Mismanagement In Financial Institution (banks) In Nigeria, Causes, Effect And Solution

MISMANAGEMENT IN FINANCIAL INSTITUTION (BANKS) IN NIGERIA, CAUSES, EFFECT AND SOLUTION

TABLE OF CONTENT

Title page

Approval page

Dedication

Acknowledgement

Table of content

CHAPTER ONE

Introduction

1.1            Background of study

1.2            Purpose of the study

1.3            Scope and limitation of the study definition of terms

CHAPTER TWO

Literature review

2.1            Meaning of management

2.2            History of bank management since 1972

2.3            Requirement of good bank management

2.4            Achievement of good bank management

2.5            Meaning and causes of mismanagement in bank/ meaning

2.6            Causes of mismanagement in bank

2.7            Problem of bank management and people in banking

2.8            Effect of mismanagement in banks

CHAPER THREE

3.1            Finding

3.2            Summary of finding

3.3            Conclusion

3.4            Recommendation

Reference

CHAPTER ONE

INTRODUCTION

1.1            BACKGROUND OF STUDY

The master key to the success of any cooperation or institution (financial and non financial) is the effective management system. This could be achieved through hard work. This could be achieve through hardworking of the directors managing directors, management staff and all other workers in the organization. The major role lies on the head of the board of directors (BOD) and the managing director.

          Management simply means the organizing planning, implementing, controlling and directing of resources in an organization. This study is based on financial institution. This study is based on financial institution like banks, and there are two types of resources that can be found in a bank. They are human and material resources.

          Material resource include and other inanimate objects found in banks. Management is a personal thing that requires a personal touch. In these recent years, banking services and its management are becoming more complex, difficult and demanding.

          This is why all management staff should be more serious, honest, careful and committed to their jobs. These are lacking mismanagement involves the whole stem of the organization. Mismanagement in banks is so rampant in Nigeria, and have destroyed and led many banks to an unexpected liquidation mismanagement in banks affect human and material resources.

          Mismanagement could arise through these listed ways below in banks they are:

vManaging people that are working in banks

vPreparation of staff policies

vCommunication and industrial relations

vEnvironmental and employment conduction (if adverse, it will hamper the achievement of the desired goal in a bank.

1.2            PURPOSE OF THE STUDY

The purposes of the study are as follows:

vTo find out the causes of mismanagement in banks

vTo study how it is executed by the appointed officers and staff of banks.

vTo know its influence on the banks affected and the government

vTo determine whether it affect the economy of the nations

vTo find out the means that can be adopted by banks to solve and put to end the mismanagement of resources.

1.3            SCOPE AND LIMITATION OF THE STUDY

The study treat on mismanagement in financial institution (banks) in Nigeria, causes, effect and solution. It is not limited to a particular state. The respondent during my interview base their answer on what is happening in their banks branches in Nigeria I encountered some problems and limitation in the course of my study. They are as follows:

vInadequate finance to use in carrying out the investigation.

vNon response, mainly from senior staff in  the banks visited

vBias response from the junior staff in banks due to fear that it could be used against them.

1.4            DEFINITION OF TERMS

vMismanagement simply means bad management