AN EVALUATION OF UNIT TRUST SCHEHE IN HIGERIA: A STUDY OF SELECTED UNIT TRUSTS
AN EVALUATION OF UNIT TRUST SCHEHE IN HIGERIA: A STUDY OF SELECTED UNIT TRUSTS
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Date
1996-08
Authors
AGWARA, FONDA, SOLOMON.
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Abstract
ABSTRACT
The main thrust of this study is to critically examine
the operational activities of Unit Trust Scheme in Nigeria
and the benefits that accrue to unit holders from this form
of investment, using the chi-square test <x2> distribution
as the analytical technique.
It was observed that the scheme had contributed
positively to the standard of living of the investors,
within the period covered by the study. This was revealed
empirically by the strong correlation between unit holders'
income per unit holdings and the dividends that accrue from
such units.
therefore, in a bid for the unit trusts to grow,
develop and maintain, and continue to mobilise and attract
idle funds into the financial system for the benefit of the
investors, it is recommended that a legal advisory body be
designed and set up to protect investors against fraudulent
practices of operators and to maintain investors' and
operators' confidence in the Unit Trust Scheme.
The above step is all the more necessary because we
observed (from the study) that unnecessary bureaucracy has
caused obstruction towards the smooth operation of the
scheme.
Description
DEPARTMENT OF ACCOUNTING
INSTITUTE OF ADMINISTRATION
AHMADU BELLO UNIVERSITY ZARIA.
Keywords
EVALUATION,, UNIT,, TRUST,, SCHEHE,, HIGERIA,, STUDY,, SELECTED,, UNIT,, TRUSTS.