Financial institutions is that sector of the economy providing the community with money balances and payment up of banks and sector of the economy is made up of banks and non-banks financial institutions like financial house, mortgage house and other institutions that provide financial services and intermediation to the various segment of the economy. In modern society, economic prosperity and progress depend largely on level of savings in the nation. It happens that some one’s savings is made available to an investor for productive venture like what happens in commercial banks. When this happens a debt is created. A debt which has been described as an obligation to made future payment. It is against the borrowers promise to made future payment. As a result of this the owners of these funds faces the risk of not getting their money in good time or losses it entirely when the custodian of these funds cannot mange then well hence debt management becomes a sing anon to guarantee the confidence of the individual depositor that his money is safe-debt management involves arrangement put in place for repayment of these credit facilities. In the same vain it also fulfill a wider role in safe guiding the stability of the individual bank and thus the banking system as a whole. At this juncture ,the researcher will mention that this work is based on the constrains in relation with debt tagged the problems of management in Nigeria financial institution (A case study of union bank Plc Garden Avenue Enugu). Recently, the banking sector undergo a traumatic experience whereby some banks were judged distressed, this however was a direct manifestation of improper debt management.