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ABSTRACT
This research paper examines the impact of bank fraud on the Nigerian economy's growth. In recent years, the occurrence of frauds within Nigeria's banking sector has increased significantly, leading to a loss of public confidence. The study utilizes secondary data and employs regression analysis and SPSS application software for data analysis. The findings indicate that bank fraud has a significant negative effect on the growth of the Nigerian economy. A country's financial institutions' ability to foster growth and development relies on conducting transactions with trust, confidence, and minimal risk. Unfortunately, many banks in Nigeria have neglected safe and sound banking practices, leading to detrimental consequences. The study suggests that regulatory authorities need to enhance their supervision and be more cautious during employee recruitment. Emphasizing integrity and employees' moral values, in addition to excellent performance, is essential. The paper concludes that combating fraud requires efforts to prevent, detect, and penalize offenders. Establishing a positive work environment can help in the prevention, while a sound internal control system is crucial for detection.
