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ABSTRACT
Fraud is a widespread issue that has severely eaten deep the Nigeria's banking industry and economy as a whole. Its disastrous effects may be seen in both economic regression and the banks' declining balance sheets. It appears that efforts to identify and combat fraud in the financial industry have been largely ineffective, as fraudulent activity has been increasing recently. The purpose of this topic Bank fraud in the Nigeria sector; types causes, effect and method of detection and prevention is aimed at finding practical means of eliminating, reducing the incidence of fraud in the Nigeria sector .A descriptive surveys using questionnaire with a sample size of 100 was used for the analysis. The findings derives from respondents indicate that unauthorized Lending to borrowers is a principal type of fraud. The significant negative relationship between the effects of fraud and its prevention measures suggests that more proactive and preemptive strategies are needed. Banks should invest in comprehensive fraud prevention training programs for their employees, ensuring that they are well-equipped to recognize and respond to fraud indicators promptly.
