BANK FAILURES AND FUTURE DEVELOPMENT IN NIGERIA (A CASE STUDY OF CBN ENUGU)

ABSTRACT For some years back in Nigeria some banks have not been living up to expectations during the free banking era, a lot of banks failed and this did not anger well with the economy. The researcher noted that bank failures had adverse effect on the economy. The study focused attention on the general operations of the bank, its operational problems, and consequences of bank failures on the business of manufacturers and control measure necessary in checking the incidence  Bank failure is the inability of the bank to meet up with its set goals. In the past, banks that failed, failed because of some reasons like inability to honor depositors’ funds on request, maturity this match of loans, improper accounting records poor internal control system, under –capitalization and nepotism.   The study further reviewed the consequences of bank failure in the manufacturing encounter with the banks and made recommendations. 
TABLE OF CONTENTS                                                  PAGE Title page ……………………………………………………i                                                                              Approval page ………………………………………………ii Dedication ………………………………………………… iii Acknowledgement …………………………………………..iv Abstract ………………………………………………………v Table of contents ……………………………………………...vi
CHAPTER ONE 1.0 INTRODUCTION …………………………………………..1 1.1 objectives of the study ……………………………………….2 1.2 significance of the study ……………………………………..3 1.3 scope and limitations of the study …………………………….4 1.4 definition of terms ……………………………………………..6
CHAPTER TWO 2.0 DEFINITION OF BANK FAILURE………………………….9 2.1 bank failures (Nigerian Experience) ………………………….10 2.2 causes of Bank failures …………………………………………12 2.3 manufacturers, Government policies and Bank failures …………22 2.4 control of bank failures ………………………………………….23
CHAPTER THREE 3.0 SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS………………………………………………25 3.1 findings………………………………………………………………25 3.2 conclusion …………………………………………………………….27 3.3 recommendations ………………………………………………………28 Bibliography …………………………………………………………………31