ABSTRACT
This research addresses some fundamental issues on fraud control and management in Nigerian Bank. A background introduction, meaning and types of frauds, causes (institutional or internal causes and external or environment causes), an insight into the current trends of fraud in the Banking industry an overview of the ability of recognizing fraud, the impact of fraud on bank and the society at large, an understanding of how banks can control and manage fraud. The work gathered data from sixty (60) questionnaire administered on wema Bank Ado Branch and Zenith Bank, Ado Branch, fifty three (53) were satisfactorily returned, the study employs clu- square technique to test four (4) hypotheses constructed for this study at 5% significant level of confidence. Using table and percentage as supporting tools.
The study base on the analyzed data established that fraud and forgeries in Nigerian Banks can be controlled and managed; and provides suggestion that can aids its control and management. It also established that age of managers is of great importance in the control and management of fraud. While the study also established that the use of seminars and workshop should be encouraged, it disproves the establishment of investigation and audit department in banks and suggested that further research should be conducted on how good this department could help in regard to fraud.
The study, however, concludes by drawing attention to, and suggesting areas for further study on frauds control and management in Nigerian Banks. This suggestion for further study includes; an examination of individual fraud prevalent on Banks on a closer detail to explore into the future to know some potential fraud that may emerge in the nearest future with a view of suggesting areas that demand closer watch and to give a preventive strategy and control measures against future potential frauds.
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