E-Fraud and Bank Performance: Empirical Evidence from Nigeria

This study examines e-fraud and bank performance: empirical evidence from Nigeria. Expo facto research design was used while time series data for the period of ten (10) years sourced Central Bank Nigeria (CBN) statistical Bulletin. Unit root test correlation matrix as a diagnostic tests. The Augmented Dickey Fuller (ADF) is to stationarity. results stationarity or unit show that all variables, return on equity (ROE), Automated Teller Machine Fraud (ATF) Online (OLF) have roots are only stationary at first difference integrated order one I (1). fully modified least squares regression (FMOLS) analysis. result indicates both online fraud, ATM fraud negative effect performance proxied in line with priori expectation. In words, fraudulent activities impede profitability banks. Based obtained analysis conducted, recommends among others managers should strengthen their internal control systems times. regulatory authorities be up doing concerning supervisory functions. Appropriate disciplinary measures taken against culprits e-frauds so deter such intentions. Also, banks hold regular trainings Information Technology staff counter fraudsters use electronic means commit fraud.