descriptive analysis and Ordinary Least Square (OLS) method of regression analysis were used for the data analysis. It was discovered that fraud has negative but insignificant relationship with bank profit amongst others. This implies that even though as bank fraud increases, bank profit increases, but the amount of fund involved in fraud does not significantly affect bank profit. We recommend amongst others that banks should include the amount involved in fraud in their financial statements and entrench good corporate governance (Fraud Box Model) as the key to lock the fraud -risk factors as contained in fraud diamond.
Authors and Affiliations
Sergius Nwannebuike Udeh, James Ike Ugwu
Keywords
Related Articles
- EP ID EP562714
- DOI 10.6007/IJARBSS/v8-i5/4159
- Views 103
- Downloads 0
Organizational Policies and Supports for Dual-Career Couples in Malaysia
This paper explores the organizational policies and supports provided for dual-career couples in Malaysia, the impact on their work and family balance and a comparison between the couples’ experiences with previous resea...
Influence of Self-Monitoring and Materialism on Fashion Clothing Involvement
Being a principal component of consumption decisions, fashion has social and cultural importance for people. Women, who are the most powerful consumers in the world, make up the largest and fastest-growing market and are...
Managing Food Security in Malaysia: A Resource-Based View (RBV) Analysis
This study was carried out in a case study approach with intended research focus of examining the impact of the intangible resources and tangible resources on the growth of the seed industry in Malaysia. The strategic ma...
Mediating Impact of Perceived Destination Image on Intention to Recommend Malaysia as a Key Educational Hub
Perceived destination image is a key study area that relates to tourism and hospitality. Even within the niche area of education tourism, perceived destination image still holds a significant stand but the inclusion of p...
Analysis of the 'Home Fence' Concept according to the Perspective of the Quran and Al-Sunnah
The Shari'ah has guided the Muslims to the protection method of exterior disturbance or inner disturbance through the concept of Syariatullah and Sunnatullah, where the Syariatullah is more aimed at inner protection as s...