EFFECT OF THE DISTRESS OF BANKS ON THE NIGERIA ECONOMY (A CASE OF FIRST BANK NIGERIA PLC)
Abstract
The Cardinal objective of this study was to examine the “effects of the distress of banks on the Nigerian economy in the 90’s” the researcher was moved to work on this topic because, individual and organizations who patronize the potentially to be distress banks are facing a lots of hardship due to the inability of these banks to meet up the financial requirements, the board members of the some potentially to be distress banks are so passive that they do not participate actively in the articulation of strategic plans for the banks, the potentially distress are especially those own by families or few individuals that have their boards made of people appointed to represent interest rather than merit. This will have adverse effect on Nigeria economy, as experienced before. To give my recommendation directed the required information of the study, the researcher used observation method and questionnaire, for dats collection, the data so collected were arranged, tabulated, analyzed using chi – square statistical method.
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