CREDIT MANAGEMENT IN NIGERIA: A STUDY OF SOCIETE GENERALE BANK NIGERIA LIMITED
CREDIT MANAGEMENT IN NIGERIA: A STUDY OF SOCIETE GENERALE BANK NIGERIA LIMITED
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Date
2000-04
Authors
BAYOLA, HUSSEINA MOHAMMED
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Abstract
Recently, financial institutions have been crying out loud on the pains of debts
in the Industry; many banks have gone out of business because of the strong
wave of bad debts while some are left staggering. These prevailing
circumstances have provided impetus to determine the cause of bad debts and
proffer solution.
The approach adopted was through personal interviews and administration of
questionnaires to bank officials and customers.
The study discovered that banks generally have excellent credit policies but
have problems with management of credit. Personal motivation, lack of
transparency, lack of collateral and indiscipline of fund managers were
highlighted as some of the problems associated with credit management.
In view of the serious impact of poor credit management on banks, the
following recommendations were made; that collateral offered to cover any
bank loan must be duly perfected before any disbursement of fund; that the
dreadful activities of insiders abuse must be stopped and properly checked so as
minimize the high rate of untimely death of banks; and that our legal system
should be made more effective in debts recovery. More so, the snail pace at
which our law courts handle debt recovery cases has left much to be desired
Description
A Project submitted to the postgraduate School, Ahmadu
Bello University, Zaria, in Partial Fulfillment of the
requirements for the awards of the Degree of Master of
Business Administration (MBA)
APRIL, 2000
Keywords
CREDIT,, MANAGEMENT,, NIGERIA, STUDY,, SOCIETE,, GENERALE,, BANK,, NIGERIA, LIMITED,