THE ROLE OD COMPUTER IN FRAUD DETECTION AND PREVENTION (A CASE STUDY OF FIRST BANK NIGERIAN PLC. OKPARA AVENUE, ENUGU

THE ROLE OF COMPUTER IN FRAUD DETECTION AND PREVENTION(A CASE STUDY OF FIRST BANK NIGERIAN PLC. OKPARA AVENUE, ENUGU

ABSTRACT

          Fraud has been identified as the major cause of distress and unprogressive nature of most business organisation in the country.  Even though, there are intelligent people who work round the clock to fault the system; but there are more intelligent people who build on fraud check devices hence the computer.

          It is the aim of this study to find out the role of computer in fraud detection and prevention in business organization (A Case study of First Bank of Nigeria Plc.)  The work has five chapters, chapter one contain the body of the topic which included the problems studied, why the study was carried out and the definition of terms.

          An extensive review of related literature on computer as it relates computer crime, types, Computer fraud, Types, role of Computer in fraud detection and prevention are highlighted in chapter two.

Chapter three dealt with the design of the study, the methods used in the distribution and collection of the questionnaires and the treatment of the data.

          The data got from the research survey were analyzed interpreted and the hypothesis tested in chapter four.

          Finally, the summary of findings, conclusion on the research and recommendation are all in chapter five.

          If Banks and other business organisations in the country would put the findings and recommendations to use, the incessant incidence of fraud will not only be detected and prevented but the customers will be satisfied with the services, which will bring a continuos increase in profit there by making the problem of the banks a thing of the past.

CHAPTER ONE

1.0            INTRODUCTION

The computer machine and computer technologies are both human oriented.

Though, the computer is brilliant and intelligent, it cannot compete with human. This is to say that the computer technology excellence of intelligence is desirable from the human elements that interact with the system and technology to make it work. It is whatever this human elements commends the computer to do that is does.  Computer is absolutely harmless except it is imbued with the tendency to harm.

          Computer is basically defined as an electronic machine which accepts data form an input devices, perform arithmetic  and logic operations in accordance with defined data and finally transfer the processed data to an output device through the central processing unit (CPU) either for further processing or to be produced as a final result.

          Computer technology has come to be accepted as an indispensable in novation if fraud detection and prevention in the banking industry.

          Fraud has for a long time now remained the cancer-warm that is biting hard on the back bone of banking  industry.  The effect of this phenomenon has led to the liquidation of many banks in Nigeria.

          It has been the major cause of the ugly development in our Banking industry now refereed to as ‘DISTRESS’

          The development which records high occurrence of our banks has caused a big question mark on the credibility of Nigerian in both with and outside the country.  The need to combat the double –headed monster by all means gave rise to the issue of cultiviatism of the banking industry especially in the areas susceptible to fraud.

1.1     BACKGROUND OF THE STUDY

Since 1986 when structural adjustment programme was introduced, the banking business changed.  As the number of branches grow form sixty five in 1985 to one hundred and fifty five in 1994, the techniques of delivering bank services changes.

THE ROLE OF COMPUTER IN FRAUD DETECTION AND PREVENTION(A CASE STUDY OF FIRST BANK NIGERIAN PLC. OKPARA AVENUE, ENUGU