ABSTRACT
The study examines the influence of corporate fraud on the performance of microfinance banks in Nigeria. The banking sector has become one of the most critical sectors in the economy with a wide effect on the level and direction of economic growth and transformation and on such economic variable as the rate of unemployment and inflation which affects the lives of our people. This is premised on the increasing fraudulent activities and practices in the banking sector which translate into the inability of microfinance banks to meet the expectation of various stakeholders. This fraudulent act affects the performance and profitability
of banks and may possibly lead to distress. The general objective of the study is to evaluate the extent to which fraudulent act affects the performance of microfinance banks in Nigeria. Three research questions and hypotheses were formulated for the study. A survey research method was employed. The population of the study was limited to staff of Chibueze microfinance bank which is located at 82,Ehi/Asa Road, Aha North, Ahia, Nigeria. In this work,for the purpose of carrying outa good analysis and reaching a reasonable conclusion, the researcher obtained data from both primary and secondary sources.The data collected was analyzed using statistical package for social sciences (SPSS)version 20.0.In other to analyze and interpret appropriately the responses from the respondent, the parametric and non-parametric tools were used and tested using analysis of variance (t-statistics and linear regression method) respectively. The finding of the study revealed that corporate fraud has significant influence on bank performance in Nigeria. Consequent upon this study,it was recommended that there should be improvement in internal control system to enable staff detect and prevent fraudulent activities. The regulatory and supervisory bodies of banks in Nigeria should improve their supervision on microfinance banks using all tools including JCT banking software at their disposal to appropriately check and curtail the incidence of fraud in the banking industry.
TABLE OF CONTENTS
CHAPTER ONE:INTRODUCTION
1.1 Background to the Study 1
1.2 Statement of the Problem '")
1.3 Research Objectives 4
1.4 Research Questions 4
1.5 Research Hypotheses 5
1.6 Scope of the Study 5
1.7 Significance of the Study 5
1.8 Limitations of the Study 6
1.9 Definition ofT erms 6
CHAPTER TWO:REVIEW OF RELATED LITERATURE
2.1 Conceptual Framework 8
2.1.1 Corporate Fraud 8
2.1.2 Theft and Embezzlement 9
2.1.3 Defalcation 9
2.1.4 Forgeries 10
2.1.5 Unofficial Borrowing 10
2.1.6 Foreign Exchange Malpractices 11
2.1.7 Impersonation 11
2.1.8 Manipulation of Vouchers
Chapter Three
3.6 Secondary Source of Data 38
Instrument of Data Collection 38
3.6.1 Validity of Research Instrument 39
3.6.2 Reliability of Research Instrument 39
3.7 Method of Data Analysis 40
3.8 Decision Rule 40
CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.1 Data Presentation 41
4.2 Data Analysis41
4.3 Test of Hypotheses 56
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1 Summary of Major Findings 62
5.2 Conclusion63
5.3 Recommendations 65
REFERENCES67
APPENDICES
ENENWALI, I (2021). Corporate Fraud And Performance Of Microfinance Banks In Nigeria (A Study Of Chibueze Micro Finance Bank, Aba, Abia State). Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/corporate-fraud-and-performance-of-microfinance-banks-in-nigeria-a-study-of-chibueze-micro-finance-bank-aba-abia-state-7-2
IFEANYICHUKW, ENENWALI. "Corporate Fraud And Performance Of Microfinance Banks In Nigeria (A Study Of Chibueze Micro Finance Bank, Aba, Abia State)" Mouau.afribary.org. Mouau.afribary.org, 24 Feb. 2021, https://repository.mouau.edu.ng/work/view/corporate-fraud-and-performance-of-microfinance-banks-in-nigeria-a-study-of-chibueze-micro-finance-bank-aba-abia-state-7-2. Accessed 30 Oct. 2024.
IFEANYICHUKW, ENENWALI. "Corporate Fraud And Performance Of Microfinance Banks In Nigeria (A Study Of Chibueze Micro Finance Bank, Aba, Abia State)". Mouau.afribary.org, Mouau.afribary.org, 24 Feb. 2021. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/corporate-fraud-and-performance-of-microfinance-banks-in-nigeria-a-study-of-chibueze-micro-finance-bank-aba-abia-state-7-2 >.
IFEANYICHUKW, ENENWALI. "Corporate Fraud And Performance Of Microfinance Banks In Nigeria (A Study Of Chibueze Micro Finance Bank, Aba, Abia State)" Mouau.afribary.org (2021). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/corporate-fraud-and-performance-of-microfinance-banks-in-nigeria-a-study-of-chibueze-micro-finance-bank-aba-abia-state-7-2