THE ROLE OF NIGERIAN DEPOSIT INSURANCE CORPORATION (N.D.I.C) IN MANAGING FINANCIAL DISTRESS (A CASE STUDY OF CITIZEN BANK OF NIGERIA PLC). A RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE
PROPOSAL
Nigerian Deposit Insurance scorporation is one of the Regulatory authorities that plays a vital role in our financial institutions. The study will base on the role of “NDIC” Nigeria Deposit Insurance Corporation in managing Financial distress. However, the researcher will be acquainted with related literatures. The population of the study must comprise the Bank staff and Bank costomers of Citizen Bank Enugu and the NDIC Official in Enugu.
In that case, the sample size will be determined with the Taro Tamanis formular primary and secondary sources of data will be used; coupled with the chi-square to test the formulated hypothesis. Liquidation option as financial distress. Management has implications on confidence of the banking public.
Actually, the financial distress in Nigeria banking system cannot be controlled single handedly. And this owes to the fact that Economic depression which also affects the level of assets and liabilities of banks cannot be offset only by means of a deposit insurance corporation.
Indeed, a good findings will give us a nice recommendation and conclusion as the role of NDIC in Managing financial distress.
CHAPTER ONE
INTRODUCTION
BACKGROUND OF THE STUDY
Significant progress has been made during the past years but more intensely during the last five years towards the significations of the Nigerian financial sector through the implementation of distress resolution options. The Nigerian financial systems comprise the financial institutions rules and regulations instruments, and markets for effective intermediation. The financial institution unit of the systems comprises two major categories of institutions in the Deposit taking types and the non-Deposit taking types.
Deposit taking financial institutional include banks, and other saving institutions.
The Nigerian financial sector has been in state of trauma. The banking industry was not exception. Financial distress, non-supportive investment climate, political instability and likes and the major problems that militate against effective banking systems in Nigeria.
Financial distress is an ancient problem that had posed great difficulties to the Nigeria banking sector. The incident of distress in the Nigerian financial sector was first recorded in history during the 1930 world economic depression.
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