Reputational Risk Impact of Internal Frauds on Bank Customers in Nigeria

Prof Edwin Agwu
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引用次数: 15

Abstract

Fraud in the financial sector is a growing business for fraudsters using  increasingly innovative and creative ways of targeting any perceived  weaknesses in the banks and credit granting systems. Fraudsters have  become ever more sophisticated, which means that fraud prevention  measures need to constantly evolve to ensure they are capable of handling the threat. The fight against fraud is of crucial importance to financial  service institutions. Not only does it affect their business, but it also has a significant impact on consumers in particular and the economy at large.  Using a case study and historical approach and relying heavily on  secondary sources of information, this study among others found a horde of laxity, inconsistencies and knowledge gaps among practitioners, thereby creating loopholes with which the fraudsters commit their nefarious deeds. There is also the absence of the right policy framework and laws to coherently safeguard lenders and borrowers. The study recommends a stiffer control measures within all financial organizations in the country as well as the enactment of enabling laws by the government to checkmate these ugly incidences. Keywords : Internal bank frauds, Forgeries, Internal control, Compliance, Customers
尼日利亚银行内部欺诈对客户声誉风险的影响
金融部门的欺诈是欺诈者越来越多的业务,他们使用越来越创新和创造性的方法来瞄准银行和信贷授予系统的任何明显弱点。欺诈者变得越来越老练,这意味着欺诈预防措施需要不断发展,以确保他们能够应对威胁。打击欺诈对金融服务机构至关重要。这不仅会影响他们的业务,还会对消费者和整个经济产生重大影响。使用案例研究和历史方法,并严重依赖二手信息来源,本研究发现从业人员之间存在大量宽松,不一致和知识差距,从而造成漏洞,使欺诈者实施他们的邪恶行为。此外,还缺乏正确的政策框架和法律,以一致地保护贷款人和借款人。该研究建议在该国所有金融机构中采取更严格的控制措施,并由政府制定法律来制止这些丑恶的事件。关键词:银行内部欺诈,伪造,内部控制,合规,客户
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