chapter One

1.0 Introduction

1.1 Research background

Commercial banks are legal entities with indefinite legal succession, Basil (2001:
1) Under Section 29 of the Companies Act 1990, companies are classified into three types.

1. A limited liability company ends with the word “limited”. (GmbH).

2. Public companies end with “public limited” (plc)

3. Company Limited by Guarantees end with the words “Limited by Guarantee” in brackets (ltd Gtc)

On this basis, we recall the problem of financial institutions. Financial institutions are business organizations and establishments that handle money and financial assets such as stocks, bills, and Treasury bills. Augustine (2003:

Financial institutions are considered banks, including central banks and commercial banks (known as stock banks). While financial institutions have long turned their attention away from banks, they have turned their attention to institutions that pool or mobilize the savings and excess liquidity of individuals, firms, and corporations. It is clear that no country or economy can exist without a proper banking system. Banks arose out of the human question of storing or storing wealth.

1.2 Background of the case study (Ecobank)

Ecobank company profile

Ecobank Nigeria Plc, commonly referred to as Ecobank Nigeria, is a commercial bank in Nigeria. It is one of the commercial banks licensed by the Central Bank of Nigeria, the country’s banking regulator. The bank he founded in 1985 and started operating in 1986. It operates as a universal bank providing wholesale, retail, corporate, investment and transaction banking services to customers in the Nigerian market. The bank divides its business into three main areas.
(a) retail banking; (b) wholesale banking; and (c) treasury and financial institutions. The bank also plans to offer capital markets and investment banking services in the fourth quarter of 2011. Ecobank Nigeria acquired his 100% interest in Ecobank and established an expanded Ecobank Nigeria Plc.

1.3 Problem Description

The problem statement forms the foundation upon which a rough research plan is based, Baridam (1993:
twenty two). It is very persuasive to say that a healthy banking system is a healthy economy. As already mentioned, bank failures have been on the rise over the last few decades. However, trends not unique to Nigerians may hamper the economy and affect the public. The issues for which banks are responsible are considered as follows:

1. scam

2. Unqualified Executive Positions

3. Excessive customer overdraft facilities

4. Lack of employee motivation (incentives).

Five. Excess liquidity i. H. Total failure

Blackouts are impacting the economy as a whole, but these are:

Me. Sale:
After a bank failure comes instability that throws investors off balance. For this reason, investors either withdraw or refrain from investing.

ii. Site Deposit:
Commercial banks generate or create their own interest or profits by collecting this from customers in this arrangement to pay interest to individuals and lending to borrowers. . .

1.4 Purpose of the survey

The main aim or purpose of this study is to

1. Investigation of the cause of the bank failure

2. Know the impact of bank failures on businesses and the (investor) economy

3. Investigate and reveal various bank failures

4. Providing solutions and recommendations on possible ways to solve the problem of bank failures in all sectors of the Nigerian economy;

1.5 Research question

It is clear that banks cannot fail without sighing. This means that there are some other factors that must have contributed to the failure of such an organization.
they are

Me. What caused the bank failures in Nigeria?

ii. Are Bank Collapses Affecting the Nigerian Economy?

iii. What remedial actions can be taken to address the impact of bank failures on the Nigerian economy?

IV. What impact could a bank failure have on other sectors of the economy? v. What are the reactions of individuals and stakeholders/investors to the bank failures in Nigeria?

vi. How did banknotes influence the banking habits of the Nigerian people?

1.6 Description of research hypothesis

A hypothesis is a proposition formulated in a testable form that predicts a particular relationship between two or more variables. hypothesis

Bank fraud has nothing to do with economic development

Hello, there is a strong link between bank fraud and economic development

There is no close relationship between poor financial management of banks and difficulties in the banking sector.

Bad Banking Leads to Fraud and Pain in the Banking Sector


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