Growth of Bank Frauds and its Impact on the Nigerian Banking Industry

Abstract :

This paper examines the issues of increased rate of bank fraud in the Nigerian Banking Industry, secondary data that span from 2001 to 2014 was employed to measure variables such as Return On Asset (ROA), Total amount involved in the banking fraud (TAI), Number of fraud cases (NOC), and Number of staff involved (NSI). The data was analyzed using the multiple regression technique. The result showed a negative relationship between ROA and both TAI and NSI while only NOC showed a positive relationship. Hence it was recommended amongst others that there should be effective and sound internal control system in banks.