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ETHICS AND PROFESSIONALISM: ESSENTIAL TOOLS FOR BANKING BUSINESS IN NIGERIA

 

ABSTRACT

 

It is of no doubt that banking institution plays a vital role not only in  mobilising and channeling financial resources but also as a veritable instruments of efficient payment system as well as implementing the monetary policies of any country. It is noted that banking is most unlike other firms of business, therefore the terrain is usually different. Banks have a social responsibility as their activities impinge on the well being of the economy. Given such a pivotal role in the economy, the need for an orderly, efficient and sound management of banks cannot be over emphasised. There are so many preconditions for the sound management of banking institution in Nigeria. However, this project work is concerned with the issues of ethics and professionalism as essential tools for banking business in Nigeria. To achieve this, necessary data will be gathered from codes of ethics and professionalism by Bankers committee, financial journals, founding of previous researchers on the issue, then primary source of data will be used to get facts from bank customers and staff. After a critically reviewed of the results of findings, some recommendations will be made like: flamboyance, extravagance and brazen display of wealth in the midst of widespread hunger and poverty in the land should be eschewed; the career bankers as well as bank workers have a duty to behave professionally by conducting their lifestyles and social profiles in such a manner that they do not in cure the public wrath and that the two regulatory bodies. The Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) should be adequately staffed to facilitate their examination more than once a year of the various banks.

 

 

 

 

 

 

 

TABLE OF CONTENT

 

Declaration. iii

 

Certification. iv

 

Dedication. v

 

Acknowledgementvi

 

Abstractviii

 

Table of Contentix

 

CHAPTER ONE. 1

 

1.0     Introduction. 1

 

1.1     Objectives of the Study. 2

 

1.2     Scope of Study. 3

 

1.3     Research Questions3

 

1.4      Research Hypothesis4

 

1.5     Significance of the Study. 4

 

1.6     Statement of problem.. 5

 

1.7     Limitation of Study. 5

 

1.8     Glossary and Terminology. 6

 

CHAPTER TWO. 7

 

2.0     Literature Review. 7

 

2.1     Introduction. 7

 

2.2     The Concept of Profession and Professionalism.. 7

 

2.3     Upholding Financial Discipline and Moral Standard as the Bane of Professionalism in the Banking Industry. 9

 

2.4     The Pursuit of Ethics in Nigeria Banking Industry. 11

 

2.5     Supervisory Framework and Professionalism in the Nigeria Banking System   13

 

2.6     Problems of Abuse of Ethical Standard in Nigeria Banking Industry. 14

 

2.7     Code of Ethics and Professionalism in the Banking and Finance Industry. 15

 

2.8     Benefits of upholding highest standard of ethic and professionalism.. 22

 

 

 

 

 

 

 

CHAPTER THREE. 24

 

3.0     Research Methodology. 24

 

3.1     Introduction. 24

 

3.2     Research Design. 24

 

3.3     Method Data Collection. 24

 

3.4     Questionnaire. 25

 

3.5     Data Analysis Techniques25

 

3.6     Testing for Hypothesis26

 

3.7     Determination of Critical Value. 26

 

CHAPTER FOUR. 27

 

4.0     Data Analysis and Presentation. 27

 

4.1     Introduction. 27

 

4.2     Analysis of data and presentation. 27

 

4.3     Hypothesis Testing and Interpretation. 40

 

CHAPTER FIVE. 45

 

5.0     Summary, Conclusion and Recommendation. 45

 

5.1     Summary. 45

 

5.2     Conclusion. 45

 

5.3     Recommendation. 46

 

5.4     Suggested Areas of Further Studies47

 

Bibliography. 48

 

Appendix

 

 


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