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The roles of central bank of Nigeria in the prevention of bank failure or liquidation (A case study of central bank of Nigeria 2005-2009)

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Abstract

This study, which is captioned the roles and important of central bank of Nigeria in the prevention of bank failure or liquidity in Nigeria have reveal the types, causes, effects, recognition and prevention of bank liquidation in Nigeria. Some of the findings indicated that bank liquidation was mainly as a result of poor portfolio management, frauds and inadequate capital basis. In this study, majority of the population interviewed acknowledge the fact that bank liquidation can be prevented. The study also pointed that the central bank of Nigeria has not relented in its efforts in this light against distress within the Nigeria financial system, illustrating the role banks play in the growth of the economy for the well being of the country, some of other causes where identified which were discussed in details encompassing all other causes not mentioned as separate cause of bank liquidation.

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