ABSTRACT
Fraud is an intentional
misrepresentation of financial information by one or more individual among
management, employee or third parties. Fraud has become a cankerworm and threat
to the existence of financial institutions generally and deposit money banks in
particular. The incidence of fraud in the present day Nigeria has assumed an
epidemic dimension and has eaten deep into every aspect of our life to the
extent that an infant talks about 419 which is the newly discovered sobriquet
for an advance fraud currently hunting the nation, Nigeria. However, like in
the greater society, they have become one of the most intractable problems of
modern day banking, while the concern of the banking community is growing day
by day. Management vigilance is improving with the aid of computerization
amongst others. it is on record that millions of naira is still being lOSt to
fraud and forgeries on a daily basis through manipulate falsification or
alteration of records or documents, dishonest misappropriation of assets,
suppression or omission of the effect of transactions from records or
documents, recording of transactions without substance and misapplication of accounting
policies.
OWHONDA, R (2021). The Effect Of Fraud On The Performers Of Deposit Money Banks In Nigeria . Mouau.afribary.org: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/the-effect-of-fraud-on-the-performers-of-deposit-money-banks-in-nigeria-7-2
ROMEO, OWHONDA. "The Effect Of Fraud On The Performers Of Deposit Money Banks In Nigeria " Mouau.afribary.org. Mouau.afribary.org, 27 Jul. 2021, https://repository.mouau.edu.ng/work/view/the-effect-of-fraud-on-the-performers-of-deposit-money-banks-in-nigeria-7-2. Accessed 27 Nov. 2024.
ROMEO, OWHONDA. "The Effect Of Fraud On The Performers Of Deposit Money Banks In Nigeria ". Mouau.afribary.org, Mouau.afribary.org, 27 Jul. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/the-effect-of-fraud-on-the-performers-of-deposit-money-banks-in-nigeria-7-2 >.
ROMEO, OWHONDA. "The Effect Of Fraud On The Performers Of Deposit Money Banks In Nigeria " Mouau.afribary.org (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/the-effect-of-fraud-on-the-performers-of-deposit-money-banks-in-nigeria-7-2