Fraud is generally defined as a criminal deception deliberately practiced
to gain unlawful or unfair advantage to the detriment of others. Thus, Bank
fraud refers to criminal deception, the use of false representations to gain
unjust financial advantage. This event usually leaves a client in the image of
the bank and the staff on one hand and sorrow to the affected account holder
on the hand The tension that is brought to bear on the staffers of the is best
imagined than exposed.
Fraud and forgeries is on the increase in the banks in Nigeria. Any
alteration of a written document made with intent to defraud is deemed to be
forgery.
The growing incidence of frauds and forgeries in the banking industry
should be of intense concern not only because this unhealthy development
undermines the safety, soundness and stability of the industry, but also that
it can and does precipitate bank failures and also erode public confidence in
banks, especially in a developing banking environment.
In order to restore confidence in the banking system, it should be noted
that recruitment of honest and dedicated staff should be of paramount
importance to the industry and should not be compromised. The personnel
should be of proven integrity and have capabilities commensurate with their
responsibilities. The role of training and retraining need not be overemphasized.
Curiously, the growing awareness of these consequences
appears to have been matched within statement.
The study is divided into five chapters. The first chapter is the
introductory followed by chapter two which is the review of related literature.
Chapter three contain the methodology that was used. Chapter four has the
data presentation and analysis and chapter five gives the summary, conclusion
and recommendations.
