Consolidation An Acquisition:A Financial Option To The Productivity Of Bank In Nigeria Economy (A Case Study Of Three Selected Banks In Owerri Imo State)

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Project and Seminar material for Accountancy

Project and Seminar material for Accountancy


Dedication


This project is dedicated to God almighty for his infinite mercy and protection. To my beloved parents Mr. / Mrs. ANYAOHA for their support both financially and otherwise through my programmes in the institution


Acknowledgement


My 80% gratitude goes immensely to God almighty for his infinite mercy in my life and for making me to realize this great dream which have actualized.

Kudos to my loving parents Prince Anthony Anyaoha and Mrs. Cenna Anyaoha for their parental care and financial support to make sure that I make it in life. I also acknowledge my beloved brother Mr Chuka Obioko and his sweet wife Mrs. Chioma Obioko, for their support and love towards me and my family.

I wish to say thanks a lot to my sister Chiamaka and I also to my late sister Mrs Ogechi, Uchendu, a very big thanks goes to my aunty Mrs. Loveline Anyakoha and many others for being there when I needed them most.

My profound gratitude goes to my {H.O.D} Mr.B.N Okezie for his greatness in the department.
Also to my honorable project supervisor Mr. Stephen Oparaugo who supervised and guided me throughout the writing of the project. I love you sir.


Abstract


Through financial intermediation, banks can facilitate capital formation and promote economic growth by operating in a save and sound manner. This means that bans are expected to ensure precedent management of assets and guarantee the safely of customer deposits/funds.For the conduction of this research, the researcher reviewed other related literatures necessary to prove data for the study from the related literature it was observed that consolidation and acquisition are used to maintain adequate and appropriate internal controls measure to prevent incidence of fraud, forgeries and other financial/ malpractice to ensure stability and engender public confidence in the financial system.

In this study, the researcher made use of questionnaire and data collected for the study were analyzed in tables using simple percentage method and hypothesis were tested by the use of Chi-square.
X2= (oi-ei) 2


Table Of Contents


  • Title Page
  • Approval Page
  • Dedication
  • Acknowledgement
  • Abstract
  • Table Of Content

Chapter One

  • 1.0 Introduction
  • 1.1 Background Of The Study
  • 1.2 Statement Of The Problem
  • 1.3 Objectives Of The Study
  • 1.4 Research Question
  • 1.5 Significance Of The Study
  • 1.6 Scope Of The Study
  • 1.7 Definition Of Terms

Chapter Two

  • 2.0 Literature Review
  • 2.1 Introduction

Chapter Three

  • 3.0 Research Design And Methodology
  • 3.1 Introduction
  • 3.2 Research Design
  • 3.3 Sources/Method Of Data Collection
  • 3.4 Population And Sample Size
  • 3.5 Sampling Techniques
  • 3.6 Validity And Reliability Of Measuring Instrument
  • 3.7 Method Of Data Analysis

Chapter Four

  • 4.0 Presentation and Analysis Of Data
  • 4.1 Introduction
  • 4.2 Presentation Of Data
  • 4.3 Analysis Of Data
  • 4.4 Interpretation Of Result
  • Questionnaire

Chapter Five

  • 5.0 Summary, Conclusion, Recommendation
  • 5.2 Summary Of The Finding
  • 5.3 Conclusion
  • 5.4 Recommendation
  • Reference
  • Appendix

Chapter One


1.0 Introduction

(According to Muru) In all human activities there are usually success and failure. Businesses, including banks are therefore no exception. In the period of loan as were experienced in the mid seventies thrived in an era of abundance and squander mamia. In such an era savings and investment are at their level-conditions favorable for banks to flourish and grow.

During this period also, banks do not think of means of survival and sustenance. They were all interested in building state of the art corporate entities to enhance their image and giving out loans indiscriminating without adequate realizable securities. On the other hand, when the lay daTa are over and down turns take over, the orders of the day as a result of macro-economic condition.

The situation as at now attained a dimension that can best be described as “cries level in the banking sector which became characterized by default in loan payment, dis saving and massive fraud at management level.


1.1 Background Of The Study

(According to Abraham) He says in all human activities, there is usually success and failure business including banks is therefore no exception. In period of loan as were experienced in the mid seventies thrived in an abundance and squander mania. In such an era savings and investments are at their peak level conditions favorable for bank to flourish and grow.

During this period also, banks do not think means survive and substance. They were all interested in building state of the art corporate edifies to enhance their image and giving out loans indiscriminately without adequate realizable securities.

On the other hand, when the lay days are over and down turns take over the orders the days arrive and banks failure become the order of the day as a result of adverse macro- economic conditions. The situation as at now attained a dimension that can best be described as “cries” level in the banking sector which became characterized by default in loan repayment,, dis-saving and massive fraud of management level.


1.2 Statement Of The Problem

Obviously every private and public enterprise in Nigeria have their accounting departments and there are increasing cases of financial mismanagement in usually all the public and private organization in Nigeria.

Also the problem of this study lies on how the manager of the enterprises are able to recognize the role of accounting in their sectors so that these case of improper accountability will be minimized.


1.3 Objective Of The Study

  1. The main aim of this project is to show consolidation and acquisition as a financial option to the productivity in Nigeria banks, consolidation and acquisition will help to increase the value of the combined banks
  2. Also enable the banks that lack general managerial ability to obtain it from other banks.
  3. The project shall highlight among others the following nature of consolidation and acquisition.

1.4 Research Question

  1. These questions are asked by research in order to find answer to the research problem. The questions are as follows.
  2. Is consolidation and acquisition in financial option to the productivity in banking industry in Nigeria economy.
  3. Can consolidation and acquisition increase the confidence Nigeria deposit have in Nigeria banks.
  4. Does consolidation and acquisition have any significant reduction in unsystematic risks after a business combination?
  5. Has consolation and acquisition achieve diversification of investment portfolio.

1.5 Significance Of The Study

  1. This study is of immense importance to the chief executive of banks, shareholders, employers and regulatory authorities, prospective investors in the financial sector and more.
  2. Especial the financial analysis and consultant
  3. The studies also help public especially the depositor to know the banks that are sound so as to understand distress.
  4. The investor in the industry will also know where to direct or re-direct their investment for optimum return on their investments.

1.6 Scope Of The Study

Since the consolidation and acquisition cause in Nigerian banking industries, the study will be limited to three of the acquisition

– Universal Trust Bank PLC by union bank of Nigeria Plc equity Nigeria banks limited by international bank Magnum Trust Bank by Guarantee Trust Bank on the consolidation part, this research will draw its data from bank consolidation in Nigeria.

– Platinum Bank of Nigeria by Habibi Bank of Nigeria, United Bank of African by Standard Trust Bank of Nigeria.


1.7 Limitation Of The Study

  1. Firstly some of the banks will not agree to disclose the strategies they used in their business may be because of the competitive nature of the business or fear of opposition.
  2. Secondly, the valuation method of the banks shares will differ from bank and in problems during negotiation between the interested banks.

1.8 Definition Of Terms

Merger:

It is the fusion of two or more existing companies to become one of the existing companies.

Acquisition:

It refers to the outright purchase of one company of a controlling interest in the share capital of another company.

Take- Over -Bid:

A take-over-bid is one whereby an offer is made to all the shareholders in any class of share, to buy share reasonable to gain fully or /partial control of the company.

Partial Merger:

It is a merger carried out for the purpose of pooling sales or orders or for sharing of net profit such consolidation are temporary


I bet you, the complete material is fully loaded. This is just an excerpt. The Material is in MS-Word Format which you can easily edit and is comprehensive for a complete research work for this topic


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How to nail it on the head during your project defence


You are through with writing that project. Now what?

You have found yourself at that point where you have to defend what you have written. Of course you have to stand in front of your supervisor and other literary personalities to prove that you know what you wrote in your project paper. Unfortunately, the more you think about it, the more it looks like you are about to face a legion. It is not a war. But the emotion of dread welling up inside of you makes it look like one. So now you are asking yourself questions.

  • How am I going to start?
  • I hope I will do well enough to get an A.

You really want to nail it, but you need to come to terms with exactly how to get everything in perfect control. Especially your emotions of fear that seem to make a wreck of you every time you think about public speaking.
So here is the deal. I want to help you avoid that feeling that would ruin your precious moment if you dare to let it. And we are going to do it together.

I am going to highlight some very important tips to help you get in control for you to be comfortable enough to move from that feeling of DREAD to CONFIDENT; and making an awesome Impression for that great rating your supervisors should be giving to you so freely.

Consider these tips as you prepare for your defence. We will be taking them one after the other so here we go.


Watch Your Body Language And Keep It Confident:

Can you tell that a person is falling apart if they look confident? … If I can second guess you rightly, am sure you answered no to that question. Remind yourself that you need to come out that way. Now this might seem like a huge big deal when you are dealing with the foreboding. Maintaining a poise of confidence is very important. So find your most comfortable position, sitting or standing and draw up your body. You must exude confidence. It is something you need to do for yourself. People can only see what you allow your body language to show. So you must endeavour to put that out. Remember the story of David and Goliath? … At the end of your defence day, you want to be David.


Dress In Your Most Comfortable And Impressive:

Am sure this one is a no brainer. However I must highlight that you choose comfortable pieces. You don’t want to look so good and yet look like you were forced to wear something that does not belong to you. It’s great to ensure that as impressive as your clothes are on you, that they are also very comfortable.


Speak With Authority:

Going hand to hand with that aura of confidence is your most powerful asset:your words. If you look that confident, your words must not come out like whimpers. To be able to pull this off, you definitely need to speak as deliberately as possible in expressing yourself. Let them also hear what they see.


Use, Your Gestures:

I have often found this to come to my rescue in dealing with shyness and conveying my confidence. Usually it gives you an edge to also drive home your point. You must, however, ensure that you do not over use it. It doesn’t mean that your hands should be flying all over the place. That would be absolutely unnecessary. If you do this well, after a while you will realize that you are not as self-conscious as you used to be at the very start. For most situations, it would have completely disappeared altogether; leaving a really confident you talking.


Have A Good Opening And Closing Line:

Make sure you have perfected a good opening line. You should also be armed with a good closing line too. Try and rehearse it to a friend. If for the first time you presented it, your friend does not say “wow, that’s beautiful” or something like that; just know you need to keep refining it until you get the perfect line. Both opening and closing lines will go a long way in how impressed your panel gets to rate you high.


Make Sure You Know Your Work:

Certainly you should understand how important it is to know your own work from start to finish. Not having in-depth knowledge of your own work is tantamount to a suicide mission. Why should you kill yourself?
When all is said and done, this is what you came to defend in the first place. You should know your work from A to Z.


Prepare For The Questions:

Now this part is truly essential. You must be sure you do not floor all the good work you did on your presentation by not answering correctly. You must pay attention to the questions you are asked to be sure you will give the right answer. Many people get it wrong at this stage and spoil their good presentation. When you do not understand any question do endeavour to ask the person to expatiate what they mean before you answer.


These tips are by no means exhaustive, but applying these tips will give you some necessary advantage you need for a great outcome. Of course that outcome would mean that you eventually earn all your points on this project.

SAMPHINA

SAMPHINA

Samuel Obiora Blessed is the CEO and founder of samphina.com.ng a.k.a Nigeria Students Media, the youngest engineering graduate of Federal Polytechnic Nekede in 2017 and the engine brain behind this great platform. He is the man behind the scene, filled with many potentials. A musician as well as a developer with the interest of Nigeria students at heart. If you need a professional website, contact him via WhatsApp or phone call @ 08143831497 to get the best.

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