5,000.00 3,000.00





All commercial application developed (irrespective of the programming environment used) are to business models. Applications help to computerize business models. It is the computerization process that empowers a business model to capture, validate, store and manipulate business data at the highest speed possible. A microfinance Banking business model has business processes that manipulate data associated with savings accounts, current account, deposits and withdrawals for each type of account, fixed deposits, and loans and so on. There business processes are in some way associated with money transaction since money is the core product of this business model. The project which looks into the development of Banking Model was deigned to process the customer registration, generate new account number give report in a faster and more efficient way with the use of computer. VB 6.0 was used to develop and implement the system.




Title page                                                                                                                                i

Certification                                                                                                                            ii

Dedication                                                                                                                               iii

Acknowledgement                                                                                                                  iv

Abstract                                                                                                                                   v

Table of content                                                                                                                      vi-vii



1.0 Introduction                                                                                                                      1-2

1.1 Statement of the problem                                                                                                2

1.2 Research Hypothesis                                                                                                          2

1.3 The aim and objective of the study                                                                                  2-3

1.4 Scope of the study                                                                                                 3

1.5 Limitation of the study                                                                                                      4

1.6 The significance of the study                                                                                            4

1.7 Definition of terms                                                                                                           4-6



2.0 Literature Review                                                                                                             7

2.1 Bank definition and features                                                                                            7

2.2 Characteristics of banking                                                                                                            7

2.3 The invention of banking and coinage                                                                             7-8

2.4 Historical development of computer technology in banking industry                             8-9

2.5 Introduction of banking model system                                                                             9

2.6 The effect of banking model                                                                                            9-10

2.7 Comparative analysis                                                                                                        10

2.7.1 Analysis of existing system operation                                                                            10

2.7.2 Important and limitation of existing system                                                                 11

2.8 Government legislation concerning the system                                                                11                                                                                                                                                                                                                                                                                                                  CHAPTER THREE

3.0       System analysis                                                                                                           12

3.1       Analysis of existing system                                                                                         12

3.1.1    Saving account                                                                                                            12

3.1.2    Current account                                                                                                          12-13

3.1.3    Fixed deposit account                                                                                                 13

3.1.4    Withdrawal operation                                                                                                            13-14

3 .1.5   Balance enquire                                                                                                          14

3.1.6    Lending operation                                                                                                       14

3.2       The computerize system                                                                                             14



4.0       System design, implementation, documentation and evaluation                              15

4.1       Menu specification                                                                                                     15

4.2       File design                                                                                                                   15-18

4.3       System implementation                                                                                              18

4.4       Programming                                                                                                              18

4.5       Installation                                                                                                                  19

4.6       Program testing                                                                                                          19



5.0       Summary                                                                                                                     20

5.1       Recommendation                                                                                                       20-21

5.2       Conclusion                                                                                                                   20





Banking in Nigeria is said to have a long history since Nigeria become independent in 1960. According to history in 1872, the Africa Banking Co-operative Stated her operation in Lagos, Nigeria. The Operation of cooperation was transferred to the Bank of British of West Africa.

However, as the populations of Nigeria citizens begin to increase the Banking System begin to encounter some predicaments due to the manual mode of banking operation. The document in technology made it possible for banks to overboard the problem of manual processing poor decision making and the problem of inter connection within the banking sector which welcomes a full automated processing system such as networking system for banking transaction, information technology, which enhanced the decision-making process and alternative delivery channels. Which includes Mobile Banking Online Banking, PC Banking and the use of ATM (Automated Teller Machine)?

In recent years, significant technology advances have been made in the field banking, both in Nigeria and in International level. The penetration of such technology in business has been limited especially in countries where the majority of their business re small or medium. The effort to adopt E-banking or E-Business technology and solution has targeted the end consumer (Business – To consumer)
BTC, and more rarely takes into account real (Application-To-Application) ATA, a field that is bound to make an impact in speed, security and accuracy of business transaction and will ultimately boost the adoption of E-Banking system.

Despite the rising pace at which information technology is being deployed, the majority of several millions of daily transaction among the above entities are skill carried out in the traditional manners i.e. the manual made the sending the various transaction documents through mail or fax, manually inserting data in enterprise resource planning (ERP) or customer relationship management (CRM) application or at best, manually filling on-line web pages offered by bank or Government Agencies based on the above inadequacy and on the absence of enlightening new

Approaches at the same level, most of the companies (Banks) a waste significant effort and resources while not entrusting the internet and current bank-to-bank (BTB) or bank-to-customer (BTC) application for their transactions.

It took the entire industry several years of developments to achieve reliable, secure, convenient and efficient BTC transaction through the web. Business application inter-connection is a far more difficult task, how different proprietary internal system for accounting, order processing, and supply-chain management be modified to exchange data through the web reliably securely and in a standardized open way, so that a custom solution for each business relationships is not required.


Through the banking sector is one of the most profitable sector of economy high performance could be measured in terms of their returns, an obligation to the society. The decline in performance of the Nigeria Banking system is due to the array of problem in their day-to-day transaction which is not reliable; secure efficient and relationship between their customers. It is not giving their customer the right treatment that they need.

The magnitude of this problem, brings about a research project among to develop a standardized way of doing transaction safe it an efficiently between business entities. And also interconnect them with Government information system.


In order to test the system spastically however it is formulated in testable form with operation. Definition of the banking model relationship as a statistical tool for research work i.e. Hypothesis Hi.

The null and the alternative hypothesis are either true or false which allow us to consider just two actions and the outcome for each hypothesis depending on whether it is true or false. The hypothesis carried out shows that keeping on-line customers is worth the effort, because keeping on-line customers increase banks profitability. They are often assumed to be more profitable than off-line customers, because they are better educated and earn higher incomes, still a study controlling for this self-selection bias shows that the internet channels alone increase a customer’s profitability to the bank by impressive percent.

Ho means there is no significant profitability effort for the on-line customers or end users.

Hi means there is significant profitability for the on-line customers or end users.


The aim and objective of these research project is to develop and pilot deployment of the necessary methodologies, technology infrastructures, business and set up that will allow the average Nigeria to carry out a significant portion of its business transaction (Banking and Transaction) over the internet through the interconnection of enterprise resources planning (ERP) applications between enterprises, banking institution and the public sector.

Most especially, the general aims and objective are:

  1. To design and develop an easy, adaptable and financially alternative solution for the average Nigerian small or medium  enterprises and the public by hiding the complexity of the E-Banking system from the regular user and developing a low cost product.
  2. To study and emphasis on the particular important issues of data and transactions security as well as the protection of interchanging parties through modern security infrastructures.
  3. The continues-dissemination of the methodologies and the technical know how that is developed through the project towards both the academic and industrial worlds, in the form of scientific paper publications, international conference presentations and workshop bringing together field experts.