Banking Fraud And Its Effects On Nigeria Economy

CHAPTER ONE INTRODUCTION 1.1: BACKGROUND OF THE STUDY The significance of the banking sector in any country stems from its role of financial mobilization from surplus to deficit unit, provision of a competent payment system and facilitation of the implementation of monetary policies. In intermediation, banks mobilize savings from the surplus units of the economy and channel these funds to the deficit unit, particularly private business enterprises, for the purposes of expanding their productive capacity. The banking sector has become one of the most critical sectors in the ec…