CHAPTER ONE

STATEMENT OF THE PROBLEM

There had been a lot of bank failures in Nigeria and many Nigerian are suffering because of the bank failures and also many people have been victim of bank  failures in Niger because of these bank failures in Nigeria, the researcher wants to find out the effect of bank failures in Nigeria.

Also the researcher wants to find out whether the bank failures in Nigeria are affecting the further development of banks in Nigeria or not. Is it shall going to cause greater failures in the development of banks in Nigeria. Al this point will help the researcher to find out possible ways and it will also help the researcher to carry out his work successfully.

RATIONALE OF THE STUDY

There have been series of inefficiencies in our banks. But it thus appears that there have not been write-up sufficiently focused on the future development of banks hence, the reasons of this   study are:

*        To bring to light, the various effect of future development banks for the benefit of the various banks in Nigeria.

*        To examine the effect of bank failures on the future development of banks in Nigeria and in our economy.

*        Finally, to suggest possible ways of detecting and preventing these failures in banks.

SIGNIFICANCE OF THE STUDY

As it relate to banks, the prime motive of future development of banks in Nigeria, is to expose various areas of the banking operation where failures can be perpetrated, the causes of such futures and possible control indasures.

Therefore, with this, the research is significant in providing benefit for the bank workers. Customers and the general public by:

i.        Creating, expanding and stimulating investment share and securities for the future development of banks in Nigeria.

ii.       providing finance in the form of long or medium term loans or share participation.

iii.      Advise and assistance to indigenous enterprises such as technical, financial and managerial advise.