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AUTHOR(S): Folowosele F.A., Ikpefan O.A
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TITLE Electronic Fraud: An emerging cause of Bank Failure in nigerian deposit money Banks |
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ABSTRACT The study reviewed the degree to which fraud and other unethical practices especially in the digital space have affected the Nigerian banking industry both in the past and present, and how it will be a growing concern in the imminent future. The objective of the study was to examine the impact of electronic fraud on the quality of assets and return on assets of Nigerian deposit money banks. The causal/descriptive research design was adopted for the study. The research used secondary data for the periods 2006 till 2018 which were collected from the Nigeria Deposit Insurance Corporation (NDIC) annual reports. Descriptive analysis and ordinary least square method of regression analysis were used for data analysis. Findings revealed that electronic fraud cases increased progressively over most of the years of study, which can be attributed to the increased bank products that are electronic based. The researchers, therefore, recommend amongst others that when new products are introduced, there should be proper test for efficiency. Limits should also be placed on transactions that can be done per time pending when the product is fully developed and incorporated |
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KEYWORDS Electronic Fraud, Nigerian Deposit Money Banks, Bank Failure, Return on Assets, Quality of Assets. |
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Cite this paper Folowosele F.A., Ikpefan O.A. (2021) Electronic Fraud: An emerging cause of Bank Failure in nigerian deposit money Banks. International Journal of Economics and Management Systems, 6, 340-356 |
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