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BANK FAILURE IN NIGERIA : PROBLEMS AND DIFFICULTIES

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BANK FAILURE IN NIGERIA : PROBLEMS AND DIFFICULTIES

TABLE OF CONTENTS

 

 

 

TITLE PAGE

 

APPROVAL PAGE

 

DEDICATION

 

ACKNOWLEDGEMENT

 

ABSRACT

 

TABLE OF CONTENT

 

 

 

CHAPTER ONE

 

INTRODUCTION

 

 

  1. Background of the study

 

  1. Statement of the problem

 

  1. Purpose of the study

 

  1. Objectives of the study

 

  1. Limitation of the study

 

CHAPTER TWO

 

REVIEW OF RELATED LITERATURE

 

CHAPTER THREE

 

RESEARCH DESIGN AND METHODOLOGY

 

 

  1. Sources of data (secondary source only)

 

  1. Location of data

 

  1. Method of data collection (literature work only)

 

CHAPTER FOUR

 

FINDINGS

 

 

 

CHAPTER FIVE

 

RECOMMENDATIONS AND CONCLUSION

 

 

CHAPTER ONE

 

 

 

INTRODUCTION

 

 

 

The term bank means a place where money and valuable are kept for safety.  So bank failure means the inability of the bank to meet its statutory obligation.

 

The financial sector of any economy plays an important role in promoting and supporting economic growth and development.  When the financial sectors in distress it cannot perform this role effectively.

 

Modern commercial banking business commenced in Nigeria at about 1992.  At that time, it was solely a business for the foreigners.

 

Even at independence in 1960, about 80% of Nigeria banking business remained in the hand of foreigners.

 

The skews in the ownership structure in fall our of foreigners was probably responsible for the observed lack of access to bank credits by indigenous during the period.

 

To redress this situation and meet the financial requirements of Nigeria business, some indigenous banks commenced operation in the late 1920 and 1930 at that time the banking business was virtually unregulated those new indigenous commercial and merchant bank were later to be faced with problem of under capitalization in experienced management hostile and unfair competition from foreign bank.

 

The British Colonial authorities suddenly saw the need to regulate banking business in Nigeria and therefore commissioned Mr. G.D. Pation in 1948 to study and determine the need for banking regulation in Nigeria, following patlon’s recommendations, the bank ordinance of 1958 was enacted the implementation of which led to the failure of about 16 indigenous banks.

 

By 1954, 21 of the 25 indigenous banks operating in the country collapsed of the remaining four only two are still operating in Nigeria today.

 

This become a source of worry to the public, manageress and regulatory bodies like Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC).

 

This study however, intends to sue Cobi bank as a case study, it is hoped that the end of the study, the causes and lost of bank failure and suggestion offered to deal with the problem.

 

 

 

1.1       BACKGROUND OF THE STUDY

 

The term bank means a place where money and valuable are kept for safety.  Therefore, following this bank important role in an economic is failure constituting a problem to me hence the resolution to embark on this research study.

 

This study however, intends to use bank as a case study.  It is hoped that at the end of the study the cause and cause and cases of bank failure in the modern economy will be know better and suggestion offered to deal with the problem.

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