Ethiopia Vol. 4 (3b) July‚ 2010 ISSN 1994-9057 (Print) ISSN 2070-0083 (Online) Fraud and Fraudulent Practices in Nigeria Banking Industry (Pp. 240-256) Owolabi‚ S. A. - Accounting Department‚ Babcock University‚ Nigeria E-mail: emilagab05@yahoo.com Abstract The paper reviews the various forms of fraudulent practice their impact and inducement for various reforms in banking industry. It also mentions various legislations targeted at reducing fraud and introducing some forms of control and reporting
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SUBMISSION 31/7/2010 DISCUSS HOW MICHAEL PORTERSCOMPETATIVE FORCES BEING IS APPLIED IN THE BANKING SECTOR Introduction: The banking Industry in kenya has tremendously changed its dynamics for the last one decade. Many banks have joined the industry both local and foreign. Notably‚ the no-banks financial institutions have been mushrooming by an alarming speed.. In any industry‚ including the banking industry‚ the nature of competition is always a function of the market structure. The trend today
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KEY SUCCESS FACTORS IN THE BANKING INDUSTRY. A key success factor is the thing that most affects the ability of a company to succeed in the market. A company must develop competence on its industry’s key success factors if it has to remain successful. Sound strategy incorporates efforts to be competent on all key industry success factors and to excel on at least one factor. The key success factors in the banking industry include: 1) Management – Management plays a key role in ensuring
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INTRODUCTION Banking reforms have been an on going phenomenon around the world right from the 1980s‚ but it is more intensified in recent time because of the impact of globalisation which is precipitated by continuous integration of the world market and economies. Banking reforms involve several elements that are unique to each country based on historical‚ economic and institutional imperatives. In Nigeria‚ the reforms in the banking sector preceded against the backdrop of banking crisis due
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Why quality customer service is more important in banking industry? Behaylu W.Deneke Most‚ if not all‚ private commercial banks in Ethiopia use almost the same marketing approaches to attract customers. They develop the traditional banking products and open branches everywhere then promote their branch and Products aggressively on the traditional channel. Before going to the detail let me differentiate between bank product and bank services. The bank products are deposit‚ borrowing or other
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Introduction 1.1 Rationale of the Study Investment Banking is an American synonym of merchant banking. Investment banks provide advice on mergers and acquisitions and are involved in financing industrial corporations through buying shares and selling them in relatively small lots to investors. In the Bangladesh context‚ merchant banking includes all institutions that combine the functions of both development banking and investment banking. Investment banks act as intermediaries between issuers
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CHAPTER THREE RESEARCH METHODOLOGY 3.1 AREA OF STUDY The area of study o this research work is to determine the effect of monetary policy on the performance of banks in Nigeria. This study will cover all the commercial banks that have been in existence since 1975-2004. More so‚ the aggregates rate is used in assessing their performance. 3.2 METHOD OF INVESTIGATION/SOURCE OF INFORMATION According to Asika (2002)‚ research work can be defined as the restructuring of investigation aimed at identifying
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Preventing Voluntary Turnover Preventing voluntary turnover is important to the success of an organization. Staff turnover is expensive for companies‚ a cost no employer willingly wants to absorb. There are direct costs such as advertising‚ interviewing and training and indirect costs such as low morale and disruption of customer care or final product quality (Ziemba‚ 2004‚ 44). In a day when tight budgets‚ time limitations‚ and customer satisfaction are important to the bottom line‚ identifying
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Based on the above timeline‚ Eaton’s demise started as early as 1952‚ when Sears joined forces with Eaton’s main competitor at the time‚ Simpsons. The Simpson’s-Sears venture proved to be effective‚ as Sears brought their expertise from operating in the US for many years and quickly established new stores in the suburbs which tended to be the growth part for most communities. The stores were new and modern. Eaton’s management had failed to respond to its competitors actions of locating their stores
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2. Analysis of Supply Dynamics Issues When we talk about supply in terms of the banking sector‚ we talk about supply of funds that the bank can loan. This supply of loanable funds come mainly from the customers themselves in the form of deposits. The demand section of this report discusses in-depth about the deposits from the market. This section is used to address the macro-economic aspects of the supply of funds including the money supply of the country‚ major contributors in the supply dynamics
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