The Problems of New Banks in Nigeria

THE PROBLEMS OF NEW BANKS IN NIGERIA (A CASE STUDY OF CITIZEN INTERNATIONAL BANK OF NIGERIA ENUGU)

In the study of the problem of new banks in Nigeria, it is important to takes a critical examination on related literature on the topic. Derrick G.H. (1985) defined bank as a business recognized as a bank by the bank of England under the banking Act 1977. [Read more…]

The Role of External Auditors in Fraud Detection

THE ROLE OF EXTERNAL AUDITORS IN FRAUD DETECTION (A CASE STUDY OF UNION BANK OF NIGERIA PLC. ENUGU BRANCH)

 The heritage illustrated dictionary of the English language defines fraud as “a deception deliberately practiced in order to secure unfair or awful gain”.  Fraud is simply an international wrongful act with the purpose of deceiving or causing harm to another company or party.  An important characteristic of fraud is the interest of the wrong does. [Read more…]

Banks Participation in Industrial Development in Nigeria

BANKS PARTICIPATION IN INDUSTRIAL DEVELOPMENT IN NIGERIA THE NEED FOR INDUSTRIALIZATION

The mounting faith of the future of economic couple with over expanding population of the requires different attitude and plans from these filled to be a stable economy. [Read more…]

Internal Control System as a Means of Preventing Fraud in Nigeria Financial Institution

INTERNAL CONTROL SYSTEM AS A MEANS OF PREVENTING FRAUD IN NIGERIA FINANCIAL INSTITUTION (A CASE STUDY OF FIRST BANK OF NIGERIA PLC ONITSHA)

Many Authors and researchers have written on the topic of internal control”, most of this writers are foreigners and as a result of witting the context of their home contraries. In recent times, however, indigenous writers have also made their impact in bringing the situation nearer home. [Read more…]

Stock Exchange in Developing Economy (Role and Setbacks)

“STOCK EXCHANGE IN DEVELOPING ECONOMY” (ROLE AND SETBACKS)

The literature suggests that the practice that have gradually metamorphosed into the stock exchange as it is known today took their roots from the bourgeoning trade in agriculture and other commodities developing in some of the major European centres during the middle ages. It was the practice in these trade fairs for traders to gather at a place on appointed day to strike bargain in commodities. Trade was frequently conducted to credit notes, some to be in use as evidence of the credit and as instrument of effective settlement.   [Read more…]