THE ROLE OF ICT IN FRAUD DETECTION AND PREVENTIONS IN THE NIGERIA BANKING INDUSTRY (A STUDY OF SELECTED BANKS IN ANAMBRA)

ABSTRACT: This research essentially focused on the role of ICT in fraud detection in the Nigerian Banking industry.  This research work was done through inferential statistics which helped the research to generalize and draw conclusion. The instrument of data used in the process of this research work was questionnaires approach which was subjected to analysis in tabular form.  The target population for the research was the banking sector but the accessible population  open to researcher was First Bank, Union Zenith, Access banks  Anambra whose staff and customer formed the respondents from whom the information obtained were analyzed using X2 statistical tool.  The result of revealed that new generation banks in Nigeria were more responsible to modern technology than the old generation banks whose methods of operation were resistant to changes. In addition to this development, the regulatory agencies were not helping matters over their supervising role relating to banking system.  The monitory groups of the regulatory agencies were not effective, in the system, leading to flowing of roles and regulations put in place.  The government should throw its weight in ensuring that the recapitalization exercise is consolidated by regular monitoring of the operations of the banks to ensure that they operate in line with international best practices.