Impact of fraud on organizational profitability: A study of selected Banks in Nigeria

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dc.contributor.authorAdeoti, J.O
dc.contributor.authorKadiri, I.B.
dc.contributor.authorOlawale, Y.A.
dc.date.accessioned2018-05-23T12:24:41Z
dc.date.available2018-05-23T12:24:41Z
dc.date.issued2015-06-01
dc.description.abstractThe development in the banking industry over the years have resulted into complex and diverse situations. The traditional banking era have been replaced with the modern methods due to the emergence of Information and Communication Technology (ICT). These developments have also influenced the practices as well as the nature of work in the industry. However, as new technologies were developed new method of defrauding and fraudulent acts were often perpetrated by customers as well as bank staffs. This paper therefore seeks to examine the impact of fraud on organisational profitability. Fraud and fraudulent activities pose a significant problem to the banking industry in Nigeria. Multiple regression analysis was used to examine the impact of fraud on organisational profitability in Nigeria selected banks. Detailed questionnaire were used to obtain the required information from the respondents. However, due to the stringent measures adopted by the regulatory body to tackle the menace of fraud and fraudulent activities, there was a significant decrease between 2006 and 201. The paper concluded that fraud and fraudulent activities inflicts severe financial difficulties on banks and their customers. They reduce the amount of money available for the development of the organisation. the study recommended that banks in Nigeria need to strengthen their internal control system and the regulatory bodies should improve their supervisory role in order to check and curtail the incidence of fraud and fraudulent activities in Nigeria banking industry.en_US
dc.description.sponsorshipSelf Sponsoreden_US
dc.identifier.urihttp://hdl.handle.net/123456789/289
dc.language.isoenen_US
dc.publisherIlorin journal of marketingen_US
dc.subjectOrganizational,en_US
dc.subjectProfitability,en_US
dc.subjectFrauden_US
dc.subjectBanken_US
dc.titleImpact of fraud on organizational profitability: A study of selected Banks in Nigeriaen_US
dc.typeArticleen_US

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