Economics of Fraud and Foregery in Deposit Money Banks in Ilorin Metropolis , Nigeria
Loading...
Date
2024-06-15
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
FUDMA Journal of Faculty of Management Sciences, Federal University, Dustin-Ma, Katsina State
Abstract
This paper investigates the relationship between attitudinal factors and product services or technologies responsible for fraud and forgery in bank operations and transactions for banking public. The research design is a case study and uses survey and descriptive approach. A structured questionnaire was used for data collection and a simple random sampling technique was employed to draw 10 deposit money banks out of 14 deposit money banks in Ilorin metropolis that constituted the population frame for the study. A total number of 100 respondents made of both bank staff and customers of the banks were randomly drawn from 10 deposit money banks that constituted the sample frame. Descriptive statistics, Pearson Product Moment Correlation Coefficient, t- test statistics and coefficient of variation were used investigate the level of variability and strength of association between the attitudinal factors and product services/technologies. From the hypotheses testing, the difference in the means of the variables using Pearson Product Moment Correlation coefficient and t- test statistics showed that t-test value was statistically significant (t-test value =7.515) and correlation coefficient was (r = 0.242). The result reveals that there was a weak linear relationship between the variables. However, both the attitudinal factors and product services/technologies induced fraudulent practices in the banking industry. It was concluded that the hypothesized attitudinal factors have domineering influence in stimulating and inducing frauds and fraudulent practices in the industry than the product services or technologies. The study recommended that bank staff must be trained and retrained on frauds /forgeries prevention. Keywords: Banking, fraud, forgery, attitudinal factors, product services and technologies Introduction
Description
Survey Research Design
Keywords
Citation
Shitu, A. M. and Lawal, T. (2024)