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THE PROBLEMS AND PROSPECTS OF DEBT MANAGEMENT IN NIGERIAN FINANCE INSTITUTIONS

                                                                                                     PROPOSAL

This research will be carried out on the problems and prospects of debt management in Nigeria financial Institutions. This all important research could be said to be timely owing to the state of our financial institution today. Not quite long ago, the Central Bank of Nigeria classified some banks as “distressed”. These banks where so classified mainly as a result of over bearing influence of bad debt on the operations of these financial institutions.    

          In the cause of this research, some important questions will be analyzed, these include:

• what are the characteristics of staff in our financial institution?
• To what extent are the common causes of bad debts/ loans affected the operations of financial institution?
• What are the early warnings signs in a potential problem loan?

The sincerity of customer in applying the credit extended to them judiciously and for the purpose, for which it was granted, will also looked unto.

This work will be concluded with recommendations to some measure necessary in order to minimize the growth of bad debts in our financial institutions.

1. Because of the enormity of the problems a campaign such as the current economic recovery that may go as national debts orientation campaign should be place in on distant time.
2. these should be strict monitoring of loan beneficiaries to ensure that fund are granted.
3. security agents should involved in dealing with chronic credit defaulters.
4. government should show interest and help in the efforts of banks occasioned by bad debt is a threat to the economic growth of the nations.
5. efforts should be made to strongly adhere to the credit policy administration in these financial institutions.
6. measures should be taken towards effective recovery of debts.
7. the sincerity of customers towards the utilization of loan found should be verified.

TABLE OF CONTENT

TITLE PAGE                                                      II

APPROVAL PAGE                                            III

DEDICATION                                                     IV

ACKNOWLEDGEMENT                                   V

PROPOSAL                                                       VII

TABLE OF CONTENT                                                IX

CHAPTER ONE                             

INTRODUCTION                                                         1

1. BACKGROUND OF THE STUDY          1
2. STATEMENT OF THE STUDY              2
3. PURPOSE OF THE STUDY                            3
4. SIGNIFICANCE OF THE STUDY          4
5. SCOPE AND LIMITATION OF THE STUDY4
6. DEFINITION OF TERMS                        5

CHAPTER TWO

1. PRUDENTIAL REGULATION OF NIGERIA BANKING10

2.1    FUNDAMENTALS OF CREDIT ANALYSIS   10

1. THE BASIC CRITERIA ANALYTICAL ASSESSMENT OF CREDIT WORTHINESS                               11
2. THE COMMON CAUSES AND

PROBLEMS OF BAD DEBTS                                   14

1. EARLY WARNING SIGNS.                             
2. FACTORS RESPONSIBLE FOR BAD DEBTS IN BANKS19
3. CONSIDERATIONS IN ASSESSMENT OFFICIAL PROPOSALS BY CUSTOMERS                       21
4. EIGHTEEN CREDIT PRINCIPLES.                 25

CHAPTER THREE

1. SUMMARY DISCUSSION                                27

3.1    RECOMMENDATION                                       28

          BIBLIOGRAPHY                                                          30

CHAPTER ONE

INTRODUCTION

BACKGROUND OF THE STUDY.

To reduce the liquidation and bankruptcy of our financial institutions, for debts management in our financial institutions. Financial institutions are committed to providing financial services and intermediation to the various segments of the economy. As a part of the services rendered, they are intermediaries between surplus economic units and deficit economic units.  

          In a modern day society, economic prosperity and progress depend largely on the level of savings in the nation. It follows that someone’s sayings in a financial institution e.g commercial banks is made available to an investor for productive venture, when this happens, a debt is created.

          Debits is credit received by a borrower from a pure lender who may be a formal or informal institution.

          These study will be carried out to determine the problem and prospects of debt management in Nigerian financial institutions and how to solve them and also techniques for improvements.

STATEMENT OF THE STUDY

Banking industry is one of the financial institution ever known the quality of service rendered by them have been attracting critisms from people in all works of life. The government functionaries, business men, the media and the general public are all very critical of banking services. The complaints range from those  of inefficiency, favourism. Long delays in cashing cheques or making withdrawals, trimness in granting loans and or credits, unfriendly attitude of bank workers and the worst of them all is bankruptcy or liquidation of bank.

          Some people find it hard to believe that banks can keep money for their customers because they believe that someday the bank will liquidate and the money people suffered to make for some years will be done just like that.

          Are these criticisms justified or are they just a mere rundown of baking industry because they are making profit in an era of economic slump.

PURPOSE OF THE STUDY

From all that has been written above, it is the aim of this study to take segment in our financial institutions and study the debt management and the approaches to take for development. The following listed below will show the aim of the study of this topic.             

      Whether or not the staff of the financial institutions are well skilled and educated. If the customers are trustworthy and what grounds could they be given loans and security back up.

          To formulate strategies and make recommendation that would be a more effective in debt management of our Nigeria financial institutions.

SIGNIFICANCE OF THE STUDY

There have been criticisms about the banking industry in the way they render services to their customers. The researcher wants to carry out a research on what banks do and find out if they adopt the techniques of debts management in the condition of services. The researcher also wants to have an empirical base either to support all the sources about the poor impression people have of the banks and other financial institutions and also to advise them on how to improve the way debt are.

SCOPE AND LIMITATION OF THE STUDY

          The scope of this study is very wide and its area of coverage is based on the financial institutions in Nigeria. To be precise the researcher is going to be based on Nigeria banks because that is only the frequent existing financial institution.

      These findings may not be valid for the whole financial institutions in Nigeria, but by and large, what happens in the banks can be said to be apply to other financial institutions.

DEFINITION OF TERMS

The following terms used in the study should be taken to mean the following.

DEPT:  debt is described as an obligation to make future payments. It is credit received by a borrower from a pure lender who may be a formal or informal institution, against the borrower’s promise to make future payments. The above definitions were made by Don. N. Ike(1992).

DEBT MANAGEMENT:

Debt management involves arrangement put in place for repayment of such facilities.

FINANCIAL INSTITUTIONS:

Financial institutions are institutions committed to providing financial services and intermediation to the various segments of the economy. As part of the services rendered, they are intermediaries between surplus economic units and deficit economic units.

PROBLEMS:

Problems mean difficulties to deal with. It also means a question to be answered or solved.

PROSPECTS:

Prospects will be described as the chances of being successful. It may be an idea of what may or will happen.