ABSTRACT 

 The use of ATM has grown rapidly in popularity because of its low banks transaction  costs and customers convenience which has made it a basic element of today’s financial service delivery. However, the ATM which is meant to be serving the customers better is now becoming a nightmare for some customers because of fraud perpetuated in their accounts through ATM withdrawals.

The main purpose of this work is to examine the activities of fraudsters through ATM pin and how these frauds have affected financial institution growth and customers patronage of banks. This researcher made use of four banks as a case study for this research work. Data was collected from questionnaires, interviews and observation from the four banks under study.

Three hypotheses was tested using the chi- square statistical tool and it was observed that there is a significant relationship between ATM fraud and fraud in Nigeria, it was also observed that ATM fraud affects customers patronage and financial institution growth.

In conclusion, the activities of fraudsters needs to be monitored and measures should be put in place to mitigate these frauds. To solve this, additional security layer on the ATM is recommended and proper monitoring of the ATM machine by the banks. We believe that if banks and service providers heed to some of these suggestions in this work, we will have a safer, hassle- free and worth while banking experience in this country.

TABLE OF CONTENT

TITLE PAGE I

DECLARATION II

CERTIFICATION III

DEDICATION IV

ACKNOWLEDGEMENT V

ABSTRACT VI

CHAPTER ONE

1.0 INTRODUCTION

1.1 BACKGROUND OF THE STUDY

1.2 STATEMENT OF THE   PROBLEM

1.3 OBJECTIVE OF THE STUDY

1.4 RESEARCH QUESTIONS

1.5 RESEARCH HYPOTHESIS

1.6 SIGNIFICANT OF THE  STUDY

1.7 SCOPE OF THE STUDY

1.8 LIMITATION OF THE STUDY

1.9 DEFINITION OF  TERMS

1.10 REFERENCES

CHAPTER TWO

2.0 LITERATURE  REVIEW

2.1 CONCEPTUAL ISSUES

2.2AUTOMATED TELLER MACHINE

2.5 AUTOMATED TELLER MACHINE FRAUD 38

2.4AUTOMATED TELLER MACHINE FRAUD TECHNIQUES 43

2.4.1 CARD THEFT

2.4.2 SKIMMING  DEVICE

2.4.3 PIN SECURITY

2.4.4 SHOULDER SURFING

2.4.5 UTILIZING A FAKE PIN OUTLAY

2.4.6 PIN    INTERCEPTION 

2.4.7 ACCESSING THE   CASH  

2.4.8 APPLICATION OF A FALSE ATM  PRESENTER 53

2.4.9  TRANSACTION  REVERSAL

2.9.10  ATM BURGLARY   ATTACK

2.5 C.B.N REGULATORY FRAMEWORK ON ATM FRAUD 

2.6THEORETICAL   CONTEXT

2.7 EMPIRICAL   LITERATURE

2.8 CONCLUSION

2.9 REFERENCES

CHAPTER THREE

3.0  RESEARCH DESIGN AND METHODOLOGY

3.1 INTRODUCTION

3.2 RESEARCH DESIGN

3.3 POPULATION OF THE STUDY

3.4  SAMPLE TECHNIQUES

3.5  METHOD OF DATA COLLECTION

3.6 TECHNIQUES OF DATA ANALYSIS

3.7 RELIABILITY OF    INSTRUMENT     

3.8 SUMMARY

3.9 REFERENCES

CHAPTER FOUR

4.0 DATA ANALYSIS, PRESENTATION AND INTERPRETATION INTRODUCTION

4.1DATA   ANALYSIS

4.2 TESTING OF   HYPOTHESIS

4.3 DATA PRESENTATION

4.4 RESEARCH FINDINGS AND RESULT

CHAPTER FIVE

5.0 DISCUSSION OF FINDINGS, CONCLUSION AND                 RECOMMENDATION

5.1  DISCUSSION OF FINDINGS

 5.2 CONCLUSION

5.3 RECOMMENDATIONS

BIBLIOGRAPHY

APPENDIX I

APPENDIX II