IDEAS home Printed from https://ideas.repec.org/a/ris/amjoms/0046.html
   My bibliography  Save this article

Information and Communication Technology and Fraud Cases of Listed Deposit Money Banks in Nigeria

Author

Listed:

Abstract

The study examined the effect of information and communication technology on fraud cases of deposit money banks in Nigeria over the period of 11 years (2009-2019) with a view to investigate the effect of automated teller machine, point of sale, mobile banking payment on number of fraud cases. Time series data were collated from CBN and NDIC statistical bulletin. The data were analysed via regression analysis which involved ordinary least square estimation technique. The study found that Automated teller machine (ATM) and mobile banking payment (MBP) have positive and significant effect on number of fraud cases, also, point of sale (POS) has a negative and significant effect on number of fraud cases in Nigerian deposit money banks. It was concluded that, the advent of information and communication technology (ICT) positively contributed to financial scandal in deposit money banks in Nigeria. Thus, the study recommended that management of deposit money banks in a bid to make profit should ensure to close all loopholes resulting from information communication and technology, it further suggested that banks should provide personnel especially on ATM centres to monitor the trend of transactions being carried out by individual to curb fraudulent activities.

Suggested Citation

  • Niyi S., Awotomilusi, & Olatunde Matthew, Ajoloko,, 2021. "Information and Communication Technology and Fraud Cases of Listed Deposit Money Banks in Nigeria," Multidisciplinary Journal of Management Sciences, Association of Forensic Accounting Researchers (AFAR), vol. 3(2), pages 130-140, July - Se.
    • Handle: RePEc:ris:amjoms:0046
    as

    Download full text from publisher

    File URL: https://www.afarng.org/wp-content/uploads/2022/03/Vol-3_2-Dec-2021-Awotomilusi-Niyi-S-and-Ajoloko-Olatunde-Matthew.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. AbdulRaheem AbdulRasheed & Isiaka Sulu Babaita & Muhammed Abubakar Yinusa, 2012. "Fraud and Its Implications for Bank Performance in Nigeria," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 2(4), pages 382-387, April(1).
    2. AbdulRaheem AbdulRasheed & Isiaka Sulu Babaita & Muhammed Abubakar Yinusa, 2012. "Fraud and Its Implications for Bank Performance in Nigeria," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 2(4), pages 382-387.
    3. W. Steve Albrecht & Ned C. Hill & Conan C. Albrecht, 2006. "The Ethics Development Model Applied To Declining Ethics in Accounting," Australian Accounting Review, CPA Australia, vol. 16(38), pages 30-40, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kehinde Adekunle Adetiloye & Felicia Omowunmi Olokoyo & Joseph Niyan Taiwo, 2016. "Fraud Prevention and Internal Control in the Nigerian Banking System," International Journal of Economics and Financial Issues, Econjournals, vol. 6(3), pages 1172-1179.
    2. Monica Ramos Montesdeoca & Agustín J. Sánchez Medina & Felix Blázquez Santana, 2019. "Research Topics in Accounting Fraud in the 21st Century: A State of the Art," Sustainability, MDPI, vol. 11(6), pages 1-31, March.
    3. Robyn A Davidson Author_Email: NIL, 2011. "Ethics! Teaching Ethics To Accounting Students," Annual Summit on Business and Entrepreneurial Studies (ASBES 2011) Proceeding 2011-018-146, Conference Master Resources.
    4. Sergius Nwannebuike Udeh & James Ike Ugwu, 2018. "Fraud in Nigerian Banking Sector," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 8(5), pages 589-607, May.
    5. Sheehan, Norman T. & Schmidt, Joseph A., 2015. "Preparing accounting students for ethical decision making: Developing individual codes of conduct based on personal values," Journal of Accounting Education, Elsevier, vol. 33(3), pages 183-197.
    6. Kamaliah KAMALIAH & Noor-Syazana MARJUNI & Norhayati MOHAMED & Zuraidah MOHD-SANUSI & Rita ANUGERAH, 2018. "Effectiveness Of Monitoring Mechanisms And Mitigation Of Fraud Incidents In The Public Sector," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2018(30), pages 82-95, June.
    7. Rabi’u Abdullahi & Noorhayati Mansor, 2015. "Concomitant Debacle of Fraud Incidences in the Nigeria Public Sector: Understanding the power of Fraud Triangle Theory," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 5(9), pages 241-255, September.
    8. Charles Emeka Nwobia & Patrick Anayo Adigwe & Gideon Kasie Ezu & John Nonso Okoye, 2021. "Electronic Fraud and Performance of Deposit Money Banks in Nigeria: 2008-2018," International Journal of Business and Management, Canadian Center of Science and Education, vol. 15(6), pages 126-126, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:amjoms:0046. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Daniel Akanbi (email available below). General contact details of provider: https://edirc.repec.org/data/afarnea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.