Impact Of Financial Fraud In The Banking Industry (A Study Of Ecobank Nig. Plc)
ABSTRACT
Banking business has always been
associated with some degree of fraud. Fraud therefore, is not a new phenomenon in
banks. They are as old as the industry itself Fraud existed back to the early
stage of the banks in Nigeria when British and Goldsmith who were custodians of
customer's precious metal content to reduce their intrinsic values. During the
colonial era, messengers were known to overstate amounts of taxes, levies,
fines, improved by the white men so that they could withhold the differences.
Fraud began when adequate records were riot kept. At that time fraud was
restricted to defalcation but not now it has come to age that it includes
manipulation and inflation of figures as business and society becomes more
scientific and sophisticated. Fraud has cut deep into the fabrics of the entire
being of Nigeria that it has almost establish itself as a standard practice
among individuals and banks.
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NWAOBILOR, I (2021). Impact Of Financial Fraud In The Banking Industry (A Study Of Ecobank Nig. Plc) . Repository.mouau.edu.ng: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-financial-fraud-in-the-banking-industry-a-study-of-ecobank-nig-plc-7-2
IFEYINWA, NWAOBILOR. "Impact Of Financial Fraud In The Banking Industry (A Study Of Ecobank Nig. Plc) " Repository.mouau.edu.ng. Repository.mouau.edu.ng, 03 Aug. 2021, https://repository.mouau.edu.ng/work/view/impact-of-financial-fraud-in-the-banking-industry-a-study-of-ecobank-nig-plc-7-2. Accessed 26 Nov. 2024.
IFEYINWA, NWAOBILOR. "Impact Of Financial Fraud In The Banking Industry (A Study Of Ecobank Nig. Plc) ". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 03 Aug. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-financial-fraud-in-the-banking-industry-a-study-of-ecobank-nig-plc-7-2 >.
IFEYINWA, NWAOBILOR. "Impact Of Financial Fraud In The Banking Industry (A Study Of Ecobank Nig. Plc) " Repository.mouau.edu.ng (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-financial-fraud-in-the-banking-industry-a-study-of-ecobank-nig-plc-7-2