TABLE OF CONTENT
COVER PAGE
TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDEMENT
TABLE OF CONTENT
PROPOSAL PAGE
CHAPTER ONE
INTRODUCTION
BACKGROUND OF STUDY
STATEMENT OF PROBLEM
PURPOSE OF STUDY
SIGNIFICANCE OF STUDY
LIMITATION OF STUDY
DEFINITION OF TERMS
CHAPTER TWO
REVIEW OF RELATED LITERATURE
CHAPTER THREE
3.0 Research Design and Methodology 42
- Research Design 42
- Area of Study 43
- Population 43
- Sample and Sampling Techniques 43
- Instruments of Data Collection 45
- Methods of Data Presentation 45
- Methods of Data Analysis 47
References 48
CHAPTER FOUR
- Data Presentation and Analysis 49
- Test of Hypothesis 59
CHAPTER FIVE:
Findings, Summary, Recommendations and Conclusion 64
- Findings and Summary 64
- Recommendation 66
- Conclusion 69
References 71
Bibliography 72
ABSTRACT
It is now generally reconvicted and accepted that banks play a catalytic role in the process of economic growth and development. In any society they are the engine of economic stimulation and growth. Thus, when there is bank failure in any economy, and economy become adversely affected. In this regard, the research carried out on this project work is BANK FAILURES IN NIGERIA; CAUSES, IMPLICATION AND REMEDIES.
This study is structured into five inter dependent chapters to make for easy reading and comprehension. Chapter one consist of the introduction to the research work as well as the background of study, statement of problem, purpose of study, significance of study, limitation of study and the definitions of terms.
Chapter two deals with the review of related literature.
Chapter three contains the research design and methodology which is of paramount importance to the researcher. This chapter also consists of the source of data (secondary data only). Location of data also the method of data collection which requires literature work only.
Chapter four deals with the findings of this research work and finally,
Chapter five talks about the recommendations and conclusion drawn by the researcher so as to remedy the cause of bank failures in Nigeria. which has been a barrier to economic growth and development in our society and to the world at large.
PROJECT FORMAT
CHAPTER ONE
INTRODUCTION
Background of study.
1.2. Statement of problem
1.3. Purpose of study
1.4. Significance of study
1.5. Limitation of study
1.6. Definition of terms.
CHAPTER TWO
REVIEW OF RELATED LITERATURE
CHAPTER THREE
RESEARCH DESIGN AND METHODOLOGY
3.1. Sources of data (secondary data only)
3.2. Location of data
3.3. Method of data collection (literature work only).
CHAPTER FOUR
4.1. FINDINGS
CHAPTER FIVE
5.1. CONCLUSION
5.2. RECOMMENDATION.
CHAPTER ONE
INTRODUCTION
- BACKGROUND OF STUDY
Banks are generally recognized and accepted to be a body that play a catalytic role in the process of economic growth and development. In any society, they are the
The brain of economic stimulation and growth. When there is bank failure in any economy, such economy is terribly affected.
Bank are the holders of the bulk of the nations monetary supply. This is becoming increasingly so as the public awareness of the services of banks increase and as the physical presence of banks rises throughout the country. Because of the supply of money and credit needs, banks no doubt occupy of any country.
According to Alashi S.O (1991). Empirical evidence exists which suggest a positive correlation between real economic growth and bank assets, and between money supply, bank assets and economic development.
Banks failure and associated run on banks limit the ability of banks to create. Money, jeopardize the payment mechanisms and disrupt bank-lending activities (Nyong 1995).
- STATEMENT OF THE PROBLEM
Every country attempts how to maintain a healthy financial system because of its impotence in economic growth and development of the bank failure in the society.
There is bound to be a serious problem in that society.
From the beginning of banking in Nigeria there have been serious crisis of bank failure in the industry. This no doubt constitutes a set bank in our quest for economic growth and development. Such a situation should not be allowed to continue. To this effect there is need to investigate the causes of bank failure as the logical step towards formulating realistic policy to arrest the trend.
- PURPOSE OF STUDY.
The purpose of this study is to focus attention on the problem of bank failure in Nigeria which is threatening to hamper the resumption of sustain economic growth and development of the Nigeria economy. To this effect the major objective of this study is to:
- Identify the causes of bank failures in Nigeria
- Formulate a model to identify failed banks
- Provide policy suggestion to minimize the occurrence of bank failure in the country.
- RESEARCH QUESTION
- Are there bank failures in Nigeria?
- Is there a model to identify bank failure?
- Can policy suggestion be provided to minimize the occurrence of bank failure in the country?
- SIGNIFICANCE OF STUDY
The significance of this study is to achieve a great success in contributing the little the research can, if not a great deal in solving the bank failure problem in Nigeria which will in turn being about an immense change in the Nigeria banking sector with particular reference to first bank of Nigeria PLC
It is as well hope that this research work will definitely enlightening the staff and management of banks especially first bank of Nigeria PLC. In addition it will bring about more profitably contributions and improvement to every order banks nation wide to know their problem and locations, further more, this study will serve as means to tackle most of the inherent problems effectivel7 again it will help the society of large in the evens or to be as a favorably side of the failure syndrome on Nigeria banks is eradicated completely.
Finally though the researchers restricted the study to Enugu state and standard trust bank the result of findings will be of means benefit to all banks in Nigeria as well as students conducting similar research on the same topic or related one.
1.5 LIMITATION OF STUDY
during this research, there were some problems that stumps up and some of them are as follows:
1- FINANCIAL CONSTRAINT: as a student the fund available was not enough in transporting and fact findings and all so for borrowing of necessary literature that would have help in the wring of this research work.
- MANAGEMENT CONSTRAINT: the study should have included more banks in the sample but for the on availability or data from more banks, secondly the data used are less than accurate sense the represent information for the public which may not the actual the same with the situation of ground in the banks.
1.6 DEFINITION OF TERMS:
BANK FAILURES:
According to Eugene and Louse (1985) they are five different types of failures these are , economic failure, business failure, ;technical failure or insolvency, in bankruptcy and legal bankruptcy. The world failure according ozogn(1984) means to be unsuccessful l in attempt ;at achieving any set objectives or aspiration it could be also mean the inability, refusal, forth or weakness which prevent achievement of any set objectives or aspiration.
Within the conduct of this write up therefore, one could explain bank failure at the aim ability to the bank to meat up with its obligation to its customers. owners and economy as a whole should be noted so as to not to be identified with failing banks.
ECONOMIC GROWTH:
Economic growth means the increase in quality of goods and services that equally increases and national income. Growth does not consider or involved overall change in the structure of the society. It is worthy of note that economy may be growing yet but not maturing (developing)
ECONOMY DEVELOPMENT:
Economy development means sustained changes in an economic leading to cumulative increase in real income per capital, increase in supply of improve factors of production, improvement in allocation of factors such that every factors is used effectively, equitable distribution of incomes, development of efficient administrative and political systems , improvement of efficient in social of economy infrastructures , provenance of political and social stability and sectional balance in development.
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