CLEARING AS A MEANS OF SUSTAINING BANK AND SUPPRESSING FRAUD

Survey research was made in carrying this project, clearing department as a profit-generating department in the banking institution. This research was carried out to reveal clearing as a means of sustaining banks and suppressing frauds. The population size of the study comprises of all staff of Enugu main branch of United Bank for Africa PLC (UBA), which were 98 staff. And the sample size for the study was 79 staff. Hypothetical statements were used to find out whether the clearing as a means of sustaining bank and suppressing fraud in a banking institution. These were about identifying whether clearing department really to describe how clearing department contribute in the profit of the banking institution, as was gotten from the questionnaires distributed to the staff.. from the result after the analysis it was concluded that clearing department should be known as one of profit generating departments in banking institution in general and United Bank of Africa PLC Enugu main branch in particular.