MANAGEMENT OF BAD DEBT IN THE NIGERIA BANKING SYSTEM SCOPE AND REMEDIES
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PROPOSAL
First of all we define what we understand by management of bad debt in the Nigeria banking system scope and remedies in my own understand. I can say that it is the kind of bank that is been credited with invoice role of being in a very important source of funds.
Also as a result of this, banking institute have been an agent of economic growth and perhaps economic development.
Bank also refers to commercial banks. Commercial bank is described by the banking act 1969 as a bank whose business include the acceptance of deposits, with drawable by cheque include loans and advances.
We can also say what the problems of the topic are. In the problem it is the advantage of the loans and advance granted to them by not utilizing them for the purpose of which they are given. Bad debt is known as unrecoverable debts. The borrowers consistant inconsistency in response to demand for the repayment of loan and advance leaves much to be desired and make it extremely difficult for other intending borrowers.
In this it is first and fire most, is the financial disability which compelled me to restrict this volume due to high cost of stationers. More so, a lot of academic commitment which left me with little or no time with which to move ground for the relevant information.
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