A Behavioural Approach to Effective Management in Nigerian Banks: A Reflection on The Past.

Abstract

Effective bank management is still very important and relevant in Nigerian business environment as it is in other African countries today as always. This paper is a descriptive assessment of the banking industry in Nigeria in the period when the implementation of the Structural Adjustment Programme was at its peak. Emphasis of this paper is, however, on the behavioural issues, that affect bank management. These issues include mismanagement, ownership structure and bank board related problems, frauds and forgeries, and also the greed and ignorance of depositors. The period covered was 1986-1993, while reforms in the banks commenced.




Specific suggestions were made on the way forward in the predicament of banking malpractices towards ensuring effective bank management in Nigeria. There are lessons to be learnt by other African countries. These include overhaul of the internal management of the banks, the role of regulatory ities and lastly, what every manager needs to know in managing people and ensuring effectiveness in banks. The major conclusion of the paper rests on the need to rebuild or rekindle trust in the banking industry.




IFE Psychologia (2002) 10(1), 15-27