Appraisal Of Internal Control System In The Banking Industry In Nigeria (A Study Of Three Selected Banks In Abia State)
ABSTRACT
The backward
development in Nigeria can be attributed to weakness in the internal control
system of banks. This has clearly pointed out the picture of how fraud has
penetrated into the financial strength of Nigerian banks. In a nut shell, the
damage which this menace called fraud has done to the bank is innumerable and
needs urgent attention. Therefore the attempt to put an end to this economic
degradation, gave rise to the topic of this study "Appraisal of internal
control system in the banking industry in Nigeria" with Ecobank, United
bank for Africa and union bank as a survey of study. However this study is
aimed at verifying the conception that an effective and efficient internal
control system is the best control measure for detecting and preventing fraud,
especially in the banking sector. Data captured for this study were analyzed
through statistical method. The analysis involved the use of percentage
tabulation and chi-square. The issue of fraud detection, prevention and control
inter-relate as the three works together to eliminate fraudulent tendencies.
Therefore internal control is highly significant in banking industry in
Nigeria.
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EJEKE, E (2021). Appraisal Of Internal Control System In The Banking Industry In Nigeria (A Study Of Three Selected Banks In Abia State). Repository.mouau.edu.ng: Retrieved Nov 25, 2024, from https://repository.mouau.edu.ng/work/view/appraisal-of-internal-control-system-in-the-banking-industry-in-nigeria-a-study-of-three-selected-banks-in-abia-state-7-2
EDITH, EJEKE. "Appraisal Of Internal Control System In The Banking Industry In Nigeria (A Study Of Three Selected Banks In Abia State)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 14 Oct. 2021, https://repository.mouau.edu.ng/work/view/appraisal-of-internal-control-system-in-the-banking-industry-in-nigeria-a-study-of-three-selected-banks-in-abia-state-7-2. Accessed 25 Nov. 2024.
EDITH, EJEKE. "Appraisal Of Internal Control System In The Banking Industry In Nigeria (A Study Of Three Selected Banks In Abia State)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 14 Oct. 2021. Web. 25 Nov. 2024. < https://repository.mouau.edu.ng/work/view/appraisal-of-internal-control-system-in-the-banking-industry-in-nigeria-a-study-of-three-selected-banks-in-abia-state-7-2 >.
EDITH, EJEKE. "Appraisal Of Internal Control System In The Banking Industry In Nigeria (A Study Of Three Selected Banks In Abia State)" Repository.mouau.edu.ng (2021). Accessed 25 Nov. 2024. https://repository.mouau.edu.ng/work/view/appraisal-of-internal-control-system-in-the-banking-industry-in-nigeria-a-study-of-three-selected-banks-in-abia-state-7-2