INTRODUCTION
Banking decree 1969 defines banking as the business of receiving monies from out side sources as deposits, irrespective of the payment of interest and the granting of loans and acceptance of credits or the purchase of bills and cheques or the purchase and sales of securities for accounts of others or the incurring of the obligation of acquire claims in respect of lons prior to their maturity or the assumption of guarantees and other warranties for others or the effecting o transfers and clearings, and such other transactions as the minister may on the recommendation of the Central Bank, by order published in the Federal Gazette designated as banking business.
In Nigeria Banking system is made up of the Central commercial merchant and development bank. There are other banks with People’s Bank and Community bank respectively. These are recently developed or established by decree of the Federal Military Government. Banking has been in existence for many years now but it is unfortunate that there has been no generally accepted statutory definition of a bank until 1969.
In (1982) Hart brought his own view of definition of ank as a person or company carrying on the business of receiving monies and collecting draft for customers subject to the obligation of honouring cheques drawn upon them from time to time by customers to the extend of the amounts available on their current account.
The government through its agency the Central Bank of Nigeria regulates banks. This is to ensure that they render services to their customers in a manner consistent with safe banking operations and government financial policy.
Due to the need to effectively and efficiently mange depositors funds the task of managing a bank is entrusted with honors, reputable, and hard-working personnel amongst various function of bank management from among alternatives of a course of action.
It is at the core of planning, a plan cannot be said to exist unless a decision has been reached (Kasnts 1984).
The bank personnel management established internal control procedure for the effective discharge of the major functions in order to obtain their corporate objectives. In doings this, special attention must be given to communication problem. The structure of the bank organization should have a one and the staff structure so that there will be flow of information form the top management and vice versa and also the low level will give advice to the top level who might accept it or not. This will make people below the top management level to be among of the bank policy and their own responsibilities towards the bank.
With a free flow of information there will be a real basis for effective decision-making. There is a need to establish a follow up mechanism so that the performance will be maintained to know whether action is going according to plan and policies. If it is not then correction can be made before it is too late. It is in the light of the above factors that the management function of controlling becomes very desirable.
In order words, to ensure that efficiency proper management are maintained the bank management has established the internal control unit or the inspection division. The inspection itself is an important organ for internal control system. But our teaching problem is hat despite the establishment of this division there seem to be lapses here and there..
Based on the factors, the research was motivated to examine the extent to which inspectorate unit of banks are contribution to the efficient management of the banks resources with particular reference to United Bank for Africa PLC, Agbani Road, Enugu.
TABLE OF CONTENTS
COVER PAGE
TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGEMENT
PROPOSAL
CHAPTER ONE:
1.1INTRODUCTION
1.2STATEMENT OF PROBLEM
1.3PURPOSE OF THE STUDY
1.4SIGNIFICANCE OF THE STUDY
1.5RESEARCH QUESTIONS
1.6SCOPE AND LIMITATIONS OF THE STUDY
1.7DEFINITION OF TERMS.
CHAPTER TWO
REVIEW OF RELATED LITERATURE
2.1 CONCEPT AND PURPOSE OF SUPERVISION
2.2 ORGANIZATION AND MANAGEMENT OF SUPERVISION
2.3 DEVELOPING EFFECTIVENESS IN SUPERVISION
2.4 SUMMARY OF THE RELATED LITERATURE
2.5HOW BANKS CAN EFFECTIVELY BE INSPECTED
2.6PROBLEMS FACING EFFECTIVE INSPECTION
2.7PURPOSE OFINSPECTION
2.8FRAUDS AMOUNT TO INSPEION
2.9WAYS O AVOIDING FRAUDS
CHAPTER THREE
3.1DESIGN OF THE STUDY
3.2AREA OF THE STUDY
3.3POPULATION OF THE STUDY
3.4SAMPLE AND SAMPLING TECHNIQUES
3.5INSTRUMENT OF THE STUDY
3.6VALIDITY OF INSTRUMENT
3.7ADMINISTRATION OF THE INSTRUMENT
3.8METHOD OF DATA ANALYSIS
CHAPTER FOUR
PRESENTATION AND ANALYSIS OF DATA
4.1SEX
4.2MARITAL STATUS
4.3STAFF LEVEL OF EDUCATION
4.4LENGTH OF SERVICE
4.5ADEQUANCY OF RESOURCES
4.6IF YES FOR FURTHER TEST
4.7DOES INSPECTORATE DEPARTMENT ENSURE THAT RULES
ARE GIVEN FOLLOWED BEFORE LOAN IS GIVEN
4.8HAS YOUR BANK EXPERIENCED COMPUTER FRAUD?
4.9TO WHAT EXTENT ARE COMPUTER FRAUD IN YOUR
BANK BEING CHECKED?
4.10INTERFERENCE AD JOB/POSITION INSECURITY OF AN INSPECTOR
ADVERSELY EFFECT THE OBJECTIVITY
4.11DOES NON IMPLEMENTATION OF PREVIOUS REPORTS AND
RECOMMENDATIONS AFFECT INSPECTORS FUNCTION.
4.12TO WHAT EXTENT ARE WORKERS BEING ASSURED OF JOB SECURITY
4.13FINDINGS AND RESULTS DISCUSSION
CHAPTER FIVE
5.1SUMMARY OF FINDINGS
5.2CONLUSION
5.3RECOMMENDATION
5.4SUGGESTION FOR FURTHER RESEARACH
BIBLIOGRAHPY
QUESTIONAIRE
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