THE ROLE OF NIGERIA DEPOSIT INSURANCE CORPORATION IN REVAMPING DISTRESSED BANKS. A RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE
This term paper talks about the role of Nigeria deposit insurance corporation play in rearing mother to unfold this. This time paper is divided into 5 segments or 5 chapters.
Chapter one talks about the introduction and the background of the study that is chapter one given preview on the history of Nigeria deposit insurance. Chapter two talks about review of related literature that is what other people had written in relation to the topic.
Chapter three talks about the research methodology that is how the data related to the topic was collected.
Chapter four talks about the summary of finding and lastly chapter five talks about the recommendation and conclusion.
1.1 BACKGROUND OF THE STUDY
As part of the reform measures taken to strengthen the supervisory sector the Nigeria deposit insurance corporation (NDIC) was established by degree No. 22 of 1985 the reinforcement because imperative given the up urge in the member of licensed banks following the adoption of the policy of economic deregulation but in addition to this there was also the long-term need to create and sustain in enabling environment that will engender safe and should banking practice against destructive runs, protecting bank deposit (especially those of small savers) and ensuring fair play amongst the comparative banks, these cardinal consider actions were re-informed by the lesson of history of banks features in Nigeria the experience of others countries where deposit insurance schemes are being operated and there alive of the prevailing distressed financial condition of the banks in particular and other financial intermediaries in the financial sector in general. A collaborated study of distress in the Nigeria financial sector was conducted by the corporation and the Central Bank of Nigeria (CBN) and its finding corroborated the earlier held view that distress among the Nigeria banks was precipitated by or complex set of interrelated problems that had for long afflicted the industry these include poor management capital inadequacy, poor lending etc.