CHAPTER ONE

INTRODUCTION

1.1            BACKGROUND OF STUDY

The master key to the success of any cooperation or institution (financial and non financial) is the effective management system. This could be achieved through hard work. This could be achieve through hardworking of the directors managing directors, management staff and all other workers in the organization. The major role lies on the head of the board of directors (BOD) and the managing director.

          Management simply means the organizing planning, implementing, controlling and directing of resources in an organization. This study is based on financial institution. This study is based on financial institution like banks, and there are two types of resources that can be found in a bank. They are human and material resources.

          Material resource include and other inanimate objects found in banks. Management is a personal thing that requires a personal touch. In these recent years, banking services and its management are becoming more complex, difficult and demanding.

          This is why all management staff should be more serious, honest, careful and committed to their jobs. These are lacking mismanagement involves the whole stem of the organization. Mismanagement in banks is so rampant in Nigeria, and have destroyed and led many banks to an unexpected liquidation mismanagement in banks affect human and material resources.