THE ROLE OF COMPUTER IN FRAUD DETECTION AND PREVENTION IN THE NIGERIAN COMMERCIAL BANKING INDUSTRY

By

OMORODION ONYECHI

Presented To

Department of Accountancy

TABLE OF CONTNENT

Title page

Approval page

Acknowledgment

Table of content

CHAPTER ONE

Introduction

1.1 Background of study

1.2 Statement of problem

1.3 Objective of study

1.4 Significant of study

1.5 Scope / limitation of the study

1.6 Definition of terms

CHAPTER TWO

Literature review

2.1 Computer in Nigeria society

2.2 The use and trends of computer in Nigeria

2.3 Fraud and banking services

2.4 Nature and types of bank frauds

CHAPTER THREE

Finding, recommendation and conclusion

3.1 summary of findings

3.2 conclusion

3.3 recommendation

Bibliography

CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND OF STUDY

The Nigerian banks have been the centers of public attention especially in the area of frauds. Today in the banking sector ,we find ,fraudulent workers customers and so forth. Due to the fact that has been the of the day as far as Nigeria is concern and the only way which we can look into it is by using computer in the prevention and detection of the fraud. The computer has been of help in the detection of fraud.

Nevertheless, fraud is something that is inherit to commercial banking industry

1.2 STATEMENT OF PROBLEM

Banks in Nigeria have been for quite sometimes, the centre of public attention especially in the area of fraud. Fraud have been on the increase in recent years. Although, fraud in the bank is global phenomenon, the growth had become astounding in view of these fraudulent practice, computer should be used to detect and prevent fraud in the banking industries.

1.3 OBJECTIVE OF THE STUDY

The major objective of this study which the researcher have designed is to achieve the following

v To highlight the types of bank fraud

v To find out the possible ways of detecting the fraud in banks by use of computer

v To find out ways prevention of fraud by the computer

1.4 SIGNIFICANCE OF STUDY

As the topic implied much emphasis land on the problem of which finally result in distressed banks. Significantly the study has exposed us to the fact that even computers can do better than human beings when it comes to detection of fraud.

The study we help the bankers to be more prudent in there dealing with the money the deposited by their customers.

Then the study will also be of immense help to other willing to carryout other research in this area

Moreover, the introduction of the computer in the banking industries, we help to discourage those who have the intention of involving the fraudulent act

The study will also be of benefit to bankers and public as it enlighten then in the on fraud in banking industries.

The study is also in partial fulfillment of the award of national diploma in banking and ferimdce

1.5 SCOPE / LIMITATION OF STUDY

The study is intended to discovered or detect fraud in banking industries in Nigeria. Also to find a possible ways of prevention to avoid future occurrence for researcher to achieve this primary objective I had to go the hole length and avoid myself with conviction in Enugu library national library Enugu British university of Nigeria Enugu branch.

The research therefore intend for a purpose of emphasis and convenient to limit the scope of this research work to this institution in and around Enugu state.

Limitation

The major circumstance that limit to extent of work carry out on this project is time factor. The time allocated for the study is very short. This has prevented us from carry a much indebted study as I would have done if much time was given. Another problem face it finance. Since I have to transport my self from one library to another, transport fare has to be incurred especially during period of fuel scarcity.

Lastly, in the on wiliness of the staff, in the libraries visited to the close vital information because they are bound from during so or that gratification forth coming.

1.6 DEFINITION OF TERMS

Computer

Is a machine that accept, process the data or provide the results as information in the require form provide that appropriate data is filled into it.

Especially, computer is designed to perform three logic information that is acceptance of data (input), process of data and result (output)

Fraud

Means deriving illegally in other to make money or obtain goods. It can also be defined as a conscious or deliberate effort aim at obtaining an unlawful financial advantages at the detriment of another person.

The five letter words fraud

Has been the major cause of the ugly development in out banks.

Software

It defined as data programme not formally parks of a computers but used for it operation. It means anything that it not hard ware such as programmes, languages, manual and documentation. It is also referred as structural instructions president in the computer which enable it to execute specific operation.

Hardware

It defined as physical devices that make up the computer system.

Central process unit

The brain or heart of the computer it is the controlling central of the internally processing system

Keyboard

Is defined as input through which data instruction are felt and received