AN EXAMMINATION OF THE TECHINQUES OF MANAGING FINANCIAL DISTRESS IN THE NIGERIA BANKING INDUSTRY

ABSTRACT This paper investigates the effective techniques for managing financial distress in the Nigerian banking industry. Financial distress, often marked by insolvency, liquidity challenges, and high operational costs, has been a recurring problem among Nigerian banks. The study focuses on key strategies such as debt recovery, cost reduction, bank recapitalisation, acquisitions, and mergers. Through structured … Read more

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THE ROLE OF ICT IN FRAUD DETECTION AND PREVENTIONS IN THE NIGERIA BANKING INDUSTRY  (A STUDY OF SELECTED BANKS IN ANAMBRA)

Abstract: This study explores the critical role of Information and Communication Technology (ICT) in detecting and preventing fraud within the Nigerian banking sector, with a focus on selected banks in Anambra State. Employing inferential statistical analysis, the research provides a generalized conclusion on the impact of ICT on fraud management. The study utilized a questionnaire … Read more

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FRAUDULENT ACT IN THE BANKING INDUSTRY: CAUSES EFFECTS AND POSSIBLE REMEDIES

ABSTRACT: The analysis of secondary data revealed significant trends in bank fraud and forgery cases, including the involvement of staff and their impact on commercial and merchant banks. These findings underscore the persistent threat of fraudulent activities within the banking sector, even in highly regulated environments. To address these challenges, the study recommends rigorous employee … Read more

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ANALYSIS OF THE EFFECTIVENESS OF INFORMATION TECHNOLOGY ON BANKING SERVICES DELIVERY (A CASE STUDY OF UNION BANK ENUGU)

CHAPTER ONE The banking industry has made significant advancements in adopting information technology (IT) for managing information and enhancing customer service delivery. Although IT is a subset of information management, it serves as a vital tool for its implementation. According to Akuwudike and Ugwu (2002), information technology involves the collection, recording, storage, processing, and communication … Read more

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COMMERCIAL BANKS LENDING PRACTICES AND THE INCIDENCE OF BAD DEBT IN NIGERIA

This paper critically examines the lending practices of commercial banks in Nigeria and their relationship with the rising incidence of bad debts. Bad debt, non-performing or irrecoverable loans, poses a significant threat to the financial stability of banks, often leading to weakened earnings and, in severe cases, institutional collapse. Through an analysis of secondary data … Read more

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