TABLE OF CONTENTS
TITLE————————————————————————-i
APPROVAL ——————————————————————ii
DEDICATION—————————————————————iii
ACKNOWLEDGEMENT—————————————————iv
TABLE OF CONTENTS———————————————–v-vii
ABSTRACT—————————————————————–viii
CHAPTER ONE
1.0 INTRODUCTION—————————————————-1
1.1 BACKGROUND OF THE STUDY———————————1
1.2 STATEMENT OF THE PROBLEM——————————–4
1.3 PURPOSE OF THE STUDY—————————————5
1.4 SIGNIFICANCE OF THE STUDY———————————6
1.5 RESEARCH QUESTION——————————————-6
1.6 SCOPE OF THE STUDY——————————————-9
1.7 DEFINITION OF TERMS——————————————10
CHAPTER TWO
2.0 LITERATURE REVIEW ——————————————-12
2.1 REVIEW OF RELATED LITERATURE—————————12
2.2 MODELS AND THEORIES RELEVANT TO RESEARCH QUESTIONS’—————————————————————–16
2.3 CURRENT LITERATURE BASE ON THE VARIABLES OF THE THEORIES, MODELS AND QUESTIONS———————————-21
2.4 SUMMARY OF LITERATURE—————————————-28
CHAPTER THREE
3.0 RESEARCH METHODOLOGY————————————–33
3.1 DESIGN OF THE STUDY——————————————–33
3.2 AREA OF THE STUDY———————————————–35
3.3 POPULATION OF THE STUDY————————————–36
3.4 SAMPLE OF THE STUDY——————————————–36
3.5 SOURCE OF DATA—————————————————37
3.6 INSTRUMENT FOR DATA——————————————-38
3.7 VALIDATION OF THE INSTRUMENT——————————38
3.8 DISTRIBUTION AND RETRIEVAL OF THE INSTRUMENT—–39
3.9 METHOD OF DATA ANALYSIS————————————–41
CHAPTER FOUR
4.0 DATA PRESENTATION AND ANALYSIS…………………………….42
4.1 PRESENTATION AND INTERPRETATION OF DATA…………….42
4.2 TEST OF RESEARCH QUESTION…………………………………….49
4.3 DISCUSSION OF THE FINDINGS……………………………………..50
CHAPTER FIVE
5.0 FINDINGS, CONCLUSION AND RECOMMENDATION………….52
5.1 SUMMARY OF FINDINGS………………………………………………..52
5.2 CONCLUSION……………………………………………………………….53
5.3 RECOMMENDATION………………………………………………………54
5.4 LIMITATION OF THE STUDY……………………………………………57
5.5 SUGGESTIONS FOR FURTHER RESEARCH……………………….58
REFERNCE————————————————————————59
APPENDIX A—————————————————————–61
APPENDIX B………………………………………………………….62
ABSTRACTS
This study is on the impact of forgery on negotiable instrument in banking industry. Cheque as a case study. The objective of the study includes to identify the forgery of negotiable instrument in the Nigeria banking industry, to improve the review of cheque issue in the banking industry, to provide ways of discouraging, detecting and controlling the act of forgery of cheque in the banking industry, to provide ways of solving the problem of forgery of negotiable instrument in banking industry the related literatures were reviewed and data were collected through questionnaire and other primary sources of data. It was discovered after the data interpretation and analysis that, the researcher was able to examine the extent of damage that forgery of negotiable instrument had done to banking industry. It is also recommended that, it is the responsibility of management to ensure that proper book of account is kept at all time.
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The banking industry has experience tremendous development and growth, which could be traced down to the introduction of structural adjustment programme (SAP) in 1986 under the dispensation of general Ibrahim Babangida. Several bank with their branches experience tremendous growth in the industry. These changes effect their total deposit, total was and advances total assets and capital reserve during that period. The growth experienced in the industry so far brought with them some sharp practices on the part of the operators. These sharp practices later develop into malpractices (foreign) which led to the collapse of many banking institutions malpractice could be seen as an impossible practice or improper treatment of an issue. In other words, it basically refers to that practice that is against the rules and regulations governing a state or country. There is fear if the increase of malpractice is not checked, it will prose additional threat to the stability and survival of individual banks and merging banks, which come together as a result of CBN N25 billion capital base, and also the performance of the industry as a whole, this is because malpractice leads to huge financial losses to banks and their customers. The depletion of shareholders funds and banks capital base as well as lost confidence in the banking system. It also leads to closure of some effected banks witnessed in Nigeria and other parts of the world in recent time. The issue of malpractices is a grave concern, not only to the shareholders depositors of banks, but also regularity and supervisory authorities whose responsibility to ensure that safety and sadness of individual banks and banking industry as a whole.
According to the central bank mandates, that states that banks in Nigeria renders to NDIC returns on frauds and forgery outright theft-occuring in their organization and reports on any dismissed, terminated or advised to retire on grand of fraud. The question of course is how many banks appreciate the importance of this statutory requirement both for themselves and the industry in whole. How encouraging are banks appreciating the extent to which malpractices affect the safety of and confidence reposed in their institution? Records have shown that only few banks render return on frauds and forgery even when such cases exist at the time of rendering the statutory returns on the regulatory authorities. It is therefore, intended in this project to make a brief discussion on the nature, types and causes and the extent of malpractices (forgery) in Nigeria banking industry, so that banks will be view to stimulate them in considering the ways and means of making internal control measures more effective.
1.2 statement of the problem
Several banks were forced into liquidation as a result of big financial loss. Most of these losses are caused by: the inability to identify the forgery of different negotiatiable instruments.
The inability to review the issue cheque in banking industry.
The inability to discourage, detect and control the act of forgery of cheque in the banking industry.
The inability to solve the problem of forgery of negotiable instrument in the banking industry.
1.3 objectives of the study
The aim of this study is to
– Identify the forgery of negotiable instrument in the Nigeria banking industry
– To improve the review of cheque issue in the banking industry
– To provide ways of discouraging, dictating and controlling the act of forgery of cheque in the banking industry
– To provide ways of solving the problem of forgery of negotiable instrument in banking industry
1.4 research questions
* How can the forging of difference negotiable instrument can be identify?
* How can the issue of cheque in banking industry can be review?
* How can the act of cheque forgery be discourage, detected and controlled?
* In which way can the problem of forging of negotiable instrument be solved?
1.5 significance of the study
An instrument is said to be negotiable, if it is transferring a bonafide title in the instrument better than that of the transferor’s title, provided the transferor likes it in the good faith and for value. It has been observed that the statement above does not totally comply with the practice of forgery in the banking industry which has eaten deep into the system and has adversely affected the Nigerian banking industry over the year.
This study is significance in the protection of depositors thought the entrediment of safe and sound practices. In this regard, there is at least an essay forever significant player in the industry. Director management staffs external auditors and regulations. It is important to indicate that fraud preventive measures will not eradicate fraud incident, but will go a long way to minimize the rate of malpractices. There is need for the players in the industry are ensuring a safe and sound banking environment. It is in the line with this study becomes very important so as to appreciate the important of eradication of forgery of negiotable instrument and to take adequate steps towards ensuring a safe and sound banking environment.
The significance of these study to bankers, bank customers, the industry and academicians. This study will go a long way to prevent, control the rate of job termination of the bankers as a result of forgery of negotiable instrument that leads to huge financial loss. It will also help the bankers to critically examine negotiable instrument and detect if there is any malpractice in the documents.
As academicians, the study will give the current and detailed information about forgery of negotiable instrument in the banking industry and how to prevent, control and eradicate the malpractices.
1.6 scope of the study
The scope of the study has been limited to the study of the forgery of negotiable instrument in the Nigeria banking industry in the year 2009 – 2013.
In doing so, it was further restricted, the CHEQUE as the case study for other negotiable instrument.since the principle and methods of banking of most banks are the same and because the rules applies to their negotiable instrument. It is assumed that what ever finding obtained would be applicable to other negotiable instrument. The research to be made will cover representatives and players in the banking industry and the opinion of some banking industry and opinion of some banking experts and put researchers.
1.7 definition of terms
Some of the key words commonly used in the project work are defined as follows:
Negotiable instrument: A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.
Forgery: Is the process of making, adapting, or initiating objects, statistics, or documents with the intent to deceive or earn profit by selling the forged item.
Cheque: “ Cheque is an instrument in writing, containing an unconditional order, addressed to a banker, sign by the person who has deposited money with the banker, requiring him to pay on demand a certain sum of money only to or to the order of certain person or to the bearer of instrument.
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