The Role And Importance Of Central Bank Of Nigeria In The Prevention Of Bank

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The Role And Importance Of Central Bank Of Nigeria In The Prevention Of Bank

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PROJECT TOPIC AND MATERIAL ON THE ROLE AND IMPORTANCE OF CENTRAL BANK OF NIGERIA IN THE PREVENTION OF BANK

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  • Name: The Role And Importance Of Central Bank Of Nigeria In The Prevention Of Bank
  • Type: PDF and MS Word (DOC)
  • Size: [70 KB]
  • Length: [56] Pages

 

 

 

CHAPTER ONE

INTRODUCTION

1.1     BACKGROUND OF THE STUDY

The history of bank failure in Nigeria can be traced back to the early thirty’s when the industrial and Commercial Bank Limited which was established in 1929 and went into liquidation within a year it stored operation as a result of its generosity and liberty I extension of credit facilities especially to “managing directors” Ugwuanyi Willy (1977) pg. 33.

A series of failure followed after the first in degree bank failed in 1930.  These failure were attributed tot he poor banking habit of both customers and bank staff who operated in an environment that was not guided by any appropriate authority at the time. With the advent of the Central Bank of Nigeria (CBN) in 1958 and it commencement of duty in 1958, there has been the restoration of sanity.

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