BANK FAILURE AND THE IMPACT ON ECONOMIC DEVELOPMENT IN NIGERIA

ABSTRACT Banks occupy the most strategic point in the financial system may the economy. For a total of thirteen banks that something in definitely not going on correctly. Certain questions have been asked, solution proffered and prospects for the future explained but none of them seems to have solved the problem. This study is not antagonistic of any other. Rather it is complementary. Other works have been used there and duly acknowledged but everything is with intent to find a lasting solution to the issue of bank failure. The study was based upon data collected through information sifted from books Journals, annuals, and periodicals.  All the relevant data obtained were analyzed generally and used to deduced the findings the major finding include – incideouate attention is accorded the unorganized private sector in favour of the inflationary trends in the economy: not enough attention is research and development not enough attentions is accorded and staff training the problems of bank failure is not systemic. It is only a few banks in the industry that have failed lack of technical expertise in most bank the fact that most bank promoters only set out for initial capital instead of appropriate and compatible fellows poor internal control system ad finally thirteen bank are currently in liquidation. To this effect the following recommendations were presented. Banks should maintain proper internal control system emphasis more on research and development mere emphasis on staff training maintain paid up capital structure that will  be relevant to inflationary trends government should  ensure that there is an enabling environment. Promoters of compatible status and management should be of high technical skill ability and dynamism in conclusion it will be quite expenditure to point out that the Nigerian economy is still a very under developed one and will take the astuteness of every single Nigerian to get it out of the doldrums. It is only when the economy became stable that we shall have every stable banking environment where failure might bot be entirely absent but reduced to a minimal rate the task is not only for the authorities. Everyone has a role to play.  
TABLE OF CONTENT
Title page Approval page Acknowledgment  Dedication Abstract Table of contents
Chapter One 1.0Introduction 1.1The Background of the study 1.2 Statement of the problem 1.3Objective of the study 1.4Definition of term Reference
Chapter  Two
2.0Review of related literature 2.1Types of Banking in Nigeria 2.2 The  Central Bank of Nigeria 2.3The Development Bank 2.4Functions of Commercial  Bank 2.5Similarities and Differences Among Bank 2.6The Role of Bank in Economic Development 2.7Problems face by Banks 2.8The concepts of Bank failure 2.9Cause of Bank Failure 2.10Indices of Bank Failure 2.11Effects of Bank Failure References
Chapter Three 3.0Research Methodology 3.1Sample size 3.2Sources of Data 3.2.1Secondary Sources 3.3Method of Analysis References 
Chapter Four 4.1Findings 4.2Discussion References
Chapter Five 4.0Recommendation and Conclusion  5.1Recommendation Conclusion Bibliography