Since 2014
Corporate Governance and Bank Failure in Nigeria: Issues, Challenges and Opportunities
Research Journal of Finance and Accounting
View Archive Info| Field | Value | |
| Title |
Corporate Governance and Bank Failure in Nigeria: Issues, Challenges and Opportunities
|
|
| Creator |
Nworji, Ifeanyi.Desmond
Adebayo, Olagunju David, Adeyanju Olanrewaju. |
|
| Description |
The paper is set out to investigate issues, challenges and opportunities associated with corporate governance and Bank failure in Nigeria and to see if a significant relationship exists between corporate governance and Banks failure. Relevant data were collected from the staff of eleven randomly selected commercial banks based in Lagos, using a well structured questionnaire. The statistical technique for data analysis and test of hypothetical proposition is Pearson product coefficient of correlation(r.) The result of the findings revealed that the new code of corporate governance for Banks is adequate to curtail Bank distress and that improper risk management, corruption of Bank officials and over expansion of Banks are the key issues why Banks fail. The study concluded that Corporate Governance is necessary to the proper functioning of banks and that Corporate Governance can only prevent bank distress only if it is well implemented. Finally the study recommends: that corporate governance should be used as a tool to help stem the tide of distress, as it entails conformity with prudential guidelines of the government; the Central Bank and NDIC should enforce the need for all banks to have approved policies in all their operation areas and strong inspection division to enforce these policies; that government owes the country a patriotic duty to establish and sustain macroeconomic stability in order for the banking system to perform at its optimum capacity , economic and political stability can help prevent bank distress and more importantly, is the need for qualified staff in the banking system as this will enable the utilization of expertise, skill and care in the performance of duties by staff, this will lead to better performance.
|
|
| Publisher |
The International Institute for Science, Technology and Education (IISTE)
|
|
| Date |
2011-08-22
|
|
| Type |
info:eu-repo/semantics/article
Peer-reviewed Article info:eu-repo/semantics/publishedVersion |
|
| Format |
application/pdf
|
|
| Identifier |
https://iiste.org/Journals/index.php/RJFA/article/view/183
|
|
| Source |
Research Journal of Finance and Accounting; Vol 2, No 2 (2011); 25-42
|
|
| Language |
eng
|
|
| Relation |
https://iiste.org/Journals/index.php/RJFA/article/view/183/67
|
|
| Rights |
Submission of an article implies that the work described has not been published previously (except in the form of an abstract or as part of a published lecture or academic thesis), that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, in English or in any other language, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Copyrights for articles published are retained by the authors, with first publication rights granted to the journal. The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author.
|
|