EFFECTS OF BANK DISTRESS ON THE ECONOMY (THE NIGERIAN CASE)

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ABSTRACT

Bank distress is a phenomenon, which involves poor liquidity, poor earning and gross inability to meet payment and maturity, obligation of deposits. The phenomenon surfaced in the Nigerian Banking System in 1930, resumed in the fifties and nineties and in recent times has resurfaced. (CBN. 1968. Anyahuru 2001).

This study was carried out in order to identify the causes of repeated bank distress and its effects on the Nigerian economy and to identify ways of preventing future occurrence.

The results of the study show that the major causes of bank distress in Nigeria include poor quality management bad loan and advances and fraudulent practices. The effects of such distress are bank ruins, demonetisations and erosion of public confidence among others.

TABLE OF CONTENT

Title Page i

Approval Page ii

Dedication iii

Acknowledgement iv

Abstract v

Table of Content vi

CHAPTER ONE

1.0 INTRODUCTION 1

1.1 Purpose of the study 2

1.2 Significance of the study 2

1.3 Scope and Limitation of the study 3

CHAPTER TWO

2.0 BACKGROUND 4

2.1 Factors that causes distress or failure 4

2.2 The main culprit causing bank distress in the Nigerian Banks. 5

2.3 Effects of banking distress 6

CHAPTER THREE

3.0 Summary of Findings, Conclusion and Recommendation. 7

3.1 Summary of findings. 7

3.2 Conclusion. 7

3.3 Recommendation. 8

BIBLIOGRAPHY

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EFFECTS OF BANK DISTRESS ON THE ECONOMY (THE NIGERIAN CASE)

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