THE ROLE OF COMPUTERS IN FRAUD DETECTION AND PREVENTION IN THE NIGERIA BANKING INDUSTRY
By
OKAFOR VIVIAN.N.
Presented To
Department of Banking and Finance
ABSTRACT
In this study, the research set out to examine the roles of the electronic Computers in fraud detection in banks. 51 staff of UBA plc is randomly selected as the study sample for the research. These 51 staff was issued with 51 copies of structured questionnaires to complete their responses to the questionnaire were analyzed using percentage and chi-square test. Based on the analyses, the researcher discovered the following facts and findings:-
i. The computer had contributed immensely to the development of Nigeria banking industry some of the recent developments in computer technology that had made positive impact in the Nigeria banking industry include the following the automatic document processor; magnetic ink character recognition, optical character recognition; automated teller machine; electronic find transfer; and electronic fund transfer at the point of sale.
ii. The electronic computers are used by the Nigeria banks to detail fraudulent activities. Such as teaming and lading; foreign exchange fraud; forged bank document and so on.
iii. The computers sometimes income errors whiles doing the work of fraud direction in banks.
iv. The electronic Computers had revolutionalised the banking industry, since they (the computer) quicker the banking processes; reduces job / work stress; and brought professionalism in banks.
The researcher also made the following recommendations.
(a) That all banks and other financial institutes in Nigeria (including the Community banks and finance companies) should computerize all their operations.
(b) That the Computers to be used by the bank and other financial institutions in Nigeria should have an in- built fraud detection devices.
(c) That the federal government should subsidize the cost of electronic computer so as to make affordable by some banks that have how asset 1 capital base e.g. the community banks.
TABLE OF CONTENT
Title page ii
Approval page iii
Dedication iv
Abstract v
Table of content vii
CHAPTER ONE
1.1 Statement of the problem and objective of the study. 1
1.2 Rationale of the study 1
1.3 Significance of the study 2
1.4 Background of the study 3
1.5 Definition of technical terms. 6
CHAPTER TWO
2.0 Literature Review 8
2.1 Theoretical Review 8
2.2 Empirical Review 15
CHAPTER THREE
3.1 Research Hypothesis 21
3.2 Research methodology 21
3.3 Sources of data. 23
3.4 Limitations of the study 24
CHAPTER FOUR
4.1 Presentation of Data 25
4.2 Analysis of data 27
4.3 Discussion of the Results 32
CHAPTER FIVE
5.1 Summary 35
5.2 Conclusion 37
5.3 Recommendation 38
Bibliography 40
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