According to Oxford Dictionary bank inspection Bank inspection –
it is an official visit of bank to check that rules and being obeyed and that
standard are acceptable.
In the course of the
research work the author made a deeply findings which made the research work to
contain five chapter.
In chapter one the
author started with the background of the study, research question,
significance of the study and definition of terms.
In chapter two, the
author focus on the literature review, which is divided into theatrical and
In chapter three the
author went further on the hypothesis, methodology of the study, source
of data and limitation of the study.
In chapter four, the
data presentation and analysis.
Finally in chapter five, summaries, recommendation and conclusion
LIST OF TABLE
4.1To what extent are the workers being assured of
4.2To what extent are human and non human resources
adequate for efficient inspection
4.3To what extent has the bank provision against
computer fraud is being checked
4.4To what extent will the bank solve the problem
of rationalization and retrenchment.
TABLE OF CONTENTS
1.1Background of the study
1.2Statement of the problem
1.3The objectives or purpose of the study
1.4Scope or delimitation of the study
1.6Significance / rationale of the study
2.0 Review of literature
Summary of related
3.2Area of study
3.3Population of the study
3.4Sample and sampling procedure
3.5Instrument for data collection
3.6Validation of the research instrument
3.7Reliability of the research instrument
3.8Method of administration of the research
3.9Method of data analysis
4.0 Data presentation and results
5.0 Discussion, implication, recommendations
5.1Discussion of results
5.3Implication of the result
5.5Suggestions for further research
5.6Limitation of the study
TO THE STUDY
The banking act of 1969 defined banking business as the business
of receiving monies from outside resources as deposits, irrespective of the
payment of interest and the granting of money loans and cheques, or the
purchase and sales of securities for accounts of others or the incurring of the
obligation to acquire claims in respect of loans prior to their maturity or the
assumption of guarantees and other warranties for others.
In Nigeria, the banking business is being operated by the central
bank of Nigeria (CBN) which acts as the apex bank commercial banks, merchant
banks and of course the people’s and community bank established by various
decrees promulgated by the federal military government.
Commercial banking actuates started in Nigeria in 1892 when the
African Banking Corporation commenced its bank work in Lagos.
One of the basic roles of the central bank of Nigeria is the
supervision and control of other banks.
One of the basic roles of the Central Bank of Nigeria is the
supervision and control of other banks. In (1982) Hart brought his own
view of definition of ank as a person or company carrying on the business of
receiving monies and collecting draft for customers subject to the obligation
of honouring cheques drawn upon them from time to time by customers to the
extend of the amounts available on their current account.
The government through its agency the Central Bank of Nigeria
regulates banks. This is to ensure that they render services to their
customers in a manner consistent with safe banking operations and government
Due to the need to effectively and efficiently mange depositors
funds the task of managing a bank is entrusted with honors, reputable, and
hard-working personnel amongst various function of bank management from among
alternatives of a course of action.
It is at the core of planning, a plan cannot be said to exist
unless a decision has been reached (Kasnts 1984).
The bank personnel management established internal control
procedure for the effective discharge of the major functions in order to obtain
their corporate objectives. In doings this, special attention must be given to
communication problem. The structure of the bank organization should have
a one and the staff structure so that there will be flow of information form
the top management and vice versa and also the low level will give advice to
the top level who might accept it or not. This will make people below the
top management level to be among of the bank policy and their own
responsibilities towards the bank.
With a free flow of information there will be a real basis for
effective decision-making. There is a need to establish a follow up
mechanism so that the performance will be maintained to know whether action is
going according to plan and policies. If it is not then correction can be made
before it is too late. It is in the light of the above factors that the
management function of controlling becomes very desirable.
In order words, to ensure that efficiency proper management are
maintained the bank management has established the internal control unit or the
inspection division. The inspection itself is an important organ for
internal control system. But our teaching problem is hat despite the
establishment of this division there seem to be lapses here and there..
Based on the factors, the research was motivated to examine the
extent to which inspectorate unit of banks are contribution to the efficient
management of the banks resources with particular reference to United Bank for
Africa PLC, Agbani Road, Enugu.
1.2 STATEMENT OF PROBLEM
Despite the creation of inspectorate unit in the bank for internal
control, it is not clear on the adequacy of human and non-human resources for
efficient operations of banking industry.
This is because mangers still grant credits (loans) beyond their
power limit without collateral security.
Secondly, cases of bad debts result form loan given to customers
that has not been recovered. Hence the CBN (1990) Prudential guideline
has not been obeyed and the effect is reported or minimal profit.
Thirdly, there has been cases of computer fraud deflation and
outright removal of physical cash by employees ad out sectors. This has
created imbalance looks and records with obvious effect of huge loses.
Another problem is he extent of frequent rationalization and entrenchment
in the banking industry. This creates job insecurity and workers may tend
to indulge in any act for survival in case of eventualities. All these
motivated the research to study the effect of inspection as an aid to effective
1.3 OBJECTIVES OF THE STUDY
The purpose of this
study include the followings
a.To ascertain the extent to which banking
inspection has helped in creating job security to its bank employees.
b.To examination the number of bad debts resulting
from loans given to customers that have not been recovered and provision made
c.To find out the extent to which banking
inspection had made provision for job security in the bank with a view to
d.To find out extent of computer fraud and
associated of evils in UBA Agbani Road, Enugu, with a view of solving them.
e.To examine the inspection and examination
techniques in the banks.
1.4 RESEARCH QUESTION
a. Does the bank inspection as well s its examination helps in the
prevention and detection of fraud.
b. Do bank inspection and examination assist in
ensuring effectiveness in bank management.
c. Do the bank management comply with CBN and
government regulations in granting of loans.
d. To what extent have bank inspection and
examination help in protection the interest of depositors and
creditors of the bank.
1.5 RESEARCH HYPOTHESIS
These are the research hypothesis for the study;
H0: There are no possible inspection and examination
in the bank.
Hi: There are possible inspection and examination
in the bank.
H0: Bank inspection and inspection cannot be
Bank inspection and inspection can be eradicated.
H0: The problem of banking inspection and examination
can be solved by Nigeria banks.
The problem of banking inspection and examination cannot be solved by Nigeria
H0: There is no impact of efficient in bank inspection
There is impact of efficient in bank inspection and examination
H0: Bank inspection and examination assist in ensuring
effective in Bank management.
Bank inspection and examination does not assist in ensuring effective in Bank
1.6 SIGNIFICANCE OF THE STUDY
The significance of banking inspection and examination cannot be
This is because inspection and examination is the only weapon
banks can use to rectify and solve the problem of bad debt so as, to the avoid
liquidation and thereby affecting the growth and development of the country.
The people that will benefit from this study are banks as it will
help workers to observe policies and procedures of the banking ethics to
strengthen the job security of staff for efficiency growth and development
The result of this study or work may help to create the awareness
required for the effective and efficient and iting of the banks on a regular
basis. Business organizations and companies will also benefit from this
Moreover, an application o the suggestion made will earn the bank
more customers co-operation among staff, trust and confidence on the fellow
workers and active the set objective of the banking industry.
DEFINIITON OF TERMS
Is an on-site investigation of the banks financial conditions, management and
policies by representatives (bank examines) of the regulatory agencies.
are income generated by borrowing from private individuals, banks or from
foreign countries to finance a project.
3.Supervisor: A person who
comes in a professional contract with the principal staff such that the contact
influences the quality of performance and change.
GUARANTEES: This is a written promise made
by one person called the guarantor or surely to be collaterally answerable for
the debt, default or miscarriage of another person called the principal debtor.
This is defined as a draft by one party and acknowledged by a second party.
The drawer who is also the accepter stamps or writes the word “accepted” on the
face of the instrument and the place and the date of payment.
TERMS AND CONDITIONS APPLY
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