BANKING INSPECTION AND EXAMINATION AS AN AID TO EFFECTIVE BANKING MANAGEMENT

BANKING INSPECTION AND EXAMINATION AS AN AID TO EFFECTIVE BANKING MANAGEMENT

ABSTRACT

The objective of this study was to explore the possible banking inspection as an aid to effective bank management with particular reference to UBA Plc Enugu.
To guide this research, the following eight research questions were formulated as thus
What are the control measures against the bad debt in the bank being achieved?
To what extent are the workers being assured of jobs?
What are the control measures against the bad debt in the bank being achieved?
To what extent are human and non-human resources adequate for efficient inspection in the bank?
To what extent has the bank provision against computer found being checked?
A structured questionnaire developed by the researcher was administered to a total of 102 male and female staff of UBA Plc, Enugu.
They were selected using the sample of 50 population. Hence the data collected and analyses using percentages.
The major findings among other are:
1. Those males are majority in UBA Plc, Enugu.
2. Greater majority of the staff have served for 6 to 10 years and more.
3. Majority are WASC/GCE holders.
4. Greater majority of the staff are married.
5. Resources are not adequate except few resources items.
6. Computer fraud has not been experienced in UBA Plc, Enugu.
7. Interference and job/position insecurity of inspector’s effects objectivity report and recommendation.
8. Also non-implementation of provisions reports effect inspector’s functions.
9. Bad debt occurred in UBA always based on the findings. The major recommendations were as follows:
In service training should be given to staff an regular basis to get abreast with demands of the time.
Use delegation as a supervisory strategy to be in professional touch despite physical remoteness in all sectors of the banks.
Seminars, staff meeting, individual conference, demonstration service, provision of office bulletin and make people closer.
Promotion of good working relationship by cultivating desirable temperament.
Leadership functions such as coordinating, researching and servicing should be taken serious as a lore development in the bank.
Staff safety and welfare must be assured for continuity.

CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND TO THE STUDY
The banking act of 1969 defined banking business as the business of receiving monies from outside resources as deposits, irrespective of the payment of interest and the granting of money loans and cheques, or the purchase and sales of securities for accounts of others or the incurring of the obligation to acquire claims in respect of loans prior to their maturity or the assumption of guarantees and other warranties for others.
In Nigeria, the banking business is being operated by the central bank of Nigeria CBN which acts as the apex bank commercial banks, merchant banks and of course the people’s and community bank established by various decrees promulgated by the federal military government.
Commercial banking actuates started in Nigeria in 1892 when the African Banking Corporation commenced its bank work in Lagos. 
One of the basic roles of the central bank of Nigeria is the supervision and control of other banks.
The CBN’s objective and goals of banking inspection and examination are:
1. To develop a sound banking system
2. To protect depositors and creditors of the bank.
3. To provide adequate banking services in all part of the country.
4. To promote rapid economic development throughout the country.

DOWNLOAD COMPLETE PROJECT MATERIAL

BANKING INSPECTION AND EXAMINATION AS AN AID TO EFFECTIVE BANKING MANAGEMENT