Browsing by Author "Aragie, Muhammed"

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    An Assessment of Bank Fraud and its Management in Ethiopia Commercial Banks
    (A.A.U, 2011-06) Aragie, Muhammed; S., Laxmikantham (PhD)
    Organizations in Elhiopia. particularly banking corporations to day are more susceplible to Fraud crime than ever before. This study aims at finding practical means of minimizing the Incidence of fraud in Erhiopia, both private and governmentowned commercialercial banks. During the course of the investigation efforts were made to identifY various causes result bank staffs to commit fraud,the characteristics shared by most Fraud acts in the sector, means employed in defrauding banks and at the same time determine the adequacy and effectiveness of Fraud detection and prevention systems employed by banking corporation. Questionnaire survey techinique was employed to seek the respondents' (mallagers, accountants, and customer service officers at sample branch banks) perceptions on the all encompassing issues of fraud and its management in banking sector. Findings in the first place revealed that so many factors contributed to incidence of Falld in the banks amongst which are poor management of policies and procedures; inadequate working conditions; bank's staff staying longer on a particlliar job, and staff feeling Fustrated as a result of poor remunerations. Next to this, Faud prevention and detection systems adopted by banks are not effective and adequate t0 make effective management on Frauds committed through creating forged checks, opening new account, money transfer. employment application, etc. Finally, the study offered suggestions as to how the problems so identified could be mitigated.