CHAPTER ONE

INTRODUCTION

1.1     BACKGROUND OF THE STUDY

Themost important human activity is leadership questions and motivation, eversince people began forming groups to accomplish aims, they could not achievetheir aims as individuals. Leadership has been essential to ensure thecoordination of individual efforts. A society has come to rely increasingly ongroup efforts and as many organized group have become large, the task ofleaders has been rising in importance.

Leadershipwe know have no universal definition some leadership scholars have defined itaccording to their views.

Thereforeleadership could be seen as a social influencing process for the attainment ofgoals. A leader is the most influential person in an organization who providesdirection, guides group activities and ensures that group objectives areattained (Nwachukwu, 1999:146) furthermore he saw leadership as a process whereone person exerts social influence over the members of a group.

Motivationare those various reason why people work, may be to earn respect amongassociate to earn salary and wages to acquire prestige and honour. In all thesevariety of reasons, culture seems to be a determing factor what actual make thebetween healing and sick organization and the worker. According to Howell andDipboye (1982) they mostly depends on organization ability to discover sustainand meet the workers need.

Thereforemotivation can be seen as what ever thing that makers a person to bring out hisor her best.

Managementis the process of utilizing resources of a firm that accomplish designatedobjectives.

111.   PROFILEOF UNION BANK PLC, ABA

UnionBank of Nigeria Plc was established in 1917 as a colonial Bank with its fistbranch in Lagos. In 1925, Bardays Bank acquired the colonial Bank, whichresulted in the change of the Bank’s name to Bardays Bank (Dominion colonialand overseas). Following the enactment to be incorporated locally, BarclaysBank (D.C.O) in 1969 was incorporated as Barclays Bank of Nigeria Limited. Theownership structure of Bardays Bank emained un-changed until 1971 when 8.33% ofthe Banks shares were offered to Nigerians in the same year, the Bank waslisted on the Nigerian stock exchange. As a result of the Nigerian Enterprises PromotionAct of 1972, the federal government of Nigeria acquired 51.67% of the Bankshares, which left Bardays Bank Plc, London with only 40%. By the enactment ofthe 1972 and 1977 Nigeria Enterprises promotion Acts, Bardays BankInternational disposed its share holding to Nigeria in 1979. To reflect the newownership structure and in compliance the name Union Bank of Nigeria Plc.

UnionBank Group operates an interlocking organizational structure whereby some boardmembers of union Bank of Nigerian Plc act as external directors in subsidiariesand associated companies. This arrangement, ensures effective oversight and participationin the decision making process of these companies thereby safeguarding theBanks investments.