MISMANAGEMENT IN FINANCIAL INSTITUTION (BANK) EFFECT AND SOLUTION

MISMANAGEMENT IN FINANCIAL INSTITUTION (BANK) EFFECT AND SOLUTION

Abstract

An investigation was conducted to find mismanagement in the banking sector of the economy. The project he divided into four chapters. Chapter 1 identifies the root cause of the investigation, the importance of the investigation, and definitions of terms. Chapter 2 looks at the distress review of banks in the financial system. Chapter 3 introduces the hypotheses to test and formulas for establishing the hypotheses. Chapter 4 discusses hypothesis testing and test results. Finally, Chapter 5 presents conclusions and summaries and makes recommendations considering the data presented. table of contents

chapter One

Foreword

1.1 Problem

1.2 Reason for investigation

1.3 Importance of research

1.4 Scope and Limitations of the Investigation

1.5 Definition of terms

Chapter 2

Review of relevant literature

2.1 History of bank management since 1972

2.2 Good Banking Requirements

2.3 Realization of good bank management

2.4 Significance and Causes/Significance of Poor Business in Banks

2.5 Causes of Bank Poor Business

2.6 Problems of bank managers and bank employees

2.7 Effects of poor management in banks

Chapter 3

3.1 Hypothesis

3.2 Survey method

3.3 Data sources

3.4 Limitations of the study

Chapter 4

4.1 Data display

4.2 Data analysis

4.3 Discussion of analysis results

Chapter 5

5.1 Results

5.2 Summary of results

5.3 Conclusion

5.4 Recommendations

bibliography

chapter One

Foreword

1.1 Problem Definition and Investigation Objectives

According to Henri Fayol Management Principles 1. The main key to the success of any institution (financial and non-financial) is an effective management system.

This can be achieved manually by directors, managing directors, executives and all other employees within the 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. work.

Banks To meet the challenges, banks have resorted to consolidation through mergers and acquisitions.

Improved management:
Firms may also consolidate for the purpose of attracting the management talent needed to access established market research and development strategies that have already been developed.

Effective use of resources

This will lead to performance improvements such as rationalization of factories, balancing sales activities, concentration of technical capabilities and specialized human resources, and promotion of products and marketing integration of industries and companies.

1.3 Importance of research

This work has been carried out with all skill, care and attention to achieve the desired and needed ends and to satisfy the claims of so many who consider it worthy of further study. It will therefore go a long way in reviving financial institutions, especially the banking industry, which has seen so many financial leaks over the past decade, leading to bank mismanagement and bank failures.

Advantages of his work:

educate the public about the plight of banks

Inculcate individuals, businesses and organizations who may develop this mistrust of banks and, most importantly, combat or mitigate the effects of mismanagement in sectors of the banking industry. Advising bank management on what actions would be most appropriate to

1.4 Definition of terms

Mismanagement simply means bad management.

Bank

A bank is an institution willing to accept deposits and return cash on demand. It can also be defined as an institution that stores money or other valuables (including tangible items). For example, Webster’s financial dictionary may be kept for storage or purpose. A bank’s tangible resources are inanimate objects found in the bank, such as money, books, computers, furniture, and other materials used by the bank. Also the building and its surroundings.