CAUSES AND EFFECTS OF MISMANAGEMENT IN FINANCIAL INSTITUTIONS

  • Type: Project
  • Department: Banking and Finance
  • Project ID: BFN0277
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Pages: 30 Pages
  • Methodology: nil
  • Reference: YES
  • Format: Microsoft Word
  • Views: 3.2K
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853
CAUSES AND EFFECTS OF MISMANAGEMENT IN FINANCIAL INSTITUTIONS
TABLE OF CONTENT

CHAPTER ONE
INTRODUCTION
1.1              Background of the study
1.2              Statement of the problem
1.3              Purpose/objective of the study
1.4              Significance of the study
1.5              Limitations of the study
1.6              Definition of terms
CHAPTER TWO
2.0              Review of related literature
2.1       Causes of financial mismanagement in financial institution
2.2              Effect of mismanagement in financial institutions
CHAPTER THREE
Research design and methodology
3.1              Sources of data (secondary source only)
3.2              Location of data
3.3              Method of data collection (literature work only)
CHAPTER FOUR
4.0       Finding
CHAPTER FIVE
5.0       Conclusion
5.1       Recommendation
5.2       Bibliography
CHAPTER ONE
INTRODUCTION
1.1              BACKGROUND OF THE STUDY
A financial institution is an organized body concerned with the management of money.  This is to say that the institution is responsible for the leading and borrowing of money in other words, it is an institution involved in financial intermediation where money is mobilized and channeled from the public sailing (those who have surplus funds want to save to those who want to invest in productive activities.  Some of the institution in Nigeria are commercial banks, stock exchange market, merchant bank, CBN insurance companies, development banker.
Mismanagement is defined by land-man English dictionary as controlled or deal with private, public or business affairs badly, unskillfully etc.  The mismanagement is also defined by Oxford English Dictionary, Version, it states that mismanagement –mismanage, bad improper administrations to manager-badly or wrongly.  Then financial mismanagement according to the above definitions may be improper administration, bad or wrongly used of money, inadequate collateral security or granting loan.  Misappropriation of money or management of finance unskillfully.  They are good in selling of securities.  They are sources of revenue to the government.  They also provide a lot of advice to the government.  They help the government extremely in international trade etc.
To the public and private individual, bank provide drastic support to public and individual affairs.  The bank grant loans advances, make payment locally or outside Nigeria.  Infact, they perform variety functions to satisfy the financial needs of all types of customers from small personal account holder to the big incorporates and public organization.  That is by accepting of deposits, safe custodying agency services etc.
Furthermore, mismanagement in financial institutions make them unable to tackle their problem and obligations like paying of taxes to the government, cash-reserve, reserve rates, workers salaries going out loans etc.
After the overthrown of the last civilian administration in the country, many financial institution made a lot of staggering discoveries to funds misappropriate through inflated contracts, bribery and kick backs etc.  Since then Nigerian economy has become a sick body up till today.  Infact financial analyst’s puts public fund misused and those smuggled outside the country at several millions of naira.
Finally, the various officers mostly the managers and cashiers of those institutions are accused of the abnormal of mismanagement in financial institutions.
1.2              STATEMENT OF THE PROBLEM
In this aspect it is well known fact that adequate management in the financial institutions well enable them pay their roles as supposed and achieved their basic aim or objectives as well.  They are unable to perform their roles in selling of securities paying at taxes sources or revenue to the government help in international trade etc.  Thereby encountering some problems which may be stated.
i.                    They are finding themselves unable to meet customers withdrawals
ii.                  Customer withdraw much from them thereby reducing deposit liabilities much constitutes the main source of banks, loan able funds.
iii.                Unable to abide by the relevant laws especially before the financial ordinance.
iv.                That they are having loss of trust by their customers in as much as not investing on them anymore.
v.                  That they are having poor turn-over fear.
vi.                That issue has accommodated distress in the banking system which has enraged deterioration and failure in banking of financial activities thereby revising of the gains made in the past.
 PURPOSE/OBJECTIVE OF THE STUDY
Financial institutions have been identified as the catalyst for or meaningful economic transformation of the country.  This is no doubt that financial institutions are important sector in the economy of Nigeria financial institutions encountered a lot of financial mismanagement lending to incapacities.  These area problem that associated with the interior operators i.e. the managers, accountants, cashiers etc.
I am strongly believe that if the cause of financial mismanagement in financial institutions and its effects and set of people it affect, is identified, it will give way for easy and smoothes eradication or control in these institutions, its effect such as banks, stock exchange market, capital market etc.  So as to achieve its objectives and aims in life.  It provides machinery for which medium and long term funds are mobilized and made available to business, government and individual.  It is in video of this that I have taken up this course of study to examine thoroughly the cause of this financial mismanagement as well as its effects and the people it affected and how it affects them.
1.3              SIGNIFICANCE OF THE STUDY
This research work is centered in causes and effect of mismanagement in financial institution.  The significance of this research are:
1.         It will enable the research ascertain the remote and immediate problems involved in the mismanagement on financial institution.
2.         Another essence of the researcher, is that the mismanagement on financial institutions in the country and its environment and the people of Nigeria as a whole will know the problems that had been militating against the effective and efficient of mismanagement in financial institution in the respective states or country.
3.         The result of this study will inevitably lead to a decrease in the mismanagement in financial institutions.
1.4              DEFINITION OF TERMS
Management: This simple means the controlled or deal with private, public or business affairs badly, unskillfully that will make them inability to meet their obligations.
Financial:       This deals with, or relating to money, services, institutions, advice, assistance, support etc.
Institution:     This means a large, important organization or typical feature of a society or group that has a particular purpose.  Examples like banking, university etc.
 
CAUSES AND EFFECTS OF MISMANAGEMENT IN FINANCIAL INSTITUTIONS
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Banking and Finance
  • Project ID: BFN0277
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Pages: 30 Pages
  • Methodology: nil
  • Reference: YES
  • Format: Microsoft Word
  • Views: 3.2K
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Banking and Finance
    Project ID BFN0277
    Fee ₦5,000 ($14)
    Chapters 5 Chapters
    No of Pages 30 Pages
    Methodology nil
    Reference YES
    Format Microsoft Word

    Related Works

    TABLE OF CONTENTS COVER PAGE Title page Approval page Dedication Acknowledgment Table of content CHAPTER ONE 1.1            Introduction 1.2            Statement of problem 1.3            Objective /purpose of the study... Continue Reading
    TABLE OF CONTENTS COVER PAGE Title page Approval page Dedication Acknowledgment Table of content CHAPTER ONE 1.1    Introduction 1.2    Statement of problem 1.3    Objective /purpose of the study 1.4    Significance of the study 1.5    Limitation of the study CHAPTER TWO 2.1    Literature review CHAPTER THREE Research design... Continue Reading
    TABLE OF CONTENTS COVER PAGE Title page Approval page Dedication Acknowledgment Table of content CHAPTER ONE 1.1 Introduction 1.2 Statement of problem 1.3 Objective /purpose of the study 1.4 Significance of the study 1.5 Limitation of the study CHAPTER TWO 2.1 Literature review CHAPTER THREE Research design and methodology 3.1 Sources of data 3.2... Continue Reading
    CAUSES  AND EFFECT OF MISMANAGEMENT IN FINANCIAL INSTITUTION. ABSTRACT The aim of this study is to appraise the causes and effect of mismanagement in financial Institution.         To accomplish the above objectives to enable adequate management in financial Institution to achieved their basic aim in Financial Institution, Management... Continue Reading
    ABSTRACT  The research was carried out to find the mismanagement in banking sector of economy. The project was divided into for chapter. Chapter one stated the problem reasons for the study, significance of the study and definition of terms. Chapter two talks about the review of banking distress in the financial system. Chapter three brings out... Continue Reading
    Abstract This study examines corporate strategy and financial performance of financial institutions listed on the Nigeria Stock Exchange. Financial performance is an important concept that relates to the way and manner in which... Continue Reading
    ABSTRACT By the author: Aniabari Charley. The study was undertaking to determine the extent of relationship between international financial reporting standards (IFRS) and the preparation and presentation of financial statements having selected banks in Rivers State Nigeria as study units. Given the above, the purpose of the study was to... Continue Reading
    ABSTRACT By the author: Aniabari Charley. The study was undertaking to determine the extent of relationship between international financial reporting standards (IFRS) and the preparation and presentation of financial statements having selected banks in Rivers State Nigeria as study units. Given the above, the purpose of the study was to... Continue Reading
    ABSTRACT The research was carried out to find the mismanagement in banking sector of economy. The project was divided into for chapter. Chapter one stated the problem reasons for the study, significance of the study and definition of terms.Chapter two talks about the review of... Continue Reading
    CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Abuja the Federal Capital Territory of Nigeria has tremendous importance in the country’s life and development. It is a hotbed for political fermentation, such that generates centripetal attraction from... Continue Reading
    Call Us
    Get this work
    whatsappWhatsApp Us