Problem of Income Personal Tax Administration and Collection Machinery

Problem of Income Personal Tax Administration and Collection Machinery

The various methods of collecting tax they can be divided as follows.
(a)    Write of Attachment
(b)    personal Demand
(c)    Court proceedings
(d)    Agency
(e)    Writs of Attachment. [Read more…]

Fraud in the Banking Industry – The Nigerian Perspective

Fraud in the Banking Industry – The Nigerian Perspective

Fraud is the number one every of the business world. No company is immune to fraud. It is in all works of life in the government in insurance in export  trade, in banking everywhere special organizations have been formed to combat it, and international police commission tries to deal with it at international level but it has not and cannot be eradicated. It is waxing in strength, its an expanding industry. However the researcher was able to lay hands on some commendable write-ups on the named topic. [Read more…]

Good Lending Principles and Techniques for Commercial Banks

 Good Lending Principles and Techniques for Commercial Banks

 Good Lending Principles and Techniques for Commercial Banks – Lending has become a vital function in banking operations because of its effects on the economic growth and development.Banks mobilizes funds from surplus economic units and channels it to the deficit economic units in forming loans and advances lending is banking. A bank does not go ahead to advance money because a project proposal sounds fantastic without through economic and financial analysis nor do they just advance funds solely on the strengths of the collaterals presented, but where this negligence abound, the out come is usually unpleasant. [Read more…]

The Role of Commercial Banks in Financing Agricultural Projects

The Role of Commercial Banks in Financing Agricultural Projects

The Meaning of Agricultural Finance

According to Adegeye and Dittojh (1980) , “Agricultural finance is concerned with Agricultural contribution and share of the national or state resources as well as the role of individual banks and other financial institution played in the financing of Agriculture as a sector of the economy. This can be in the form, of providing fund for the farmers or providing farmers input such as seedlings, machinery’s storage facilities etc, intended by both the farmer and the lender to either increase the   wealth of the farmers, to provide agricultural   export and consequently foreign exchange, it is equally meant to supply food and raw materials for the teeming population and agro – allied industries respectively.    [Read more…]

Agricultural Financing – The Role of the Nigerian Agriculture and Co-Operative Bank

Agricultural Financing – The Role of the Nigerian Agriculture and Co-Operative Bank

The Concept of Agricultural Financing – Agriculture in Nigeria has over the years been largely a private indigenous activity inspite of the relatively recent intensification of interest by government in the sector and official efforts to infuse foreign private participation.
According to Ugwuanyi (1999), Agricultural financing is the sourcing of fund and making it available for agricultural production and uses. Agricultural financing Simply means the acquisition and utilization of funds for agricultural purposes. [Read more…]