An International Multi-Disciplinary Journal‚ Ethiopia Vol. 4 (3b) July‚ 2010 ISSN 1994-9057 (Print) ISSN 2070-0083 (Online) Fraud and Fraudulent Practices in Nigeria Banking Industry (Pp. 240-256) Owolabi‚ S. A. - Accounting Department‚ Babcock University‚ Nigeria E-mail: emilagab05@yahoo.com Abstract The paper reviews the various forms of fraudulent practice their impact and inducement for various reforms in banking industry. It also mentions various legislations targeted at reducing fraud and
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ACCT1501 Practice Exam Questions & Solutions 2011S1 QUESTION 1 ACCOUNTS RECEIVABLES • • • • On 1st July‚ 2007‚ one of SSS’s customers‚ BBB‚ went bankrupt. BBB owes SSS $2‚500 and there is no hope for recovering this amount. On 1st October‚ SSS collected $85‚000 from outstanding accounts. SSS Company’s financial year ends on 31st December. During 2007‚ SSS sold goods for cash for $22‚000‚ and on credit $80‚000. On 1st January 2007‚ SSS Ltd. has a debit balance of $30‚000 in Accounts
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EOW takes Aim at one more car rental company Aim Limouzines - like City Limouzine - had started a car-rental investment scheme‚ but allegedly defaulted on payments to investors. EOW suspects fraud to the tune of Rs 20-crore | | |
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May 27 Paid for utility expenses incurred on April 13. June18 Received Cheque from Estate Developers for security services worth $150‚000. July 2 Paid for advertising expenses incurred on March 1 August 19 received $30‚000 cheque from Urban Tourism Limited for services on March 11. September 21 Paid for the photocopy machine purchase on May 15. October 23 received a $50‚000 cheque as advance payment for security services. November 25 Paid for maintenance
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Credit Cards‚ free advisory services‚ implementation of standing instructions of customers‚ payments of utility bills‚ fund transfers‚ internet banking‚ telephone banking‚ mobile banking‚ selling insurance products‚ issue of free cheque books‚ traveller’s cheques and many more value added services. The major impetus for financial innovation has been globalization of financial systems‚ deregulation‚ and great advances in technologies. In increasingly integrated financial systems facing higher
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HABIB BANK LIMITED DEPARTMENTS OPERATIONS AND FUNCTIONS OF DEPARTMENT Submitted to: Mam Sidra Shehzadi Submitted by: Sidra Malik (10-arid-1363) Sundas Shahid (10-arid-1365) Hassan Mehmood (10-arid-1317) Muzammil Tufail (10-arid-1328) ACKNOWLEDGEMENT All praises belong
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What is Bank:- A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities‚ either directly or through capital markets. A bank connects customers that have capital deficits to customers with capital surpluses. A bank is a financial institution which deals with deposits and advances and other related services. It receives money from those who want to save in the form of deposits and it lends money to those who need it
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0000000000000 (Joint account with my husband tttttttt)‚ and Name of bank as STATE BANK OF INDIA-‚ Vadodara). Kindly reissue the Interest cheque as per above detail mentioned above and oblige. Interest warrant detail for period from 17.01.2012 to 14.02.2013 (Demand date of allotment-15.02.2012):- Particulars | Folio No./ Client ID No. | Redemption Warrant No. | Cheque No.(HDFC Bank) | No. of Bonds | Amount Rs. | RURAL ELECTRIFICATION CORPORATION LTD | 000000 | 000000 | 00000 | 0.0 | 000000/- |
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Transfer (NEFT) 11 4.3 Real Time Gross Settlement (RTGS) 12 4.4 Cheque Truncation System (CTS) 14 4.5 Core banking systems (CBS) 14 Chapter 5 15 5.0 Conclusion 15 6.0 Reference 16 Chapter 1 1.0 Introduction Payment and settlement systems constitute the backbone of any economy. In India‚ payment systems are characterised by the presence of a large number of paper based transactions‚ with cheques constituting more than 80%in terms of volume. Recent initiatives by the Reserve
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Cashless settlement Nowadays‚ a lot of settlements are being made without using any coins or paper money. With the increasing progress of technology‚ goods and services can be paid with cash cards or over the internet. There are several options the costumer can use to pay for a purchase. Credit cards A credit card is a card issued by a financial company giving the holder the opportunity to borrow money or buy products or services on credit. The credit card provider sets a credit limit after approving
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