Project Topic:

THE BANKING INDUSTRY IN NIGERIA

Project Information:

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 65 ::   Attributes: Questionnaire, Data Analysis, Abstract  ::   922 people found this useful

Project Department:

BANKING FINANCE UNDERGRADUATE PROJECT TOPICS, RESEARCH WORKS AND MATERIALS

Project Body:

CHAPTER ONE

INTRODUCTION

1.1       BACKGROUND OF THE STUDY

With an award match to becoming an industrialized nation, Nigeria is witnessing true emergence of human resources as professional, which made possible  the establishment of service industries and other business organizations.  This belief was rather so strong  that the urge to provide financial services can no longer be overlooked.  to accelerate economic growth and economic development both government and some organized private groups were issued licenses to operate banks, in addition to a few banks that were already into business to operate systematic financial services.

these banks employed young men and women, but  like every aspect of human endeavour have their challenges facing the banking industry and indeed all industries is the incidence of fraud.  Bakere (2002.1) observed that the incidence of frauds in the Banking Industry has in the recent.  Past posed a very serious threat to the very existence of financial institutions and is a matter of serious concern to the regulatory authorities and the  Banking public.

Despite the stringent measures put in place by monetary authorities and internal control measures to check the activies of fraudsters, frauds in  the banks to be on the increase.  Edozie as observed by Adebayo (2001:5) stated that available statistics reveal that thirdly-one banks reported that they experienced frauds and forgery cases for the  period (January –March 2002).

Banks are institutions known to operate on the centre –pin of public confidence.  today that concept  no longer holds as bankers themselves either initiate frauds or partakes deeply in fraudulent activities against their banks (employers).

According to Nigerian Dposit Insurance /corporation (NDIC) Annual Reports (1999:9), most of those banks were run around by a few greedy directors and officials who perpetrated frauds and all kinds of unethical practices against their institutions.  This is an aberration that continues to erode public confidence in banks.

this scenario has singularly contributed to the liquidation of many banks.  Agbata (1998:13) observed that one cannot avoid considering the fact that the distress in the  banking industry  was occasioned by fraud.

Now that cases of fraud have been established in the  banks, the need therefore arise to find out problems associated with fraud, It’s impact on the macro-economy and how these problems are being tackled, hence the need for this study.

1.2       STATEMENT OF RESEARCH PROBLEMS

Generally speaking, movements in the economy of any nation result from the inter-play of money and  other economic variables.  In Nigeria, the impacts of money and other banking  have been the dominant factors determining macro-economic performance. Despite this unique position of banks between other sectors of the economy, banks (especially commercial banks) are faced with a good number of economic crises.  Notably among the cases is fraud.

As a result there has been a lot of criticisms from the investing public about the non-commitment and dedication to duty by Nigerian bankers.  This stems from the fact that distress in the banking industry originated fraud, which was occasioned by bankers.

Directors and management of banks are also criticized of their inability to direct and control men and materials effectively.  Poor accounting or reconciliation procedures may give an employee the opportunity to spot a weakness and devise a plan  to take advantage of it.  This is due to the weakness of internal controls in a bank.

 

Get the complete project »


Instant Share On Social Media:


Can't find what you are looking for?
Call (+234) 07030248044.

OTHER SIMILAR BANKING FINANCE PROJECTS AND MATERIALS

A CRITICAL ANALYSIS ON THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 72 ::   Attributes: Questionnaire, Data Analysis  ::   13107 engagements

ABSTRACT This project work is carried out to examine the contribution of micro finance banks to the development of Small and medium scale enterprises in Nigeria. The Brass micro finance bank is used a...Continue reading »

A STUDY ON THE ACCEPTANCE AND ADOPTION OF THE CBN CASHLES POLICY IN PORT HARCOURT, NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 76 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   6565 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND TO THE STUDY One of the prerequisites for the development of national economy according to Ajayi et al, 2006 is by encouraging a payment system that is secu...Continue reading »

A STUDY ON THE IMPACT OF BUDGETARY CONTROLS ON THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIDELITY BANK PLC)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 80 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   15982 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY AND PROFILE OF THE ORGANIZATION Following the uncertainties prevailing in the Nigerian business environment today, managers and stakeholders mu...Continue reading »

ANALYZING PERFORMANCE APPRAISAL TECHNIQUES IN UNION BANK NIG PLC

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   16650 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY In any evaluation of the condition necessary for the growth and survival of an organization, the role of performance appraisal is a strategic f...Continue reading »

AUDIT INDEPENDENCE: ENHANCING ACCOUNTABILITY AND TRANSPARENCY IN CORPORATE ORGANIZATIONS

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 71 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   9884 engagements

CHAPTER ONE INTRODUCTION 1.1. Background of the study The subject of transparency and accountability in modern day corporate organizations has continued to receive attention as never before. It has b...Continue reading »

CREDIT MANAGEMENT AND ISSUES OF BAD DEBTS IN COMMERCIAL BANKS IN NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 68 ::   Attributes: Questionnaire, Data Analysis,Abstract

The article on this topic (credit management and issues of bad debts in commercial banks in Nigeria) is an extract from literature review of the project material. The complete project work would be ma...Continue reading »

What are looking for today?

WHAT OUR CUSTOMERS ARE SAYING:
  • 1. Asad from Kardan said "useful information, thank you.".
    Rating: Very Good
  • 2. Mwanasinjale Bruno Y. from Catholic University College Of Mbeya (CUCoM) said "Conglatulation to all supporters of the project clue. For what your doing has great impact to the society".
    Rating: Excellent
  • 3. Agaji Gabriel from Federal University of Agriculture Makurdi said "Projectclue is the best for free research topics and material. Kudos to you guy.".
    Rating: Very Good
  • 4. Abiola Adesanya from University Of Lagos Nigeria said "The best portal for undergraduate research projects and free project topics in Nigeria. Kudos to you guys! Project Clue".
    Rating: Very Good
  • 5. Dabung Timothy from University of Jos said "The effect of job stress on employees performance".
    Rating: Excellent
  • 6. Elkanah Umma from Ahmadu Bello University Zaria said "I had wonderful working experience from you guys. Your side is perfect for research! Keep helping the customers.".
    Rating: Very Good