Internal Control System As A Means Of Preventing Fraud In Nigeria Financial Institution

(A CASE STUDY OF FIRST BANK OF NIGERIA PLC ONITSHA) 1.0     INRODUCTION           BACKGROUND OF THE STUDY                 It is feared that the inability of management to ensure effective enforcement to rules and regulation have rendered that operation of internal control system s the Banking industry open to abuse. The net effect could be that every one carries out his schedule off duties in any manner he likes which consequently gives those wishing to commit  fraud their long expected golden opportunity.           Prior to 1952, there was no form of Banking art or ordinance to regulate the e…