EFFECTS OF BANK DISTRESS ON THE ECONOMY (THE NIGERIAN CASE)

ABSTRACT Bank distress is a phenomenon, which involves poor liquidity, poor earning and gross inability to meet payment and maturity, obligation of deposits. The phenomenon surfaced in the Nigerian Banking System in 1930, resumed in the fifties and nineties and in recent times has resurfaced. (CBN. 1968. Anyahuru 2001). This study was carried out in order to identify the causes of repeated bank distress and its effects on the Nigerian economy and to identify ways of preventing future occurrence. The results of the study show that the major causes of bank distress in Nigeria include poor quality management bad loan and advances and fraudulent practices. The effects of such distress are bank ruins, demonetisations and erosion of public confidence among others.    TABLE OF CONTENT
Title Page i Approval Pageii Dedicationiii Acknowledgementiv Abstractv Table of Contentvi
CHAPTER ONE 1.0INTRODUCTION1 1.1Purpose of the study2 1.2Significance of the study2 1.3Scope and Limitation of the study3
CHAPTER TWO 2.0BACKGROUND4 2.1Factors that causes distress or failure4 2.2The main culprit causing bank distress in the Nigerian Banks.5 2.3Effects of banking distress6
CHAPTER THREE 3.0Summary of Findings, Conclusion and Recommendation.7 3.1Summary of findings.7 3.2Conclusion.7 3.3Recommendation.8 BIBLIOGRAPHY