The effect of internal control system on the operations of banks in Nigeria - case study of First Bank of Nigeria Plc, Aba Department: Banking and Finance By: chidocyber Project ID: 4595 Rating: (3.3) votes: 6Rate this project12345 Price:₦2000 Get the Complete MaterialAbstractThis study exposed the researcher to the effect of internal control system on the operations of banks in Nigeria internal control is the whole system of financial and otherwise established by the management in order to carry out on their business of the enterprise in an orderly and efficient manner, ensure adherence to management policies, safeguard the assets and secure as far as possible the completeness and accuracy of the records. The objective of this study is to evaluate the effectiveness of the internal control system in First Bank of Nigeria Plc. Various concepts and theories on internal controls and other measures aimed at safeguarding the assets of the bank were reviewed from related literature. Questionnaire and interview were the major instruments of data collection. The responses of thirty (30) staff of First Bank of Nigeria Plc. Aba Branch were analyzed using simple percentage and frequency tables. The study found that efficient internal control ensures adherence to management policies and the attainment of corporate goods. The study recommended among others that there should be a clear and proper definition of duties and responsibilities to ascertain when instructions are breached and who should be held accountable. ...Preview Download Preview +Other Banking and Finance project topics and materials you might be interested in»The role of central bank of Nigeria (CBN) in the development of Nigeria financial sector»Appraisal of the economic implication of electronic banking in Nigerian banks (A case study of diamond bank)»The impact of strategic planning on banks performance in Nigeria (A case study of united bank for Africa plc)»Evaluation of the impact of liquidity management on banks performance in Nigeria ( A case study of UBA )»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)»The role of financial institutions in promoting banking habit and saving capital formation in Nigeria»The effect of electronic banking on fraud reduction in bank (A case study of access bank plc)»The effectiveness of monetary policy measures in controlling inflation in Nigeria»Problems and challenges facing finance houses in the Nigerian economy ( A case study of mortgage bank owerri )»The role of deposit money bank in Nigeria in economy development in Nigeria - a case study of Access Bank Plc»Motivation as a way of reducing fraud in banking industry ( A case study of UBA and Fidelity bank )»The impact of insurance industry on the economic growth of Nigeria (A case study of nicon and hallmark insurance companies 2005-2009)»Identification and management of bad debts in Nigeria commercial banks(A case study of UBA plc)»The contribution and effect of computer to modern day banking in Nigeria (A case study of zenith bank and first bank plc)»The use of accounting information in assessing control and performance in an organization (A case study of first bank of Nigeria owerri)