Analysis of the Causes and Measures of Curbing Fraud in...

ANALYSIS OF THE CAUSES AND MEASURES OF CURBING FRAUD IN THE BANKING SECTOR. BY ESSIEN NSIKAK U. A RESEARCH PROJECT SUBMITED TO THE DEPARTMENT OF ACCOUNTING, COLLEGE OF BUSINESS AND SOCIAL SCIENCES, COVENANT UNIVERSITY, OTA. IN PARTIAL FULFILMENT OF THE REQUIREMENT FOR THE AWARD OF BACHELOR OF SCIENCE (B.sc) DEGREE IN ACCOUNTING. CERTIFICATION I certify that this project titled â€Å"The Analysis of the causes and measures of curbing fraud in the banking sector† was carried out by ESSIEN, Nsikak U. (05AA01752) under my supervision and is found to be adequate in scope for the requirement of a Bachelor of Science Degree in Accounting. _________________________ ______________________ MRS.†¦show more content†¦Finally, it was recommended that The bank s control system should be of high priority both at management and operational levels, the regulatory authorities have a responsibility of exposing staff to the dynamics of modern day banking operations, The level of punishment meted out to fraudsters is not commensurate enough to deter others from committing such crimes in the future. The penalties already in place should be reviewed. In this regard, a Nigerian version of the Sarbanes Oxley act must be enacted and since the most important resource of any organization is the human resource, there must be a standard audit department staffed with the best material in terms of knowledge, experience, human relations, integrity, dedication and commitment to the success of the bank. TABLE OF CONTENTS Title page............................................................................................................I Certification........................................................................................................II Dedication..........................................................................................................III Abstract...............................................................................................................IV Acknowledgements.............................................................................................V Table ofShow MoreRelatedThe Data Analysis, Finding, Discussion2671 Words   |  11 Pages CHAPTER FOUR DATA ANALYSIS, FINDING, DISCUSSION INTRODUCTION This chapter presents an analysis of data collected from researchers’ study with the aid of the study’s questionnaires and interview done by them in the past. The result of the study had been presented according to the objectives of this research. Data collected were compared with the systems of internal controls prescribed by the management of the organization using related literature as basis of data analysis and discussion of theRead MoreFunctions Of Effective Internal Control System10241 Words   |  41 Pagescomplex financial system that supplies the money and credit needs of the economy. The unique characteristic of a commercial bank is that it also creates money, and it is this particular feature of the commercial banks which distinguishes them from non-banking financial institution. Banks’ ability to promote growth and development depends on the extent to which financial transactions are conducted with trust and less risk. If the foundation on which a bank(s) are built lack institutional, government andRead MoreThe Economic Growth Of India Essay4047 Words   |  17 Pagescountry with efficient financial sectors and markets. HISTORICAL EVOLUTION OF FINANCIAL MARKET The financial system of the country is the outcome of its own peculiar historical evolution. The continuous interaction between the players of the financial system and public policy interventions has given birth to the evolution of the financial system. India began with the Central Bank and Reserve Bank of India and entrusted upon them the duty of regulating the banking sectors, Ministry of finance were givenRead MoreThe Financial System in Nigeria6376 Words   |  26 PagesFinancial System in Nigeria: An Overview of Banking Sector Reforms The Financial System in Nigeria: An Overview of Banking Sector Reforms E. J. Ofanson (Ph.D)1 O. M. Aigbokhaevbolo (Ph.D)2 G. O. Enabulu3 Abstract The paper overviews the banking sector reforms within the framework of the Nigerian Financial System. A theoretical approach was adopted although empirical evidence was presented in some cases. It was clear that developments in the banking sub-sector of the Nigerian financial system have contributedRead MoreMoney Laundering13123 Words   |  53 PagesMONEY LAUNDERING IN THE BANKING SECTOR TABLE OF CONTENS 1. | MONEY LAUNDERING – the concept An organized crime Why it is done | 2. | Stages and Process Of Money Laundering | 3. | Vulnerability of the Financial System to Money Laundering | 4. | Banking Sector: Medium, Regulator And Cause | 5. | Private Banking And Money Laundering: | 6Read MoreNpa in Banks17095 Words   |  69 PagesTOPIC PAGE NO. 1. DECLARATION FORM 3 2. ACKNOWLEDGEMENT 4 3. ABSTRACT 6 4. INTRODUCTION †¢ What is NPA †¢ Basel norm I †¢ Evolution of NPAs 8 – 12 5. LITERATURE REVIEW †¢ Banking theory –history and banking system †¢ Banking composition †¢ Banking today and tomorrow 13- 33 6. COCEPTUAL ANALYSIS †¢ Indian banking system †¢ The problem of non performing assets †¢ Reasons for turning an asset in NPA †¢ Trend in NPAs 34 – 52 7. FINDINGS AND CONCLUSIONS †¢ Impact of NPAs †¢ DifficultiesRead MoreConceptual and Theoretical Understanding of Corruption in Nigeria5316 Words   |  22 PagesPolitical Science, P. O. Box 2006 OAU Ile-Ife, Nigeria. Email: goldefc2all@yahoo.co.uk. Tel: +2348062698441 ABSTRACT The paper discusses theoretical perspectives of corruption, its causes, forms, pattern that it has taken and devices used to manipulate the 2003 election by some politicians in Nigeria. To properly ascertain the cause and effects of corruption in Nigeria, the paper examines and discusses some sociological theories that help to explain the trend of corruption as well as policy options to curtailRead MoreAn Assessment of the Impact of Corporate Social Responsibility on Nigerian Society: the Examples of Banking and Communication Industries18990 Words   |  76 PagesAvailable online http://www.universalresearchjournals.org/ujmbr Copyright  © 2012 Transnational Research Journals Full Length Research Paper An assessment of the impact of corporate social responsibility on Nigerian society: The examples of banking and communication industries Adeyanju, Olanrewaju David Department of Financial Studies Redeemer’s University, km 46, Lagos Ibadan Expressway Mowe, Ogun State E-mail: davfol@yahoo.com, Tel No.: 07037794073 Accepted 30 January, 2012 In the NigerianRead MoreCorporate Governance and Auditors14709 Words   |  59 Pagescommunity. This is already evidence of stability coupled with an increase in industrial capacity utilization since the adoption of multi currency in February 2009.stability is projected to spur growth in the financial, manufacturing and other sectors of the economy. However liquidity remains a challenge thereby lending and profitability, which impact on recapitalization of the economy. The research is of the view that under the aforementioned scene, proper corporate governance structures areRead More Ethical Analysis of Online Gambling Essays3811 Words   |  16 PagesEthical Analysis of Online Gambling Introduction Open up your email over a long weekend and you’ll likely find a plethora of online casino advertisements. â€Å"Welcome Bonus up to $150 free!† Ask the traditional land based casino gambler on whether he would gamble online and his first reaction would likely be â€Å"Are you nuts?† When gambling at land based casinos, games are likely to be fair because the consequences of cheating by casino operators are disastrous. Casinos found to offer rigged

An Analysis Of Alice Walker And Pablo Picasso s Art

Every author using the setting of their stories the influences their writing making it different from another authors. An author will use religion, living conditions, economic status or other determinants influence how the reader feelings when reading their stories. Alice Walker and Stephen Dixon both use the setting in totally different ways to change their writing. An author will build up their story using the setting molding and shaping it into their own masterpiece. Writing is an art and you can tell a huge difference between Van Gogh’s and Pablo Picasso’s art just as much as you can tell a difference in Stephen Dixon’s and Alice Walker’s writings. I’m going to be comparing these two writers in the ways their use the setting to influence their writing to make themselves the unique author they are through their writing. Stephen Dixon writes in ways showing a lot to do with the setting. In his first story, â€Å"14 Stories† he writes a lot about the setting. He makes the hotel seem very rough and run down and most likely not in the best part of the city. Also, the living conditions in this hotel do not sound like a very nice 5-star hotel either. The chambermaid hears the sound of a gunshot and discusses how there had been and suicide in the hotel last month and a year before that. Also the economic status of the neighborhood that this hotel is in also doesn’t sound the best, they talk about the druggies living in the streets. This story all around doesn’t have aShow MoreRelatedStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesNikki Ayana Jones Senior Managing Editor: Judy Leale Production Project Manager: Becca Groves Senior Operations Supervisor: Arnold Vila Operations Specialist: Cathleen Petersen Senior Art Director: Janet Slowik Art Director: Kenny Beck Text and Cover Designer: Wanda Espana OB Poll Graphics: Electra Graphics Cover Art: honey comb and a bee working / Shutterstock / LilKar Sr. Media Project Manager, Editorial: Denise Vaughn Media Project Manager, Production: Lisa Rinaldi Full-Service Project Management:

The Turn Of The Screw - 1265 Words

Henry James’ The Turn of the Screw has been described as one of the best ghost stories of all time. However, there is clear evidence that the main character, the governess, suffers from delusions. The strange events that occur throughout the story happen in the estate of Bly. The anomalies, described as horrors or ghosts, only come to light after the governess arrives. These events are due to creations of the governess mind, her controlling intent to protect and overrule the children, and her unstable mental state. In this way, her thoughts and her actions are the cause of the strange events at Bly. Douglas, the narrator, presents the book in the introduction involving two children to be another turn of the screw. This concept paints a†¦show more content†¦Every time the governess is conflicted, her mind turns and is unstable. Even before Miles arrives at Bly, the governess questions his demeanor and is paranoid about his reason for dismissal from school. She assumes that he has done something evil and that he s an injury to others. (page 10). Mrs. Grose tries to persuade her that he wouldn t be that way. However, she is yet unsure of Miles character and further discusses him with Mrs. Grose. The governess is still concerned about Miles wrongful ways, but when questioned if she s afraid of him, she gave way for the time to the apprehension of ridicule. (page 12). It is her paranoia that opens the door for negative thoughts and images to enter her mind. The governess becomes overwhelmed with taking charge of all the affairs of Bly. Her anxiety increases when Miles returns home after being expelled from school. The governess is left to make significant decisions without any assistance from her employer which begins her path of feeling disturbed. Her job involves being a parent to the children and this task tests her mental capacity. She feels unfit and awkward about being in charge, by announcing that â€Å"I was, strangely, at the helm!† (page 9). Being new to the job, she faces several tasks that make her feel anxious. The governess has no experience in making decisions of this scale. The governess is a proud, protective, boastful woman who wants to prove she can be in charge of Bly. AfterShow MoreRelatedThe Turn Of The Screw1443 Words   |  6 PagesHenry James’ The Turn of the Screw is an ambivalent novella, well-known for it’s disputable contents. The central character, known simply as the governess, is one that can be considered an unreliable narrator. She has experienced many interesting yet unusual encounters that can lead to a variety of interpretations regarding what’s actually taking place in the story. With all factors taken into account, it’s most plausible to assume that the governess is a victim of what appears to be a mental disorderRead MoreThe Turn of the Screw1300 Words   |  6 Pages Henry James novel The Turn of the Screw is twofold. In the first chapter, the story begins at a Christmas party where guests hear the governess tale of fright and fight. This story is referred to as â€Å"two turns† of the screw by an anonymous guest at the Christmas party because the reader asks if they want to hear a story about two children instead of only one (3). In the governess account, it tells about her duty as caretaker of two wealthy children, Flora and Miles, who live at Bly, a large estateRead MoreThe Turn Of The Screw2222 Words   |  9 PagesHenry James’s The Turn of the Screw has led to a great deal of discussion and analysis from scholars and students for over fifty years. James’s novella is a ghost story that is mostly told through the perspective of a young woman, a Governess, who is put in charge of taking care of two children, Miles and Flora, at an estate in Bly. The Governess adores the two children and considers them both charming, beautiful, and perfect, which is understandable given that Miles and Flora are portrayed as wellRead More The Turn of the Screw Essays1329 Words   |  6 PagesLove Between the Classes: An Analysis of Social Status Violation in The Turn of the Screw A Marxist reading of The Turn of the Screw by Henry James brings to light how social status differences and above all how the violation of these distinctions affect the story. The relationship between the governess and Miles is a clear example of this kind of transgression. As an unnamed character, the governess has an indefinite social status. She is neither an upper-class lady nor a simple servant. MoreoverRead More Turn of the screw Essay2734 Words   |  11 Pages â€Å"The Turn of the Screw† Henry James, the famous author of ‘The Turn of the Screw’ was born on April 15, 1843 to his wealthy parents Henry James and Mary Walsh. His father, also called Henry James, was an Irish immigrant and by the time his own children were born he had inherited a lot of money from his father; and at this time Henry James senior and his family were living in New York. Henry James author of ‘The Turn Of The Screw’ was one of five children and had an older brother William who wasRead More The Turn of the Screw Essay1076 Words   |  5 PagesThe Turn of the Screw I must take my horrid plunge from the opening line sets the tone of the passage. The novels gothic form is revealed very early on in the passage. There is a distinctive differentiation between horror and terror derived from the studies of Radcliffe. Terror is when one induces to action and horror is when one is powerless and freezes as a result of it. The Governess horrid plunge is a forced action, as she is powerless to combat the supernatural forcesRead MoreEnn315-Turn of the Screw2040 Words   |  9 Pages‘The Turn of the Screw is essentially an ambivalent text. Its narrative prompts divergent, even opposite readings, but does not reconcile them. What happens remains irrevocably uncertain’ James uses the prologue to the novel to introduce the themes with in this Novella but more importantly he encourages the readers to be active in reading between the lines , and not to accept what is said at face value , James achieves this by surrounding Douglass with a group of people who are clearly andRead MoreEnn315-Turn of the Screw2028 Words   |  9 Pages‘The Turn of the Screw is essentially an ambivalent text. Its narrative prompts divergent, even opposite readings, but does not reconcile them. What happens remains irrevocably uncertain’ James uses the prologue to the novel to introduce the themes with in this Novella but more importantly he encourages the readers to be active in reading between the lines , and not to accept what is said at face value , James achieves this by surrounding Douglass with a group of people who are clearly and intentlyRead MoreThe Governess in The Turn of the Screw Essay1110 Words   |  5 PagesOne of the most critically discussed works in twentieth-century American literature, The Turn of the Screw has inspired a variety of critical interpretations since its publication in 1898. Until 1934, the book was considered a traditional ghost story. Edmund Wilson, however, soon challenged that view with his assertions that The Turn of the Screw is a psychological study of the unstable governess whose visions of ghosts are merely delusions. Wilson’s essay initiated a critical debate concerning theRead MoreTurn of the Screw, Historicism Approach1330 Words   |  6 Pageswork, and how do t hese influences complicate the meaning of the work as a whole ? - Regarding The Turn of The Screw. The Victorian era consisted of moralistic, prudish ideals, a sexist point of view and therefore enforced etiquette and good manners as a way of life. Henry James demonstrates a lack of propriety for this time period’s strict code of conduct, with his written work, ‘The turn of the screw’. By doing so, and somewhat rebelling against the sexually restraining, low crime tolerance era that

Expository Essay On The Adventures Of Huckleberry Finn And Racism Example For Students

Expository Essay On The Adventures Of Huckleberry Finn And Racism The Adventures of Huckleberry Finn is the story of a young boys adventures on the Mississippi River escaping the society and being sivilized by Widow Douglas and Miss Watson. The river is Hucks freedom; the river represents the difference between nature and society. It is quiet and peaceful place where Huck is able to think; the river is a place to escape to. Hucks first decision is to stay and be abused by his father or escape. I believe Huck did not want to stay but I also think he was craving an adventure of his own. Although Huck is uneducated, he is still clever, and he proves this when he fakes his own death. He says to himself that Tom would be proud of his accomplishment, but then he diminishes this thought by saying Tom would have done it better. Throughout Huck and Jims journey, Huck makes up new identities to better the chances of freedom. Examples of these are the following: first he portrays a young girl and visits a home to get information of Jim and his successful getaway, and another is when he leads the men he meets to believe his father has smallpox. Huck faces a moral predicament of aiding a slave to freedom. He is unsure of the correct thing to do. He knows that society thinks helping a slave is wrong, but he knows that he would feel worse if he turns Jim in when he had the chance. This is shown when Huck says to himself, Spose youd done right and give Jim up; would you feel better than you do now? No, says I, Id feel bad- (Twain, The Adventures of Huckleberry Finn, 69). Huck begins to views Jim as a real human being after he sees Jim talk so passionately about his family. Jims loyalty toward Huck is made aware when Jim is thrilled to see Huck again after they were separated in the fog. Their friendship begins to show after Huck lies about having smallpox to avoid Jim being caught. Huck is forced to decide what is right and what is wrong when Jim is captured by the Phelps. When Huck says, All right then, Ill go to Hell, and risks his soul to save Jim, it shows Hucks natural heart and the growth from an immature boy to a young man (Twain, The Adventures of Huckleberry Finn, 162). Although Huck has matured throughout the novel, the end of the novel leaves Huck in the same place as he was in the beginning; he still wants to escape civilization and society.