ABSTRACT
There has been series of bank failures which was seen traced to poor and improper management of banking activities.
Government interference through CBN instrument of monetary polices has gone a long way in bringing some problem under control in financial institution. Therefore a literature review was made bearing in mind on this regulations and polices. To achieve this, questionnaires and interviews method were intensively employee in this study. They were supported by personnel observation during collection of data. The collect data was presented in table which proof that government interference has contributed major role in sanitizing government system in Nigeria.
Furthermore, the study would clearly add to the existing knowledge on government interference in management of financial institution.
This study strongly advocate for government to have a hand in selecting and recruiting top management staff of the financial institution to reduce fraudulent act. Central bank of Nigeria should not be so rigid, they should strike a medium between financial liberation and occasional intervention aim at correcting financial failures.
CHAPTER ONE
INTRODUCTION
Management has been defines the process of combining and utilizing organization resources of man material to accomplish organization objective. It is the process of doing through end with people what then do we actually mean by interference? Interference according to websters dictionary is to take an active but unwelcome part in some else activity.
In this study, is has been revealed that this interference on financial institution by government as a whole is noble in the right direction. The Nigeria financial system is very vibrant and highly competitive. They have four basic product line in the banking industry such as deposit base product, lending-based product fee vase products and technology based product. This was instituted by the observation during the research that financial institution benefited immensely by the government on the financial institution
It is a well know fact that number of services financial institution offers have increased but risk taking which is fundamental nature of their business remains unchanged. This has led to the conclusion that management is financial institution is surrounded with risk management which involves mismatches of asserts and liabilities on other side and it is cost borrowing and lending on the other side.
The economy end to nurture it along the path of development. The role of financial institution mostly bank has been constrained by a number of fact in too past. Price to now, the industrial sector has been characterized by massive direct government involvement, because of weak technological base, lack of linkages in infrastructure and policy investment, highly production cost and goods that were uncompetitive internationally. Overall, the micro Economic environment was highly unstable, witness capital flight, high interests or inflation rates, negative real growth rate and fiscal excesses with an external debt burden of about 27.4 billion as the end of 1997, the repayment burden put a constrain on growth.
Since 1995, however, the federal government has been able to store some measure of fiscal discipline through low budge deficits, which achieved stable interest and exchange rates regimes, while pushing down inflation to a simple digit of 8.5 percent in 1998.
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