Call us Now for Inquiries on 08168759420 and 08068231953

EFFECTS OF BANK FAILURE IN NIGERIAN ECONOMY

 

ABSTRACT

The aim of the project is to provide information to the public on the “effect of bank failure in Nigeria” it is geared towards bringing to light some of the activities or services rendered by the banking industry bank failure causes and the effect to it.

 

The project is made up of five chapters. The chapter deal with the interaction, this takes about the background information about the evolution of the banking system and bank failure. The seconding chapter deals with review of related literature in this topic high lighting different writing opinion concerning bank failure causes and bank depositors it also discusses the roles of banks in Nigeria economic development.

 

More so the third chapter deals with the procedure and sources include background information population and sample construction of instrument the statistical method used in the analysis of the various data. The instrument of data analysis is tables and frequency distribution. Questionnaires were shared. Both primary and secondary data were used.

 

The further chapter discusses the data analysis and interpretation it also spiffed the responses of the respondents from the various research questions.  The impact of bank failure on the economy was significant. There was a negative relationship between bank failure and the Nigerian economy.

 

Finally chapter five provides the summary of the whole study recommendation conclusions and also area of further research.


CHAPTER ONE

1.0    INTRODUCTION

1.0    BACKGROUND OF STUDY

Failure as a word means to be unsuccessful in attempts at achieving any the objectives or aspirations. Another variance to the inability, refusal fault or weakness which prevent the achievement of any set objectives or aspiration.

Both of these draw attention to the operative world” unsuccessful inability refusal fault and weakness “therefore bank failure is the inability of a bank to meet its objection to it customers, owners and the economy occasional by fault or weakness in its operation which had wand it illiquid and later insolvent.

There is no doubt that fraud has exasperated to desperate situation in the Nigeria Banking sectors. Fraud and embezzlement are not widespread.  Both are unturned in the fraud crises jamboree.  Furthermore, fraud in its itself may not widespread. Bank are unturned in the fraud crisis may not  be a sufficient condition for a banking crisis.  The researcher submits that extremely bad management until adverse economic conditions led to unexpected capital on flows or loan losses.  Thus even if every bank which failed is judged to have suffered from mismanagement or fraud, or operated in a over populated banking market, it may well be the case that adverse, it may well be case that adverse economic conditions will be the proximate cause of many bank failure.

Employees as well as clients of firms in all industries engage in fraudulent practices all over the world.  Whilst if cannot, strictly speaking be said to be an ordinarily expected human behaviour, including the socialist societies world make one state that is an inhuman behaviour.  Although the existence of frauds in banks it not an uncommon or unexpected phenomenon, Ogwuma, P. (1985:21) says it is worrying because of all the various problems confronting the Nigerian banking industry today, that of fraud is easily the most intractable.  The banking industry worries more about fraud because of the rather obvious damaging consequences of the acts on the health and existence of the institutions.

Frequent occurrence of fraud ultimately distracts the attention of the management and leads to increase running costs.  Time and emergies that would have spend improving customer services would be experienced on preventing fraud. Moonies that also would have gone into service   improvement activities would be expended in setting fraud control procedures systems.

Banking industry, like others worries about fraud because it varies widely in nature, character and methodology. Moreover, the control of an identified specie seems to give birth to another that is invariably more sophisticated and complex.  Thus each case can be seen to be a variant of another and undoubtedly on instrument study in human negative use of ingenuity and endowant.

According to Crosse on Hampel (1973:2420), five major types of frauds are perpetrated in bank,

They include:

a.          Borrowing a few naira which are returned overtime, the sums involved incrase and the willingness and ability to “repay’ declines.

b.          Forgeries of customer’s signature to with draw from his /her accounts.

c.           Granting of loans to fictions borrowers and

d.          Granting of loans without adequate security and information from the customers.

THE EFFECTS OF BANK FAILURE IN NIGERIA

Fraud in banks are caused by two sources, the internal and external sources though distinguishable in theory, Adewuni (1986:2) posits that “these sources are very often not separable in practice “that is to say a unintentional (ie due to carelessness or error of judgment of an insider a bank employee0. Indeed it was affirmed by Soneye, O. O. (1985:3) that “the public believes and rightly too that most fraud in banks are with the active connivance of bank staff otherwise. How doe any boy explain for example, how a cheque drawn in favour of the federal government of Nigeria is paid into some private ones explain how a completed different institution or individual collects a draft, prepared in the name of an institution or individual? This is not an exception of the rules, it is a frequent occurrence”.  The source of frauds in bank can be classified into institutional factors/ lapses.

A.         Institutional Factors/ Lapses: Are causes that can be traced to the internal environment of the organization and are to a great extent, within the control of the management of the bank.  The major institutional causes of fraud are “poor management”.  This is often manifested in the following ways as identified by Adewuni (1986:3).

–     Lack of adequate supervision;

–     Inadequate control in the form of effective policies, procedure and systems.

–     Lack of adequate experience leading to lumintentional fraud;

–     Understaffing of branches leading to compromise of standards.

–     Overstaffing by employees on a particular schedule.

–     Poor salaries and conditions of services

–     Frustration and

–     High inter-dependence of extended family units in the nation” to buttress this, Ogwuma P. (1985:6) says, “but the pity of it is that many ordinarily honesty staff have become fraudster because of the demand and expectations of their relations and society in general while other have fallen victions of inter desire to “live up to the jobless” .

B.         Societal and environment factors/ lapses are factors in the environment in which banks operate.  The bank is an integral part of societal and not an is land.  The following have been identified as the societal element that causes frauds in banks.

–     Misplacement of social values as what.

–     Society appreciate and generally worships in money.

–     Society’s voerstation of bank staff and the desire of those live up to the standard of such a wrong images?

–     Inability of law enforcement agents to detect fraud.

–     Inadequate punishment of perpetors of frau to serve as deterrent and

–     Encouragement of bank staff by outsiders.

–     Individuals and fraud syndicates. There is equally widespread concern about computer fraud mainly because of difficulty in detection until losses have reached a large scale.

 

 

 

1.2    STATEMENT OF THE PROBLEMS

Every country attempts how to maintain a healthy financial system because of its importance in economic growth and development of the bank failure in the society.

From the beginning of banking in Nigeria there have been serious crisis of bank failure in the industry. This no doubt constitutes a set bank in our quest for economic growth and development.  Such a situation should not be allowed to continue.  To this causes of bank failure as the logical step towards formulating realistic policy to arrest the trend.

1.3.1              PURPOSE OF THE STUDY

The purpose of this study is to focus attention on the effect of bank failure in Nigeria which is threatening to hamper growth and development of the Nigeria economy.  To this effect the major objective of this study is to:

 

i.      Identify the causes of bank failure in Nigeria.

ii.     Formulate a model to identify failed banks.

iii.     Provide policy suggestions to minimize the occurrence of bank failure in the country.

1.4    RESEARCH QUESTIONS

1.      Can they central bank of Nigeria and deposit insurance corporation help to review some failed banks.

2.      Has the liquidity of the bank depositors been impaired bank failure.

3.      Does bank failure lead to loss of confidence by depositors on the banks?

4.      There is massive retrenchment and unemployment as a result of bank failure.

5.      Does bank failure effect the magnetization of the economy.

1.5    RESEARCH HYPOTHESIS

H0:   There no effect of bank failure in economic development of Nigeria.

H1:   There effect of bank failure in economic development of Nigeria.

H0:   Government contributes to the failure of some banks.

H2:   Government do not contribute to the failure of some banks.

H0:   There is no solution to bank failure in Nigeria economy.

H3:   There is solution to bank failure in Nigeria economy.

H0:   There is massive retrenchment as result of bank failure.

H4:   There is no massive retrenchment as result of bank failure.

1.6    SIGNIFICANCE OF THE STUDY

The significance of this study is to achieve a great success in contributing the little the researcher can, if not a great deal in solving the bank failure problem in Nigeria which will in turn being about an immense change in the Nigeria banking sector with practical reference to standard trust bank Enugu.

It is a well hope that this research work will definitely enlightening the staff an management of banks especially Standard Trust Bank Enugu.  In additional it will bring about more profitably contribution and improvement to every other bank nationwide to know their problem and locations, furthermore, this study will serve as means to tackle most of the inherent problems effectively.  Again it will help the society on large in the evens or to be as favourably side of the failures syndrome on Nigeria banks is eradicated completed.

Finally, through the researcher restricted the study to Enugu State and Standard Trust Bank the result of findings will be of immense benefit to all banks in Nigeria as well as students conducting similar research on the same topic or related one.

 

 

 

TABLE OF CONTENT:

 

CHAPTER ONE

INTRODUCTION

1.1     Background of the Study

1.2     Statement of the Research Problem

1.3     Objectives of the Study

1.4     Significance of the Study

1.5     Research Questions

1.6     Research Hypothesis

1.7     Conceptual and Operational Definition

1.8     Assumptions

1.9     Limitations of the Study

 

CHAPTER TWO

LITERATURE REVIEW

2.1     Sources of Literature

2.2     The Review

2.3     Summary of Literature Review

 

CHAPTER THREE

RESEARCH METHODOLOGY

3.1     Research Method

3.2     Research Design

3.3     Research Sample

3.4     Measuring Instrument

3.5     Data Collection

3.6     Data Analysis

3.7     Expected Result

CHAPTER FOUR

DATA ANALYSIS AND RESULTS

4.1     Data Analysis

4.2     Results

4.3     Discussion

CHAPTER FIVE

SUMMARY AND RECOMMENDATIONS

5.1     Summary

5.2     Recommendations for Further Study

Bibliography

 

 

 

HOW TO GET THE FULL PROJECT WORK

 

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

 

HOW TO RECEIVE PROJECT MATERIAL(S)

After paying the appropriate amount (#3000) into our bank Account below, send the following information to

08139462710 or 08137701720

 

(1)    Your project topics

(2)     Email Address

(3)     Payment Name

(4)    Teller Number

We will send your material(s) immediately we receive bank alert

 

BANK ACCOUNTS

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 0046579864

Bank: GTBank.

 

OR

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 2023350498

Bank: UBA.

 

HOW TO IDENTIFY SCAM/FRAUD

As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.

 

But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.

 

Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.

 

No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner

 

CAUTION/WARNING

Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project.  Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.

 

That you ordered this material shows you have agreed not to copy word-to-word.

 

 

FOR MORE INFORMATION, CALL:

08139462710 or 08137701720

 

YOU CAN ALSO CALL:

08068231953, 08168759420

 

 

Visit any of our project websites below:

www.easyprojectmaterials.com

www.easyprojectmaterials.com.ng

www.easyprojectmaterial.net

www.easyprojectmaterial.net.ng

www.easyprojectsolutions.com

www.worldofnolimit.com

www.worldofnolimit.com

 

 

 

 

 

 

Tags:

7 years ago 0 Comments Short URL

EFFECTS OF BANK FAILURE IN NIGERIAN ECONOMY

 

ABSTRACT

The aim of the project is to provide information to the public on the “effect of bank failure in Nigeria” it is geared towards bringing to light some of the activities or services rendered by the banking industry bank failure causes and the effect to it.

 

The project is made up of five chapters. The chapter deal with the interaction, this takes about the background information about the evolution of the banking system and bank failure. The seconding chapter deals with review of related literature in this topic high lighting different writing opinion concerning bank failure causes and bank depositors it also discusses the roles of banks in Nigeria economic development.

 

More so the third chapter deals with the procedure and sources include background information population and sample construction of instrument the statistical method used in the analysis of the various data. The instrument of data analysis is tables and frequency distribution. Questionnaires were shared. Both primary and secondary data were used.

 

The further chapter discusses the data analysis and interpretation it also spiffed the responses of the respondents from the various research questions.  The impact of bank failure on the economy was significant. There was a negative relationship between bank failure and the Nigerian economy.

 

Finally chapter five provides the summary of the whole study recommendation conclusions and also area of further research.


CHAPTER ONE

1.0    INTRODUCTION

1.0    BACKGROUND OF STUDY

Failure as a word means to be unsuccessful in attempts at achieving any the objectives or aspirations. Another variance to the inability, refusal fault or weakness which prevent the achievement of any set objectives or aspiration.

Both of these draw attention to the operative world” unsuccessful inability refusal fault and weakness “therefore bank failure is the inability of a bank to meet its objection to it customers, owners and the economy occasional by fault or weakness in its operation which had wand it illiquid and later insolvent.

There is no doubt that fraud has exasperated to desperate situation in the Nigeria Banking sectors. Fraud and embezzlement are not widespread.  Both are unturned in the fraud crises jamboree.  Furthermore, fraud in its itself may not widespread. Bank are unturned in the fraud crisis may not  be a sufficient condition for a banking crisis.  The researcher submits that extremely bad management until adverse economic conditions led to unexpected capital on flows or loan losses.  Thus even if every bank which failed is judged to have suffered from mismanagement or fraud, or operated in a over populated banking market, it may well be the case that adverse, it may well be case that adverse economic conditions will be the proximate cause of many bank failure.

Employees as well as clients of firms in all industries engage in fraudulent practices all over the world.  Whilst if cannot, strictly speaking be said to be an ordinarily expected human behaviour, including the socialist societies world make one state that is an inhuman behaviour.  Although the existence of frauds in banks it not an uncommon or unexpected phenomenon, Ogwuma, P. (1985:21) says it is worrying because of all the various problems confronting the Nigerian banking industry today, that of fraud is easily the most intractable.  The banking industry worries more about fraud because of the rather obvious damaging consequences of the acts on the health and existence of the institutions.

Frequent occurrence of fraud ultimately distracts the attention of the management and leads to increase running costs.  Time and emergies that would have spend improving customer services would be experienced on preventing fraud. Moonies that also would have gone into service   improvement activities would be expended in setting fraud control procedures systems.

Banking industry, like others worries about fraud because it varies widely in nature, character and methodology. Moreover, the control of an identified specie seems to give birth to another that is invariably more sophisticated and complex.  Thus each case can be seen to be a variant of another and undoubtedly on instrument study in human negative use of ingenuity and endowant.

According to Crosse on Hampel (1973:2420), five major types of frauds are perpetrated in bank,

They include:

a.          Borrowing a few naira which are returned overtime, the sums involved incrase and the willingness and ability to “repay’ declines.

b.          Forgeries of customer’s signature to with draw from his /her accounts.

c.           Granting of loans to fictions borrowers and

d.          Granting of loans without adequate security and information from the customers.

THE EFFECTS OF BANK FAILURE IN NIGERIA

Fraud in banks are caused by two sources, the internal and external sources though distinguishable in theory, Adewuni (1986:2) posits that “these sources are very often not separable in practice “that is to say a unintentional (ie due to carelessness or error of judgment of an insider a bank employee0. Indeed it was affirmed by Soneye, O. O. (1985:3) that “the public believes and rightly too that most fraud in banks are with the active connivance of bank staff otherwise. How doe any boy explain for example, how a cheque drawn in favour of the federal government of Nigeria is paid into some private ones explain how a completed different institution or individual collects a draft, prepared in the name of an institution or individual? This is not an exception of the rules, it is a frequent occurrence”.  The source of frauds in bank can be classified into institutional factors/ lapses.

A.         Institutional Factors/ Lapses: Are causes that can be traced to the internal environment of the organization and are to a great extent, within the control of the management of the bank.  The major institutional causes of fraud are “poor management”.  This is often manifested in the following ways as identified by Adewuni (1986:3).

–     Lack of adequate supervision;

–     Inadequate control in the form of effective policies, procedure and systems.

–     Lack of adequate experience leading to lumintentional fraud;

–     Understaffing of branches leading to compromise of standards.

–     Overstaffing by employees on a particular schedule.

–     Poor salaries and conditions of services

–     Frustration and

–     High inter-dependence of extended family units in the nation” to buttress this, Ogwuma P. (1985:6) says, “but the pity of it is that many ordinarily honesty staff have become fraudster because of the demand and expectations of their relations and society in general while other have fallen victions of inter desire to “live up to the jobless” .

B.         Societal and environment factors/ lapses are factors in the environment in which banks operate.  The bank is an integral part of societal and not an is land.  The following have been identified as the societal element that causes frauds in banks.

–     Misplacement of social values as what.

–     Society appreciate and generally worships in money.

–     Society’s voerstation of bank staff and the desire of those live up to the standard of such a wrong images?

–     Inability of law enforcement agents to detect fraud.

–     Inadequate punishment of perpetors of frau to serve as deterrent and

–     Encouragement of bank staff by outsiders.

–     Individuals and fraud syndicates. There is equally widespread concern about computer fraud mainly because of difficulty in detection until losses have reached a large scale.

 

 

 

1.2    STATEMENT OF THE PROBLEMS

Every country attempts how to maintain a healthy financial system because of its importance in economic growth and development of the bank failure in the society.

From the beginning of banking in Nigeria there have been serious crisis of bank failure in the industry. This no doubt constitutes a set bank in our quest for economic growth and development.  Such a situation should not be allowed to continue.  To this causes of bank failure as the logical step towards formulating realistic policy to arrest the trend.

1.3.1              PURPOSE OF THE STUDY

The purpose of this study is to focus attention on the effect of bank failure in Nigeria which is threatening to hamper growth and development of the Nigeria economy.  To this effect the major objective of this study is to:

 

i.      Identify the causes of bank failure in Nigeria.

ii.     Formulate a model to identify failed banks.

iii.     Provide policy suggestions to minimize the occurrence of bank failure in the country.

1.4    RESEARCH QUESTIONS

1.      Can they central bank of Nigeria and deposit insurance corporation help to review some failed banks.

2.      Has the liquidity of the bank depositors been impaired bank failure.

3.      Does bank failure lead to loss of confidence by depositors on the banks?

4.      There is massive retrenchment and unemployment as a result of bank failure.

5.      Does bank failure effect the magnetization of the economy.

1.5    RESEARCH HYPOTHESIS

H0:   There no effect of bank failure in economic development of Nigeria.

H1:   There effect of bank failure in economic development of Nigeria.

H0:   Government contributes to the failure of some banks.

H2:   Government do not contribute to the failure of some banks.

H0:   There is no solution to bank failure in Nigeria economy.

H3:   There is solution to bank failure in Nigeria economy.

H0:   There is massive retrenchment as result of bank failure.

H4:   There is no massive retrenchment as result of bank failure.

1.6    SIGNIFICANCE OF THE STUDY

The significance of this study is to achieve a great success in contributing the little the researcher can, if not a great deal in solving the bank failure problem in Nigeria which will in turn being about an immense change in the Nigeria banking sector with practical reference to standard trust bank Enugu.

It is a well hope that this research work will definitely enlightening the staff an management of banks especially Standard Trust Bank Enugu.  In additional it will bring about more profitably contribution and improvement to every other bank nationwide to know their problem and locations, furthermore, this study will serve as means to tackle most of the inherent problems effectively.  Again it will help the society on large in the evens or to be as favourably side of the failures syndrome on Nigeria banks is eradicated completed.

Finally, through the researcher restricted the study to Enugu State and Standard Trust Bank the result of findings will be of immense benefit to all banks in Nigeria as well as students conducting similar research on the same topic or related one.

 

 

 

TABLE OF CONTENT:

 

CHAPTER ONE

INTRODUCTION

1.1     Background of the Study

1.2     Statement of the Research Problem

1.3     Objectives of the Study

1.4     Significance of the Study

1.5     Research Questions

1.6     Research Hypothesis

1.7     Conceptual and Operational Definition

1.8     Assumptions

1.9     Limitations of the Study

 

CHAPTER TWO

LITERATURE REVIEW

2.1     Sources of Literature

2.2     The Review

2.3     Summary of Literature Review

 

CHAPTER THREE

RESEARCH METHODOLOGY

3.1     Research Method

3.2     Research Design

3.3     Research Sample

3.4     Measuring Instrument

3.5     Data Collection

3.6     Data Analysis

3.7     Expected Result

CHAPTER FOUR

DATA ANALYSIS AND RESULTS

4.1     Data Analysis

4.2     Results

4.3     Discussion

CHAPTER FIVE

SUMMARY AND RECOMMENDATIONS

5.1     Summary

5.2     Recommendations for Further Study

Bibliography

 

 

 

HOW TO GET THE FULL PROJECT WORK

 

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

 

HOW TO RECEIVE PROJECT MATERIAL(S)

After paying the appropriate amount (#10000) into our bank Account below, send the following information to

08139462710 or 08137701720

 

(1)    Your project topics

(2)     Email Address

(3)     Payment Name

(4)    Teller Number

We will send your material(s) immediately we receive bank alert

 

BANK ACCOUNTS

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 0046579864

Bank: GTBank.

 

OR

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 2023350498

Bank: UBA.

 

HOW TO IDENTIFY SCAM/FRAUD

As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.

 

But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.

 

Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.

 

No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner

 

CAUTION/WARNING

Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project.  Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.

 

That you ordered this material shows you have agreed not to copy word-to-word.

 

 

FOR MORE INFORMATION, CALL:

08139462710 or 08137701720

 

YOU CAN ALSO CALL:

08068231953, 08168759420

 

 

Visit any of our project websites below:

www.easyprojectmaterials.com

www.easyprojectmaterials.com.ng

www.easyprojectmaterial.net

www.easyprojectmaterial.net.ng

www.easyprojectsolutions.com

www.worldofnolimit.com

www.worldofnolimit.com

 

 

 

 

 

 

Tags:

7 years ago 0 Comments Short URL

EFFECTS OF BANK FAILURE IN NIGERIAN ECONOMY

 

ABSTRACT

The aim of the project is to provide information to the public on the “effect of bank failure in Nigeria” it is geared towards bringing to light some of the activities or services rendered by the banking industry bank failure causes and the effect to it.

 

The project is made up of five chapters. The chapter deal with the interaction, this takes about the background information about the evolution of the banking system and bank failure. The seconding chapter deals with review of related literature in this topic high lighting different writing opinion concerning bank failure causes and bank depositors it also discusses the roles of banks in Nigeria economic development.

 

More so the third chapter deals with the procedure and sources include background information population and sample construction of instrument the statistical method used in the analysis of the various data. The instrument of data analysis is tables and frequency distribution. Questionnaires were shared. Both primary and secondary data were used.

 

The further chapter discusses the data analysis and interpretation it also spiffed the responses of the respondents from the various research questions.  The impact of bank failure on the economy was significant. There was a negative relationship between bank failure and the Nigerian economy.

 

Finally chapter five provides the summary of the whole study recommendation conclusions and also area of further research.


CHAPTER ONE

1.0    INTRODUCTION

1.0    BACKGROUND OF STUDY

Failure as a word means to be unsuccessful in attempts at achieving any the objectives or aspirations. Another variance to the inability, refusal fault or weakness which prevent the achievement of any set objectives or aspiration.

Both of these draw attention to the operative world” unsuccessful inability refusal fault and weakness “therefore bank failure is the inability of a bank to meet its objection to it customers, owners and the economy occasional by fault or weakness in its operation which had wand it illiquid and later insolvent.

There is no doubt that fraud has exasperated to desperate situation in the Nigeria Banking sectors. Fraud and embezzlement are not widespread.  Both are unturned in the fraud crises jamboree.  Furthermore, fraud in its itself may not widespread. Bank are unturned in the fraud crisis may not  be a sufficient condition for a banking crisis.  The researcher submits that extremely bad management until adverse economic conditions led to unexpected capital on flows or loan losses.  Thus even if every bank which failed is judged to have suffered from mismanagement or fraud, or operated in a over populated banking market, it may well be the case that adverse, it may well be case that adverse economic conditions will be the proximate cause of many bank failure.

Employees as well as clients of firms in all industries engage in fraudulent practices all over the world.  Whilst if cannot, strictly speaking be said to be an ordinarily expected human behaviour, including the socialist societies world make one state that is an inhuman behaviour.  Although the existence of frauds in banks it not an uncommon or unexpected phenomenon, Ogwuma, P. (1985:21) says it is worrying because of all the various problems confronting the Nigerian banking industry today, that of fraud is easily the most intractable.  The banking industry worries more about fraud because of the rather obvious damaging consequences of the acts on the health and existence of the institutions.

Frequent occurrence of fraud ultimately distracts the attention of the management and leads to increase running costs.  Time and emergies that would have spend improving customer services would be experienced on preventing fraud. Moonies that also would have gone into service   improvement activities would be expended in setting fraud control procedures systems.

Banking industry, like others worries about fraud because it varies widely in nature, character and methodology. Moreover, the control of an identified specie seems to give birth to another that is invariably more sophisticated and complex.  Thus each case can be seen to be a variant of another and undoubtedly on instrument study in human negative use of ingenuity and endowant.

According to Crosse on Hampel (1973:2420), five major types of frauds are perpetrated in bank,

They include:

a.          Borrowing a few naira which are returned overtime, the sums involved incrase and the willingness and ability to “repay’ declines.

b.          Forgeries of customer’s signature to with draw from his /her accounts.

c.           Granting of loans to fictions borrowers and

d.          Granting of loans without adequate security and information from the customers.

THE EFFECTS OF BANK FAILURE IN NIGERIA

Fraud in banks are caused by two sources, the internal and external sources though distinguishable in theory, Adewuni (1986:2) posits that “these sources are very often not separable in practice “that is to say a unintentional (ie due to carelessness or error of judgment of an insider a bank employee0. Indeed it was affirmed by Soneye, O. O. (1985:3) that “the public believes and rightly too that most fraud in banks are with the active connivance of bank staff otherwise. How doe any boy explain for example, how a cheque drawn in favour of the federal government of Nigeria is paid into some private ones explain how a completed different institution or individual collects a draft, prepared in the name of an institution or individual? This is not an exception of the rules, it is a frequent occurrence”.  The source of frauds in bank can be classified into institutional factors/ lapses.

A.         Institutional Factors/ Lapses: Are causes that can be traced to the internal environment of the organization and are to a great extent, within the control of the management of the bank.  The major institutional causes of fraud are “poor management”.  This is often manifested in the following ways as identified by Adewuni (1986:3).

–     Lack of adequate supervision;

–     Inadequate control in the form of effective policies, procedure and systems.

–     Lack of adequate experience leading to lumintentional fraud;

–     Understaffing of branches leading to compromise of standards.

–     Overstaffing by employees on a particular schedule.

–     Poor salaries and conditions of services

–     Frustration and

–     High inter-dependence of extended family units in the nation” to buttress this, Ogwuma P. (1985:6) says, “but the pity of it is that many ordinarily honesty staff have become fraudster because of the demand and expectations of their relations and society in general while other have fallen victions of inter desire to “live up to the jobless” .

B.         Societal and environment factors/ lapses are factors in the environment in which banks operate.  The bank is an integral part of societal and not an is land.  The following have been identified as the societal element that causes frauds in banks.

–     Misplacement of social values as what.

–     Society appreciate and generally worships in money.

–     Society’s voerstation of bank staff and the desire of those live up to the standard of such a wrong images?

–     Inability of law enforcement agents to detect fraud.

–     Inadequate punishment of perpetors of frau to serve as deterrent and

–     Encouragement of bank staff by outsiders.

–     Individuals and fraud syndicates. There is equally widespread concern about computer fraud mainly because of difficulty in detection until losses have reached a large scale.

 

 

 

1.2    STATEMENT OF THE PROBLEMS

Every country attempts how to maintain a healthy financial system because of its importance in economic growth and development of the bank failure in the society.

From the beginning of banking in Nigeria there have been serious crisis of bank failure in the industry. This no doubt constitutes a set bank in our quest for economic growth and development.  Such a situation should not be allowed to continue.  To this causes of bank failure as the logical step towards formulating realistic policy to arrest the trend.

1.3.1              PURPOSE OF THE STUDY

The purpose of this study is to focus attention on the effect of bank failure in Nigeria which is threatening to hamper growth and development of the Nigeria economy.  To this effect the major objective of this study is to:

 

i.      Identify the causes of bank failure in Nigeria.

ii.     Formulate a model to identify failed banks.

iii.     Provide policy suggestions to minimize the occurrence of bank failure in the country.

1.4    RESEARCH QUESTIONS

1.      Can they central bank of Nigeria and deposit insurance corporation help to review some failed banks.

2.      Has the liquidity of the bank depositors been impaired bank failure.

3.      Does bank failure lead to loss of confidence by depositors on the banks?

4.      There is massive retrenchment and unemployment as a result of bank failure.

5.      Does bank failure effect the magnetization of the economy.

1.5    RESEARCH HYPOTHESIS

H0:   There no effect of bank failure in economic development of Nigeria.

H1:   There effect of bank failure in economic development of Nigeria.

H0:   Government contributes to the failure of some banks.

H2:   Government do not contribute to the failure of some banks.

H0:   There is no solution to bank failure in Nigeria economy.

H3:   There is solution to bank failure in Nigeria economy.

H0:   There is massive retrenchment as result of bank failure.

H4:   There is no massive retrenchment as result of bank failure.

1.6    SIGNIFICANCE OF THE STUDY

The significance of this study is to achieve a great success in contributing the little the researcher can, if not a great deal in solving the bank failure problem in Nigeria which will in turn being about an immense change in the Nigeria banking sector with practical reference to standard trust bank Enugu.

It is a well hope that this research work will definitely enlightening the staff an management of banks especially Standard Trust Bank Enugu.  In additional it will bring about more profitably contribution and improvement to every other bank nationwide to know their problem and locations, furthermore, this study will serve as means to tackle most of the inherent problems effectively.  Again it will help the society on large in the evens or to be as favourably side of the failures syndrome on Nigeria banks is eradicated completed.

Finally, through the researcher restricted the study to Enugu State and Standard Trust Bank the result of findings will be of immense benefit to all banks in Nigeria as well as students conducting similar research on the same topic or related one.

 

 

 

TABLE OF CONTENT:

 

CHAPTER ONE

INTRODUCTION

1.1     Background of the Study

1.2     Statement of the Research Problem

1.3     Objectives of the Study

1.4     Significance of the Study

1.5     Research Questions

1.6     Research Hypothesis

1.7     Conceptual and Operational Definition

1.8     Assumptions

1.9     Limitations of the Study

 

CHAPTER TWO

LITERATURE REVIEW

2.1     Sources of Literature

2.2     The Review

2.3     Summary of Literature Review

 

CHAPTER THREE

RESEARCH METHODOLOGY

3.1     Research Method

3.2     Research Design

3.3     Research Sample

3.4     Measuring Instrument

3.5     Data Collection

3.6     Data Analysis

3.7     Expected Result

CHAPTER FOUR

DATA ANALYSIS AND RESULTS

4.1     Data Analysis

4.2     Results

4.3     Discussion

CHAPTER FIVE

SUMMARY AND RECOMMENDATIONS

5.1     Summary

5.2     Recommendations for Further Study

Bibliography

 

 

 

HOW TO GET THE FULL PROJECT WORK

 

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

 

HOW TO RECEIVE PROJECT MATERIAL(S)

After paying the appropriate amount (#5000) into our bank Account below, send the following information to

08139462710 or 08137701720

 

(1)    Your project topics

(2)     Email Address

(3)     Payment Name

(4)    Teller Number

We will send your material(s) immediately we receive bank alert

 

BANK ACCOUNTS

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 0046579864

Bank: GTBank.

 

OR

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 2023350498

Bank: UBA.

 

HOW TO IDENTIFY SCAM/FRAUD

As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.

 

But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.

 

Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.

 

No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner

 

CAUTION/WARNING

Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project.  Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.

 

That you ordered this material shows you have agreed not to copy word-to-word.

 

 

FOR MORE INFORMATION, CALL:

08139462710 or 08137701720

 

YOU CAN ALSO CALL:

08068231953, 08168759420

 

 

Visit any of our project websites below:

www.easyprojectmaterials.com

www.easyprojectmaterials.com.ng

www.easyprojectmaterial.net

www.easyprojectmaterial.net.ng

www.easyprojectsolutions.com

www.worldofnolimit.com

www.worldofnolimit.com

 

 

 

 

 

 

Tags:

7 years ago 0 Comments Short URL

THE IMPACT OF INTEREST RATE DEREGULATION ON COMMERCIAL BANKS LENDING OPERATIONS IN NIGERIA (CASE STUDY OF UNION BANK OF NIGERIA PLC)

ABSTRACT
The economy of Nigeria has a lot of structural distortion is the 1980’s. The economy policies pursued prior to 1985 made the Nigeria economy price distortions created by a highly over-valued currency and inappropriate pricing of agricultural and other local products.

The control measure introduced prior to deregulation of the economy were unable to improve the economy positively, instead, that period was characterized by short- supply of industrial inputs. Plant closure, large retrenchment of workers, shortage of goods and price inflation with unfavourable balance of payment.

The Federal Government has pursued vigorously the policy of deregulation of the economy. The structural adjustment programme was designed to attack and remove the Fundamental structural distortions prevalent in the Nigeria economy. Commercial banks should equally anticipate and sensitize itself with the challenges of a deregulated economy.

The major deregulation policies used were deregulation of interest rates structure, introduction of second tier foreign exchange market.

Since the Federal Government is contemplating deregulation as the only paramount solution to the distorted economic structure. The banking Industry (Commercial Banks) need to reposition itself to take full advantage of the gains that might arise from such deregulation. Commercial banks should equally anticipate and sensitize itself with the challenges of a deregulated economy.

APPENDIX 11
QUESTIONAIRE ADMINISTERD AMONG THE BANKING PUBLIC

Dear sir/ Madam,
This questionnaire is part of a research into the impact of interest rate deregulation on commercial banks lending operations in Nigeria

The research is in partial fulfillment of the requirement for the a ward of a Higher National Diploma (H.N.D) In Banking and Financial Department

Kindly read each question and briefly express your opinion, your honest and Unbiased opinion is highly solicited for as they will help me with date will be treated in strict confidence.
Thanks for your cooperation.
NEAMADI CHIGOZIE .M.

TABLE OF CONTENT

Title page i
Approval page ii
Dedication iii
Acknowledgement iv
Abstract v
Table of contents vi
CHAPTER ONE
1.0 INTRODUCTION
1.1 Statement of problem
1.2 Purpose of study
1.3 Significance and relevance of study
1.4 Scope and limitation of study
1.5 Formulation of Hypothesis
1.6 Research methodology
1.7 Definition of terms
CHAPTER TWO
2.0 LITERATURE REVIEW
2.1. Conceptual framework

2.2. Empirical framework
CHAPTER THREE
3.0 RESEARCH METHODOLOGY
3.1 Research Designs
3.2 Sample size
3.3 Source of Data
3.4 Data Collection Method
3.5 Technique of Data Analysis

CHAPTER FOUR
4.0 DATA PRESENTATION AND ANALYSIS
4.1 Data presentation
4.2 Data Analysis
4.3 Test of Hypothesis

CHAPTER FIVE
5.0 SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 Summary of general findings
Conclusion
Recommendation
Bibliography
Appendix- Questionnaire
CHAPTER ONE
1.0 INTRODUCTION
The economy of Nigeria had a lot of structural distortions in the 1980s. The economic policies pursued prior to 1985 made the Nigeria economy vulnerable to external shock. Consequently the 1986 budget sought to de-emphasized controls and adopted policy measures aimed at expanding the economy resource balc. To attain this goal the 1986 budget at a tone in the structural adjustment programme which was launched in July 1980 with the introduction of structural adjustment programme came to deregulation of the Nigerian economy.

The deregulation policy which the structural adjustment called for is the process by process by which government remove selected regulations in bull-mess or order to encourage the efficient operation of market.

The theory is that fever regulations will lead to a raised level of competitiveness, therefore higher productivity, more efficiency and lower price overall. The deregulation policy was deigned to.
i. Restructure and diversity the productive base of the economy in order to reduce dependency on the oil sector.
ii. To achieve focal and balance of payment viability.
iii. To lay the basis for sustainable non- inflationary or minimal inflationary growth rate.
iv. To lesion the dominance of unproductive investment in the economy, improve the sectors efficiency and intensity the growth the sectors efficiency and intensity the growth potential of the private sector. The listed aims are not exhaustive.
The banking industry which is a major instrument through which government execute their policies, need to appropriately reposition itself to take full advantages of the gains that might arise from deregulation, as well as face the challenges.

Deregulation of the economy will definitely prose some challenges to the banking industry. However the ability to copy with the challenges which will come in the form competitive lending rates, effective management of credit risk, level of expertise in investment banking and cooperate finance activities will all be the important determinant of success for banks.

As a financial intermediary, commercial banks are expected to witness an increase in credit request with concessionaries interest rate. This is as a result of high rate of return that is expected from deregulation of the economy, especially toward deregulation of petroleum products which will definitely attract investors. This is where in the banking industry come in.

The project will therefore aim at analyzing the effect the deregulation of the economy will have on activated of commercial banks.
1.1 STATEMENT OF PROBLEM
Due to the underdeveloped nature of Nigeria banking system it is sometime said that banks have not met the standard expected to them in the process of economic development especially with the introduction of deregulatory policy. There are many problems which the commercial bank is not exception some of the problem to be treated in the text which of course threatens the financial performance of commercial banks are as follows.
The reluctant competition between commercial banks as a result of the deregulatory policy and the possibility of bank failure which prompted the Federal Government to establish the Nigeria Deposit insurance corporation.
i. Ability to cope with the high demand for bank loans with competitive lending rate.
ii. The level of expertise in investment banking and corporate finance.
iii. Ability to effectively manage credit risk these with other problems threatens the financial performance to commercial bank due to the introduction the deregulation of the economy.

1.2 PURPOSE OF THE STUDY
The general purpose of this study is to examine the performance of commercial banks under a deregulated economy with a view of assessing, the effect, challenges, and benefits as well as achievement such deregulation will pose on commercial banks.

This study attempt to critically identify and analyze the impact of government deregulation of the economy on commercial banks with the aim making useful recommendation son how to improve commercial bank performance.

Emphasis will also be made on the current banking practices and habit as means of battling with the challenges and the threats deregulation has brought with it. Also to identify the various achievements made with the inception of the policy as well as to examine how effective commercial banks have been since the inception of the policy.

Furthermore this text will try to compare the activities of commercial banks under the system of regulation and deregulation and deregulation in order to know if the main objective of the policy is been achieve. Recommendation that will enhance the efficiency of banks operations will equally be made.
1.3 SIGNIFICANCE AND RLEVANCE OF THE STUDY
The findings of this work will contribute to knowledge in the subject matter, other researcher students and the entire public will hopefully benefit from this study since it will form the basis for other research for other research work.

1.4 SCOPE AND LIMITATION OF THE STUDY
This study will cover a period of four year period (2000-2004) and a case study approach using first Bank Plc will be adopted. This project will concern itself with the financial performance of commercial banks as measured by a study of the effect of economic deregulation of the various activities of commercial banks.

In order to obtain a broader picture of the effect the deregulations of the economy have on commercial banks. Question arises will also be administer on some other selected banks, in Owerri.

However emphasis on the research will be based on First Bank of Nigeria Plc Owerri

The study will be constrained by the following:
i. The policies and conventions employed by first banks of Nigerian Plc will not necessary be the same as those used by other banks.
ii. The deregulation policies as used by the Federal Government through central bank of Nigeria on a regular basis. There is the possibility that not all policies will be available for this study.
iii. Lack of access to computation and compulsivity of handling multivariate data analysis may pole the greatest problem for the study.
Due to the time limitation and financial constraint it will not be possible in visit more than three commercial banks with concentration on first Bank of Nigeria Plc Owerri.
1.5 FORMILATION OF HYPOTHESIS
The following hypothesis will be tested.
i. The deregulation of the economy resulted in an upsurge I n the number of commercial banks in the country.
ii. The deregulation of the economy has resulted an increase in commercial banks profitability.
iii. Deregulation of the economy has led to a shape increase in banks bad and doubtful dept.
The research shall restrict itself with the use descriptive hypothesis. The null and alternative hypotheses which are normally used in statistical testing will be use, with null hypothesis represented as Ho and alternative hypothesis represented by H1.
1.6 RESEARCH METHODOLOGY
The research methodology will involve the collection of data through oral interviews to top management staff of some commercial banks, namely spring bank guarantee truest bank first ban al in Owerri.

Questionnaire will also be administered to the staff of there banks s well as the use of their financial statement. The researches will analysis the banks records from 200-2004 (A period of form years) both years inclusive.

The research will adopt the case study approach in its analysis and First Bank of Nigeria Plc, Owerri branch will be used as the case study. Major analysis will be based on information received from First Bank Plc, Owerri branch.
1.6 DEFINITION OF TERMS
1. Collateral: An item of value demanded by banks as security for loans granted to customers.
2. Credit: Money created by commercial banks through the media of loans and discounts granted to customers.
3. Data: Any kind of information (numerical or non- numerical) relevant to research.
4. Data Analysis: Critical examination of data with explanations and interpretations of research data.
5. Interview: Discullion or conference between two or more people either buy face to face or through a medium such at telephone.
6. Loan: Money lent to customer by banks
7. Over draft: Amount of money by which a bank account is been overdrawn by a customer.
8. Advance: Money paid before the due date.
9. Bank: An institution which borrows money from the public and also lend it to the public.
10. Commercial Bank: Banks designed to lend short term loan and overdraft to their customers.
11. Concept: A term having universal acceptable definition or meaning.
12. Delimitation and limitation: Constraints or problem the research encountered in the course of the research.
13. Population: Totality of all items under study.
14. Primary Data: Data that is made use of by the same person who collected it.
15. Research: Investigation under taking to discover or confirm the existence of something, or to get additional information or knowledge about something.
16. Methodology: Procedure and technique used, including problems encountered in the course of the research.
17. Questionnaire: List of questions in a printed form administered to respondents.
18. Sample: Traction or part of the population taken in a specified, manner.
19. Null Hypothesis: A statistical hypothesis formulated for the purpose of rejecting or nullifying the hypothesis.
20. Oval interview: Face to face interview with the respondent.
21. Respondent: People (Sample of the population) who respondent to the questionnaire or were interviewed.
22. Variable: Any feature possessed by members of a population that differed from one another.
23. Return: The measure of profitability on investment.
24. Ratio: A sample mathematical expression of the relationship of one item to the other.
25. Trend: Time movement in a set of observation taken at specified time period usually at equal intervals.
26. Interest Rate: Rental payment for the use of credit y borrows and returns for parting with liquidity by lenders.

 

HOW TO GET THE FULL PROJECT WORK

 

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

 

HOW TO RECEIVE PROJECT MATERIAL(S)

After paying the appropriate amount (#3000) into our bank Account below, send the following information to

08139462710 or 08137701720

 

(1)    Your project topics

(2)     Email Address

(3)     Payment Name

(4)    Teller Number

We will send your material(s) immediately we receive bank alert

 

BANK ACCOUNTS

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 0046579864

Bank: GTBank.

 

OR

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 2023350498

Bank: UBA.

 

HOW TO IDENTIFY SCAM/FRAUD

As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.

 

But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.

 

Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.

 

No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner

 

CAUTION/WARNING

Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project.  Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.

 

That you ordered this material shows you have agreed not to copy word-to-word.

 

 

FOR MORE INFORMATION, CALL:

08139462710 or 08137701720

 

YOU CAN ALSO CALL:

08068231953, 08168759420

 

 

Visit any of our project websites below:

www.easyprojectmaterials.com

www.easyprojectmaterials.com.ng

www.easyprojectmaterial.net

www.easyprojectmaterial.net.ng

www.easyprojectsolutions.com

www.worldofnolimit.com

www.worldofnolimit.com

 

 

 

Tags:

7 years ago 0 Comments Short URL

THE IMPACT OF INTEREST RATE DEREGULATION ON COMMERCIAL BANKS LENDING OPERATIONS IN NIGERIA (CASE STUDY OF UNION BANK OF NIGERIA PLC)

ABSTRACT
The economy of Nigeria has a lot of structural distortion is the 1980’s. The economy policies pursued prior to 1985 made the Nigeria economy price distortions created by a highly over-valued currency and inappropriate pricing of agricultural and other local products.

The control measure introduced prior to deregulation of the economy were unable to improve the economy positively, instead, that period was characterized by short- supply of industrial inputs. Plant closure, large retrenchment of workers, shortage of goods and price inflation with unfavourable balance of payment.

The Federal Government has pursued vigorously the policy of deregulation of the economy. The structural adjustment programme was designed to attack and remove the Fundamental structural distortions prevalent in the Nigeria economy. Commercial banks should equally anticipate and sensitize itself with the challenges of a deregulated economy.

The major deregulation policies used were deregulation of interest rates structure, introduction of second tier foreign exchange market.

Since the Federal Government is contemplating deregulation as the only paramount solution to the distorted economic structure. The banking Industry (Commercial Banks) need to reposition itself to take full advantage of the gains that might arise from such deregulation. Commercial banks should equally anticipate and sensitize itself with the challenges of a deregulated economy.

APPENDIX 11
QUESTIONAIRE ADMINISTERD AMONG THE BANKING PUBLIC

Dear sir/ Madam,
This questionnaire is part of a research into the impact of interest rate deregulation on commercial banks lending operations in Nigeria

The research is in partial fulfillment of the requirement for the a ward of a Higher National Diploma (H.N.D) In Banking and Financial Department

Kindly read each question and briefly express your opinion, your honest and Unbiased opinion is highly solicited for as they will help me with date will be treated in strict confidence.
Thanks for your cooperation.
NEAMADI CHIGOZIE .M.

TABLE OF CONTENT

Title page i
Approval page ii
Dedication iii
Acknowledgement iv
Abstract v
Table of contents vi
CHAPTER ONE
1.0 INTRODUCTION
1.1 Statement of problem
1.2 Purpose of study
1.3 Significance and relevance of study
1.4 Scope and limitation of study
1.5 Formulation of Hypothesis
1.6 Research methodology
1.7 Definition of terms
CHAPTER TWO
2.0 LITERATURE REVIEW
2.1. Conceptual framework

2.2. Empirical framework
CHAPTER THREE
3.0 RESEARCH METHODOLOGY
3.1 Research Designs
3.2 Sample size
3.3 Source of Data
3.4 Data Collection Method
3.5 Technique of Data Analysis

CHAPTER FOUR
4.0 DATA PRESENTATION AND ANALYSIS
4.1 Data presentation
4.2 Data Analysis
4.3 Test of Hypothesis

CHAPTER FIVE
5.0 SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 Summary of general findings
Conclusion
Recommendation
Bibliography
Appendix- Questionnaire
CHAPTER ONE
1.0 INTRODUCTION
The economy of Nigeria had a lot of structural distortions in the 1980s. The economic policies pursued prior to 1985 made the Nigeria economy vulnerable to external shock. Consequently the 1986 budget sought to de-emphasized controls and adopted policy measures aimed at expanding the economy resource balc. To attain this goal the 1986 budget at a tone in the structural adjustment programme which was launched in July 1980 with the introduction of structural adjustment programme came to deregulation of the Nigerian economy.

The deregulation policy which the structural adjustment called for is the process by process by which government remove selected regulations in bull-mess or order to encourage the efficient operation of market.

The theory is that fever regulations will lead to a raised level of competitiveness, therefore higher productivity, more efficiency and lower price overall. The deregulation policy was deigned to.
i. Restructure and diversity the productive base of the economy in order to reduce dependency on the oil sector.
ii. To achieve focal and balance of payment viability.
iii. To lay the basis for sustainable non- inflationary or minimal inflationary growth rate.
iv. To lesion the dominance of unproductive investment in the economy, improve the sectors efficiency and intensity the growth the sectors efficiency and intensity the growth potential of the private sector. The listed aims are not exhaustive.
The banking industry which is a major instrument through which government execute their policies, need to appropriately reposition itself to take full advantages of the gains that might arise from deregulation, as well as face the challenges.

Deregulation of the economy will definitely prose some challenges to the banking industry. However the ability to copy with the challenges which will come in the form competitive lending rates, effective management of credit risk, level of expertise in investment banking and cooperate finance activities will all be the important determinant of success for banks.

As a financial intermediary, commercial banks are expected to witness an increase in credit request with concessionaries interest rate. This is as a result of high rate of return that is expected from deregulation of the economy, especially toward deregulation of petroleum products which will definitely attract investors. This is where in the banking industry come in.

The project will therefore aim at analyzing the effect the deregulation of the economy will have on activated of commercial banks.
1.1 STATEMENT OF PROBLEM
Due to the underdeveloped nature of Nigeria banking system it is sometime said that banks have not met the standard expected to them in the process of economic development especially with the introduction of deregulatory policy. There are many problems which the commercial bank is not exception some of the problem to be treated in the text which of course threatens the financial performance of commercial banks are as follows.
The reluctant competition between commercial banks as a result of the deregulatory policy and the possibility of bank failure which prompted the Federal Government to establish the Nigeria Deposit insurance corporation.
i. Ability to cope with the high demand for bank loans with competitive lending rate.
ii. The level of expertise in investment banking and corporate finance.
iii. Ability to effectively manage credit risk these with other problems threatens the financial performance to commercial bank due to the introduction the deregulation of the economy.

1.2 PURPOSE OF THE STUDY
The general purpose of this study is to examine the performance of commercial banks under a deregulated economy with a view of assessing, the effect, challenges, and benefits as well as achievement such deregulation will pose on commercial banks.

This study attempt to critically identify and analyze the impact of government deregulation of the economy on commercial banks with the aim making useful recommendation son how to improve commercial bank performance.

Emphasis will also be made on the current banking practices and habit as means of battling with the challenges and the threats deregulation has brought with it. Also to identify the various achievements made with the inception of the policy as well as to examine how effective commercial banks have been since the inception of the policy.

Furthermore this text will try to compare the activities of commercial banks under the system of regulation and deregulation and deregulation in order to know if the main objective of the policy is been achieve. Recommendation that will enhance the efficiency of banks operations will equally be made.
1.3 SIGNIFICANCE AND RLEVANCE OF THE STUDY
The findings of this work will contribute to knowledge in the subject matter, other researcher students and the entire public will hopefully benefit from this study since it will form the basis for other research for other research work.

1.4 SCOPE AND LIMITATION OF THE STUDY
This study will cover a period of four year period (2000-2004) and a case study approach using first Bank Plc will be adopted. This project will concern itself with the financial performance of commercial banks as measured by a study of the effect of economic deregulation of the various activities of commercial banks.

In order to obtain a broader picture of the effect the deregulations of the economy have on commercial banks. Question arises will also be administer on some other selected banks, in Owerri.

However emphasis on the research will be based on First Bank of Nigeria Plc Owerri

The study will be constrained by the following:
i. The policies and conventions employed by first banks of Nigerian Plc will not necessary be the same as those used by other banks.
ii. The deregulation policies as used by the Federal Government through central bank of Nigeria on a regular basis. There is the possibility that not all policies will be available for this study.
iii. Lack of access to computation and compulsivity of handling multivariate data analysis may pole the greatest problem for the study.
Due to the time limitation and financial constraint it will not be possible in visit more than three commercial banks with concentration on first Bank of Nigeria Plc Owerri.
1.5 FORMILATION OF HYPOTHESIS
The following hypothesis will be tested.
i. The deregulation of the economy resulted in an upsurge I n the number of commercial banks in the country.
ii. The deregulation of the economy has resulted an increase in commercial banks profitability.
iii. Deregulation of the economy has led to a shape increase in banks bad and doubtful dept.
The research shall restrict itself with the use descriptive hypothesis. The null and alternative hypotheses which are normally used in statistical testing will be use, with null hypothesis represented as Ho and alternative hypothesis represented by H1.
1.6 RESEARCH METHODOLOGY
The research methodology will involve the collection of data through oral interviews to top management staff of some commercial banks, namely spring bank guarantee truest bank first ban al in Owerri.

Questionnaire will also be administered to the staff of there banks s well as the use of their financial statement. The researches will analysis the banks records from 200-2004 (A period of form years) both years inclusive.

The research will adopt the case study approach in its analysis and First Bank of Nigeria Plc, Owerri branch will be used as the case study. Major analysis will be based on information received from First Bank Plc, Owerri branch.
1.6 DEFINITION OF TERMS
1. Collateral: An item of value demanded by banks as security for loans granted to customers.
2. Credit: Money created by commercial banks through the media of loans and discounts granted to customers.
3. Data: Any kind of information (numerical or non- numerical) relevant to research.
4. Data Analysis: Critical examination of data with explanations and interpretations of research data.
5. Interview: Discullion or conference between two or more people either buy face to face or through a medium such at telephone.
6. Loan: Money lent to customer by banks
7. Over draft: Amount of money by which a bank account is been overdrawn by a customer.
8. Advance: Money paid before the due date.
9. Bank: An institution which borrows money from the public and also lend it to the public.
10. Commercial Bank: Banks designed to lend short term loan and overdraft to their customers.
11. Concept: A term having universal acceptable definition or meaning.
12. Delimitation and limitation: Constraints or problem the research encountered in the course of the research.
13. Population: Totality of all items under study.
14. Primary Data: Data that is made use of by the same person who collected it.
15. Research: Investigation under taking to discover or confirm the existence of something, or to get additional information or knowledge about something.
16. Methodology: Procedure and technique used, including problems encountered in the course of the research.
17. Questionnaire: List of questions in a printed form administered to respondents.
18. Sample: Traction or part of the population taken in a specified, manner.
19. Null Hypothesis: A statistical hypothesis formulated for the purpose of rejecting or nullifying the hypothesis.
20. Oval interview: Face to face interview with the respondent.
21. Respondent: People (Sample of the population) who respondent to the questionnaire or were interviewed.
22. Variable: Any feature possessed by members of a population that differed from one another.
23. Return: The measure of profitability on investment.
24. Ratio: A sample mathematical expression of the relationship of one item to the other.
25. Trend: Time movement in a set of observation taken at specified time period usually at equal intervals.
26. Interest Rate: Rental payment for the use of credit y borrows and returns for parting with liquidity by lenders.

 

HOW TO GET THE FULL PROJECT WORK

 

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

 

HOW TO RECEIVE PROJECT MATERIAL(S)

After paying the appropriate amount (#10000) into our bank Account below, send the following information to

08139462710 or 08137701720

 

(1)    Your project topics

(2)     Email Address

(3)     Payment Name

(4)    Teller Number

We will send your material(s) immediately we receive bank alert

 

BANK ACCOUNTS

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 0046579864

Bank: GTBank.

 

OR

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 2023350498

Bank: UBA.

 

HOW TO IDENTIFY SCAM/FRAUD

As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.

 

But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.

 

Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.

 

No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner

 

CAUTION/WARNING

Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project.  Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.

 

That you ordered this material shows you have agreed not to copy word-to-word.

 

 

FOR MORE INFORMATION, CALL:

08139462710 or 08137701720

 

YOU CAN ALSO CALL:

08068231953, 08168759420

 

 

Visit any of our project websites below:

www.easyprojectmaterials.com

www.easyprojectmaterials.com.ng

www.easyprojectmaterial.net

www.easyprojectmaterial.net.ng

www.easyprojectsolutions.com

www.worldofnolimit.com

www.worldofnolimit.com

 

 

 

Tags:

7 years ago 0 Comments Short URL

THE IMPACT OF INTEREST RATE DEREGULATION ON COMMERCIAL BANKS LENDING OPERATIONS IN NIGERIA (CASE STUDY OF UNION BANK OF NIGERIA PLC)

ABSTRACT
The economy of Nigeria has a lot of structural distortion is the 1980’s. The economy policies pursued prior to 1985 made the Nigeria economy price distortions created by a highly over-valued currency and inappropriate pricing of agricultural and other local products.

The control measure introduced prior to deregulation of the economy were unable to improve the economy positively, instead, that period was characterized by short- supply of industrial inputs. Plant closure, large retrenchment of workers, shortage of goods and price inflation with unfavourable balance of payment.

The Federal Government has pursued vigorously the policy of deregulation of the economy. The structural adjustment programme was designed to attack and remove the Fundamental structural distortions prevalent in the Nigeria economy. Commercial banks should equally anticipate and sensitize itself with the challenges of a deregulated economy.

The major deregulation policies used were deregulation of interest rates structure, introduction of second tier foreign exchange market.

Since the Federal Government is contemplating deregulation as the only paramount solution to the distorted economic structure. The banking Industry (Commercial Banks) need to reposition itself to take full advantage of the gains that might arise from such deregulation. Commercial banks should equally anticipate and sensitize itself with the challenges of a deregulated economy.

APPENDIX 11
QUESTIONAIRE ADMINISTERD AMONG THE BANKING PUBLIC

Dear sir/ Madam,
This questionnaire is part of a research into the impact of interest rate deregulation on commercial banks lending operations in Nigeria

The research is in partial fulfillment of the requirement for the a ward of a Higher National Diploma (H.N.D) In Banking and Financial Department

Kindly read each question and briefly express your opinion, your honest and Unbiased opinion is highly solicited for as they will help me with date will be treated in strict confidence.
Thanks for your cooperation.
NEAMADI CHIGOZIE .M.

TABLE OF CONTENT

Title page i
Approval page ii
Dedication iii
Acknowledgement iv
Abstract v
Table of contents vi
CHAPTER ONE
1.0 INTRODUCTION
1.1 Statement of problem
1.2 Purpose of study
1.3 Significance and relevance of study
1.4 Scope and limitation of study
1.5 Formulation of Hypothesis
1.6 Research methodology
1.7 Definition of terms
CHAPTER TWO
2.0 LITERATURE REVIEW
2.1. Conceptual framework

2.2. Empirical framework
CHAPTER THREE
3.0 RESEARCH METHODOLOGY
3.1 Research Designs
3.2 Sample size
3.3 Source of Data
3.4 Data Collection Method
3.5 Technique of Data Analysis

CHAPTER FOUR
4.0 DATA PRESENTATION AND ANALYSIS
4.1 Data presentation
4.2 Data Analysis
4.3 Test of Hypothesis

CHAPTER FIVE
5.0 SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 Summary of general findings
Conclusion
Recommendation
Bibliography
Appendix- Questionnaire
CHAPTER ONE
1.0 INTRODUCTION
The economy of Nigeria had a lot of structural distortions in the 1980s. The economic policies pursued prior to 1985 made the Nigeria economy vulnerable to external shock. Consequently the 1986 budget sought to de-emphasized controls and adopted policy measures aimed at expanding the economy resource balc. To attain this goal the 1986 budget at a tone in the structural adjustment programme which was launched in July 1980 with the introduction of structural adjustment programme came to deregulation of the Nigerian economy.

The deregulation policy which the structural adjustment called for is the process by process by which government remove selected regulations in bull-mess or order to encourage the efficient operation of market.

The theory is that fever regulations will lead to a raised level of competitiveness, therefore higher productivity, more efficiency and lower price overall. The deregulation policy was deigned to.
i. Restructure and diversity the productive base of the economy in order to reduce dependency on the oil sector.
ii. To achieve focal and balance of payment viability.
iii. To lay the basis for sustainable non- inflationary or minimal inflationary growth rate.
iv. To lesion the dominance of unproductive investment in the economy, improve the sectors efficiency and intensity the growth the sectors efficiency and intensity the growth potential of the private sector. The listed aims are not exhaustive.
The banking industry which is a major instrument through which government execute their policies, need to appropriately reposition itself to take full advantages of the gains that might arise from deregulation, as well as face the challenges.

Deregulation of the economy will definitely prose some challenges to the banking industry. However the ability to copy with the challenges which will come in the form competitive lending rates, effective management of credit risk, level of expertise in investment banking and cooperate finance activities will all be the important determinant of success for banks.

As a financial intermediary, commercial banks are expected to witness an increase in credit request with concessionaries interest rate. This is as a result of high rate of return that is expected from deregulation of the economy, especially toward deregulation of petroleum products which will definitely attract investors. This is where in the banking industry come in.

The project will therefore aim at analyzing the effect the deregulation of the economy will have on activated of commercial banks.
1.1 STATEMENT OF PROBLEM
Due to the underdeveloped nature of Nigeria banking system it is sometime said that banks have not met the standard expected to them in the process of economic development especially with the introduction of deregulatory policy. There are many problems which the commercial bank is not exception some of the problem to be treated in the text which of course threatens the financial performance of commercial banks are as follows.
The reluctant competition between commercial banks as a result of the deregulatory policy and the possibility of bank failure which prompted the Federal Government to establish the Nigeria Deposit insurance corporation.
i. Ability to cope with the high demand for bank loans with competitive lending rate.
ii. The level of expertise in investment banking and corporate finance.
iii. Ability to effectively manage credit risk these with other problems threatens the financial performance to commercial bank due to the introduction the deregulation of the economy.

1.2 PURPOSE OF THE STUDY
The general purpose of this study is to examine the performance of commercial banks under a deregulated economy with a view of assessing, the effect, challenges, and benefits as well as achievement such deregulation will pose on commercial banks.

This study attempt to critically identify and analyze the impact of government deregulation of the economy on commercial banks with the aim making useful recommendation son how to improve commercial bank performance.

Emphasis will also be made on the current banking practices and habit as means of battling with the challenges and the threats deregulation has brought with it. Also to identify the various achievements made with the inception of the policy as well as to examine how effective commercial banks have been since the inception of the policy.

Furthermore this text will try to compare the activities of commercial banks under the system of regulation and deregulation and deregulation in order to know if the main objective of the policy is been achieve. Recommendation that will enhance the efficiency of banks operations will equally be made.
1.3 SIGNIFICANCE AND RLEVANCE OF THE STUDY
The findings of this work will contribute to knowledge in the subject matter, other researcher students and the entire public will hopefully benefit from this study since it will form the basis for other research for other research work.

1.4 SCOPE AND LIMITATION OF THE STUDY
This study will cover a period of four year period (2000-2004) and a case study approach using first Bank Plc will be adopted. This project will concern itself with the financial performance of commercial banks as measured by a study of the effect of economic deregulation of the various activities of commercial banks.

In order to obtain a broader picture of the effect the deregulations of the economy have on commercial banks. Question arises will also be administer on some other selected banks, in Owerri.

However emphasis on the research will be based on First Bank of Nigeria Plc Owerri

The study will be constrained by the following:
i. The policies and conventions employed by first banks of Nigerian Plc will not necessary be the same as those used by other banks.
ii. The deregulation policies as used by the Federal Government through central bank of Nigeria on a regular basis. There is the possibility that not all policies will be available for this study.
iii. Lack of access to computation and compulsivity of handling multivariate data analysis may pole the greatest problem for the study.
Due to the time limitation and financial constraint it will not be possible in visit more than three commercial banks with concentration on first Bank of Nigeria Plc Owerri.
1.5 FORMILATION OF HYPOTHESIS
The following hypothesis will be tested.
i. The deregulation of the economy resulted in an upsurge I n the number of commercial banks in the country.
ii. The deregulation of the economy has resulted an increase in commercial banks profitability.
iii. Deregulation of the economy has led to a shape increase in banks bad and doubtful dept.
The research shall restrict itself with the use descriptive hypothesis. The null and alternative hypotheses which are normally used in statistical testing will be use, with null hypothesis represented as Ho and alternative hypothesis represented by H1.
1.6 RESEARCH METHODOLOGY
The research methodology will involve the collection of data through oral interviews to top management staff of some commercial banks, namely spring bank guarantee truest bank first ban al in Owerri.

Questionnaire will also be administered to the staff of there banks s well as the use of their financial statement. The researches will analysis the banks records from 200-2004 (A period of form years) both years inclusive.

The research will adopt the case study approach in its analysis and First Bank of Nigeria Plc, Owerri branch will be used as the case study. Major analysis will be based on information received from First Bank Plc, Owerri branch.
1.6 DEFINITION OF TERMS
1. Collateral: An item of value demanded by banks as security for loans granted to customers.
2. Credit: Money created by commercial banks through the media of loans and discounts granted to customers.
3. Data: Any kind of information (numerical or non- numerical) relevant to research.
4. Data Analysis: Critical examination of data with explanations and interpretations of research data.
5. Interview: Discullion or conference between two or more people either buy face to face or through a medium such at telephone.
6. Loan: Money lent to customer by banks
7. Over draft: Amount of money by which a bank account is been overdrawn by a customer.
8. Advance: Money paid before the due date.
9. Bank: An institution which borrows money from the public and also lend it to the public.
10. Commercial Bank: Banks designed to lend short term loan and overdraft to their customers.
11. Concept: A term having universal acceptable definition or meaning.
12. Delimitation and limitation: Constraints or problem the research encountered in the course of the research.
13. Population: Totality of all items under study.
14. Primary Data: Data that is made use of by the same person who collected it.
15. Research: Investigation under taking to discover or confirm the existence of something, or to get additional information or knowledge about something.
16. Methodology: Procedure and technique used, including problems encountered in the course of the research.
17. Questionnaire: List of questions in a printed form administered to respondents.
18. Sample: Traction or part of the population taken in a specified, manner.
19. Null Hypothesis: A statistical hypothesis formulated for the purpose of rejecting or nullifying the hypothesis.
20. Oval interview: Face to face interview with the respondent.
21. Respondent: People (Sample of the population) who respondent to the questionnaire or were interviewed.
22. Variable: Any feature possessed by members of a population that differed from one another.
23. Return: The measure of profitability on investment.
24. Ratio: A sample mathematical expression of the relationship of one item to the other.
25. Trend: Time movement in a set of observation taken at specified time period usually at equal intervals.
26. Interest Rate: Rental payment for the use of credit y borrows and returns for parting with liquidity by lenders.

 

HOW TO GET THE FULL PROJECT WORK

 

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

 

HOW TO RECEIVE PROJECT MATERIAL(S)

After paying the appropriate amount (#5000) into our bank Account below, send the following information to

08139462710 or 08137701720

 

(1)    Your project topics

(2)     Email Address

(3)     Payment Name

(4)    Teller Number

We will send your material(s) immediately we receive bank alert

 

BANK ACCOUNTS

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 0046579864

Bank: GTBank.

 

OR

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 2023350498

Bank: UBA.

 

HOW TO IDENTIFY SCAM/FRAUD

As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.

 

But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.

 

Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.

 

No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner

 

CAUTION/WARNING

Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project.  Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.

 

That you ordered this material shows you have agreed not to copy word-to-word.

 

 

FOR MORE INFORMATION, CALL:

08139462710 or 08137701720

 

YOU CAN ALSO CALL:

08068231953, 08168759420

 

 

Visit any of our project websites below:

www.easyprojectmaterials.com

www.easyprojectmaterials.com.ng

www.easyprojectmaterial.net

www.easyprojectmaterial.net.ng

www.easyprojectsolutions.com

www.worldofnolimit.com

www.worldofnolimit.com

 

 

 

Tags:

7 years ago 0 Comments Short URL

COOPERATIVE AUDIT AND CONTROL


ABSTRACT

Co –operative Audit and Control has been known to be basic  in Country’s economic growth.

In this respect, little or no attention is been given to this venture, Co –operative Audit and Control.

For a country to achieve its desired economic growth development and equipment allocation of revenue, its annual auditing is very necessary .moreover, once our respective co –operative society is well audited in a free and fair manner, frequent and inflation of assets would de detected.

But, the lack and inadequacy of this very concept has given a country a misconception in its dealing with the existing co –operative societies.

Finally, this research work would go a long way to reduce this said predicament by giving an insight into the necessary values and importance attached to it.  Thus, to audit our respective co operative societies, such problems would be definitely eliminated.

 

 

CHAPTER ONE

1.0           CO-OPERATIVE ORGANISATION AUDIT AND CONTROL

1.1    INTRODUCTION

A Co-operative is a union made up of a group of people and an enterprise. It is made up of a group of people with common goals, who run an enterprise in order to achieve their aim objective.  There is no co-operative without a group of persons and an enterprise through which they achieve their aims.

The enterprise of a co-operative is only a way through which the group of member achieve their aims. It is an instrument of achieving the socio economic goals of the members. A co-operative has two demands, that means that is  made up of both a group of individuals and enterprise.

The co-operative is a sociological group which possess common interest, goals, aims and objectives for all members of the group. The group of persons making up the co-operative is on a long –term basis. It is relatively permanent and of temporary or on idle basis. These are different roles to be played within the content of the group which must be mutual in the sense that they complement each other.

There may be individualistic or collective role.  This means that these are some roles which individuals are expected to play while these are others which should be carried on by the group. Example of group role is election at the group. Example of group role is election at this general meeting. These will be common values within the group.  These means that certain action of behaviors will be regarded as positive of negative within the group.  There must be some common understanding about what actions and reactions that are acceptable or not acceptable.  This is a way of translating its bye –law into norms which are based on common values and acceptable to all.  These norms could represent the standard norms which stipulate the way of carrying out individual and collective roles.

For a group to exist in the long term, these must be a two way communication:  between the individuals to know the rules of changes in the affairs of the group.  If these is no communication, the group will reek down.

Every group should have a structure through which it functions which lead to the formation of a hierarchy. A group in which everybody is equal will not work. Some people must be higher while others will be lower than others. For instance, there will be the president, secretary, members of management committee etc.  the group must also be identifiable.  That is, it must have some characteristics which will make it easy for it to be identified within of outside the group. Each of these points will help in achieving the goals of the group.

 

1.2    THE PROBLEM OF AUDITING AND CONTROL

The problems of co-operative organization and control could be traced to many factors.

In the first place, to audit a co-operative organization the members should know actually through education the values and benefits derived from it. Illiteracy among the members is a big backwardness facing the organisation.  The great importance of co-operative education cannot be  over emphasized a medical practitioner, Doctor William King, in his words said that there is a great importance attached to co-operative expert, Mr. Stemera said that “we are giving a choice between two alternative, that is co-operative with a large amount of capital and no education, and a co-operative society with a small amount of capital but with knowledgeable members, our experience inclines us to choose the letter.

The more co-operative education the member possess the easier it will be for the inspector to guide and assist them. Co-operative society with ignorant members in a very heavy burden on the inspection and the item devoted to its supervision is not achieved. Co-operative education is not the study of physics sciences like physics of politics. It simply means knowledge of the meaning objectives and running of the co-operative society, the duties of the members and the committee the knowledge of the society’s bye – law and the relevant sections of the co-operative law. The education can be imported in a formal or informal way. Members can arrange a study of the co-operative laws. This method is formal. It will be a good thing if any time the inspector attends a co-operative society’s meeting, he spends about fifteen minutes teaching the members certain sections of their bye –laws. Informally, the co-operative inspector discusses matters with the members or answers their questions.

Moreover, it is essential that every members of the co-operative society should receive co-operative education. They are expected to know what the objective of the organisation are. A member should be thought his duties and responsibilities to his society, as well as his rights and privileges arising therefore.  He is expected to know also certain provisions of the co –operative law and society law.  Profit is shared among themselves.  The same problem is applicable to producer co-operative society. They needed capital for the purpose of high cultural production for the purpose of economics of large scale production.  But, where such money is not within their reach, that very objective could not be implemented.

Finally, the most capital problem being encountered by co-operative society is the money for employing auditors to audit their annual account. If this should be the case, then, actually the society is facing a big economic and financial predicament.

For instance, where the co-operative society fails to audit its annual account, the financial position of this organisation could not be defected. It could lead to a lot of problems.

First liquidation, fraudulent act and poor planning. It will stop to enjoy economic of large scale investment.  Fraudulent act and other necessary inflation of the organization as assets would be in practise. This problem of auditing the organisation should be strictly checked and eradicated so as to achieve a better for the society’s

 

1.3    PURPOSE OF THE STUDY   

It helps a nation or country to achieve its desired economic growth, development and equipment allocation of revenue. Its annual auditing is very necessary. Moreover, once our respective co-operative society is well audited in a free and fair manner, fraudulent and inflation of assets would be defected.

 

1.4    SIGNIFICANCE OF THE STUDY

The main beneficiaries of this study are the public, the accountancy firms, professional accounting bodies and government.

  1. Public: This study will enable the public appreciate the duties and capabilities of the auditors.
  2. Accounting firms: Auditors help in dictation of errors in the accounting firms. Such as error of commission, omission, principle and compensation.
  3. Professional Accountancy Bodies:
  4. Government:  This study may show the necessity for government to review certain laws there hinder auditors from performing their role in ensuring survival and growth of such firms and make new law are necessary.  Besides, government will benefit from survival of such enterprises as it will derive income through taxes and job opportunities will be created.

 

1.5    DEFINITION OF TERMS

A co-operative : it is a union made up of a group of people and an enterprise. It is made up of a group of people with common goal, who run an enterprise in order to achieve their aim and objective.

  1. frauds involving the manipulation of the records and the accounts, usually by the company’s senior officers with a view to benefiting in some way from the false picture which they convey (e.g obtaining finance under false preferences) or concealing a material worsening the company’s true position.
  2. Frauds, usually by employees, involving theft, misappropriation or embezzlement of the company’s funds, usually in the form of cash, or of it other assets.

 

 

 

 

 

 

TABLE OF CONTENT:

 

CHAPTER ONE

INTRODUCTION

1.1     Background of the Study

1.2     Statement of the Research Problem

1.3     Objectives of the Study

1.4     Significance of the Study

1.5     Research Questions

1.6     Research Hypothesis

1.7     Conceptual and Operational Definition

1.8     Assumptions

1.9     Limitations of the Study

 

CHAPTER TWO

LITERATURE REVIEW

2.1     Sources of Literature

2.2     The Review

2.3     Summary of Literature Review

 

CHAPTER THREE

RESEARCH METHODOLOGY

3.1     Research Method

3.2     Research Design

3.3     Research Sample

3.4     Measuring Instrument

3.5     Data Collection

3.6     Data Analysis

3.7     Expected Result

CHAPTER FOUR

DATA ANALYSIS AND RESULTS

4.1     Data Analysis

4.2     Results

4.3     Discussion

CHAPTER FIVE

SUMMARY AND RECOMMENDATIONS

5.1     Summary

5.2     Recommendations for Further Study

Bibliography

 

 

 

 

HOW TO GET THE FULL PROJECT WORK

 

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

 

HOW TO RECEIVE PROJECT MATERIAL(S)

After paying the appropriate amount (#3000) into our bank Account below, send the following information to

08139462710 or 08137701720

 

(1)    Your project topics

(2)     Email Address

(3)     Payment Name

(4)    Teller Number

We will send your material(s) immediately we receive bank alert

 

BANK ACCOUNTS

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 0046579864

Bank: GTBank.

 

OR

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 2023350498

Bank: UBA.

 

HOW TO IDENTIFY SCAM/FRAUD

As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.

 

But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.

 

Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.

 

No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner

 

CAUTION/WARNING

Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project.  Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.

 

That you ordered this material shows you have agreed not to copy word-to-word.

 

 

FOR MORE INFORMATION, CALL:

08139462710 or 08137701720

 

YOU CAN ALSO CALL:

08068231953, 08168759420

 

 

Visit any of our project websites below:

www.easyprojectmaterials.com

www.easyprojectmaterials.com.ng

www.easyprojectmaterial.net

www.easyprojectmaterial.net.ng

www.easyprojectsolutions.com

www.worldofnolimit.com

www.worldofnolimit.com

 

 

 

Tags:

7 years ago 0 Comments Short URL

COOPERATIVE AUDIT AND CONTROL


ABSTRACT

Co –operative Audit and Control has been known to be basic  in Country’s economic growth.

In this respect, little or no attention is been given to this venture, Co –operative Audit and Control.

For a country to achieve its desired economic growth development and equipment allocation of revenue, its annual auditing is very necessary .moreover, once our respective co –operative society is well audited in a free and fair manner, frequent and inflation of assets would de detected.

But, the lack and inadequacy of this very concept has given a country a misconception in its dealing with the existing co –operative societies.

Finally, this research work would go a long way to reduce this said predicament by giving an insight into the necessary values and importance attached to it.  Thus, to audit our respective co operative societies, such problems would be definitely eliminated.

 

 

CHAPTER ONE

1.0           CO-OPERATIVE ORGANISATION AUDIT AND CONTROL

1.1    INTRODUCTION

A Co-operative is a union made up of a group of people and an enterprise. It is made up of a group of people with common goals, who run an enterprise in order to achieve their aim objective.  There is no co-operative without a group of persons and an enterprise through which they achieve their aims.

The enterprise of a co-operative is only a way through which the group of member achieve their aims. It is an instrument of achieving the socio economic goals of the members. A co-operative has two demands, that means that is  made up of both a group of individuals and enterprise.

The co-operative is a sociological group which possess common interest, goals, aims and objectives for all members of the group. The group of persons making up the co-operative is on a long –term basis. It is relatively permanent and of temporary or on idle basis. These are different roles to be played within the content of the group which must be mutual in the sense that they complement each other.

There may be individualistic or collective role.  This means that these are some roles which individuals are expected to play while these are others which should be carried on by the group. Example of group role is election at the group. Example of group role is election at this general meeting. These will be common values within the group.  These means that certain action of behaviors will be regarded as positive of negative within the group.  There must be some common understanding about what actions and reactions that are acceptable or not acceptable.  This is a way of translating its bye –law into norms which are based on common values and acceptable to all.  These norms could represent the standard norms which stipulate the way of carrying out individual and collective roles.

For a group to exist in the long term, these must be a two way communication:  between the individuals to know the rules of changes in the affairs of the group.  If these is no communication, the group will reek down.

Every group should have a structure through which it functions which lead to the formation of a hierarchy. A group in which everybody is equal will not work. Some people must be higher while others will be lower than others. For instance, there will be the president, secretary, members of management committee etc.  the group must also be identifiable.  That is, it must have some characteristics which will make it easy for it to be identified within of outside the group. Each of these points will help in achieving the goals of the group.

 

1.2    THE PROBLEM OF AUDITING AND CONTROL

The problems of co-operative organization and control could be traced to many factors.

In the first place, to audit a co-operative organization the members should know actually through education the values and benefits derived from it. Illiteracy among the members is a big backwardness facing the organisation.  The great importance of co-operative education cannot be  over emphasized a medical practitioner, Doctor William King, in his words said that there is a great importance attached to co-operative expert, Mr. Stemera said that “we are giving a choice between two alternative, that is co-operative with a large amount of capital and no education, and a co-operative society with a small amount of capital but with knowledgeable members, our experience inclines us to choose the letter.

The more co-operative education the member possess the easier it will be for the inspector to guide and assist them. Co-operative society with ignorant members in a very heavy burden on the inspection and the item devoted to its supervision is not achieved. Co-operative education is not the study of physics sciences like physics of politics. It simply means knowledge of the meaning objectives and running of the co-operative society, the duties of the members and the committee the knowledge of the society’s bye – law and the relevant sections of the co-operative law. The education can be imported in a formal or informal way. Members can arrange a study of the co-operative laws. This method is formal. It will be a good thing if any time the inspector attends a co-operative society’s meeting, he spends about fifteen minutes teaching the members certain sections of their bye –laws. Informally, the co-operative inspector discusses matters with the members or answers their questions.

Moreover, it is essential that every members of the co-operative society should receive co-operative education. They are expected to know what the objective of the organisation are. A member should be thought his duties and responsibilities to his society, as well as his rights and privileges arising therefore.  He is expected to know also certain provisions of the co –operative law and society law.  Profit is shared among themselves.  The same problem is applicable to producer co-operative society. They needed capital for the purpose of high cultural production for the purpose of economics of large scale production.  But, where such money is not within their reach, that very objective could not be implemented.

Finally, the most capital problem being encountered by co-operative society is the money for employing auditors to audit their annual account. If this should be the case, then, actually the society is facing a big economic and financial predicament.

For instance, where the co-operative society fails to audit its annual account, the financial position of this organisation could not be defected. It could lead to a lot of problems.

First liquidation, fraudulent act and poor planning. It will stop to enjoy economic of large scale investment.  Fraudulent act and other necessary inflation of the organization as assets would be in practise. This problem of auditing the organisation should be strictly checked and eradicated so as to achieve a better for the society’s

 

1.3    PURPOSE OF THE STUDY   

It helps a nation or country to achieve its desired economic growth, development and equipment allocation of revenue. Its annual auditing is very necessary. Moreover, once our respective co-operative society is well audited in a free and fair manner, fraudulent and inflation of assets would be defected.

 

1.4    SIGNIFICANCE OF THE STUDY

The main beneficiaries of this study are the public, the accountancy firms, professional accounting bodies and government.

  1. Public: This study will enable the public appreciate the duties and capabilities of the auditors.
  2. Accounting firms: Auditors help in dictation of errors in the accounting firms. Such as error of commission, omission, principle and compensation.
  3. Professional Accountancy Bodies:
  4. Government:  This study may show the necessity for government to review certain laws there hinder auditors from performing their role in ensuring survival and growth of such firms and make new law are necessary.  Besides, government will benefit from survival of such enterprises as it will derive income through taxes and job opportunities will be created.

 

1.5    DEFINITION OF TERMS

A co-operative : it is a union made up of a group of people and an enterprise. It is made up of a group of people with common goal, who run an enterprise in order to achieve their aim and objective.

  1. frauds involving the manipulation of the records and the accounts, usually by the company’s senior officers with a view to benefiting in some way from the false picture which they convey (e.g obtaining finance under false preferences) or concealing a material worsening the company’s true position.
  2. Frauds, usually by employees, involving theft, misappropriation or embezzlement of the company’s funds, usually in the form of cash, or of it other assets.

 

 

 

 

 

 

TABLE OF CONTENT:

 

CHAPTER ONE

INTRODUCTION

1.1     Background of the Study

1.2     Statement of the Research Problem

1.3     Objectives of the Study

1.4     Significance of the Study

1.5     Research Questions

1.6     Research Hypothesis

1.7     Conceptual and Operational Definition

1.8     Assumptions

1.9     Limitations of the Study

 

CHAPTER TWO

LITERATURE REVIEW

2.1     Sources of Literature

2.2     The Review

2.3     Summary of Literature Review

 

CHAPTER THREE

RESEARCH METHODOLOGY

3.1     Research Method

3.2     Research Design

3.3     Research Sample

3.4     Measuring Instrument

3.5     Data Collection

3.6     Data Analysis

3.7     Expected Result

CHAPTER FOUR

DATA ANALYSIS AND RESULTS

4.1     Data Analysis

4.2     Results

4.3     Discussion

CHAPTER FIVE

SUMMARY AND RECOMMENDATIONS

5.1     Summary

5.2     Recommendations for Further Study

Bibliography

 

 

 

 

HOW TO GET THE FULL PROJECT WORK

 

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

 

HOW TO RECEIVE PROJECT MATERIAL(S)

After paying the appropriate amount (#10000) into our bank Account below, send the following information to

08139462710 or 08137701720

 

(1)    Your project topics

(2)     Email Address

(3)     Payment Name

(4)    Teller Number

We will send your material(s) immediately we receive bank alert

 

BANK ACCOUNTS

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 0046579864

Bank: GTBank.

 

OR

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 2023350498

Bank: UBA.

 

HOW TO IDENTIFY SCAM/FRAUD

As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.

 

But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.

 

Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.

 

No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner

 

CAUTION/WARNING

Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project.  Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.

 

That you ordered this material shows you have agreed not to copy word-to-word.

 

 

FOR MORE INFORMATION, CALL:

08139462710 or 08137701720

 

YOU CAN ALSO CALL:

08068231953, 08168759420

 

 

Visit any of our project websites below:

www.easyprojectmaterials.com

www.easyprojectmaterials.com.ng

www.easyprojectmaterial.net

www.easyprojectmaterial.net.ng

www.easyprojectsolutions.com

www.worldofnolimit.com

www.worldofnolimit.com

 

 

 

Tags:

7 years ago 0 Comments Short URL

COOPERATIVE AUDIT AND CONTROL


ABSTRACT

Co –operative Audit and Control has been known to be basic  in Country’s economic growth.

In this respect, little or no attention is been given to this venture, Co –operative Audit and Control.

For a country to achieve its desired economic growth development and equipment allocation of revenue, its annual auditing is very necessary .moreover, once our respective co –operative society is well audited in a free and fair manner, frequent and inflation of assets would de detected.

But, the lack and inadequacy of this very concept has given a country a misconception in its dealing with the existing co –operative societies.

Finally, this research work would go a long way to reduce this said predicament by giving an insight into the necessary values and importance attached to it.  Thus, to audit our respective co operative societies, such problems would be definitely eliminated.

 

 

CHAPTER ONE

1.0           CO-OPERATIVE ORGANISATION AUDIT AND CONTROL

1.1    INTRODUCTION

A Co-operative is a union made up of a group of people and an enterprise. It is made up of a group of people with common goals, who run an enterprise in order to achieve their aim objective.  There is no co-operative without a group of persons and an enterprise through which they achieve their aims.

The enterprise of a co-operative is only a way through which the group of member achieve their aims. It is an instrument of achieving the socio economic goals of the members. A co-operative has two demands, that means that is  made up of both a group of individuals and enterprise.

The co-operative is a sociological group which possess common interest, goals, aims and objectives for all members of the group. The group of persons making up the co-operative is on a long –term basis. It is relatively permanent and of temporary or on idle basis. These are different roles to be played within the content of the group which must be mutual in the sense that they complement each other.

There may be individualistic or collective role.  This means that these are some roles which individuals are expected to play while these are others which should be carried on by the group. Example of group role is election at the group. Example of group role is election at this general meeting. These will be common values within the group.  These means that certain action of behaviors will be regarded as positive of negative within the group.  There must be some common understanding about what actions and reactions that are acceptable or not acceptable.  This is a way of translating its bye –law into norms which are based on common values and acceptable to all.  These norms could represent the standard norms which stipulate the way of carrying out individual and collective roles.

For a group to exist in the long term, these must be a two way communication:  between the individuals to know the rules of changes in the affairs of the group.  If these is no communication, the group will reek down.

Every group should have a structure through which it functions which lead to the formation of a hierarchy. A group in which everybody is equal will not work. Some people must be higher while others will be lower than others. For instance, there will be the president, secretary, members of management committee etc.  the group must also be identifiable.  That is, it must have some characteristics which will make it easy for it to be identified within of outside the group. Each of these points will help in achieving the goals of the group.

 

1.2    THE PROBLEM OF AUDITING AND CONTROL

The problems of co-operative organization and control could be traced to many factors.

In the first place, to audit a co-operative organization the members should know actually through education the values and benefits derived from it. Illiteracy among the members is a big backwardness facing the organisation.  The great importance of co-operative education cannot be  over emphasized a medical practitioner, Doctor William King, in his words said that there is a great importance attached to co-operative expert, Mr. Stemera said that “we are giving a choice between two alternative, that is co-operative with a large amount of capital and no education, and a co-operative society with a small amount of capital but with knowledgeable members, our experience inclines us to choose the letter.

The more co-operative education the member possess the easier it will be for the inspector to guide and assist them. Co-operative society with ignorant members in a very heavy burden on the inspection and the item devoted to its supervision is not achieved. Co-operative education is not the study of physics sciences like physics of politics. It simply means knowledge of the meaning objectives and running of the co-operative society, the duties of the members and the committee the knowledge of the society’s bye – law and the relevant sections of the co-operative law. The education can be imported in a formal or informal way. Members can arrange a study of the co-operative laws. This method is formal. It will be a good thing if any time the inspector attends a co-operative society’s meeting, he spends about fifteen minutes teaching the members certain sections of their bye –laws. Informally, the co-operative inspector discusses matters with the members or answers their questions.

Moreover, it is essential that every members of the co-operative society should receive co-operative education. They are expected to know what the objective of the organisation are. A member should be thought his duties and responsibilities to his society, as well as his rights and privileges arising therefore.  He is expected to know also certain provisions of the co –operative law and society law.  Profit is shared among themselves.  The same problem is applicable to producer co-operative society. They needed capital for the purpose of high cultural production for the purpose of economics of large scale production.  But, where such money is not within their reach, that very objective could not be implemented.

Finally, the most capital problem being encountered by co-operative society is the money for employing auditors to audit their annual account. If this should be the case, then, actually the society is facing a big economic and financial predicament.

For instance, where the co-operative society fails to audit its annual account, the financial position of this organisation could not be defected. It could lead to a lot of problems.

First liquidation, fraudulent act and poor planning. It will stop to enjoy economic of large scale investment.  Fraudulent act and other necessary inflation of the organization as assets would be in practise. This problem of auditing the organisation should be strictly checked and eradicated so as to achieve a better for the society’s

 

1.3    PURPOSE OF THE STUDY   

It helps a nation or country to achieve its desired economic growth, development and equipment allocation of revenue. Its annual auditing is very necessary. Moreover, once our respective co-operative society is well audited in a free and fair manner, fraudulent and inflation of assets would be defected.

 

1.4    SIGNIFICANCE OF THE STUDY

The main beneficiaries of this study are the public, the accountancy firms, professional accounting bodies and government.

  1. Public: This study will enable the public appreciate the duties and capabilities of the auditors.
  2. Accounting firms: Auditors help in dictation of errors in the accounting firms. Such as error of commission, omission, principle and compensation.
  3. Professional Accountancy Bodies:
  4. Government:  This study may show the necessity for government to review certain laws there hinder auditors from performing their role in ensuring survival and growth of such firms and make new law are necessary.  Besides, government will benefit from survival of such enterprises as it will derive income through taxes and job opportunities will be created.

 

1.5    DEFINITION OF TERMS

A co-operative : it is a union made up of a group of people and an enterprise. It is made up of a group of people with common goal, who run an enterprise in order to achieve their aim and objective.

  1. frauds involving the manipulation of the records and the accounts, usually by the company’s senior officers with a view to benefiting in some way from the false picture which they convey (e.g obtaining finance under false preferences) or concealing a material worsening the company’s true position.
  2. Frauds, usually by employees, involving theft, misappropriation or embezzlement of the company’s funds, usually in the form of cash, or of it other assets.

 

 

 

 

 

 

TABLE OF CONTENT:

 

CHAPTER ONE

INTRODUCTION

1.1     Background of the Study

1.2     Statement of the Research Problem

1.3     Objectives of the Study

1.4     Significance of the Study

1.5     Research Questions

1.6     Research Hypothesis

1.7     Conceptual and Operational Definition

1.8     Assumptions

1.9     Limitations of the Study

 

CHAPTER TWO

LITERATURE REVIEW

2.1     Sources of Literature

2.2     The Review

2.3     Summary of Literature Review

 

CHAPTER THREE

RESEARCH METHODOLOGY

3.1     Research Method

3.2     Research Design

3.3     Research Sample

3.4     Measuring Instrument

3.5     Data Collection

3.6     Data Analysis

3.7     Expected Result

CHAPTER FOUR

DATA ANALYSIS AND RESULTS

4.1     Data Analysis

4.2     Results

4.3     Discussion

CHAPTER FIVE

SUMMARY AND RECOMMENDATIONS

5.1     Summary

5.2     Recommendations for Further Study

Bibliography

 

 

 

 

HOW TO GET THE FULL PROJECT WORK

 

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

 

HOW TO RECEIVE PROJECT MATERIAL(S)

After paying the appropriate amount (#5000) into our bank Account below, send the following information to

08139462710 or 08137701720

 

(1)    Your project topics

(2)     Email Address

(3)     Payment Name

(4)    Teller Number

We will send your material(s) immediately we receive bank alert

 

BANK ACCOUNTS

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 0046579864

Bank: GTBank.

 

OR

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 2023350498

Bank: UBA.

 

HOW TO IDENTIFY SCAM/FRAUD

As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.

 

But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.

 

Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.

 

No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner

 

CAUTION/WARNING

Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project.  Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.

 

That you ordered this material shows you have agreed not to copy word-to-word.

 

 

FOR MORE INFORMATION, CALL:

08139462710 or 08137701720

 

YOU CAN ALSO CALL:

08068231953, 08168759420

 

 

Visit any of our project websites below:

www.easyprojectmaterials.com

www.easyprojectmaterials.com.ng

www.easyprojectmaterial.net

www.easyprojectmaterial.net.ng

www.easyprojectsolutions.com

www.worldofnolimit.com

www.worldofnolimit.com

 

 

 

Tags:

7 years ago 0 Comments Short URL

COMMERCIAL BANKS ROLE IN FINANCING SMALL SCALE INDUSTRIES IN NIGERIA

ABSTRACT

          This study is  aimed at finding out the role commercial banks play over the small scale industries and the problem the small scale industries encounter.

This study, has been divided into  five (s) chapters thus:.

Chapter  one is the introduction, sitting out the background of the study.  The researcher highlighted that the performance of small scale industries are financed by commercial banks and other financial institutions.  This study is of paramount importance because it help s to discover the problems facing the small scale industries in the course of financing themselves.

Chapter two is a review of related literatures, it started by the definition  of the  small scale industries, the definition of the small scale industries, the financial institution involved, assistance provided by commercial banks to small scale industries, government policies for promoting small and medium scale industries etc.

Chapter three decals with the research design and methodology employed in the study.  Here data were collected from secondary sources.

Chapter four, the research state the finding or result collected  in the course of this research work.

Finally, Chapter five  state the conclusion and recommendation of this study.

 

 

 

 

 

 

 

 

 

 

 

 

 

CHAPTER ONE

INTRODUCTION

1.1    BACKGROUND OF THE STUDY

          The concept of dependent has occupied a central place in the economic development over the year, basically as a manifestation of the various attempts by the developing world to chart new economic strategies which would reliever them of economic  dependence on their former colonial master in Europe.  Today the concept of dependent continues to be misunderstood in  its fundamental ramifications and has  remained difficult in large sections of the developing world.  In Nigeria, neither the mixed economy approach, appeal to have responds to the dictates of  economies dependent.

However, in pursuit of dependent in the developing world like Nigeria, the central government enacted a decree called “enterprises promotion decree”.  When there was a need for small scale enterprises, owned and managed by Nigeria to be promoted.  The importance of small enterprises in the promotion of economic development has always been at the forefront of the  development strategies.  Many developing  countries have failed  to adopt this  strategy owing to their belief that it  is a relatively slow process of industrialization.  But in the recent times due to the scarcity of foreign exchange, attention has began  to be focused once again  on development of ingenious.  Without the  development of small scale  industries in Nigeria, the Nations request fort industrialization will certainly remain forever at a state.

Furthermore,  several  financial institutions are invested in entrepreneurship development in Nigeria in ways.  Some of them are set up by the gove3rnment for specific functions, there  main functions are to provide findings, relief from financial consequences of  uncertainty, and advisory services for business enterprises, public and private.  The government plays the role of financial companies.

Some of these institution include: Nigerian Bank for commerce and industry (NBCI) Nigerian Agricultural and  development  Bank (NDB), peoples bank  of Nigerian (PBN), the  commercial sourcing for fund and enough funds cannot be mobilized from friend and relations, the next things that comes to mind  is to try the banks.  The commercial banks for instance, is the center of the leading market and makes the greatest number and varity of loans.  The commercial banks are very conservative in lending.  The commercial banks look at many things apart from the ability of entrepreneur to provide the needed collateral and may be interested  by looking at the  feasibility report, the experience of the entrepreneur, his personal credit records, profit potentials.

More so, Apart from the banks, financial institution like the insurance companies provide relief from financial  loss and  especially from fear of loss is perhaps  is one of the  fastest growing melustries in Nigeria.  It is the important for the entrepreneur who want to be free  from the uncertain loss in threat of loss to have adequate insurance.

Finally, the role of banks in the development of small scale enterprises cannot be over emphasized due to the role  it  plays  in the country over the small scale industries.

1.2    STATEMENT OF THE PROBLEM

Some financial institution  in Nigerian are  involved in entrepreneurship development in  many ways.  Some of them are set up by the government for specific function  while others are set up by private organization.  They provide funding, relief from financial consequences uncertainty and advisory services for business enterprises etc.  Stile on this, there is problem of development in small scale industries.  Why is it that our small scale industries are not  yet developed despite all the functions performed by financial  institutions in Nigeria.  Could it be that the credit granting  for entrepreneurship developments from banks are not adequate for funding  them.  The answer to this question will come in the subsequent chapter of this research work.

 

1.3    PURPOSE I OBJECTIVES OF THE STUDY

For the purpose of this research the researcher has come out with the  following  objective.

(1)            To know what small scale industries is  all about

(2)            To know specific function perform by the government in developing small scale industries.

(3)            To know some of the financial institutions involved in the development of small scale industries in Nigeria.

(4)            To know some of the assistance provided by commercial bank  in the area of small scale industries.

(5)            To know some of the government policy for promoting small and medium scale enterprises.

(6)            To know some of the government roles in  encouraging small industries

(7)            To know the affect of government policies on the small scale industries

(8)            To know the problems of scale and medium scale industries.

 

Finally, to give solution or suggestion on how to tackle the problems of small scale enterprises in Nigeria.

 

 

1.4    SIGNIFICANCE OF THE STUDY

This research work will be of great importance to so many beneficiaries, specifically  to both private and public owners of business.  Individuals who are into small scale business will equally benefit and also those who enter into the business of small scale industries will equally benefit from this research work.

However, financial institution will equally benefit are returns from the small scale industries will deposited in their custody.  When profits are generated effective  utilization of this research work.

 

1.5    LIMITATION OF THE STUDY

The Research has already said that the scope of the research work is limited to commercial banks and the reasons for this had been given.  The limitation that is tucked about here will be taken to mean the problem already and will still be encountered by the researcher.  It is always said and believe that, “nothing good comes  easy” and “with out pains no gains”.

The Research is at present undergoing and still anticipates  more of economic problems.  The research of this nature should normally required a lot of money, which an average student just cannot afford especially with the present economic situation in Nigeria.

However, with the little financial support  from my parent and aids from friends and well-wishers, even relatives, I hope to overcome, this constraint.

On the other hard, time factor is another problem confronting the researcher in this study.  A regular full time under-graduate student  especially of Institution of Management and Technology who carries the normal semester load does not have the full  necessary time required for a research work  of this kind.  He attends lectures from  Monday to Friday.  However, with  deviation and  commitment and by the special grace of God, I hope to and will succeed.

 

TABLE OF CONTENT:

 

CHAPTER ONE

INTRODUCTION

1.1     Background of the Study

1.2     Statement of the Research Problem

1.3     Objectives of the Study

1.4     Significance of the Study

1.5     Research Questions

1.6     Research Hypothesis

1.7     Conceptual and Operational Definition

1.8     Assumptions

1.9     Limitations of the Study

 

CHAPTER TWO

LITERATURE REVIEW

2.1     Sources of Literature

2.2     The Review

2.3     Summary of Literature Review

 

CHAPTER THREE

RESEARCH METHODOLOGY

3.1     Research Method

3.2     Research Design

3.3     Research Sample

3.4     Measuring Instrument

3.5     Data Collection

3.6     Data Analysis

3.7     Expected Result

CHAPTER FOUR

DATA ANALYSIS AND RESULTS

4.1     Data Analysis

4.2     Results

4.3     Discussion

CHAPTER FIVE

SUMMARY AND RECOMMENDATIONS

5.1     Summary

5.2     Recommendations for Further Study

Bibliography

 

 

HOW TO GET THE FULL PROJECT WORK

 

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

 

HOW TO RECEIVE PROJECT MATERIAL(S)

After paying the appropriate amount (#3000) into our bank Account below, send the following information to

08139462710 or 08137701720

 

(1)    Your project topics

(2)     Email Address

(3)     Payment Name

(4)    Teller Number

We will send your material(s) immediately we receive bank alert

 

BANK ACCOUNTS

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 0046579864

Bank: GTBank.

 

OR

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 2023350498

Bank: UBA.

 

HOW TO IDENTIFY SCAM/FRAUD

As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.

 

But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.

 

Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.

 

No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner

 

CAUTION/WARNING

Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project.  Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.

 

That you ordered this material shows you have agreed not to copy word-to-word.

 

 

FOR MORE INFORMATION, CALL:

08139462710 or 08137701720

 

YOU CAN ALSO CALL:

08068231953, 08168759420

 

 

Visit any of our project websites below:

www.easyprojectmaterials.com

www.easyprojectmaterials.com.ng

www.easyprojectmaterial.net

www.easyprojectmaterial.net.ng

www.easyprojectsolutions.com

www.worldofnolimit.com

www.worldofnolimit.com

 

 

 

 

 

Tags:

7 years ago 0 Comments Short URL