1.0 INTRODUCTION
1.1 BACKGROUND OF THE STUDY
It has been observed that all over that world each country has its peculiar rules and regulations guiding the financial transaction within the economic system, even if it is public or private, the most important thing is that they are harmoniously functioning as a system to achieve the needed economic and monetary effect. (UGWUANYI 2002:3)
Needless to say that the financial system of any country is a great economic indicator and should be handed with every carefulness. The banking industry or sector being a sub-sector in a country’s financial system has had so many problem. As a matter of fact, the history of failure in the banking system dates back to the 1920’s, when the world economic system was in a great depression it was however peculiar to Nigeria during the 1950’s when indigenous Banks had to phase out or be repackaged like the Agbomgbe (Now WEMA BANK). This was as a result of other things. During the 1990’s, the Nigerian financial system faced a terrible period in her history because of some reasons that shall be discussed in the cause of my work. The shadow of failure is still hanging on the Nigerian system and the banking system till date.
Much as this problem resulted to some unreality developments especially to some banks. It was the antidote or the marketing strategy they needed to draw the attention of various bank customers to their banks with the view to making them believe that they cannot fail.
This study shall be looking at the Nigerian financial system and also discussing of the remote causes so as to be able to recommend solutions to the problem at the end of the study.
TABLE OF CONTENTS
Title page
Approval Page
Dedication
Acknowledgement
Proposal
Table of Contents
CHAPTER ONE
1.0 Introduction
1.1 Background of the Study
1.2 Statement of the Problem
1.3 Objectives of the Study
1.4 Significance of the Study
1.5 Scopes and Limitations of the Study
1.6 Research on Bank Problems
1.7 Definition of Terms
CHAPTER TWO
2.0 Literature Review
2.1 The Nigerian Financial System
2.2 The Structure of the Nigerian Financial System
2.3 Recent Development in the Nigerian Financial System
2.4 What is Bank Failure
2.5 Types of Bank Failure
2.6 Causes of Bank Failure
2.7 Efforts Being Made to Stem Bank Failure
CHAPTER THREE
3.0 Research Design and Methodology
3.1 Source of Data
3.2 Interview Question
3.3 Sample Used
3.4 Use of Research Instrument
3.5 Oral interview
3.6 Personal Observation
CHAPTER FOUR
4.0 Preservation and Analysis of Data
4.1 Data Analysis Technique
4.2 Response Rate
4.3 Response Rate in Term of Sex
4.4 The Sector Represented
4.5 Have you Heard About Bank Failure
4.6 Bank Failure Experience
4.7 The Most Prevalent Area
4.8 Positive Impact on New Generation Bank
4.9 Negative Impact in Old Generation Bank
4.10 Customers are Happy with Bank Failure
4.11 Regulatory Authorities Have made Enough Effort
CHAPTER FIVE
5.0 Summary of Findings, Recommendations & Conclusion
5.1 Findings
5.2 Recommendations
5.3 Conclusion
5.4 Bibliography
