UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 7 Issue 8
August-2020
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

7.95 impact factor calculated by Google scholar

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Published Paper ID:
JETIR2008193


Registration ID:
236214

Page Number

1492-1502

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Title

Impact of Knowledge Capability and Mindset on Fraud Risk Assessment within Nigerian Deposit Money Banks

Abstract

Introduction of digital technology into the banking sector created opportunities for banks to prevent and detect various forms of frauds. To ensure this, deposit money banks (DMBs) employed various forms of electronic products and services to facilitate ethical banking. This study presents an assessment of knowledge capability (KC) and mindset of bank examiners in fraud risk assessment (FRA) within DMBs. The study examines regulators’ capacity for fraud prevention and detection within the Nigerian DMBs. This study deployed both primary and secondary sources for data collection. A total of 150 questionnaires were distributed out of which 120 were returned by targeted respondents (bank examiners) all employees of the Central bank of Nigeria (CBN), Nigerian Deposit Insurance Corporation (NDIC) and 10 DMBs. Out of the 120 questionnaires returned, 85 were retained for analysis after removal of outliers. Subsequently, the study employed IBM SPSS version 25 and PLS-SEM (Smart-PLS) software version 3 for data analysis. The results revealed significant positive relationship between bank examiners’ knowledge capability, mindset and (task performance) fraud risk assessment and by implication general reduction in the incidence of fraud and forgeries within DMBs. Consequently, the study contributes to enhancement of institutional and legal frameworks for banking examination, compliance and reporting. The empirical study would result in overall reduction in the escalating occurrence of fraud and forgeries within Nigerian DMBs. Researchers may explore interviews as primary source of data collection in addition to questionnaire administration and mix-methods, that is, qualitative and quantitative research methodology.

Key Words

: Deposit money banks, Knowledge capability, Mindset, Bank examiner, Fraud risk assessment.

Cite This Article

"Impact of Knowledge Capability and Mindset on Fraud Risk Assessment within Nigerian Deposit Money Banks", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 8, page no.1492-1502, August-2020, Available :http://www.jetir.org/papers/JETIR2008193.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Impact of Knowledge Capability and Mindset on Fraud Risk Assessment within Nigerian Deposit Money Banks", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 8, page no. pp1492-1502, August-2020, Available at : http://www.jetir.org/papers/JETIR2008193.pdf

Publication Details

Published Paper ID: JETIR2008193
Registration ID: 236214
Published In: Volume 7 | Issue 8 | Year August-2020
DOI (Digital Object Identifier):
Page No: 1492-1502
Country: Changloon, Kedah State, Malaysia .
Area: Management
ISSN Number: 2349-5162
Publisher: IJ Publication


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