THE MANAGEMENT OF BANKS AND THE RIGHT OF SHAREHOLDERS UNDER THE ASSET MANAGEMENT CORPORATION OF NIGERIA
ABSTRACT
The Asset management corporation of Nigeria Act seeks to establish the Asset Management Corporation of Nigeria for the purpose of efficiently resolving the non − performing loan assets of banks in Nigeria and for related matters. Within the years under review of this study, the banking industry, as well as Nigeria economy was characterized by unprecedented financial and economic crisis, which led to the effect of the crisis of the stock market collapsed by 70 percent in 2008 − 2009 and many Nigerian banks sustained huge losses, particularly as a result of their exposure to the capital market and down − stream oil and gas sector. Based on these problems in the banking industry and the effect of globalization it influence the interest in this study. The general objective of the study is to determine the present state of the law on Asset Management of bank and the right of shareholders.
The research is interdisciplinary in scope and addresses both legal and socio-economic issues. To ascertain information for this research work, doctrinaire research methodology was used, while the secondary data element of empirical research where data from Assets Management Corporation of Nigeria (AMCON) was used as source of information to illustrate the work. The findings stated that the right of shareholders depended largely on provisions in a corporation charter and by-law; that shareholders in a corporation are shielded from personal liability for debts and obligations of the corporation, and also, that the consolidation programme were necessitated by the need to strengthen the banks, thereby playing pivotal roles in driving development across the sector of the economy.
The study recommended adequate practices of banking laws and regulations within the industry, risk − focused and rule based regulatory framework, strict enforcement of corporate governance principles in banking, expeditions process for rendition of returns by banks and other financial institutions through − efass and finally the revision and updating of relevant laws for effective corporate governance and ensuring greater transparency and accountability in the implementation of banking laws and regulations.
CHAPTER ONE
Introduction
1.1 Background To Study
Investors who purchase corporate stocks enjoy a number of rights pertaining to their ownership the rights of shareholders depends largely on provisions in a corporation charter and by- laws. These are the first document which a share holder should consult when determining his or her rights in a corporation.
The recent experience from the global financial crisis has further underscored the imperatives of countries to embark on banking reforms on a regular basis. As we are all aware the world economy was hit by an unprecedented financial and economic crisis in 2007-2009 that resulted in a global recession. This crisis led to the collapse of many world-renowned financial institutions and even caused an entire nation to be rendered bankrupt.
Therefore, it is on this background that a painstaking surgery will be made on this dissertation, the Management of Banks and the Right of Shareholders under the Asset Management Corporation of Nigeria which is designed to take care of current development in the law of banking so as to meet the challenges of the 21st century and to help to stimulate the recovery of the financial system from the recent crisis by boosting the liquidity of troubled banks in which the central bank of Nigeria was forced to intervene and increase access to restructuring/ refinancing opportunities for borrowers.
1.2 Statement Of Problem
The recent experience from the global financial crisis has further underscored the imperatives of countries to embark on banking reforms on a regular basis. As we are all aware, the world economy was hit by an unprecedented financial and economic crisis in 2007-2009 that resulted in a global recession. This crisis led to the collapse of many world-renowned financial institutions and even caused an entire nation to be rendered bankrupt.
In Nigeria, the economy faltered and was hit by the second round effect of the crisis of the stock market collapsed by 70 percent in 2008-2009 and many Nigerian banks sustained huge losses, particularly as a result of their exposure to the capital market and down-stream oil and gas sector.
Therefore, the Central Bank of Nigeria (C.B.N) had to rescue 8 of the banks through capital and liquidity injections, as well as removal of their top executives and consequent prosecution of those who committed some infraction. These actions became necessary to restore confidence and security in the banking system.
1.3 Aims And Objectives
The objective of this dissertation, the Management of Banks and the Right of Shareholders under the Asset Management Corporation of Nigeria is to examine the present state of the law on Asset management of banks and the right of shareholders.
The law of the above management of banks and the right of shareholders is to be found in the statutory law, reported decisions and dicta of judges, articles and journals and reports from the internet facilities.
This dissertation also aims at helping to stimulate the recovery of the financial system from recent crisis by boosting the liquidity of troubled banks through buying their non- performing loans, helping in the recapitalization of banks in which the CBN was forced to intervene and increase access to restructuring/refinancing opportunities for borrowers.
Banking reforms in Nigeria is an integral part of the country wide reform programme undertaken to reposition the Nigerian economy to achieve the objective of becoming one of the twenty (20) largest economies by the year 2020.
CHAPTER TWO
2.0 Literature Review
2.1 Introduction
The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …
Procedure for Downloading the PDF (Docx) Material
The Management of Banks and the Right of Shareholders Under the Asset Management Corporation of Nigeria can be downloaded by requesting the full set of materials at the project or seminar cost. The document will be sent via Microsoft Word (MS-Word) format via WhatsApp (e-mail) following payment confirmation.
| Seminar Material Cost ₦3,000 | Project Material Cost ₦5,000 |
Request Complete Material
 | Click here to request the Complete Material via WhatsApp including;
|
TABLE OF CONTENTSPRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- 1.1 Background …
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
- 2.5 Research Gaps
- 2.6 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "The Management of Banks and the Right of Shareholders Under the Asset Management Corporation of Nigeria" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
PRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- 1.1 Background …
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
- 2.5 Research Gaps
- 2.6 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "The Management of Banks and the Right of Shareholders Under the Asset Management Corporation of Nigeria" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
Frequently Asked Questions (FAQ)
Can this topic “An Appraisal of Leadership Styles and Its Effectiveness in Organizational Performance” be used for Business Administration and Management (BAM) Project?
Yes it can be utilized for research — This research on an appraisal of leadership styles and its effectiveness in organizational performance with particular references to Mr. Biggs Okpara Avenue Enugu, Enugu State was intended to determine and assess the leadership style operational n Mr. Biggs presently and its effectiveness as a means of achieving organizational and national goals. In carrying out the research therefore, references were made to source including some related literature. In addition, questionnaires method was extensively employed to gather the necessary data for the study. This supported with other forms of collecting data such as books and consultation to the school libraries. Although getting information through some of this source was not easy, the research therefore acknowledge some limitations which might in one way or the …
Can the material for “Design and Implementation of Lecture Reminder System” be used as a guide for Computer Science (CS) Project?
Yes it can be used — Lecture Reminder is a tool that permits academic students and lecturers to keep track of all the things you need to know like due dates and locations. The aim of the study is to design and implement a Lecture Reminder System that will notify students and lecturer about the scheduled lecture date. In achieving this aim, the specific objectives were set out to develop a Lecture Reminder System application software that will be compatible in any browser accessible devices, and implement a system that will facilitate early notification / reminder of scheduled lecture date, design a system that will flexible in terms of serving as a reminder toward rescheduling of an impromptu lecture by course lecturer, thereby notifying students about …
Can the material for “Influence of Motivation on Pupils Academic Performance” be used as a guide for Early Childhood Education Project?
Yes it can be used — The study was carried out to investigate the Influence of Motivation on Pupils Academic Performance. Investigation revealed that the pupils in the school setting need to be motivated if they would achieve high academic performance. Teachers, who are in the habit of motivating their students get the benefits of it because those students motivated in terms of rewards such as praises and using other patterns of motivation, out-perform other children who are not motivated by their teachers. Children who are not motivated tend to perform very low in their academic pursuits. The research design used in this report is descriptive design, utilizing questionnaire method to obtain information from the respondents for this project. Primary data were collected from the primary …
Is the topic “The Impact of Company Income Tax Revenue on Developing Economies” recommended for Taxation Project?
Yes it is highly recommended — Taxation and its product, Tax have been very important vehicles for economic policies of many countries of the world. For a very long time, tax has been a major source of revenue for various levels of governments. For instance, in Nigeria, the laws of the land stipulate the categories of taxes that are collectable by each of the three tiers of government. This is with a view to enhancing basic economic growth and development at all levels of government. However, the manner in which taxes are administered on corporations in Nigeria is a major concern to the majority of Nigerians. Traditional schools of thought advocated theory of low income tax rates’ influencing economic development, whereas modern schools of thought propagated theory …
Can the material for “The Impact of Human Resource Management on a Manufacturing Organization” be used as a guide for Industrial Relations and Personnel Management (IRPM) Project?
Yes it can be used — This study examines the impactof human resource management on manufacturing organization. The rates of firms going extra miles to train their staff and employees have reduced drastically probably because of high cost of training or ignorant in the sight of the employers. This as well caused resistivity on the side of the employees and motivation has been lost. The broad objective of the study is to ascertain if human resource management improves organizational performance and also to find out if there is significant relationship between human resource management and organizational commitment of manufacturing industries. The primary source of data collection was used as chi-square statistical tool was used to test the stated hypotheses. The findings revealed that human resource management improves …
Is the topic “The Importance of Training in Improving Employee’s Efficiency” recommended for Industrial Relations and Personnel Management (IRPM) Project?
Yes it is highly recommended — This project examines training as a means of improving employees efficiency using Auchi Polytechnic, Auchi as a case study. The research problem is to examine how training contributes to the improvement of employees efficient in an institution. The problems are stated in form of questions such as, does training improve employees performance? How do workers react to changes in an institution? Of what significance is training to the institution? The instrument used in the collection of data was questionnaire. Primary and secondary sources such as textbooks and journals were also consulted. In the analysis of data collected, the simple percentage was used in the course of analyzing the data. The researcher came up with the following findings; that training contribute to …
Can the material for “Effect and Solution of Domestic Waste Disposal” be used as a guide for Public Health Project?
Yes it can be used — Domestic Waste Disposal is any materials from plants and animals which cannot be recycle back into the environments or into the market for future use. This domestic waste management disposal is of national and international concern. The study was carried out to examine the Domestic Waste Disposal, the Effect and Solution. In achieving this aim, the following specific objectives were laid out to discover the ability of the ESWAMA as an agency to control and manage waste disposal in the society and find out how government help to motivate ESWAMA in order to carryout their job objectively. The research design used in this report is descriptive design, utilizing questionnaire method to obtain information from the respondents for this project. A …
Can the material for “Expert System for Computer Security: Data Encryption, Decryption and Key Hash Algorithms” be used as a guide for Computer Science (CS) Project?
Yes it can be used — Encryption attempts to ensure secrecy in communications, such as those of spies, military leaders, and diplomats, but it have also had religious applications. The problem is security. The password method used in almost all commercial operating systems is probably not very strong against a sophisticated or unsophisticated attacker. The aim of the study is to design and implement an Expert System for Computer Security using Data Encryption, Decryption and Key Hash Algorithms. In achieving this aim, the following specific objectives were laid out as follows to develop an application software that will provide a means of safeguarding data in a system and facilitate the use of more sophisticated tool against hacking, cracking, bugging of a system. The motivation that led …
Is the topic “The Language of Christian Religion : A Comparative Study of Roman Catholic Church and Some Selected Pentecostal Churches” recommended for English Education Project?
Yes it is highly recommended — Language of religion is a register that represents the variation of language, used in the setup of religion, from the everyday language and other setups. The motivation that led to this study is that the need to know if actually there is any difference in the language of Christian religion considering its multifarious denominations. The study identifies the Language of Christian Religion using Roman Catholic Church and Some Selected Pentecostal Denominations as a case study. In achieving this aim, the following specific objectives were laid out to assess the written and written forms of language in Roman Catholic Church and Some Selected Pentecostal Denominations and identify the language of Christian religion with particular reference to that of the Roman Catholic …
Can this topic “Effect of Insecurity on Movement of Passenger on East West” be used for Tourism and Hospitality Management Project?
Yes it can be utilized for research — The study examines the Effect of Insecurity on Movement of Passenger on East West using Port Harcourt-Bayelsa Route as a Case Study. In achieving this aim, the following specific objectives were laid out to find out the specific causes and fundamental effects of Insecurity in Nigeria, ascertain the extent to which Nigerian Police force is equipped and empowered to provide security in Movement of Passenger on East West, identify the challenges that has inhibited the Nigerian police in performing its statutory functions, explore the relevance of the Nigerian police force in combating insecurity on Movement of Passenger on East West in Nigeria, and seek out solutions to insecurity on Movement of Passenger on East West and corrections that can be …