ABSTRACT

This research examines the impact of bank frauds on the growth of the Nigerian economy. Recently, frauds within Nigeria's banking sector have escalated, undermining public trust. The study employs secondary data and utilizes regression analysis and SPSS software for analysis. Findings indicate that bank fraud has significant negative effects on Nigeria's economic growth. Effective banking practices, including trust and confidence in financial transactions, are crucial for economic development. The study recommends enhanced regulatory supervision, cautious employee recruitment focusing on integrity, and emphasizes the importance of a strong internal control system to combat fraud. Ultimately, addressing fraud requires a combination of preventive measures and effective detection strategies.