The aim of this study is to appraise the
causes and effect of mismanagement in financial Institution.
To accomplish the above objectives to enable
adequate management in financial Institution to achieved their basic aim in
Financial Institution, Management have pose many problems such as having loss
of trust by their customers in as much as not investigating on them anymore.
Unable to abide by relevant laws especially before
the financial ordinance.
This research study has critically examined
the Impact of mismanagement in our financial institutions.
Therefore the findings are as follows;
Lack of public awareness roles of accountant
such as school of accountant like law school.
Such as facilities as text books for fraises
and computers for practicing accounting.
as poor turnover in their fear etc.
Cover Page …
Tittle Page …
… … iii
Acknowledgment and Abstract
Table of Contents …
… … vi
Introduction the study
Statement of Production
1.3 Purpose f study
Definition of terms
Causes of Financial Mismanagement in financial Institutions
Unqualified Accounting Staff handling Account Book As a Manager
2.2.1 Inflation of contracts
2.2.2 Perfect fraud in Financial Institutions
2.2.4 Poor Loan Recovery Machinery
2.2.5 Incompetent officer and Managers
The effect of Financial
Mismanagement in Financial Institution.
Effect in Financial Institutions
Effect in the Economy/Structure of the Economy.
Effect to the Staff
Effect to individual and Groups of Peoples.
Summary of Findings, Conclusion, and Recommendations.
1.0 INTRODUCTION THE STUDY
1.1 BACKGROUND OF THE STUDY
A Financial Institution is an organised body
concerned with the management of money.
This is to say Institution is responsible for the lending and borrowing
money. Institution involved financial intermidaition where money is mobilized
and channeled for the public sailing those who have surplus funds and save
those who want to invest in productive activities. Some of institution in
Nigeria are Commercial Bank, C.B.N, Insurance companies, stock Exchange Market,
Development Bank, Merchant Bank etc.
Mismanagement can be defined as a controlled
or deal with private, public or Business affairs badly, unskilfully. Then
financial mismanagement according to above definition may be improper
administration, bad or wrongly used of money, Inadequate collateral security of
granting loan. Misappropriation of money or management of finance unskilfully,
they are god in selling of securities, they are sources of Revenue the
Government. They provides not to advice to the government, they help to
Extremely in International trade etc. Public and private individual, bank
provides drastic support to public individuals affairs. Bank grant loans in
advances and makes payment locally in fact, they perform variety functions to
satisfy financial needs of all types of customers they have from small personal
and big incorporates public organisation ie by accepting deposit safe custody
agency services. Industries have grown
beyond optimistic expectation over years the number of bank increased and growth
resulted ton loss professionalism in service, to increase fraud craze for
materials to wealth inflating contracts, god-fatherism, poor portfolio
management and other bank.