Any institution without effective inspectorate and
examination department is bound to operate below expectations
However this research work in a study of bank inspection in Examine as an
effective tool in bank management
The researcher intends to explove the background
study of this of project topic by examining the statement of
problem from where she will raise the objectives and research questions.
The research also examined a galaxy of existing literature on this topic
the research as well used
Secondary data to reinforce its funding.
The funding and recommendations on this work were
drain based on the analysis of the secondary data collated.
TABLE OF CONTENT
Back ground of the study
Statement of H1 problem
Purpose & objective of the study limitation of the study
Review of related literature
3.1 Sources of data secondary source only
location of Data method of data collection (literature work )
Recommendation and conclusion
The role of banking sector in a develop economy such as ours can
not be over emphasized. Banking sector forms the life wire of
economic growth of any nation. According
to recent publication by an international magazine banking sector contributed
about 55% of the total economic development of Nigeria. Also the
development of small and medium scale enterprise cannot be ruled out in this
huge success curtained by the banking indicatory.
BACKGROUND OF THE STUDY
The banking sector in Enugu metropolis comprises the central
commercial merchant and development banks etc. also inclusive
are the community banks which were introduced the feel govt
budget of 1990. The origin of banking sector dated back
to the early 18th century even
through its definition was given in the later part of the 60s and
thus definition has to do with the business of receiving movies
from outside sources as deposit with the agreed interstate granting of
deposit with the agreed interstate granting of loans and acceptance of
credits or the purchase of loans and checks or the purchase and sales of
securities for accounts of others or the
uncurling of the obligations to acquire claims in respect of
loans prior to their maturity or the assumption of guarantor and other
warrantees for others or the effecting of transfers and
clearing and such other transaction as the commission may on
recommendation of the central bank by order published the federal gazelle
designated as banking business. The central bank of
Nigeria which is government charged with the responsibility
of closely monitoring and regulation of the activities of other banks to
ensure that they render service to their customer in a manners
that is consistent with government stipulated rules and
The ensure that these laid down rules and standard are maintained
among other bank and to guarantee that depositors
monies are effectively managed there is the need for inspection and
examination for effective discharge of these functions the inspectorate
division of the central bank has adopted an effective internal control
procedures in order to give adequate coverage thorough inspection and examination
this defined objective this is enhanced by selecting adequate man-power needs
for this purpose. In the recent time the comparization and
digitalization of various function of banks has helped in a no
small measure to curb down the excesses of bank. Also bank have
established internal audit unit (inspectorate divisions ) charged
with the responsibility of overacting any anomaly transaction based on
through inspection and examination of its account on short term basis.
STATEMENT OF PROBLEMS
In Enugu metropolis which is my case study some problems have been identified
to have invaded the banking sector and these problem have limited the output of banks
thus preventing them from reeling its desired objective..
a. The incident of fraud is prevalent in almost all
the bank in Enugu metropolis as well as other state. These
metpracties are now detectable through adequate supervision and examination.
b. The cases of bad and doubt full debt are
now very rampant among many commercial banks. This problem is
not easily nautical by bank of finical but through effective
suppression and examination such evil in the banking sector can be
detected easily and arrested.
c. There is very reoccurring problems
of bank managers granting loans above their discretion’s and power
without adequate collateral’s and this has resulted in huge
losses to banks and some are the courage of liquidation. But
adequate inspection and examination has provided in elating solution to this
d. The fear of liquidation and frequent
rationalization and or retrenchment in banking sector has created
fear anxiety and job insecurity workers in the banking sector tend to indulge in
many despicable acts to survive these rang days. But
through inspection and through examination the problem can be take of
some banks within Enugu metropolis had save several embossing situation
emanating from franduienl practice.
The purpose and objective for which thus study was designed to
achieve are here under stated as follows.
a. To identify how inspection and examination can
be of assistance towards effectuation management of banking sector within Enugu
b. To determine the magnitude of bad
debts resulting from loans issued to customers which have not been recovered
and also whether adequate provisions for bad debt are made for such bad debts
c. To inform bank management though
inspection and examination ill efficacy of their banking system and
operations and recommend possible areas of change.
d. To cheek and examine how bank management
grant loans over their power limit or discretion.
Limit as approved by the management.
DEFINITION OF TERMS
1. Loan: this is a sum of money tent
to the government domestic and foreign lending or being lent.
2. Budget estimate of problem future income and
expenditure that made by a government similar estimate made by a
3. Gazette: official periodicals with
legal notices news of appointment promotions of officers and
4. Cheques: is an order in writings drawn on a
bank and payable on demand.
5. Examination: it examining or being
examined it was found that the signature was not genuine the prisoner is
still under being examined.
TERMS AND CONDITIONS APPLY
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