Casualization Of Employment And Increase In Reported Cases Of Fraud In Insured Banks Of Nigeria

dc.contributor.authorIyere, Samuel Iheonkhan
dc.contributor.authorBarnabas, Abayomi Samuel
dc.date.accessioned2023-12-10T17:40:56Z
dc.date.available2023-12-10T17:40:56Z
dc.date.issued2012-09-02
dc.description.abstractThe paper examines the relationship between casualization of employment and increase in reported cases of fraud in insured banks of Nigeria. The population consists of 24 insured banks in Nigeria as at 31st December, 2009. The sample consists of the entire population. The data used were obtained from the annual reports of Nigeria Deposit Insurance Corporation from 2003 to 2009. Panel data for 2003 to 2009 were collected for the analysis. Pearson Product Moment Correlation Coefficient, a parametric tool was employed in the analysis. The analysis reveals a strong positive relationship between casualization of employment and increased in reported cases of fraud in insured banks of Nigeria. It is not statistically significant at 5% but significant at 10%. It can be concluded that there is a strong positive relationship between casualization of employment and increase in fraud in insured bank. It is recommended that insured banks should strengthen their internal control, security and risk management systems to reduce the incidence of frauds and forgeries. Insured banks should also thoroughly screen prospective employees by obtaining status reports from previous employers and relevant agen'cies and to desist from deploying casual staff to sensitive positions. There is also need to carry out cost benefit analysis of casualization of employment in order to ensure that the perceived reduction in labour cost is not offset by increase in fraud loss exposure.en_US
dc.identifier.citationAdeyemo, K. A.(2012). Frauds in Nigerian Banks: Nature, Deep-Sealed Causes, Aftermaths And Probable Remedies Mediterranean Journal of Social Sciences Vol. 3 (2) May 2012 Adewunmi, W. (1986), Fraud in banks,'Nigeria institute of bankers, Land mark publication, Lagos. Adewunmi W. (ed), Nigerian Institute of Bankers, Lagos Branch, Landmark Publication Ltd, Lagos, Nigeria. Adewunmi, W. (2004), Perspective of Risk Management, A paper presented at Alliance of African Institutes of Bankers’ Conference, Kampala, Uganda. Bhorat, H. and Rinks, T.J. (2006). „Changing Patterns of Employment and Employer- Employee Relations in Post Apartheid South African. Research Report for the Danish Federation of WorkersD National Labour and Economic Development Institute. Boniface, C. (1991). Fraud in the banking industry. The Nigerian Banker Oct.-Dec. 22&23. C1BN Press. Central Bank of Nigeria/Nigeria Deposit Insurance Corporation^ 995) Distress in the Nigerian Financial Services Industry, A CBN/NDIC Collaborative Study, Lagos, Nigeria. Cheadle, H. (2006). Regulated Flexibility: Revisiting the LRA and BCEA Concept. Paper Unpublished Mimeo: University of Cape Town. Fapohunda, T. M. (2012). Employment Casualization and Degradation of Work in Nigeria. International Journal of Business and Social Science Vol. 3 No. 9; May. Famodimu, B.O. (1985), “Frauds in Banks: The Role of the Branch Manager in the Prevention, Detection and Prosecution”, A Paper presented at the Seminar on Frauds in Banks organized by the Nigerian Institute of Bankers, Lagos,Nigeria. Federal Government of Nigeria (1988), Nigeria Deposit Insurance Corporation Act, Lagos, Nigeria. Financial Institutions Training Centre (F1TC) (1992), Fraud in Banks, F1TC, Lagos, Nigeria. ldowu, A. (2009), An assessment of fraud and its management in Nigeria commercial banks. European Journal of Social Sciences, 10(4) 628-640 Kazeem, M. (2004). Functioning of the Nigeria Labour Market. Mimeo.en_US
dc.identifier.urihttps://keffi.nsuk.edu.ng/handle/20.500.14448/741
dc.language.isoenen_US
dc.publisherDepartment of Accounting, Faculty Of Administration, Nasarawa State University, Keffien_US
dc.subjectCasualization, Employment, Reported Fraud Cases, Insured Banksen_US
dc.titleCasualization Of Employment And Increase In Reported Cases Of Fraud In Insured Banks Of Nigeriaen_US
dc.typeArticleen_US

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