IMPROVING THE MANAGEMENT OF LEARNABLE FUNDS IN COMMERCIAL BANKS IN NIGERIA.
Code: C724712019
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134 Pages
Chapter 1-5
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This study centered on improving the management of loanable funds in commercial banks. The study was comparative in nature, using Trade Bank of Nigeria (TBN) and Inland Bank of Nigeria (IBN).
These two banks were chosen because of their accessibility, high rate of mobilization of deposits and loan defaulting.
The major instrument used for data collection included oral interviews, bank records of daily operations, annual report and statement of accounts. Four hypothesis were formulated in line with the statement of the problems. The data obtained was organized and analyzed with the use of chi square test for goodness of fit, coefficient of correlation, percentage of loan chart and component bar chart were also used respectively where necessary.
The study finally revealed if the incidence of loan default was continuously on the increase/decrease and if such increase/decrease was more in government owned banks or in privately owned banks. It also saw if such increase/decrease was higher/lower in relation to deposit mobilization.
In order to find solution to the problem, it was suggested that banks should adhere strictly to the principles of good lending, improve on security valuation, ensure that men of high integrity are employed at the credit department and emphasize on prudent supervision and control of loan accounts. Other suggestions were purely focused on advisory and credit worthiness for effectiveness and proper management.
ACKNOWLEDGEMENT
My greatest appreciation goes first to GOD ALMIGHTY for seeing me through and giving my family and I good health.
My appreciation also goes to my project supervisor, Mr. F.C. Okechukwu and my Head of Department (HOD), Mr. Wilson U. Ani for all their encouragement during this strenuous moment of my life. I will not fail to thank the other lecturers in the department especially Sir Dave Osuagwu, my academic adviser and indeed the polytechnics who have collectively made me what I am today.
I am also grateful to the authorities of Trade Bank of Nigeria limited especially Mr. Frank Edet (The Branch Manager) and his wonderful secretary. Mr. Steve Okonkwo, Alhaji Mageri Misan and Alhaji Ibrahim Garba of the IBN, Head office Bauchi, who did not hesistate to give me all the material and information used in this work and as well, all the necessary assistance I needed.
My heartful appreciation also goes to Mr. Musa Shaibu of Universal Trust bank PLC (UTB), whom at different intervals contributed immensely to this work both morally and otherwise and my dearest uncle Akunne Anionwu of Central Bank of Nigeria Ibadan who linked me up with the CBN at Enugu.
My special thanks also goes to my pastors, Tom Obiazi and his darling wife Sarah Obiazi and the entire members of Christ Embassy (BLW) Onitsha especially Sis. Peace, Bro. Onyeisi, Bro. Evarist Ikeomy every member of Excel and Diplomatic PCF and others, keep up the good fight.
My wonderful friends are not left out especially Ikechukwu Emodi who has been there to inspire and encourage me throughout this research work, Chinwe Okeke, Ifeoma Ogegbu and numerous others that both time and space cannot permit their individual mention here, but will receive God’s grace, which is ever present and sufficient for us according to their contributions in Jesus Name, Amen.
OFOKANSI STELLA, NKEMDILIM
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