The term bank means place where money and valuable are kept for safety. So bank failure means the inability of the bank to meet its statuary obligation.
The financial sector of any economy plays an important role in promoting and supporting economics growth and development. When the financial (sector) is in distress cannot perform its role effective.
Modern commercials banking business remained commenced in Nigeria at about 1892. At that time, it was solely a business for the foreigners.
Even at in dependents in 1960, about 80% Nigeria banking business remained in the hand of foreigners.
To redress this situation and meet the financial requirements of Nigeria business, some indigenous bank commenced operation in he late 1920 and 1930 at that time the bank business was virtually regulated those new indigenous commercial and merchant bank were later to be faced with problem of under capitalization in experienced management hostile and unfair competition from foreign bank.
By 1954, 21, of the 25, indigenous bank operating in the country collapsed, of the remaining from only two are still operation in Nigeria today
This become a source of worry to the public manageress and regulatory of bodies like Central Bank of Nigeria (CBN) and Nigeria deposit insurance corporation (NDIC).
This study however, in tends to use bank as a case study.
It hoped that at the end of the study, the causes and cause of bank failure in the modern economy will be known better and suggestion offered to deal with the problem.
TABLE OF CONTENTS
Title Page
Approval Page
Dedication
Acknowledgement
Table of Contents
CHAPTER ONE
INTRODUCTION
1.1Background of the Study
1.2Statement of the Problem
1.3Object of the Study
1.4Research Question
1.5Significance of the Study
1.6Scope and Limitations
1.7Definition of the Term
CHAPTER TWO
LIERATURE REVIEW
2.0INTRODUCTION
2.1The Development and Operation of Information,
Technology in Nigeria Banking System
2.2Evolution of Computer Technology
2.3Electronics Fund Transfer (E.F.T)
2.4Magnetic Ink Character Recognition System (MICR)
2.5Automatic Teller Machine [AT.MS.]
2.6 Counting Machines
2.7Problems Militating Against Rapid Development of Information Technology in Nigeria Banking Industry.
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... Continue Reading
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... Continue Reading
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,... Continue Reading
ABSTRACT The aim of this research study is to analyze and ascertain the extent to which fraud and poor management contributed to bank failure through a careful analysis of banking industry with a particular reference to the presently embattled Savannah Bank of Nigeria Plc. whose operating license was recently revoked. Chapter one examined the... Continue Reading
ABSTRACT The aim of this research study is to analyze and ascertain the extent to which fraud and poor management contributed to bank failure through a careful analysis of banking industry with a particular reference to the presently embattled Savannah Bank of Nigeria Plc. whose operating license was recently revoked. Chapter one examined the... Continue Reading
ABSTRACT The aim of this research study is to analyze and ascertain the extent to which fraud and poor management contributed to bank failure through a careful analysis of banking industry with a particular reference to the presently embattled Savannah Bank of Nigeria Plc. whose operating license was recently revoked. Chapter one examined the... Continue Reading
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TABLE OF CONTENTS TITTLE PAGE APPROVAL PAGE DEDICATION ACKNOWLEDGEMENT TABLE OF CONTENT CHAPTER ONE INTRODUCTION 1.1 Background of the Study. 1.2 Statement of the Problem. 1.3 Purpose of the Study 1.4 Delimination 1.5 Limitations CHAPTER TWO LITERATURE REVIEW 2.1 Historical Origin of Union Bank 2.2 Difference Between Union Bank and Other Banks 2.3... Continue Reading
INTRODUCTION 1.1 BACKGROUND OF THE STUDY The Nigerian economy has undergone structural changes in the past three decades from a predominantly agricultural economy in the 1960s to an economy mainly valient on oil from the mid 1970s The growth in oil earnings was not fully internalized into the economic system. The result was that the consumption... Continue Reading
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... Continue Reading