Electronic fraud: an emerging cause of bank failure in Nigerian deposit money banks

Folowosele Folarin Akinwale, Ikpefan Ochei Ailemen and Isibor Areghan

Journal of Money Laundering Control, 2021, vol. 25, issue 1, 249-263

Abstract: Purpose - This study aims to review 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. Design/methodology/approach - The research used secondary data for the periods 2006 till 2018, which were collected from the Nigeria Deposit Insurance Corporation annual reports. Descriptive analysis and the ordinary least square method of regression analysis were used for data analysis. Findings - 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. Originality/value - Many of the reviewed literature examined electronic fraud and its impact on bank profitability but this study examined the cause of electronic fraud and what can be done to curtail it.

Keywords: Electronic fraud; Nigerian deposit money banks; Bank failure; Return on assets; Quality of assets (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jmlcpp:jmlc-01-2021-0009

DOI: 10.1108/JMLC-01-2021-0009

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