The problem of loan recovery in Nigeria commercial banks - case study of Union Bank Plc Department: Accountancy By: samadchuks Project ID: 4616 Rating: (3.6) votes: 7Rate this project12345 Price:₦1000 Get the Complete MaterialAbstractThis study investigated the relationship between advancing and recovery of loan in Nigeria money deposit bank. It aimed at finding solutions to loan defaulters that exist in Nigeria''s banking system. Questionnaire and personal interviews were used as the method of data collection. The method of data analysis used was percentage table and chi-square proportion. The major findings show that banks normally give loans to their customers and that banks take into consideration before loans are granted. Banks also have managerial arrangements for their loan recovery activities. Factors found to be responsible for loan default such as misrepresentation and dishonestly on the part of the beneficiaries. While poor appraisal of feasibility studies, improve evaluation of the customers and mismanagement of customers account on the part of the bank. This research, therefore, recommends that in order to ensure an effective and efficient loan recovery the bank should properly evaluate every loan facility grants to customers....Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Auditing in Nigeria companies, problems and prospects»The effects of computerized accounting system on the performance of banking industry in Nigeria»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»Effect of misrepresentation of information in a financial statement»The impact of development finance institutions (DFIS) in economic development of Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )