Brief Introduction

The development of banking in Nigeria can be traced to 1891, in that year, a company known as the African Banking Corporation opened a branch office in Lagos. Incidentally, it happened that the bank was a South African organization. By January 1892, ABC acquired a License to import and distribute coins from Britain to Nigeria.

In 1984, the ownership of the bank changed hands when a British out fit acquired it and its name was changed to British Bank for West Africa (BBWA). The BBWA has since changed name again to standard bank of (Nigeria) plc. A few other banks were opened after this.

The development of Banking in Nigeria can be conveniently categorized into eight (8) stages for the purpose of analysis. The stages are as follows:
Era of free Banking (1892-1952) – – – – – 1
Era of 1st Bank failure (1953-1959) – – – – – 2
Era of consolidation (first decade of independence 1960-1969).- 3
Era of indigenisation (Oil boom period (1970-1979). – – 4
Period of depression (first stage of expansion 1980-1985). – 5
Era of Universal Banking (2001-2004)- – – – – 6
The Banking Seltor Reforms (2004-2006) – – – – 7
Structural Adjustment programme (SAP) period (Era of deregulation- – 8
2nd stage of expansion 1986-1993) – – – – – 9
Era of regulation (period of 2nd Bank failure 1994-1995). – – 10
Era of guided de-regulation (1995-till date).

Table of Contents

Title page ii
Approval page iii
Dedication iv
Acknowledgment v
Table of Contents vi
Abstract vii

CHAPTER 1: INTRODUCTION
Background of the Study 1
Purpose of the Study 3
Significance of the Study 5
Scope of the Study 6
Research Question 7
Definition of Terms 8

CHAPTER 2: LITERATURE REVIEW
The Stake Holders in the Management of Banks 14
Assessments of the Roles of Distress and Management 18
Assessment of the Performance of External Auditors of Banks 27
Exogenous Causes of a Bank Failure 33
Determination of a Banking Distress 40
Failure Resolution Efforts Prior to Liquidation 47

CHAPTER 3: RESEARCH DESIGN AND METHODOLOGY
Researcher Method 50
Sources of Data 50
Location of Data 54
Sample Size 54
Method of Data Presentation and Analysis 55

CHAPTER 4; PRESENTATION AND DATA ANALYSIS
Presentation and Analysis 56
Test of Hypothesis 59

CHAPTER FIVE
Summary of Findings, Conclusion and Recommendation 67
Findings 67
Conclusions 69
Recommendation 72
Limitation of the Study 78
Appendix
Questionnaire
Bibliography