THE ROLE OF NIGERIA DEPOSIT INSURANCE CORPORATION IN REVAMPING DISTRESSED BANKS IN NIGERIA

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INTRODUCTION

As part of the reform measures taken to strengthen the supervisory framework for the banking sector, the Nigeria deposit Insurance corporation (NDIC) was established by decree N.22 of 1988. This reinforcement became imperative given the up surge in the member of licensed bank following the adoption in addition to this, there was also the long term need to create and sustain an enabling environment that will engender sate and sound banking practices by protecting the banking system against destruction runs, protecting bank deposit (especially those of small savers) and ensuring fair play amongst the competing banks. These cardinal consider actions were rein formed by the lesson of history of bank features in Nigeria, the experience of other countries where deposit insurance scheme are being operated and there alive of the prevailing distressed financial condition of the bank in particular and other financial intermediaries in the financial sector in general.

TABLE OF CONTENTS

TITLE PAGEII

APPROVAL PAGEIII

DEDICATIONIV

ACKNOWLEDGEMENTV

TABLE OF CONTENTSVI

CHAPTER ONE:

1.0INTRODUCTION1

1.1BACKGROUND OF THE STUDY1

1.2STATEMENT OF THE STUDY5

1.3PURPOSE/OBJECTIVE OF THE STUDY6

1.4SIGNIFICANCE OF THE STUDY11

1.5LIMITATION OF THE STUDY12

CHAPTER TWO

2.0REVIEW OF RELATED LITERATURE17

2.1GENESIS OF NDIC IN NIGERIA17

2.2SCOPE OF NDIC18

2.3FUNCTIONS OF NDIC

2.4OPERATIONAL PROBLEMS OF NDIC

CHAPTER THREE

3.0RESEARCH DESIGN AND METHODOLOGY26

3.1SOURCES OF DATA (SECONDARY SOURCES ONLY)26

3.2LOCATION OF DATA27

3.3METHOD OF DATA COLLECTION27

(LITERATURE WORK ONLY)

CHAPTER FOUR

4.0FINDINGS28

CHAPTER FIVE

5.0RECOMMENDATIONS AND CONCLUSION

5.1RECOMMENDATIONS29

5.2CONCLUSION31

BIBLIOGRAPHY33

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THE ROLE OF NIGERIA DEPOSIT INSURANCE CORPORATION IN REVAMPING DISTRESSED BANKS IN NIGERIA

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