Background of the Study
Financial mismanagement poses a significant threat to the stability and integrity of the banking sector. It involves practices such as misappropriation of funds, fraudulent reporting, and regulatory non-compliance, which undermine corporate governance and stakeholder trust (Adebayo & Musa, 2024).
In Kaduna State, the banking industry faces persistent challenges related to financial mismanagement, despite regulatory measures aimed at promoting good governance. Effective corporate governance is essential for addressing these issues, ensuring accountability, and maintaining financial stability (Oluwaseun & Bello, 2025).
This study investigates the interplay between financial mismanagement and corporate governance in Nigerian banks in Kaduna State, highlighting areas for improvement and recommending solutions.
Statement of the Problem
The Nigerian banking sector has been marred by financial mismanagement, leading to cases of insolvency, loss of customer confidence, and regulatory sanctions. In Kaduna State, governance frameworks often fail to detect and prevent financial malpractices, raising concerns about their effectiveness (Bello & Adeola, 2023).
This study addresses the problem by exploring the root causes of financial mismanagement and its impact on corporate governance in Nigerian banks in Kaduna State.
Objectives of the Study
To identify the causes of financial mismanagement in Nigerian banks in Kaduna State.
To examine the impact of financial mismanagement on corporate governance practices.
To propose strategies for mitigating financial mismanagement and strengthening governance frameworks.
Research Questions
What are the main causes of financial mismanagement in Nigerian banks in Kaduna State?
How does financial mismanagement affect corporate governance practices?
What strategies can mitigate financial mismanagement and enhance corporate governance?
Research Hypotheses
Financial mismanagement does not significantly impact corporate governance practices in Nigerian banks.
The causes of financial mismanagement are not directly related to weak governance structures.
Existing governance frameworks are sufficient to address financial mismanagement.
Scope and Limitations of the Study
The study focuses on Nigerian banks in Kaduna State, exploring the relationship between financial mismanagement and corporate governance. Limitations include restricted access to sensitive financial data and potential bias in responses from banking professionals.
Definitions of Terms
Financial Mismanagement: The improper handling of financial resources, often resulting in losses or inefficiency.
Corporate Governance: The system by which companies are directed and controlled to ensure accountability and fairness.
Banking Sector: Financial institutions involved in accepting deposits, lending, and other financial services.
Chapter One: Introduction
Chapter One: Introduction
1.1 Background of the Study
Public protests are a common form of civic...
Background of the Study (400 words)
Historical investment patterns in Nigeria have been a key determinant of the country&rs...
ABSTRACT
This study investigated the relationship among academic stress, motivation and academic achievement of NCE students of FCT Colle...
Background of the Study
Islamic finance is a system of financial practices that operates in accordance with the principl...
Background of the Study
Shareholders’ activism has emerged as a vital mechanism for promoting corporate accountabi...
Abstract: BEHAVIORAL FINANCE AND ITS IMPACT ON INVESTMENT DECISIONS
This study explores the impact of behavioral finance on investment de...
Chapter One: Introduction
Background of the Study
Remote work has gained global traction, particularly after the COVID-19 pandemic underscored its...
ABSTRACT
This study examines how various health investments culminate in child health outcomes in Africa, case study the ECOWAS region. T...