MISMANAGEMENT IN FINANCIAL INSTITUTION (BANK) EFFECT AND SOLUTION. A RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE
The research was carried out to find the mismanagement in banking sector of economy. The project was divided into for chapter. Chapter one stated the problem reasons for the study, significance of the study and definition of terms.Chapter two talks about the review of banking distress in the financial system.Chapter three brings out the hypothesis to be tested and also the formular for the finding of the hypothesis. Chapter four is all about he testing of the hypothesis and the result of the testing. Finally chapter five draw the conclusion and summary and also look at the data presented and make recommendation.
1.1 STATEMENT OF PROBLEM AND PURPOSE OF STUDY
The master key to the success of any institution (financial and non – financial) according to Henri Fayol in principles of management 1. is the effective management system.
This could be achieved through the handwork of the director, managing director, management staff and all other workers in the organization. The major role lies on the head of the board of directive (BOD) and managing director.
Management according to Luther Gulick simple means the organizing planning, implementing, controlling and directing of resource in an organization.
This study is based on financial institution like banks, and there are two type of resource that can be found in a bank they are human and material resource. Material resource includes money and other inanimate objects found in bank. Management is a personal thing that requires a personal touch
The purposes of the study are as follows
- To find out he cause of mismanagement in banks
- To study how it is executed by the appointed officers and staff of banks
- To know its influence on the banks affected and the government
- To determine whether it affects economy of the nations
- To find out the means that can be adopted by banks to solve and put to and the mismanagement of resources
1.2 RATIONALE OF THE STUDY
The study of mismanagement in financial industry (bank) is necessary now because.
The study will enable the society or country understand when a bank is badly manage by the staff or official. This can be seen now as a result of banks mergering and acquisition when a bank cannot manage it resource according to central bank, this policy was designed to ensure strong and reliable banking sector capable of ensuring the safety of depositor funds and play active role in Nigeria. Economy.