Equipment Leasing Effect and Prospect :A Case Study of Access Bank, Ilorin, Nigeria

TABLE OF CONTENT

TITLE PAGE                                                                   i

CERTIFICATION                                                             ii

DEDICATION                                                                 iii

ACKNOWLEGEMENT                                                     iv

TABLE OF CONTENT                                                      v

CHAPTER ONE; INTRODUCTION                                  

1.1    Historical Background of the Study                        1

1.2    Statement of the Problem                                       2

1.3       Objective of the Study                                   3

1.4    Plan of the Study                                                   4

1.5    Significance of the Study                                       4

1.6    Scope of the Study                                                5

1.7    Definition of Term                                                  5

1.8    Statements Hypothesis                                          7

1.9    Research Question                                                8

CHAPTER TWO; LITERATURE REVIEW                        

2.1Types and Structure of  Lease in Nigeria                    9

2.2 Advantages of Leasing                                              23

2.3Disadvantages of Leasing                                          26

2.4Source of Lease Financing                                         28

2.5How to Negotiate Leasing                                          30

2.6Computation of Lease Renter                                     31

2.7Types of Lease Contract                                             31

2.8Termination of Lease Contract                                   33

CHAPTER THREE; RESEARCH METHODOLOGY

3.1    Source of Data Collection                                      34

3.2    Sampling Method and Size                                    36

3.3    Methods of Data Collection                                    37

CHAPTER FOUR; PRESENTATION, ANALYSIS AND INTERPRETATION OF DATA COLLECTED

4.1    Data Presentation                                                 39

4.2    Data Analysis                                                        39

4.3    Interpretation of Data Collection                            40

CHAPTER FIVE; SUMMARY, RECOMMENDATION AND CONCLUSION

5.1    Summary                                                              48

5.2    Conclusion                                                            50

5.3    Recommendation                                                  51    

Reference                                                              54

Questionnaire                                                       5

CHAPTER ONE

INTRODUCTION

1.1   HISTORICAL BACKGROUND OF THE STUDY

         Access Bank Nigeria Limited was licensed as a commercial bank in December, 1988 and opened its door to customers on May 11th, 1989.  The bank started business from 4 Buma Road in Apapa, Lagos State.  Its formal corporate head office with an authorized share capital of #20million.  The share later increased to #70million and of this amount, #58million has been paid up.  The bank’s ownership is spread amongst reputable Nigerian business men and professionals whose business interests covers a wide area.  The experiences of the shareholders are put to the use by the bank through a seven members board located by Chairman Mr. Ayo Oni, while the board oversees the affairs of the bank, the day to day management of the bank resides with the Management Director/Chief Executive, Mr. Lyke Aigboye Imoukhers as astute banker with 18years banking experience. The bank turned and assisted by a corps of seasoned professionals with various backgrounds in banking and related specialization. As a result from Apapa and Board Street, the bank also has branches at: Ilorin, Lagos, Osun, Ikeja, Abuja etc.