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ABSTRACT
This study examined the role of electronic banking channels in affecting fraud incidences among Nigerian banks. Aggregate data from the Nigerian banking industry was employed in the empirical analysis. The data were collected quarterly and covered the period 2008–2021. The analytical technique adopted was descriptive statistics and ordinary least squares (OLS). Specifically, the study found that: automated teller machines have a significant impact on fraud among Nigerian banks; point-of-sale banking channels significantly increase fraud in the banking system in Nigeria; internet banking significantly affects fraud incidence in banks; and mobile banking does not have a significant impact on fraud in banks in the long run. Based on these findings, it was recommended that: there is therefore a need for banks to focus on internet banking and POS in their surveillance mechanisms to ensure that fraud from these channels is limited; and regulators are encouraged to ensure that both the human and technology components of these channels are streamlined to best practices.
