CHAPTER ONE
1.1 INTRODUCTION
The role of banking sector in a develop economy such as ours can not be over emphasized. Banking sector forms the life wire of economic growth of any nation. According to recent publication by an international magazine banking sector contributed about 55% of the total economic development of Nigeria. Also the development of small and medium scale enterprise cannot be ruled out in this huge success curtained by the banking indicatory.
1.2 BACKGROUND OF THE STUDY
The banking sector in Enugu metropolis comprises the central commercial merchant and development banks etc. also inclusive are the community banks which were introduced the feel govt budget of 1990. The origin of banking sector dated back to the early 18th century even through its definition was given in the later part of the 60s and thus definition has to do with the business of receiving movies from outside sources as deposit with the agreed interstate granting of deposit with the agreed interstate granting of loans and acceptance of credits or the purchase of loans and checks or the purchase and sales of securities for accounts of others or the uncurling of the obligations to acquire claims in respect of loans prior to their maturity or the assumption of guarantor and other warrantees for others or the effecting of transfers and clearing and such other transaction as the commission may on recommendation of the central bank by order published the federal gazelle designated as banking business. The central bank of Nigeria which is government charged with the responsibility of closely monitoring and regulation of the activities of other banks to ensure that they render service to their customer in a manners that is consistent with government stipulated rules and financial policies.
