INTRODUCTION

1.1       Background of the Study

1.2       Statement of Research Problem

1.3       Objectives of the Study

1.4       Research Questions

1.5       Research Hypothesis

1.6       Scope of the Study

1.7       Significance of the Study

1.8       Research Methodology

1.9       Definition of Terms

Chapter TWO

2.1       Introduction

2.2       Brief History of Banks in the ‘80s and ‘90s

2.3       Major Players in the Banking Financial Sector

2.3.1   Banks

2.3.2   Central Bank of Nigeria

2.3.3   Other Regulatory Bodies

2.3.4   Investors

2.3.5   General Public

2.4       Banking Today (Pre-consolidation Era)

2.5       Banking Crises in Nigeria

2.6       Concept of Bank Distress

2.7       Overview of Bank Distress

2.7.1   Symptoms of Bank Distress

2.7.2   Causes of Bank Distress

2.8       Effect of Bank Distress in Nigeria

2.9       Effect of Bank Distress on the Nigerian Banking Habit

2.10     Bank Audit

2.11     Bank Regulatory Agencies

2.11.1 Central Bank of Nigeria (CBN)

2.11.2. Nigerian Deposit Insurance Corporation (NDIC)

2.11.3 Securities and Exchange Commission (SEC)

2.11.4 Economic and Financial Crimes Commission (EFCC)

2.11.5 National Drug and Law Enforcement Agency (NDLEA)

2.11.6 Debt Management Office (DMO)

2.12     Banking Today (Post-consolidation Era)

2.13     Central Bank of Nigeria (CBN) Prudential Guidelines

2.13.1 Regulatory Issues

2.13.2 International Financial Reporting Standard (IFRS)

2.13.3 Asset Management Company of Nigeria (AMCON)

Chapter THREE

3.1       Introduction

3.2       Research Hypothesis

3.3       Research Design

3.4       Population

3.5       Sample Size and Sampling Technique

3.6       Data Collection Method

3.6.1   Sources of Data

3.6.2   Instrument of Data Collection

3.6.3   Questionnaire Design and Assumptions

3.7       Method of Data Analysis

3.8       Validity and Reliability of Instrument

Chapter FOUR

4.1       Introduction

4.2       Presentation of Primary Data Collected

4.3       Analysis of Questionnaire Data

4.4       Hypothesis Testing

4.5       Reliability Statistics

4.4       Analysis of Secondary Data Collected

Chapter FIVE

5.1       Summary of Findings

5.1.1   Theoretical Findings

5.1.2   Empirical Findings

5.4       Recommendations

5.5       Conclusion

            Bibliography

            Appendix

LIST OF TABLES

Table 4.1: Sex                                                                                                                               50

Table 4.2: Marital status                                                                                                               50

Table4.3: Age                                                                                                                                 51

Table 4.4: Educational qualification                                                                                     51

Table 4.5: Occupation                                                                                                                   52

Table 4.6: Working Experience                                                                                                     52

Table 4.7: I am aware of the term bank distress?                                                                    53

Table 4.8: I have lost money to a bank or heard of someone who has?                                       53                                                                                                              

Table 4.9: I lost some of my confidence in banks thereafter?                                                       54

Table 4.10: My dealings and activities with banks were affected?                                               54                                                                                    

Table 4.11: I have a bank account?                                                                                       55

Table 4.12: My bank account is mainly for transactionary purpose?                                         55

Table 4.13: My bank account is mainly for safekeeping of my money?                                      56  

Table 4.14: I would rather invest my money than keep it in the bank?                                        56

Table 4.15: If I hear that my bank is distressed, I would attempt to withdraw all my money from the bank immediately?                                                                                                                   57

Table 4.16: Regular payment of claims to insured depositors in the event of bank liquidation would go a long way to restoring public confidence?                                                                   58                          

Table 4.17: Non-performing credit facilities contributed to the bank distress?                         58

Table 4.18: Overdue payment of principal and interest on term loans contributed to the bank distress?                                                                                                                                 59

Table 4.19: Bank distress can be caused by an ‘out of order’ account in respect to overdraft and cash credit?                                                                                                                     60

Table 4.20: Non-performing assets can affect the operation of the bank?                                 60

Table 4.21: Too many non-performing assets can stretch a firm’s reserves and deposits making it face the risk of distress?                                                                                                      61

Table 4.22: All credit facilities offered by the bank should be closely monitored from initiation to finalization to prevent them from becoming ‘non-performing’?                                                    61

Table 4.23: Political unrest and turbulence affects the banking industry?                                 62

Table 4.24: Various policies, sanctions and standards put in place by the Central Bank and the Nigerian Deposit and Insurance Corporation in recent times have helped curb certain risks of distress faced by banks?                                                                                                       62

Table 4.25: Testing of Hypothesis 1                                                                                       63

Table 4.26: Testing of Hypothesis 2                                                                                       64

Table 4.27: Testing of Hypothesis 3                                                                                       66

Table 4.28: CBN Annual Report (1)                                                                                              67

Table 4.29: CBN Annual Report (2)                                                                                             68

LIST OF FIGURES

FIG 4.1: Total Assets of Deposit Money Banks                                                                   68

FIG 4.2: Growth Rate of Total Assets of Deposit Money Banks                                         68

FIG 4.3: Total Deposit Liabilities of Deposit Money Banks                                               70

FIG 4.4: Growth Rate of Total Deposit Liabilities of Deposit Money Banks                     70