Fraud Management In The Nigerian Banking Industry

CHAPTER ONE INTRODUCTION 1.1 Background to the Study The level of fraud in the present day Nigeria has assumed an epidemic dimension. It has eaten deep into every aspect of our life to the extent that a three old child talks about yahoo mail or 419, newly discovered sobriquet for advanced free fraud that is hunting our banking industry. Nigeria, with all of its natural and human resources tethers on the brink of destruction because of fraud. Much of what we do is “cutting leaves” instead of dealing with the root problem. Generally, fraud takes its roots from the human heart. It is an axiom th…