Fraud And Financial Performance Of Banks In Nigeria

Abstract

Incidence of fraud is a global problem affecting the society across all works of life and no person or organisation is immured. This study investigated fraud and financial performance in Nigerian banks for the period 2002 to 2016. Data analysed were sourced from Central Bank of Nigeria (CBN) statistical Bulletin and NDIC annual reports. The result identified the amount involved in fraud (0.3354) to have affected the banking sector performance. The study concluded that fraud is harmful and recommended that there is need for the establishment of adequate internal control system, capacity building and legal framework for fraud prevention.