Project Abstract

In this research study titled an evaluation of the role of NDIC to bank depositors and their services adequacy. The objective of the study was to know if the purpose of introduction of NDIC in the Nigeria financial institution has actually actualized its aim sine 1989 till dateThe researcher used oral interview and questionnaire to obtain all the necessary information including secondary data.It was discovered that within the period the number of bank distress reduced and people are now having confidence in the Nigerian commercial banksIt was also discovered that it does not allow commercial banks to relax they check their activities from time to timeIt is also being understand that banks are business which is intermediations conpced with the activities of the Apex bank as a regulatory body

Project Overview

INTRODUCTION1.1 Background of The Study.The introduction of banking system emerged in 1891 but actuallyStarted in 1892. The ACB bank, but when the bank was managed by colonial masters there was a lot of disparity in employment given out loans to Nigeria indigenes and also having their head office in London. The Nigeria citizen objected to that and formed their own bank which was ruined by poor management, fraud, inadequate capital and other problems.Bank distress has always being the case, in 1950’s we have 25 banks got distressed. In 1980’s the IBB Babangida Administration introduced SAP to reduce the over dependence on oil sector to Agricultural sector and bank deregulation. Many banks also got distressed, because of these, in march 1988, the Nigeria government thought of establishing Deposit insurance scheme as obtainable in other countries of the world like in America it was introduced in 1933 to regulate and monitor banks failure and distress because of this, the Nigeria deposit insurance scheme was into operation in June 1989 to regulate and monitor the activities of the commercial banks and also to protect bank depositors and also to restore confidence in the banking industry. Since then, the issue of bank distress has reduced the case in front is to know the roles activities of the Nigeria deposit insurance and to know if the services are adequacy both to the bank depositors and the Nigeria economy. 1.2 Statement Of The Problem.The problem under the study is to reveal the activities of theNigeria despot insurance since it was established in 1988 and know the situation before their establishment.In a nutshell the statement of the study are:1. The purpose of the establishment of Nigeria deposit insurance.2. If their services are adequate.3. If not adequate what are the areas for improvement.1.3 Objective Of The Study.In this study, the objective can be summarized thus.a. Why was NDIC establishedb. What are the roles they playc. Who are they protectingd. Does it has any change whether positively or Negativelye. Are their services adequate what are the area of improvement1.4 Significant Of The Study.In this study a lot of importance will be derived such as1. The bank depositors will know what created bank distress or stress.2. It will bring bank depositors confidence3. It will reduce or stop bank run4. It will bring overall development in Nigerian economy5. The foreign investors will invest in Nigerian6. It also be partial fulfillment for the award of National Diploma to the student who is researching7. It will be a reference point to other further researchers1.5 Scope And Limitation Of The Study.The scope of the study is limited to Nigerian Deposit insurance office at independence layout Enugu, which services as their regional officeThe limitations of the study are1 TIME: the researcher is a final year student coupled with finding area of industrial attachment and academic work involvement2. MONEY: money is scare of everybody let alone a student who is not working so they all contributed to the impediment but something was achieved at the end, hence this project that is above to be completed.1.6 Definitions Of Terms.1. NDIC: Nigeria Deposit insurance scheme2. - Services adequacy: they regulates Banking and insurance industries.3. - Distress: Suffering and problem caused by not having enough money4. - Failure: lack of success or not successful in doing something5. - SAP: structural Adjustment programmed6. - Regulation: it will bring about a depositors confidence7. - Legislation: the process of making and passing Law.