Electronic Banking Fraud and Commercial Banks’ Performance: An Empirical Prove of Nigeria
There is no doubt that integration of electronic banking system has increased quality of service delivery of banks but frauds perpetrated on the electronic platforms have become a menace to businesses and institutions; as fraudsters employed the electronic devices for nefarious activities. In view of this, this study investigated electronic banking frauds and Commercial bank’s performance with an empirical prove of Nigeria. The research work adopted secondary sources of data. Simple regression technique was used to analyse the extent at which electronic banking frauds have affected banks’ performance for a period of fourteen years (2006-2019). The study revealed that electronic banking fraud activities perpetrated have been impeding on returns of the banks during the period. The study concluded that there were more electronic banking frauds committed through Internet banking than other electronic channels. Keywords: Electronic banking Fraud, Commercial banks, Return on Assets, Nigeria JEL Classification: G2, G21