ATM Fraud in Nigeria: The Way Out
No Thumbnail Available
Date
2011
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Journal of Social Science, A Publication of Department of Anthropology, Sambalpur University, Sambalpur 738 019, Orissa, India
Abstract
The problem of Automated Teller Machine (ATM) frauds is global in nature and its consequences on bank patronage should be of concern to the stakeholders in banks. This paper investigates the dimensions of ATM frauds in Nigeria and proffer solutions that will mitigate the ATM frauds in the Nigerian banking system. The paper employs both primary and secondary data to investigate the ATM frauds in Nigerian banks. The chi-square statistical technique was used to analyze the data and test the hypothesis raised. The paper concludes that both bank customers and bankers have a joint role to play in stopping the perpetrators of ATM frauds in the banks. Card jamming, shoulder surfing and Stolen ATM cards constitute 65.2% of ATM frauds in Nigeria.
Description
Adeoti, J. O. (2011): “ATM Fraud in Nigeria: The Way Out”, Journal of Social Science, A Publication of Department of Anthropology, Sambalpur University, Sambalpur 738 019, Orissa, India, Vol. 27(1), pp. 53 - 58.
Keywords
ATM Fraud, Shoulder Surfing, Plastic Money, Duplicate ATMs