The Effects Of Bank Fraud In Nigerian Economic Development (21st Century Experience)

Fraud is gradually becoming rampant and a daily occurrence in our banking industry, while the bank management is busy working out means of detecting, checking fraud, the fraudsters on the other end are busy designing new method of circumventing those measures in conjunction with some dishonest bank staff. It should be pointed out that effect destabilizes banks not only that, hinders growth of banks. Hence we have good numbers of banks that were distress, acquired by other banks and merged with other banks in the country in the present 21st century. The study adopted the following theories: Dif…