The main write up of this project is to identify the causes, effects andsolutions to the problem of distress in banking sector of Nigeria economy. The chapter one deals with the introduction which talks about how bankfailure that is inability of a bank to meet its obligations to its customers, ownersand the economy occasioned by fault or weakness in its operation which hadrendered it insolvent and bankrupt. The objectives of the study, the scope of thestudy, statement of the problem and limitation of the study are included. Chapter two is the Literature Review which deals with the Nature andimplications of a bank classification as “DISTRESSED”. How the deregulationprocess has tremendously increased the tempo of activities of the banking sub-sector. The major Risk Areas in Banking and Bank Rehabilitation Efforts; thegeneral administration of the affairs and business of the corporation and theconceptual issues in Distress Management. Chapter three deals with the causes of bank failure, the effects of Bankfailure and the solutions to distress in Banking. Chapter four talks about the roles of NDIC on the Promulgation and Reviewof Banking Decree and Guidelines, in the National Economic, Financial andMonetary Management and other roles in Extra Ministerial Committees. Chapter five is the summary and conclusion, Recommendation followed byBibliography.
TABLE OF CONTENT
(i) Title Page
(vi) Table of Contents
1.1 Background of the study
1.2 Objectives of the study
1.3 Scope of the study
1.4 Statement of the problem
1.5 Limitation of the study
CHAPTER TWO 7
2.0 Literature Review
2.1 Nature and Implication of a Bank Classified As Distressed
2.2 Deregulation Policies
2.3 Major Risk Areas in Banking
2.4 Bank Rehabilitation Efforts
2.5 Administration of the Corporation
2.6 Conceptual Issues in Distress Management.
3.0 Bank Failure
3.1.0 Causes of Bank Failure
3.1.1 Auditors and Directors Involvement in Distressed Bank.
3.1.2 Analysis and Policy Implication
3.2.0 Effects of Bank Failure
3.3.0 The Solutions to Distress in Banking
3.3.1 The Prudential Guidelines 1990 and the Statement of Accounting Standard (SAS10) 3.3.2 The Failed Bank Tribunal. 8
4.0 The Roles of NDIC
4.1 NDIC’s Role in the Promulgation/Review of Banking Decree and Guidelines.
4.2 Publicity of NDIC Operations and Publication of Banking Information.
4.3 NDIC’s Role in National Economic, Financial and Monerary Management.
4.4 Encouragement and Support of Banking Practise and Education.
4.5 Other Roles in Extra-Ministerial Committees.
5.0 Summary and Conclusion
BIBLIOGRAPHYCAUSES, EFFECTS AND SOLUTIONS TO DISTRESS IN BANKING SECTOR IN NIGERIA A REVIEW OF THE ROLE OF NIGERIA DEPOSIT INSURANCE CORPORATION (NDIC)