Evaluation of the Role of Ndic to Bank Depositor and Their Services Adequacy

Evaluation of the Role of Ndic to Bank Depositor and Their Services Adequacy

Abstract of Evaluation of the Role of Ndic to Bank Depositor and Their Services Adequacy

In this research study titled an evaluation of the role of NDIC to bank depositors and their services adequacy. The objective of the study was to know if the purpose of introduction of NDIC in the Nigeria financial institution has actually actualized its aim sine 1989 till date
The researcher used oral interview and questionnaire to obtain all the necessary information including secondary data.
It was discovered that within the period the number of bank distress reduced and people are now having confidence in the Nigerian commercial banks
It was also discovered that it does not allow commercial banks to relax they check their activities from time to time
It is also being understand that banks are business which is intermediations conpced with the activities of the Apex bank as a regulatory body.

Chapter One of Evaluation of the Role of Ndic to Bank Depositor and Their Services Adequacy

INTRODUCTION

Background of The Study.

The introduction of banking system emerged in 1891 but actually
Started in 1892. The ACB bank, but when the bank was managed by colonial masters there was a lot of disparity in employment given out loans to Nigeria indigenes and also having their head office in London. The Nigeria citizen objected to that and formed their own bank which was ruined by poor management, fraud, inadequate capital and other problems.
Bank distress has always being the case, in 1950’s we have 25 banks got distressed. In 1980’s the IBB Babangida Administration introduced SAP to reduce the over dependence on oil sector to Agricultural sector and bank deregulation. Many banks also got distressed, because of these, in march 1988, the Nigeria government thought of establishing Deposit insurance scheme as obtainable in other countries of the world like in America it was introduced in 1933 to regulate and monitor banks failure and distress because of this, the Nigeria deposit insurance scheme was into operation in June 1989 to regulate and monitor the activities of the commercial banks and also to protect bank depositors and also to restore confidence in the banking industry. Since then, the issue of bank distress has reduced the case in front is to know the roles activities of the Nigeria deposit insurance and to know if the services are adequacy both to the bank depositors and the Nigeria economy.