Abstract:
The spate of bank distress in Nigeria in recent times has given great
concern to many Nigerians including the researcher. Hence this study is
carried out to -
1. Examine in details through a review of developments in the banking
industry particularly Since 1986 the extent of distress In the banking
.industry.
2. Determine the causes and effects of distress in the banking industry and
3. On the basis of the findings propose effective management and
preventive measures for distress in banks.
The researcher after a review of available literature on the subject,
interviewed relevant bank personnel and customers, administered
questionnaires and carried library research .
Through the analysis and interpretation of the data thereof, the following
relevant findings were made:
1. Both internal and external factors were responsible for bank distress
in Nigeria.
