TABLE OF CONTENTS
Title Page i
Approval page ii
Dedication iii
Acknowledgement iv
Table of contents v
Abstract vi
CHAPTER ONE – Introduction
Background of the study 1
Statement of the study 2
Objective of study 2
Research question 3
Significance of study 3
Scope of the Study 3
Limitation of study 4
Definition of terms 4
CHAPTER TWO – Literature Review
Introduction 7
Theoretical Framework 7
Definition of Risk Management 9
Definition and General Concept of Risk 13
CHAPTER THREE – Research Methodology
Research design 19
Population of the study 19
Sampling size 19
Sampling Techniques 20
Research Instrument 21
Validity of the Instrument 21
Reliability of the Instrument 21
Method of Data Collection 22
Method of Data Analysis 22
CHAPTER FOUR – Data analysis and Presentation
Introduction 24
Presentation and Analysis of Research 25
Data Analysis 29
Recommendation Solution 32
Sample Size 32
CHAPTER FIVE Findings, Recommendations and Conclusion
Summary of the Study 34
Conclusion 34
Recommendations 35
Suggestion for Further Study 35
References 37
Appendix 38
Questionnaire 39
CHAPTER ONE
INTRODUCTION
Background of the Study
Financial industries, organisation both private a d public operation in the world of uncertainty. The uncertainty of environment in which organisation operate had led some managerial experts to fashion out a management they called “Risk Management” to reduce that uncertainty that face them.
Business are set up for a particular aim(s) and strive hard to achieve them but the uncertainty, is a permanent feature that affects any business organization. Management is expected to continuously mention and manage those risk most effectively at a minimum cost been realized and accepted by some organizations, among which are financial institution which started using the concept to minimize the losses facing them in order to achieve the organisation’s objective.
Risk according to Oxford Advance Learner Dictionary, means the possibility of meeting danger or do suffering harm or loss. This means that it is the uncertainty of financial loss in the concept of this study.
According to Nuidrom (2004) risk management is defined as the protection of assets earning, and people of an enterprise with maximum efficiency and a minimum cost. The effect, risk management provides against the possibility of assets losses so great as to course service in the organisation
Statement of the problem
Financial institutions are exposed to risks, which affect it effective performance. There are so many risk faced by financial institution today, e.g systematic risks, even fundamental risks, all these and others makes the financial institution risks.
Other risks includes youth restiveness, communal clash and even in today world in Nigeria, we have Boko Haram, also inclusive is kidnapping that become the order of the day. Especially in Nigeria (Delta Region). The banks also face withdrawal or liquidity risk in connection with its ability as a debtor to its depositors in which the creditors may be unwilling to renew or even extend new credit to it.
There is the need therefore, to identify, evaluate and tackle all the problems mentioned above, and doing so, recommend the methodology of total risk management in all financial institution (Union Bank Plc, Ughelli Branch).
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