Date of Conferral
3-4-2024
Date of Award
March 2024
Degree
Doctor of Business Administration (D.B.A.)
School
Business Administration
Advisor
Dr. Irene Williams
Abstract
Financial institutions may be liquidated by banking fraud. Bank leaders are concerned about ineffective strategies to prevent fraud and reduce revenue losses. Grounded in the fraud diamond theory and the fraud triangle theory, this qualitative pragmatic inquiry study aimed to identify and explore bank leaders' strategies to reduce fraud in the Nigerian banking industry. Data were collected by conducting semistructured interviews with nine bank leaders from six Nigerian banks and reviewing publicly accessible information from their companies' websites. A thematic approach adapted from Yin's methodology yielded three key themes: (a) the combination of multiple strategies, (b) employee and customer collaboration, and (c) education and professional experiences. A key recommendation is for bank leaders to establish a training program to cultivate innovative thinking, skills, and behaviors for fraud prevention implementation among bank employees. The implications of positive social change include the potential for bank leaders to increase corporate governance accountability for bank management and line employees, which could potentially increase job opportunities, fulfill corporate social responsibility, reduce poverty, and provide other social amenities.
Recommended Citation
Suleiman, Maroof, "Effective Strategies Leaders Use to Reduce Fraud in the Nigerian Banking Industry" (2024). Walden Dissertations and Doctoral Studies. 15403.
https://scholarworks.waldenu.edu/dissertations/15403
