Journal‚ Ethiopia Vol. 4 (3b) July‚ 2010 ISSN 1994-9057 (Print) ISSN 2070-0083 (Online) Fraud and Fraudulent Practices in Nigeria Banking Industry (Pp. 240-256) Owolabi‚ S. A. - Accounting Department‚ Babcock University‚ Nigeria E-mail: emilagab05@yahoo.com Abstract The paper reviews the various forms of fraudulent practice their impact and inducement for various reforms in banking industry. It also mentions various legislations targeted at reducing fraud and introducing some forms of control and reporting
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Today’s business environment is very dynamic and undergoes rapid changes as a result of technological innovation‚ increased awareness and demands from customers. Business organisations‚ especially the banking industry of the 21st century operates in a complex and competitive environment characterized by these changing conditions and highly unpredictable economic climate. Information and Communication Technology (ICT) is at the centre of this global change curve. Laudon and Laudon‚ (1991) contend
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THE LEGAL FRAMEWORK OF NON-INTEREST BANKING IN NIGERIA BY AISHA‚ MAHMOUD H. DEPARTMENT OF ACCOUNTING AHMADU BELLO UNIVERSITY‚ ZARIA AND OMOLOLA‚ ADEGBENGA O. DEPARTMENT OF ACCOUNTING AHMADU BELLO UNIVERSITY‚ ZARIA DECEMBER‚ 2012 Abstract A Central Bank (CB) in any economy is regarded as the apex regulatory institution of the Banking Sector and indeed the entire financial system. This is in view of the fact that it is empowered by law to (amongst others functions)
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INTRODUCTION Banking reforms have been an on going phenomenon around the world right from the 1980s‚ but it is more intensified in recent time because of the impact of globalisation which is precipitated by continuous integration of the world market and economies. Banking reforms involve several elements that are unique to each country based on historical‚ economic and institutional imperatives. In Nigeria‚ the reforms in the banking sector preceded against the backdrop of banking crisis due
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a). According to the information in the case‚ do you think the bank satisfied the requirement to two-factor authentication? Generally‚ Two-factor authentication requires two forms of authentication (Panko‚ 117). For example most of the online banking today requires you to login with username/password and also identify security key or security image as additional key. According to the Federal Financial Institution Examination Council 2005 required bank to use at least two-factor authentication
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people are using the internet on the world. People can use the internet to communicate with the other from all over the world‚ business can do their work over the internet‚ and student can take a class online. Internet is allowing people have more conveniences on their live. It is become one of the most important technological innovations in human history. Does the internet always make people to be advantageously? The answer will now be explored. Here are some major of the internet. One‚ from the number
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CHAPTER THREE RESEARCH METHODOLOGY 3.1 AREA OF STUDY The area of study o this research work is to determine the effect of monetary policy on the performance of banks in Nigeria. This study will cover all the commercial banks that have been in existence since 1975-2004. More so‚ the aggregates rate is used in assessing their performance. 3.2 METHOD OF INVESTIGATION/SOURCE OF INFORMATION According to Asika (2002)‚ research work can be defined as the restructuring of investigation aimed at identifying
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Internet in the Learning Environment The internet has changed the way humans live now days. It has transformed the way we communicate‚ share information‚ and most important of all the approach in the way learners learn. Back in the old days‚ we used to request peoples address in order to be able to send them letters and stay in touch with them. Now we request people’s e-mail address because it is a faster and more convenient way of staying in contact with many people from around the world. We use
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is may be seen as applicable only to industries that provide tangible goods‚ such as iPads or pharmaceutical drugs‚ are nevertheless relevant to a service-based industry like investment banking. First‚ I will define marketing strategy and briefly describe its various elements. Next‚ I will define investment banking and give a brief description of the various services provided. Finally‚ I will explain how understanding marketing strategy provides additional rigor and insight to an investment banker’s
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why even ask about ethics and ethical values on the Web? Because‚ it really does affect you and your business! Read the information above. Business Ethics The Internet is a growing and a continually evolving creature that will live on in perpetuity. As such‚ it would be wise to ponder the various e business legal and Internet marketing ethical issues of both B2B and B2C business practices online. Whatever is written and published online today will likely be there tomorrow and possibly be recoverable
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