Evaluation Of The Impact Of Management Crisis In Financial Institutions

Sequel to the growing rare of economic activities and the consequent need to meet up with the expanding roles of financial institutions, the equally increased rate of management crisis has equally generated an alarming level of disturbance to the global financial world. The issue of increased level of production and the resultant nationalization of the economy gave room for the level of management crisis being experienced today in our financial institutions.
The promise under which these factors are persuasive are examined by the investigation. These inherent crisis will no doubt continue to contribute to management crisis in our financial institution if not checked.
The second premise is that of technological advancement, which came with it, computer, electronic transfer and so on.
The fraudulent premise, which is an age-long system of grand, still contributed substantially to the level of management crisis in financial institutions in Nigeria.
It is however the opinion of the investigator that the understanding of the dynamics of the crisis is lacking in the financial institutions system the obvious discovery of this research is that the authorities and managers of financial institutions including the stake holders in this sector are involved in the management of crisis rather than being involved in crisis management.
With the increasing rate of closure of banks and financial institutions in Nigeria, I continue that there is no effective tool and machinery for crisis management in financial institution system.
In this direction, the excessive involvement in rivalry, competition instead of comprehensive total growth of all financial institution in Nigeria make their engage in smatter ways of out wetting the others.
This is very unhealthy to the sustainable growth of the institutions.
Moreover a careful study of that the NDIC (Nigeria Deposit and Insurance Corporation) has done were X-rayed and the discovery recommended for better financial institutions system.
United Bank of Africa (UBA) as a fiancial institution has been chosen as a proper representation of financial institutions administration in the country as this is case study of this investigation.
Most outstanding crisis situations will be identified by this research and those are peculiar to UBA in addition to all other general situations in the financial institutions will be identified what has led to the discontinuity and constant instability in the banking sector in Nigeria is not unconnected with the spate management crisis and fraudulent crisis in this important sector.