CRISIS MANAGEMENT IN THE BANKING INDUSTRY
According to Enyima (1994, P.75), crisis is defined as a situation whereby banks faces an acute shortage of cash and bear cash asset to meet up the increasing demand of costumers, notable depositors and intending borrowers. The aim of conduction this research is to investigate into some problems that are in existence in the banking industry and to suggest possible solution towards archiving crisis free banking in Nigeria. The factors that constitute crisis are inexhaustible, but the prominent among them are forgery and lack of public confidence due to the management attitude. However, untrained staff and those banks staff who now occupy position in the bank, contribute more of distress, which lead to the banking crisis. The author stated the background of crisis management in the banking institution And also she gave the statement of the problem, purpose, objective of the study, significance of the study and limitation of the study. She furthered by giving the literature review, research design, methodology, findings, recommendation and conclusion.
CHAPTER ONE:
1.1 The background of the study
1.2 Statement of problems
1.3 Objective of study
1.4 Significance of study
1.5 Limitation of study
1.6 Definition of terms
1.7 Reference
CHAPTER TWO:
0 Review related to literature
2.1 Genesis of banking in Nigeria
2.2 Type of banking in Nigeria
2.3 Functions of banking
2.4 Similarities and differences among banks
2.5 Role of bank in the economic development
2.6 The Nigeria banking climate
2.7 Problems faced by banks
2.8 The concept of banking failure
2.9 Causes of banking failure
2.10 Indices of banking failure
2.11 Effect of bank failure
2.12 Reference.
3.0 Research methodology
3.1 Source of secondary data
3.2 Method of analysis
3.3 Location of data
3.4 Reference
CHAPTER FOUR:
4.0 Findings
4.1 General discussion
4.2 Reference
CHAPTER FIVE:
5.0 Recommendation and conclusion
5.1 Recommendation
5.2 Conclusion
5.3 Biography
CHAPTER ONE
THE BACKGROUND OF STUDIES
The Nigeria banking are undergoing a major dept crisis. The most serious in its histories incorporation into the world capital system at the turn of this country. As with other third world countries, the Nigeria dept crisis is part of a wilder crisis of accumulation
The dept crisis of the 1980 is not the first in the country history, indeed, soon after the Nigeria independence in 1960, the country experience some level of economic crisis and incurred some external dept. thus, Nigeria external dept which stood at about 82.4 million in 1960 rose to 435.2 million Naira in 1965 and by 1970 was put to some 400,89 million Naira. The dept consist mainly of long-term loan from the World Bank.
Further more, during Shagari, his administration went ahead in 1983 to put the central bank under increased pressure to open letter of credit at very short notice for such federal government agencies as the Nigeria police. The constituencies was that further compounding of the dept crisis.
STATEMENT OF THE PROBLEM
In the right of the vital role, which banks should play in the development of the national economy in their capacity as vector of fund, we point out that the Nigeria banking system in all its advancement has not succeeded yet ineffectively archiving this mission. The reason is not just one of the facts that some bank has failed, but there are other problems associated with them that the research seeks to address
There are numerous problems that are arising and which constitute crisis on the banking industry and this work will attempt to solve them.
Crisis in the banking industry is a serious problem, which is like table drops in a pool of water affect every aspect of the economy
SIGNIFICANCE OF THE STUDY
The researcher hope to archive a great thing at the end of the study. This project will help many that are interested in the banking industry. It will also help them to know the causes of crisis and how it can be prevented. The study will be of immense benefit to the following people
The sensitive nature of the nature of the topic made it difficult for the researcher to obtain some vital information from banks who when they are ask a direct question to bank executive, stationed at there head office, as they were not competent to speak on such matters. To see this executive necessitates traveling a great distance. This have a telling effect on me financially and thought about the attendant risk involve considering the nature of our highways.
Another constraint was the events of executives of bank refuse to admit this and so kept a lot of information from me as regarding the CBN brief and NDIC. The most telling effect was that of time. The time on my hand was very limited. It was not very easy for me to lay my hands on all the secondary data, which I require for the study, as the NDCI zonal office in Enugu has not got an equipped library and the CBN. Library was not equipped enough for the needed information.
DEFINITION OF TERMS
Distressed bank: a bank with managerial operation and financial weakness
Management efficiency: measure of management qualification, competence and achievements.
Banks: this is a place where money is kept and it played out on demand and where a related activity goes on.
Regulatory/ supervisory authority: this is the central bank of Nigeria (CBN) and the national deposit insurance company (NDIC)
Operators: the management and staff of a bank including the shareholders.
Ekezie E.S.(991): Managing crisis of distress Nigeria banks,
Management in Nigeria, Vol.30, No.2 and 3, September 1994.
Yusuf bangula (1978): The politic of Nigeria dept crisis
Ebdukaghe J.U (1993): contest, content and indices of distress in the bank practical approach “NDIC “, quarterly Vol.3 Nov.
Onyima B.C (1994): “ The cause of distress in the banking industry
The Nigeria accountants.
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