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

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY The concept fraud is a term known in all works and cranny in Nigeria. Fraud has eating deep into the fabrics of Nigerian society, mostly in this present 21st Century. The only remedy to this ugly situation will be self discipline and honesty among bank staff, otherwise this decadence will persist. What is fraud? Some well read individual have tried to bring the subject home in a better language for easy understanding. Okorie (2000). Defined fraud in his book “Understanding Practical Auditing and Investigation,” as irregularities involving th…