This term paper talks about the role of Nigeria deposit insurance corporation
play in revaring mother to unfold this. This time paper is divided into 5
segments or 5 chapters.
Chapter one talks about the introduction and the background of the
study that is chapter one given preview on the history of Nigeria deposit
insurance. Chapter two talks about review of related literature that is
what other people had written in relation to the topic.
Chapter three talks about the research methodology that is how the
data related to the topic was collected.
Chapter four talks about the summary of finding and lastly chapter
five talks about the recommendation and conclusion.
1.2 Background of the study
1.3 Statement of the problem
1.4 Objective of the study
1.5 Significance of the study
1.6 Limitation of the study
2.1 Review of related literature
2.2 The objective of NDIC in revamping distressed
banks in Nigeria
2.3 Moral suasion
2.4 Imposition of Nigerians deposit insurance
2.5 History of Nigeria deposit insurance corporation
3.1 Research design and methodology
3.2 Source of data
3.3 Secondary source
3.4 Location of data
3.5 Method of data collection
1.1 BACKGROUND OF THE STUDY
As part of the reform measures taken to strengthen the supervisory sector the
Nigeria deposit insurance corporation (NDIC) was established by degree No. 22
of 1985 the reinforcement because imperative given the up urge in the member of
licensed banks following the adoption of the policy of economic deregulation
but in addition to this there was also the long-term need to create and sustain
in enabling environment that will engender safe and should banking practice
against destructive runs, protecting bank deposit (especially those of small
savers) and ensuring fair play amongst the comparative banks, these cardinal
consider actions were re-informed by the lesson of history of banks features in
Nigeria the experience of others countries where deposit insurance schemes are
being operated and there alive of the prevailing distressed financial condition
of the banks in particular and other financial intermediaries in the
financial sector in general. A collaborated study of distress in the
Nigeria financial sector was conducted by the corporation and the Central Bank
of Nigeria (CBN) and its finding corroborated the earlier held view that
distress among the Nigeria banks was precipitated by or complex set of
interrelated problems that had for long afflicted the industry these include
poor management capital inadequacy, poor lending etc.
Ever since its establishment the Nigeria Deposit Insurance Corporation (NDIC)
has consistent with its mandate as provided in NDIC degree, continued to ensure
and sound banking system the sanitization of the banking sector has remained
the primary focus of the corporations activities through the adoption of
appropriate failure resolute options and effective implement action of various
laws promulgate by the government to stem the hide of distress in the system.
1.2 STATEMENT OF THE PROBLEM
Before the advent of Nigeria Deposit Insurance Corporation many banks in
Nigeria has undergo distress or had to beyond owing to regulations and fraud in
banking sector, they exist no organize body that is monitoring the activities
of the bank hence mismanagement and fraud because the order of the body people
without solid capital base come together and form bank and this leads to
distress or liquidation in the event of any slight or small shake in this
capital base the above and many more bring about the formation of deposit
1.3 OBJECTIVE OF THE STUDY
The following objectives of this study which the researcher have designed to
(i) To suggest possible ways of tracking.
(ii) To know how they have provided fund to the
(iii) To described the implication of the bank failure
to the economy.
(iv) To know if all the distress banks enjoys this
role provided by NDIC since incentive.
(v) To know how they have helped in effect of
distressed banks to the economy.
1.4 SIGNIFICANCE OF THE STUDY
The important of Nigeria deposit Insurance Corporation unrevealing
distress bank can be over empharise over distress. The important are
enumerated blow NDIC insures bank deposit there by helping to promote stability
safety confidence and sound banking system in Nigeria, protect corporation
these actions provide by diagnosis for updating the trend in distress as well
as indicating the next possible line of action in the sanitization drive.
The second set of actions conceptualized and expect corrective as well as
preventive of further delineation in the financial condition of the distress
banks in Nigeria.
TERMS AND CONDITIONS APPLY
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