Effect of Electronic Fraud on Customer Account in Deposit Money Bank in Nigeria

Student: Elizabeth omonike aderibigbe (Project, 2025)
Department of Banking and Finance
Kaduna Polytechnic, Kaduna

Abstract

Abstract This research is a detailed evaluation of the effect of electronic fraud on customer account in money deposit banks in Nigeria. And it’s aimed at identifying the various causes of electronic frauds and to examine the various ways employed by money deposit banks to control electronic frauds. The total population is comprised of forty-five (45) and the sample size is forty (40). To aid this study, questionnaire were filled and returned for analysis. The data obtained were analyzed using simple percentage and tables. Findings further reveal that internal fraud is the major type of electronic banking frauds existing in the money deposit banks in Nigeria. Recommendations advanced that staff of money deposit banks in Nigeria still needs to have adequate knowledge of electronic banking in order to detect electronic frauds at earlier stage. Banks need to design proper customer identification and verification techniques. They also need to develop audit traits and conduct periodic compliance review frame policies and procedures to spot and report suspicious activities.

Keywords
effect electronic fraud customer account deposit money nigeria
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