While granting of loan is been described as the ‘”Power Point” in banks; the battle with the non-performing loans (debts) remains one of the most serious issues in banking sector across the globe, particularly in developing countries like Nigeria. Despite the strict considerations of cannon of lending applied in loan appraisal of customers, there is still no single bank that is not confronted with non-smooth repayment of loans. Non compliance with the terms and conditions of loans by borrowers is what is leading to the huge portfolio at risk (PAR).
However, sequel to the big effects of debt on bank in particular, the researcher makes effort to carry out research on debt recovery procedures and strategies in commercial banks in Nigeria, using United Bank for Africa (UBA) Plc, Ekpoma, as a case study.
The research will contain five chapters. The chapter one contains the introductory part, which consist of; background of study, statement of the research problems, research questions, objectives of the study and significance of the study. The chapter two contains the detailed literature review of the research topic. The chapter three comprises of methodologies. Chapter four consist of methods of data collection and analysis of data gathered and finally chapter five embodies the summary, findings, conclusion and recommendations.
1.1 Introduction
In this section, Debt Recovery Procedures and Strategies in Commercial Banks in Nigeria is discussed, with relevant and recent citations. As a prelude to other parts of this study, this chapter will discuss the background upon which this study was initiated, the statement of problems that led to this study, the aim and objectives of the study. Others are significance of the study, scope of work, research hypothesis and questions, limitation of the study and definition of terms.