THE STRATEGIES FOR AVOIDANCE OF DISTRESS IN NIGERIA COMMERCIAL BANK

(A CASE STUDY OF FIRST BANK PLC ENUGU)

ABSTRACT

This project gives a description of the practical knowledge and working experience acquired by me, during my staying in school, and some research made so far.

In that case, I started this project with a brief description of the introduction/background, statement of problems, and objectives of the study and its significance etc.

Furthermore, my special achievement is that I gained some practical experience that can help and forward work in any bank.  The project covered for the 2 years duration of my course in Ordinary National Diploma (OND) in Business Administration and Management dealt more on the effect of distress in commercial banks which comprises of 1,2, and 3.     

TABLE OF CONTENTS

Title page

Approval page

Dedication

Acknowledgement

Abstract

Table of content

CHAPTER ONE

1.1            INTRODUCTION

1.2            Background of the subject matter

1.2            Problem associated with the subject matter

1.3            Problems that the study will be concerned with

1.4            The importance of study

1.5            Definition of important terms

1.6            Reference

CHAPTER TWO

2.0     Literature review

2.1     The origin of the subject area

2.2            Schools of thought within the subject area

2.3            The school of thought relevant to the subject matter

2.4            Different methods of studying the problem

2.5            Summary

References

CHAPTER THREE

3.0     Conclusion

3.1     Data presentation

3.2            Analysis of the data

3.3            Recommendation

3.4            Conclusions

References

CHAPTER ONE

1.1            INTRODUCTION

Given the events of the past and the anxieties being experienced by most people in the society as to likely effects of renewed regulation within the banking industry, especially in relation to interest rate, I consider the topic “A strategy for avoidance of distress in Nigerian commercial banks” to be really current.

The distress which reared its head in the banks on the early minutes, has no doubt had negative impact on the sector for one, banks are no longer regarded as the most sacred institution.  Trust and confidence – the basic attributes that sustains management and customers relationship have disappeared the implication that less Nigerian today’s belief that banks still remain that safe vault for money and valuables.

These phenomenal changes brought by the distress – paved way for the collapse of many banks.  The failed banks at present cannot meet their obligation owed to both new sector, indicate that N47.9 million, representing about 25% of the entire banking deposits was lost through the financially distressed banks.