APPRAISAL OF INTERNAL CONTROL SYSTEM AS A MEANS OF PREVENTING FRAUD IN NIGERIA FINANCIAL INSTITUTIONS A CASE STUDY OF FIRST BANK OF NIGERIA PLC ONITSHA

  • Type: Project
  • Department: Banking and Finance
  • Project ID: BFN1084
  • Access Fee: ₦5,000 ($14)
  • Pages: 142 Pages
  • Format: Microsoft Word
  • Views: 1.4K
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853
ABSTRACT 

This research work was on the appraisal of internal control system as a means of preventing fraud in Nigerian Financial Institutions. 
However for a more detailed study a case study was carried on First Bank Plc Onitsha Head Office.  The bank understudy was selected by simple random sampling. 
This study was necessitated because of the Increasing wave of Bank fraud in Nigerian in recent times as reported by the Nigerian dailies.  Therefore the need to investigate these reports and if confirmed, a financial institution and to what extent the application of an effective internal control system can go to help matters. 
All aspects of this work is very relevant in one way or the other to the Nigeria Banking Industry, as a whole, and for those who may be interested in carrying out further study in this topic.
The research design is the survey approach that is the cross sectional survey type of descriptive research which requires the selection of respondents from a population.  The population of the study is made up of the Senior Officer of the Bank under study who has worked in the Bank for more than five years. 
In determining the sample size Bowleys formulars on sampling was used while the allocation of questionnaires to the bank was done randomly. 
Also data were collected through primary and secondary sources, the primary sources of data are mainly through personal interviews and distribution of questionnaires while the secondary source include Books, Journals, Newspapers and Magazines. 
The method of statically analysis includes the use tables, percentage analysis and logical deductions while the significant tests of two means was used in testing the hypothesis.
From my finding, it was ascertained that Banks have the best internal control system in Nigeria.  The internal control system is both adequate and effective, although more operative improvement and reviews is vital.  The Management of Bank should be at alert so as to close any loophole that may arise in their internal control system.  Also it was discovered that the major cause of fraud is the employment of dishonest staff.  The fore staff qualities like integrity should be ascertained before employment.  There should be an increased enlightens on the legal implications of fraud among other.



TABLE OF CONTENT 

Title Page
Certification
Dedication
Acknowledgement
Abstract
Content

CHAPTER I
1.1Introduction
1.2An Overview of First Bank Plc
1.3Statement of Problem
1.4Objective of the Study
1.5Statement of Hypothesis
1.6Research Question
1.7Significance of the Study
1.8Scope and Limitation of the Study
1.9Reference/ Note
1.10Definition of Terms

CHAPTER II
2.0Review of related Literature
2.1Definition of Fraud
2.2Types and Causes of Bank Fraud
2.3Concept and definition of Internal Control
2.4Types of Controls
2.5Internal Control system In financial Institution (First Bank Plc)
2.6Internal Control measures for controlling Fraud in Financial Institution.
2.7Expected Qualities of a Bank staff for Effective Internal control system.
2.8Computers and Internal Control System
2.9Reference / Note.

CHAPTER III
3.0Research Decision and Methodology.
3.1Methods of data Collection
3.2The Research Population
3.3The Sample Technique
3.4The Sample Size
3.5The Statistical tools used.

CHAPTER IV
4.0Data presentation and Analysis

CHAPTER V
5.0Findings, Recommendation and Conclusion
5.1Discussion of Findings
5.2Recommendation
5.3Conclusion
5.4Bibliography

APPRAISAL OF INTERNAL CONTROL SYSTEM AS A MEANS OF PREVENTING FRAUD IN NIGERIA FINANCIAL INSTITUTIONS A CASE STUDY OF FIRST BANK OF NIGERIA PLC ONITSHA
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Banking and Finance
  • Project ID: BFN1084
  • Access Fee: ₦5,000 ($14)
  • Pages: 142 Pages
  • Format: Microsoft Word
  • Views: 1.4K
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Banking and Finance
    Project ID BFN1084
    Fee ₦5,000 ($14)
    No of Pages 142 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT  This research work was on the internal control system as a means of preventing fraud in  Nigerian Financial Institutions.  However for a more detailed study a case study was carried on First Bank Plc Onitsha Head Office.  The bank understudy was selected by simple random sampling.  This study was necessitated because of the... Continue Reading
    ABSTRACT This research work was on the internal control system as a means of preventing fraud in Nigerian Financial Institutions. However for a more detailed study a case study was carried on First Bank Plc Onitsha Head Office. The bank understudy was selected by simple random sampling. This study was necessitated because of the Increasing wave of... Continue Reading
    ABSTRACT  This research work was on the appraisal of internal control system as a means of preventing fraud in Nigerian Financial Institutions.  However for a more detailed study a case study was carried on First Bank Plc Onitsha Head Office.  The bank understudy was selected by simple random sampling.  This study was necessitated because of... Continue Reading
    INTRODUCTIONS 1.1 BACKGROUND OF THE STUDY By studying the internal controls an organizations strength and weakness can be revealed where internal controls are strong auditors would require testing the financial figures less. Adequate internal control will provide for extensive segregation of duties so that no one person handles a transaction from... Continue Reading
    INTRODUCTIONS 1.1BACKGROUND OF THE STUDY By studying the internal controls an organizations strength and weakness can be revealed where internal controls are strong auditors would require testing the financial figures less.  Adequate internal control will provide for extensive segregation of duties so that no one person handles a transaction from... Continue Reading
    A CASE STUDY OF FIRST BANK OF NIGERIAN PLC ONITSHA ABSTRACT This research work was on the internal control system as a means of preventing fraud in  Nigerian Financial Institutions.           However for a more detailed study a case study was... Continue Reading
    (A CASE STUDY OF FIRST BANK OF NIGERIA PLC ONITSHA) 1.0     INRODUCTION           BACKGROUND OF THE STUDY                 It is feared that the inability of management to ensure effective enforcement to rules and regulation have... Continue Reading
    A Case Study of First Bank of Nigeria Plc  ABSTRACT The focus of this work is to examine the importance of controlling fraud internally in financial institution through some tactic measures, a case study of First Bank of Nigeria Plc, Benin. Fraud in financial... Continue Reading
    INTERNAL CONTROL SYSTEM AS A MEANS OF PREVENTING FRAUD IN FINANCIAL INSTITUTION A Case Study of First Bank of Nigeria Plc ABSTRACT The focus of this work is to examine the importance of controlling fraud internally in financial institution through some tactic measures, a case study of First Bank of Nigeria Plc, Benin. Fraud in financial... Continue Reading
    PROPOSAL 1.1     INTRODUCTION           In banking, Accounting and auditing internal control is defined as a process effected by an organization structure, work and authority flows, people and management information system designed to help the banking accomplish specific goals or objectives.           It is a mean by which... Continue Reading
    Call Us
    whatsappWhatsApp Us