THE SOURCE AND APPLICATION OF FUNDS TO A COMMERCIAL BANKING SECTION

This project work examine the sources and application of funs in a commercial banking sector with a particular reference to Access Bank Nigeria Plc. This is an attempt to explore and reveal the extent to which the bank is sourcing its funds and how it uses those funds so generated in achieving the bank’s goals and objectives with a particular reference to laid down accounting principles and Central Bank’s Prudential guidelines on commercial banks. Some of the highlights of this research work will include the historical background of the bank, statement of general problems, objective of the study, hypothesis, scope and limitation, will all be clearly stated. Also to be included is the review of related literature, text books, magazine, newspapers, journals and even the proper website on the internet will be browsed for easy reviews, analysis and down loading of current related information for the project work. The study will also include the various ways and method of data collection i.e. primary and secondary sources through interviews, observations and examination of existing banks records. The major difficulties to be encountered in the course of this project are time and financial constraints as collection and analyzing of data requires a lot of time, to pay regular visit, to the venue of the case study, attending lectures, writing of assignments and quiz, visiting the cyber café for internet browsing and also attending one’s domestic responsibilities. Financial requirements such as production and distribution of questionnaires, transportation and binding of the project work expenses forms the major limiting factors to the project work. The research study will also highlight the need for prudential management and project accountability with good policies on loans and advances as the way for the bank to acquire maximum liquidity and affective application for the accrued funds by customers and shareholders. The challenges of the modern banking in a global trend and proper solutions and recommendations for the bank development, investments and enhanced customer relations will also be highlighted.