1.1BACKGROUND OF THE STUDY
The term bank means place where money and valuable are kept for safety. So bank failure means the inability of the bank to meet its statuary obligation.
The financial sector of any economy plays an important role in promoting and supporting economics growth and development. When the financial (sector) is in distress cannot perform its role effective.
Modern commercials banking business remained commenced in Nigeria at about 1892. At that time, it was solely a business for the foreigners.
Even at in dependents in 1960, about 80% Nigeria banking business remained in the hand of foreigners.
To redress this situation and meet the financial requirements of Nigeria business, some indigenous bank commenced operation in he late 1920 and 1930 at that time the bank business was virtually regulated those new indigenous commercial and merchant bank were later to be faced with problem of under capitalization in experienced management hostile and unfair competition from foreign bank.
By 1954, 21, of the 25, indigenous bank operating in the country collapsed, of the remaining from only two are still operation in Nigeria today
This become a source of worry to the public manageress and regulatory of bodies like Central Bank of Nigeria (CBN) and Nigeria deposit insurance corporation (NDIC).
This study however, in tends to use bank as a case study.
It hoped that at the end of the study, the causes and cause of bank failure in the modern economy will be known better and suggestion offered to deal with the problem.
TABLE OF CONTENTS
Table of Contents
1.1Background of the Study
1.2Statement of the Problem
1.3Object of the Study
1.5Significance of the Study
1.6Scope and Limitations
1.7Definition of the Term
2.1The Development and Operation of Information,
Technology in Nigeria Banking System
2.2Evolution of Computer Technology
2.3Electronics Fund Transfer (E.F.T)
2.4Magnetic Ink Character Recognition System (MICR)
2.5Automatic Teller Machine [AT.MS.]
2.6 Counting Machines
2.7Problems Militating Against Rapid Development of Information Technology in Nigeria Banking Industry.
3.0 Research Design & Methodology
3.2 Primary Data
3.2.2 Secondary ‘Data
3.3 Location of Data
3.4 Population and Sampling
3.5 Research Instrument
3.6 Research Validity
4.1Analysis of Research Question
5.0Summary Recommendation and Conclusion
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