ABSTRACT
In summary, the aim of conducting this research work is to investigate into the causes of the alaming rate of bank fraud in Nigeria, identify the effects, and suggest possible solutions towards achieving fraud free banking in Nigeria.
Accordingly the acts which constitute fraud are inexhaustible. But prominent among them is forgery. Generally, employees, all have the fraudulent practices. However, untrained staff and those bank staff who now occupy top positions through experienced have a lion share of defrauding banks, when verified with any known bank fraud.
The major cause of fraud is frustration. However, numerous financial commitments were the constraints inhibiting promotion and reward.
Most of the frauds that went undetected, were the architects of dishonest staff.
Frequency of fraud in banks is on the average the hardly would a fraud succeed without a bank staff.
Therefore, effective supervision is the bedrock for solution. Fraud may result in the loss of confidence by the public a decade, bankers resist at all times, and it has no correlation to a particular section of the banks.
However, a situation where gold watches are usually given, is inadequate for fraud vigilance.
