BANKING DISTRESS IN NIGERIA CAUSES AND IMPLICATIONS

INTRODUCTION
1.1BACKGROUND OF THE STUDY The issue of bank distress has been a problem which financial institutions suffer must.  The era of all for free banking in Nigeria brought which can be traced as of (1892) when banking started in Nigeria gave room for the establishment of many banks because there was little or no laws guiding banking business.  Because the was no law or supervisions on establishment of banks, many banks were established without adequate capital requirement. Morestill, the era of Structural Adjustment Programme (SAP) and deregulation brought another face in the banking industry which made many banks to sprang up in Nigeria.  This made many more banks to be established in our country.  But, as more laws guiding banking industries were established some of these mushroom banks were affected.  Such laws were regulated by some bodies and each bodies include, BOFIA, CAMA 1990, NDIC etc.  banking and other financial institution Act, Company and Allied matter Act, Nigerian Deposit Insurance Corporation and all these bodies regulating the activity of banking in Nigeria. However, bank distress became a problem in the country when these regulating bodies started monitoring the activities of these banks.  Infact, so many of them as a result of not meeting the banking CAMEL, they became distress.  CAMEL here refers to, capital Adequacy, Assets Quality management competency, Earning Strength and Liquidity sufficiency.  Infact, by 1954, vitually all the indigenous banks that sprary up during the free-for-all banking period got distressed and finally failed.  In this period only three of them, the National Bank of Nigeria, the Agbonmagbe bank (Presently WEMA Bank) and the African continental Bank survived.  Infact they were able to survive because they got assistance from state government.
TABLE OF CONTENTSTITLE PAGEIIAPPROVAL PAGEIIIDEDICATIONIVACKNOWLEDGEMENTVPROPOSALTABLE OF CONTENTSVI
CHAPTER ONEINTRODUCTION1.1BACKGROUND OF THE STUDY11.2STATEMENT OF THE PROBLEM31.3PURPOSE/OBJECTIVE OF THE STUDY41.4SIGNIFICANCE OF THE STUDY41.5LIMITATION OF THE STUDY5
CHAPTER TWOREVIEW OF RELATED LITERATURE8
CHAPTER THREERESEARCH DESIGN AND METHODOLOGY3.1SOURCES OF DATA  (SECONDARY SOURCES)243.2LOCATION OF DATA263.3METHOD OF DATA COLLECTION26
CHAPTER FOURFINDINGS29
CHAPTER FIVERECOMMENDATION AND CONCLUSION32BIBLIOGRAPHY35