Commercial Banks occupy an indispensable position in the Nigeria economy. They are the picot upon which other business firms and other activities revolve and “a conduit pipe through which all financial transactions pass”. However, literature in the field shows that fraud and other financial malpractice in the Nigeria Banking system nearly always lead to loss of monies that ordinarily belong to someone other than banks. In every bank cases where frauds with crippling frequency and in large sizes such banks may be forced to close down or outright distress as a result. When the commercial Banks lose money and it is wound up or distressed in turn the customers and the nation in general loses of money, which also affects the economy.

These study, therefore investigate the various levels of fraud in our Nigerian banking system. To this end a hypothesis was tested and confirmed that fraud not only drain the economy, but also lead to a lost of confidence by foreign investors. 

Title page - - - - - - - - i

Certification - - - - - - - ii

Dedication - - - - - - - - iii

Acknowledgement - - - - - - - iv

Abstract - - - - - - - - - v

Table of Contents - - - - - - vi

1.1 Background of the Study - - - - - 1

1.2 Statement of the Problem - - - - - 3

1.3 Objective of the Study - - - - - 3

1.4 Research of the Problem - - - - - 5

1.5 Hypotheses of the Study - - - - - 7

1.6 Limitation of Terms - - - - - 8

 References - - - - - - - 14

2.1 A Brief Survey of the Banking System - - 15

2.1.1 Types of Banking them in Nigeria - - - 16

2.1.2 Functions of the Banks - - - - - 21

2.2 Types of Fraud and other financial malpractices

 in the Nigeria banking system - - - - 29 

2.2.1 Identification of Printing, Copying and

 Duplication Process - - - - 33

2.2.2 Bank Frauds - - - - - - 34

2.2.3 Insurance Fraud - - - - - - 37

2.2.4 Financial House Frauds - - - - - 37

2.2.5 Corporate fraud - - - - - 38

2.3 Sources and Courses of fraud and other

 financial malpractices in the Nigeria Banking

 System - - - - - - - - 41

2.4.1 Personal and Social Pathologies - - - 42

2.4.2 Negligence - - - - - - - 44

2.4.3 Inadequate or lack of Training - - - 44

2.4.4 Social Causes - - - - - - - 45

2.4.5 Poor Supervision - - - - - - 49

2.4.6 Facilitation of frauds by faulty public policies 50

2.4.7 Facilitation of Fraud by Management - - 53

2.5 Consequences of Fraud and Other financial

Malpractices in the Nigeria Bank System - - 55

2.6 Control or prevention of fraud and other

financial malpractices in the Nigerian banking system - - - - - - - 56

2.6.1 Prevention of fraud by Society - - - 57

2.6.2 Prevention of fraud by Management - - 59 

2.6.3 Prevention of fraud by Employees - - 61

2.7 Detection of fraud and other financial Malpractices

in the Nigeria Banking System - - - - 62

2.8 Investigation of fraud and other financial

malpractices in the Nigerian Banking System - 63

2.8.1 Internal Investigation - - - - - 64

2.8.2 External Investigation - - - - - 64

2.9 The Law and Fraudulent practices

Prosecution of fraudsters and the perpetrators - 67

 References - - - - - 71

3.1 The Research Design - - - - - 73

3.2 Method of Data Collection - - - - 73

3.3 Population size - - - - - - 75

3.4 Sample size - - - - - - - 75

3.5 Sampling Procedure - - - - - - 76

3.6 Method of Data Analysis/Technique - - - 77

3.7 Decision Rule - - - - - - - 77

3.8 Reliability of Data - - - - - 78

4.0 Data Presentation and Analysis - - - - 80

4.1 Presentation of Tables and Bar Chart - - 81

4.2 Hypotheses Testing - - - - - - 89

4.3 Interpretation of Results - - - - - 90

5.1 Summary of Findings - - - - 91

5.2 Recommendations - -- - - - - 95

5.3 Conclusion - - - - - - - 96