Revue internationale de recherche comptable

Abstrait

Fraudulent Cash Stealing in ATM and Strong Cash Room in the North Eastern Nigeria: Exposed

Abdullahi Audu Malgwi

The level of poverty and inability to meet expenditure plans in the North Eastern Nigeria has thrown some bank workers to steal customers cash through the uses of ATM machines and cash tying in the strong cash room. Survey method conducted on some banks (names withheld) in the North Eastern Nigeria to serve as a signal to other banks to do proper checks and control measures to curtail such occurrences in the near future. The result showed that supervisors do not pay much attention during cash tying and putting of cash in the ATM machines. The paper recommends close monitoring and control of cash in ATM machines and cash strong rooms. Participative supervision in the operation of bank services is necessary to ensure fraud free operations and control.