The Detection And Prevention Of Financial Fraud In Nigeria Banking System

ABSTRACT Detection and prevention of financial fraud in Nigeria banking system. The dictionary meaning of fraud by penny means unlawful act, unfair advantage such as deception to the deferment of another. In banking system, financial fraud is also referred as a deliberate within or outside the banking system to cheat, deceive windle or manipulation in order to disposes the bank deposition or shareholders of their funds. Banks deal essentially in cash and financial instrument and other document which are of negotiable or very transferable in nature. This makes the bank very vulnerable to intern…