TABLE OF CONTENTS
Title page i
Certification ii
Dedication iii
Acknowledgement iv
Table of contents vi
CHAPTER ONE
INTRODUCTION
1.1 Back ground of the study 1
1.2 Statement of the problem 5
1.3 Research questions 6
1.4 Objectives of the study 7
1.5 Research hypothesis 8
1.6 Significance of the study 9
1.7 Scope and limitation of the study 9
1.8 Definition of key terms 11
1.9 Plan and organization of the study 12
CHAPTER TWO
LITERATURE REVIEW
2.1 The Operation of Nigeria Deposit Insurance 15
2.2 Historical background of the role of banks in
economics development 20
2.3 Financial distresses 24
2.4 Deposit insurances scheme in Nigeria 35
2.5 Resolution of bank distress in Nigeria 38
2.6 The Nigerian deposit insurance corporation {NDIC} 44
2.7 Role of the deposit insurance corporation in banking
distress in Nigeria 48
2.8 Other subcommittee of financial sector in Nigerian
banking system. 50
2.9 National insurance supervisory boards. 52
CHAPTER THREE
3.1 Research methodology 55
3.2 Type of data used in the study 55
3.3 Sampling method 56
3.4 Method of data collection 57
3.5 Method of data analysis 60
CHAPTER FOUR
PRESENTATION AND ANALYSIS OF DATA
4.1 Data analysis 61
4.2 The period before the operation of NDIC {1984-1988} 63
4.3 Analysis of regression technique 67
CHAPTER FIVE
5.1 SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.2 Summary 70
5.3 Conclusion 72
5.4 Recommendation 73
References
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The practice of modern banking in Nigeria date back to 1982, the pioneer banks were understandably expatriate institutions set up to facilitate the Colonial administration as well as trade with British.
In 1952, the first indigenous ordinance was made; this ushered in the era of formal banking practice in Nigeria, it established standard before license is granted to operate banks. This was applicable immediately on New Banks and a period of three years was given to all existing banks survived, they include; Agbomagbe bank, African continental Banks, national bank and mercantile bank. The ordinance was later replace with first indigenous banking act of 1959, and has undergone series of amendment in 1972, 1975, 1979 and was fully consolidated by 1990 company and allied matters decree and currently called bank and other financial institution decree of 1991 (BOFID).
