CONSOLIDATION AN ACQUISITION: A FINANCIAL OPTION TO THE PRODUCTIVITY OF BANK IN NIGERIA ECONOMY. A CASE STUDY OF THREE SELECTED BANKS IN OWERRI IMO STATE

ABSTRACT

Through financial intermediation, banks can facilitate capital formation and promote economic growth by operating in a save and sound manner. This means that bans are expected to ensure precedent management of assets and guarantee the safely of customer deposits/funds.For the conduction of this research, the researcher reviewed other related literatures necessary to prove data for the study from the related literature it was observed that consolidation and acquisition are used to maintain adequate and appropriate internal controls measure to prevent incidence of fraud, forgeries and other financial/ malpractice to ensure stability and engender public confidence in the financial system.

In this study, the researcher made use of questionnaire and data collected for the study were analyzed in tables using simple percentage method and hypothesis were tested by the use of Chi-square.

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                            TABLE OF CONTENTS

TITLE PAGE—————————————————I

APPROVAL PAGE——————————————–II

DEDICATION ———————————————–III

AKNOWLEDGEMENT.—————————————-IV

ABSTRACT—————————————————–V

TABLE OF CONTENT——————————————VI

2 CHAPTER ONE

1.0 INTRODUCTION——————————————1

1.1 BACKGROUND OF THE STUDY—————————-2

1.2 STATEMENT OF THE PROBLEM—————————-3

1.3 OBJECTIVES OF THE STUDY——————————3

1.4 RESEARCH QUESTION————————————-4

1.5 SIGNIFICANCE OF THE STUDY—————————4-5

1.6 SCOPE OF THE STUDY————————————-5-6

1.7 DEFINITION OF TERMS————————————-6

CHAPTER TWO

2.0 LITERATURE REVIEW—————————————-7

2.1 INTRODUCTION ——————————————-7-17

CHAPTER THREE

3.0 RESEARCH DESIGN AND METHODOLOGY——————-18

3.1 INTRODUCTION———————————————–18

3.2 RESEARCH DESIGN—————————————19-20

3.3 SOURCES/METHOD OF DATA COLLECTION—————–20

3.4 POPULATION AND SAMPLE SIZE—————————-21

3.5 SAMPLING TECHNIQUES————————————-21

3.6 VALIDITY AND RELIABILITY OF MEASURING INSTRUMENT————————————————————————21

3.7 METHOD OF DATA ANALYSIS—————————-22-23

CHAPTER FOUR

4.0 PRESENTATIONAND ANALYSIS OF DATA——————-24

4.1 INTRODUCTION ——————————————–24

4.2 PRESENTATION OF DATA——————————-24-26

4.3 ANALYSIS OF DATA———————————–25-35

4.4 INTERPRETATION OF RESULT ——————————-35

OUESTIONNAIRE———————————————-36-38

CHAPTER FIVE

5.0SUMMARY, CONCLUSION, RECOMMENDATION———— 39

5.2 SUMMARY OF THE FINDING  —————————-39-40

5.3  CONCLUSION————————————————41

5.4 RECOMMENDATION—————————————41-52

REFERENCE——————————————————-43

APPENDIX——————————————————–

CHAPTER ONE

1. INTRODUCTION

(According to Muru) In all human activities there are usually success and failure. Businesses, including banks are therefore no exception. In the period of loan as were experienced in the mid seventies thrived in an era of abundance and squander mamia. In such an era savings and investment are at their level-conditions favorable for banks to flourish and grow.

During this period also, banks do not think of means of survival and sustenance. They were all interested in building state of the art corporate entities to enhance their image and giving out loans indiscriminating without adequate realizable securities. On the other hand, when the lay daTa are over and down turns take over, the orders of the day as a result of macro-economic condition.

The situation as at now attained a dimension that can best be described as “cries level in the banking sector which became characterized by default in loan payment, dis saving and massive fraud at management level.

1. BACKGROUND OF THE STUDY

(According to Abraham)  He says in all human activities, there is usually success and failure business including banks is therefore no exception. In period of loan as were experienced in the mid seventies thrived in an abundance and squander mania. In such an era savings and investments are at their peak level conditions favorable for bank to flourish and grow.

During this period also, banks do not think means survive and substance. They were all interested in building state of the art corporate edifies to enhance their image and giving out loans indiscriminately without adequate realizable securities.

On the other hand, when the lay days are over and down turns take over the orders the days arrive and banks failure become the order of the day as a result of adverse macro- economic conditions. The situation as at now attained a dimension that can best be described as “cries” level in the banking sector which became characterized by default in loan repayment,, dis-saving and massive fraud of management level.