ABSTRACT

The purpose of this topic Fraud Management in the Nigeria Banking industry is to aimed at finding practical means of management fraud by reducing the incidence of fraud in our banking industries and the researcher used secondary data from CBN and NDIC Bulletin. Method of data analysis was simple descriptive statistics such as frequencies, percentages and charts was used, five multiple regression analysis was used and six correlation analysis was used. The multiple regression analysis shows that the model is statistically fit at 10% level a significant effect on the dependent variable. The number of staff involved in fraud was significant at 10% and positively related to amount of fraud. This implies that staff was involved in fraudulent activities. The correlation of -0.40589 significant at 0.10 (2 tailed) between return on assets and amount of fraud indicates that fraud leads to the decrease in the performance of the banks. Recommendation and solution of fraud is a means of segregation of duties, were officer that post entry should not be responsible for checking. Movement of cashiers and clerks especially those that handle sensitive transactions. Development of a good banking structure and career opportunity programme is important for staff at all levels supervision method should be developed. All transaction should have authorization by appropriate office.