ABSTRACT
This project studied the management of bad and doubtful debts by Nigeria commercial banks. It noted problems associated with the wide spread development of bad account by banks as being occasioned by so many changes that are unfolding as a result of the deregulation of the Nigerian Financial System. It viewed the incidences of bad debts as one of the greatest problems facing both old and new generations of banks today with adverse consequences on their profitability level. This project traced the origin of bad accounts to a number of factors some which may be internal, external or by act of God. e.g. the death of the owner of business. It was help that an account becomes bad the very day the facility is granted. Carelessness on the part of lending officers and his inability to interpret and respond promptly to warning signals may cause an untold loss in addition collusion by lending officers with the borrowers and absence a clearly defined lending guideless by banks may be responsible for high loan default. It is even difficult to identify control once a facility has been agreed by management.
The most effective way of limiting one’s losses however is to stop paying out but trading margins are particularly important.
TABLE OF CONTENT
TITLE PAGE i
CERTIFICATION ii
DECLARATION iii
DEDICATION iv
ACKNOWLEDGEMENT v
ABSTRACT vii
TABLE OF CONTENTS
CHAPTER ONE
1.0 Introduction 1
1.1 Background of the Study 1
1.2 problems of the Study 4
1.3 Objective of the Study 4
1.4 Significance of the Study 6
1.5 Research of the Study 8
1.6 Plan of the Study 9
CHAPTER TWO
2.0 Literature Review 10
2.1 Meaning of Bad Debt 10
2.2 Management Of Bad Debt 11
2.3 Effects of Bad and Doubtfully Debts 18
2.4 Risk Analysis 22
CHAPTER THREE
3.0 Research Methodology 25
3.1 Historical Background of First Bank 25
3.2 Sample and Population of the Study 26
3.3 Population 28
3.4 Method of Data Analysis 29
3.5 Validity of Instrument 31
3.6 Administration of Instrument 32
3.7 Observed Problem 33
3.8 Limitation of the Study 36
CHAPTER FOUR
4.0 Data Presentation and Analysis 38
4.1 Data Presentation 38
4.2 Data Analysis 41
4.3 Test of Hypothesis 47
4.4 Findings 49
CHAPTER FIVE
5.0 Summary, Conclusion and Recommendations 51
5.1 Summary 51
5.2 Conclusion 55
5.3 Recommendation for Improved Management
of Bad Loan 57
REFERENCES 59
, O (2021). Effect of Bad Debts in Nigeria Money Deposit Banks in Nigeria A Case Study of First Bank of Nigeria Plc. Afribary. Retrieved from https://tracking.afribary.com/works/effect-of-bad-debts-in-nigeria-money-deposit-banks-in-nigeria-a-case-study-of-first-bank-of-nigeria-plc
, Ojo "Effect of Bad Debts in Nigeria Money Deposit Banks in Nigeria A Case Study of First Bank of Nigeria Plc" Afribary. Afribary, 22 Dec. 2021, https://tracking.afribary.com/works/effect-of-bad-debts-in-nigeria-money-deposit-banks-in-nigeria-a-case-study-of-first-bank-of-nigeria-plc. Accessed 12 Nov. 2024.
, Ojo . "Effect of Bad Debts in Nigeria Money Deposit Banks in Nigeria A Case Study of First Bank of Nigeria Plc". Afribary, Afribary, 22 Dec. 2021. Web. 12 Nov. 2024. < https://tracking.afribary.com/works/effect-of-bad-debts-in-nigeria-money-deposit-banks-in-nigeria-a-case-study-of-first-bank-of-nigeria-plc >.
, Ojo . "Effect of Bad Debts in Nigeria Money Deposit Banks in Nigeria A Case Study of First Bank of Nigeria Plc" Afribary (2021). Accessed November 12, 2024. https://tracking.afribary.com/works/effect-of-bad-debts-in-nigeria-money-deposit-banks-in-nigeria-a-case-study-of-first-bank-of-nigeria-plc