THE PROBLEMS OF BANKINGS HABITS OF THE RURAL COMMUNITIES IN NIGERIA.

 

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ABSTRACT

This research work is intended to do analysis of rural banking habits f the rural communities of the Nigeria and to analyze the various problems militating against the successful implementation of the rural banking awareness from the central bank annual report and statement of account 1999. Survey conducted it was revealed that the country is under banked.
In this work, some plausible recommendations that will assist the monetary authorities in fashionry out practicable and attractive incentives for the banking ensuring the achievement of the objectives of the programmed will be made.
The third chapter of this shows the research design and methodology.
The chapter four of this talks about the summary of findings of this topics
Finally, chapter five comprises of conclusion and recommendation of this topic and the bibliography. I hope that this project will be of benefit to the problems of banking habits of the rural communities in Nigeria.

TABLE OF CONTENTS

Title page
Approval page
Dedication
Acknowledgement
Abstract
Table of contents

1.0 CHAPTER ONE
1.1 Introduction
1.2 Incentives use for the programme
1.3 Their statement of the problem
1.4 Objectives of the study
1.5 Significance of the study
1.6 Scope of and Limitation
1.7 Definition of Terms.
1.8 Reference.
CHAPTER TWO
2.1 The need for community banking
Reference

CHAPTER THREE
3.1 Source of data collection
3.2 Secondary method of data collection
3.3 Location of data
3.4 Method of data analysis.
Reference

CHAPTER FOUR
4.1 Summary of findings
Reference.

CHAPTER FIVE
5.1 Conclusion and Recommendation
Reference
Bibliography.

CHAPTER ONE

1.1 INTRODUCTION:
Since July 1997 which marked the official beginning of the rural banking programme for commercial banks, the economy of Nigeria has gone, through several changes each government continued policies it considered relevant banks have in recent times been confronted with challenges and they have called for introduction of one reform or directives so as to put it with our present economic realities. This role is about what should be the proper function of banks in the transformation of Nigeria alien economy. It is n this regard that the rural banking programe of commercial banks came as measure that will ensure effective grass root mobilization this resulted in settling up the Okigbo financial system review committee in 1976. This most important recommendations of the committee excepted by government include:
1) That banks should actively facilitate the transformation of the rural environment by promoting the rapid expansion of banking habits by the rural communities or committees. They will provide saving deposit facilities for their customers and there by help to mobilize rural funds outside the banking system. This served as a revenue for creation of credit in rural areas which will be in the form of equity and loan for small scale farmers, co-operative societies and entrepreneurs.
2) That bank lending policy in the past been in favour of short term lending, that they should allow the medium and long tern lending so as to give the long time instrument enough time to mature.
3) That banks should identify with national objectives. They maintained that decision making of banking should be localized.
4) That banks should be base a significant portion of their profit to improve the quality they offer.
The most striking of these recommendation was on the view
that rural banking programme of commercial bank should be established and that banks should allocate specific loan port-folio to their rural bank customers.
The rural banking programme of commercial bank was introduced with objectives and incentives.
1) The development of banking habits among rural dwellers.
2) To curb the excesses in crude banking practice such practice expose money to termites and render central bank monetary policy effective.
3) To provide an institutional agency to mobilize rural fund.
4) To improve agricultural production and the growth of allied industries by extending necessary credit to those sectors whose sources of credit to emanates from the local money lenders.
5) Diversification of rural economy in particular and the National economy in general.
6) Others include the pegging the rural-urban migration with the hope of reducing urban unemployment.

1.2 INCENTIVE USE FOR THE PROGRAMME.
To ensure its smooth take off some incentive were outlined to innovated banks. The incentives are:
a) Waving the requirement for feasibility report as a pure requisite for the establishment of a rural branch.
b) Allowing the banks the monopoly of providing banking services in their allocated centres for a period of two years starting from the day of opening.
c) Allowing banks to write-off the capital cost of erecting office banks and staff quarters with in a period of three years.
d) Exclusion of loans and advanced granted during the first two years to existence in the complication of:-
(i) Growth rates of loan and advances.
(ii) Ration of adjusted capital to loans and advances.
Infacts, as at 1989 monetary policy guideline the rural banks
were recruited to grant a minimum of 45% deposited taken from rural centres as loan to such centres. The first community was established in 1989 by Ibrahim Babangida.

1.3 THE STATEMENT OF PROBLEMS.
The essence of this study is to identify such key variable both endogenous and exogenous that affects that effective development of banking habit in Nigeria. The basic problem is inadequacy of infrastructural facilities in the rural communities.
Savings and investment moves in the same direction current investment is a function of accumulated savings rather, the death or our

THE ROLE OF COMMERCIAL BANKS IN FINANCIAL SMALL SCALE BUSINESS ENTERPRISES IN NIGERIA ECONOMY

 

 

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ABSTRACT
This research study is focused on the role of commercial banks in financing small – scale business enterprises in Nigeria economy. Some problems which encountered by small –scale enterprises was identify which include difficulties in obtaining fund from commercial banks and also to determine the extents to which also commercial banks have help in financing small –scale enterprise. Thus it also specified the objectives for the study, the significance, and the limitation.
In view of this, an in –depth literature review on textbooks, journals, useful writer-ups was carried out. This was done not only to get a wider view of the problem under but also get a conceptional understanding of the study.
Further more, data were sourced to analyze the data collected while the sample and sampling method was formulated.
The following conclusion was made that our banks should adopt a more development approach to the financing of the small –scale industries. After that my recommendations were. Technical and managerial assistance, rural banking, saving scheme insurance scheme, should be provided to small-scale business enterprises in Nigeria economy.
1.1 BACKGROUND OF THE STUDY
1.2 STATEMENT OF THE PROBLEM
1.3 PURPOSE / OBJECTIVE OF THE STUDY
1.4 SIGNIFICANT OF THE STUDY
1.5 LIMITATION OF THE STUDY
1.6 DEFINITION OF TERMS
CHAPTER TWO
LITERATURE REVIEW
2.1 INTRODUCTION
2.2 GOVERNMENT POLICY
2.3 PROJECTIONS AND PROMOTION
2.4 SUPPORT SYSTEM
2.5 FINANCING
2.6 PROBLEMS FACING THE SMALL –SCALE INDUSTRIALISTS
CHAPTER THREE
3.1 METHODOLOGY OF THE STUDY
3.2. SOURCES OF DATA
3.3. LOCATION OF DATA
CHAPTER FOUR
4.1. FINDINGS
CHAPTER FIVE
5.1 CONCLUSION
5.2. RECOMMENDATION
BIBLIOGRAPHY.

CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY.

In the role of commercial banks in financing small –scale enterprises in Nigeria economy, there has not been a lot of work but the available few have given an in –depth up to date study of its operation.
In Nigeria economy, attention has been drawn to the fact that small –scale enterprises have received very little attention where as they provide employment for approximately triple the number engaged in large scale enterprises as well as playing their roles of crucial importance to our developing economy. This is why it is important to reconsider the problem hindering the growing of small-scale business enterprises in Nigeria economy. Numerous opinions and comment ion on the role bank should play in financing and advising the small –scale enterprises since the federal government shift its policy with greater emphasis towards small- scale business in achievement of self- reliance.
Unfortunately, some of the opinion have tended to observe the long ending relationship which the bank has enjoying with the small scale business community and some misconception have arise, perhaps, here is need to clarity some of the misconception. In Nigeria, some small –scale business enterprises constitute over 70 percent of all registered companies they are considered to have specified importance of the economic development of the country for a number of reasons. This enterprise provides the opportunity for employment on large scale and therefore makes the possibility of equal table distribution of national income more realistic. The relatively low cost this in a labour abundance economy like Nigeria and in the present economic down turn, they are even more relevant in the mobilization of capital and human resource that would otherwise be left idle.
1.2 STATEMENT OF PROBLEM
Inspire of the fact that various forms of assistance have been designed by the D.B.N. to promote the development of small –scale enterprises, there are indication that small- scale enterprise, are still of discriminated against by financial institution, because of high risk associated in financing them.
They preferred financing large scale financing are very risky than small scale financing. Though the central bank has made it compulsory for bank to invest 10 percent of its profit after tax to small –scale enterprises, there are complains that the interest rate charge on the loan is high. Many small-scale investors who want to get money from commercial bank unable and difficult to get, it is also to determine the extent to which commercial banks have helped in financing small –scale enterprises. It will examine how commercial banks in Nigeria assist the government to

the problems of personal income tax management

 

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08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

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ABSTRACT

This topic is all about the problems of personnel income tax management. The concept of paying tax in Nigeria is sometimes constitute a problem to the individual tax payer because it is a compulsory payment leviued by the government on individual. This project tend to examined those problem of personnel income tax management studies researchers will finds is this project a vital information that could be pass out as a solution to the impending problem.

 

 

 

 

 

 

 

TABLE OF CONTENTS

Title page

Approval page

Dedication

Acknowledgement

Abstract

Table of content

CHAPTER ONE

• General introduction
• Background of the study
• Statement of problem
• Objective of the study
• Significant of the study
• Scope and limitation of the study
• Definition of the terms

 

CHAPTER TWO

• Review of related literature
• The concept of taxation
• The meaning and rational of personal income tax
• Effects of personal income tax on individual tax payers
• Relief’s rates. All owances and assessment and administration
• Problems of personal income tax management

 

CHAPTER THREE

Research design and methodology

• Sources of data
• Secondary sources
• Location of data
• Methods of data collection

 

CHAPTER FOUR

• Summary of findings

 

CHAPTER FIVE

• Recommendations
• Man power problem
• Establishment of revenue corps
• Educating the tax payer.

 

 

CHAPTER ONE

1.1     GENERAL INTRODUCTION

Income tax was first introduced in Nigeria by late lord laggard in the year 1904. However, the Nigerian income tax is the modern form of tax staring from 1940, although there was a simplified type of tax dating back to 1927.

The direct taxation ordinance of 1940 was to levy tax on income of Africans. The administrative officers were unscientific and without any form of uniformity as well as discriminatory in their tax assessment.

The recommendation by bailsmen fiscal commission of 1958 taxing income of individuals was embodied in section 70 of the 1960 Nigerian constitution and income tax management act (ITMA).

The provision of the act which deals with the fundamental income tax principles applicable to the whole country relates to.

1. The basis for computing income of individuals
2. The determination of residence

iii.      The treatment of providence funds

1. The capital allowances for the assets used in producing income
2. The treatment of losses incurred in a trade business profession or vocation
3. The allowable and disallowable expenses for income tax purpose.

Vii.    The incomes which are exempted from tax.

 

1.2     BACKGROUND OF THE STUDY

In every country there are some certain service which the government must provide citizens to the country because of its good nature. The services are indispensable in life that individual or corporate bodies are not allowed to provide them or even if, they do, they may not allowed to monopolized the supplies or the p5roduction. Government does this to ensure that the supply of such goods and services involves a large amount of money and expenses. How does government of a country get such amount of money to finance the supply of such important goods and services to the citizen?

For the economic balance to be maintained in an economy. Government must find a way of financing her activities. One of his sources of income of this type is through tax. This can be in form of personal income tax.

 

1.3     STATEMENT OF THE PROBLEM

Taxation in every sense is a tool of economic reformation, governments the world over have always found ways of imposing various taxes on their subjects with view to raison revenue for its expenditure and of which personal income tax is one of such major source.

Taxation, therefore, constitutes a veritable instrument of shaping and directing economic activities.

However, these objectives are not always being achieved due to some certain set backs traced to the management of personal income tax some of the set banks are as follows

1. Low level of literary resulting to inability of keeping records of transactions.

ii.       Problem of identification of the tax

 

An EXAMINATION OF THE SOURCE AND USES OF LOCAL GOVERNMENT FUND IN NIGERIA (2000-2004) (A CASE STUDY OF EZEAGU CENTRAL LOCAL GOVERNMENT DEVELOPMENT COUNCIL).

 

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ABSTRACT
Local government is that level of government nearest to the people. It is said to be corner stone of the government system in any country.

The federal government believes that it is only through an effective local government system that the human and material resources of the nation could be mobilized for local government with its objectives is aimed at standard and stabilizing the function and financial resources at the local government level and to encourage initiatives and leadership potential.
The basic procedure of local government is revenue mobilization and its effective utilization especially more that there is no comprehensive study on sources and uses of funds in the local government.

The current trends of inefficiency and ineffectiveness of the local authorities should be considered with the frame work of available resources.

If the financial resources of the local of the local government are boughant and viable than this will go a long way in communicating strength and solidity to offer superstructure of government authorities.

There are no discipline on the part of the leadership, management and staff of the local government in collecting revenue efficiently and also try to put them into effective use.

In the tight of the above, the researcher major objectives as regards this research work was to identity those source of finance available to local government, their uses and problem associated with their finance in Nigeria using Ezeagu central Local government development Council ad my case study.

The problem associated with sources, uses of local government finance was critically examine in this project.

In handling the above research work primary and secondary data was used. The sources of primary data was by the use of questionnaires and oral interviews, while the secondary data sources are text books.

The analysis of data was based on percentages. It is on the strength of the finding that recommendation and conclusion was made.

TABLE OF CONTENTS
TITLE PAGE
APPROVAL PAGE
DEDICAATION
ACKNOWLEDGEMENT
ABSTRACT
TABLE OF CONTENTS

CHAPTER ONE
1.1 BACK GROUND OF THE STUDY
1.2 STATEMENT OF PROBLEM
1.3 OBJECTIVE OF THE STUDY
1.4 RESEARCH QUESTIONS
1.5 STATEMENT OF HYPOTHESIS
1.6 SIGIFICANCE OF THE STUDY
1.7 DEFINITION OF TERMS

CHAPTER TWO
REVIEW OF RELATED LITERATURE
2.1 THE MEANING OF LOCAL GOVERNMENT
2.2 FUNCTIONS OF LOCAL GOVERNMENT
2.3 SOURCES OF REVENUE AVALIABLE TO LOCAL GOVERNMENT AUTHORITIES
2.3.1 EXTERNAL ATTRIBUTES OF LOCAL LGOVERNMENT FINANCE
2.4 THE IMPORTANCE/USES OF REVENUE GENERATED BY LOCAL GOVERNMENT
2.5 PROBLEMS OF LOCAL GOVRNMENT FINANCE APPROACHES OF THE IMPROVEMENT OF LOCAL GOVERNMENT FINANCE.
CHAPTER THREE
3 RESEARCH SESIGN AND METHOD ————————————
3.1 SOURCE OF DATA ———————————————————
3.1.1 PRIMARY DATA ————————————————————
3.1.2 SECONDARY DATA ——————————————————–
3.2 POPULATION OF STUDY ————————————————-
3.2 INSTRUMENTATION ——————————————————-
3.4 SAMPLE SIZE —————————————————————–
3.5 VALIDITY AND RELIABILITY OF THE MEAUSRING INSRUMENT —————————————————————–
3.6 SAMPLING TECHNIQUES

CHAPTER FOUR
4.0 PRESENTATION OF DATA ————————————————
41 INTERPRETATION AND ANYALYSIS OF DATA ——————-
4.2 TESTING OF HYPOTHESIS ———————————————–

CHAPTER FIVE
FINDINGS, RECOMMENDATION AND CONCLUSION.

An examination of the sources and uses of local government fund in Nigeria
(200 – 2004). A case study of Ezeagu Central Local Government Development council).

CHAPTER ONE

INTRODUCTION

1.1     BACK GROUND OF THE STUDY

The term Local government has been defined by many scholars with different view as regards its development. W.A. Robinson (2000) states that ‘Local government’ involves the conception of territorial non-sovereign community processing the legal right and the necessary organization to regulate right of its own affairs. This I turn presupposed the control, Vis-à-vis participation in state affairs.

According to U.N. Akpan (1999), out of various possible conceptions of the local level development, two have been particularly dominants in Nigeria since the colonial time. The first was christened the indirect rule system and is infact no other than a field administration model.

Gboyega Alex (1998), state that nation wide ordinance establishing the model first in the Northern provinces and later in the southern provinces was promulgated by the colonial government in 1916, two year after the analyation of the Northern and Southern protectorates Indirect rule was actually the rule by the British colonial officials through local chiefs in terms of its philosophy and practice, the emphasis of their model was the colonial regulation of conquered people and so did not encourage popular participation and representation in the native authorities. It was therefore, strictly different from the pre colonial structure of Government which emphasis balance of power and popular participation. Indirect rule distorted these pre-colonial institutions. The model was also not human development although it led to the beginning of a net work of infrastructures of roads, schools and dispensaries, through with the collaboration of native authorities, the colonial central government and missionaries.

 

Local Government has sources of revenue of their own such as community taxes and rates, Licenses and fees, earnings and sales, Federal and state statutory allocation etc. After the Second World War, the political development between Nigeria and /Britain led to the abolition of the indirect rule system and its replacement which emphasized full grown local government which was effuient particularly and relatively autonomous. The eastern region was the fist to embark on the experiment on 1950 while the other regions followed in 1952. A few years after wards precisely in 1976, the federal military government announced the reforms of the nations local announced the reforms of the nations local government system. Essentially, the reform resuscitated the idea of participatory and autonomous government which have access to resources both internally and externally to improve the social the economic of the various communities. The question as to why there was this sudden change of direction from at the earlier emphasis on local rules through traditional rules and bureaucrat was carefully examined. The request for autonomy becomes administration particularly since 1970’s. The anticipation of the autonomy came through the 1976 reforms. Actually 1979 constitution made the anticipated a reality, thus the period between 1976 to 1979 can be defined as the period when the idea of local government in Nigeria came to include autonomy for the level of government.

However, the autonomy expectedly remained circumscribed because of control Viz; financial, administration, judiciary, auditory and even miscellaneous which the various state governments exericed in local governments exericed in local government. The most prominent control is on rinace which affects local government development.

The term “finance” encompases personal finance, business finance, business finance and public finance.

 

According to mautia joy (2001) finance was defined as the art of providing the means of payment or as a body of facts, principles and theories dealing with the raising and using of finds by individual, business, firms and the government. Our interest in this project lies in the problems of rising and using of funds by the local government will emphasis of Ezeagu Central Local government development council.

 

Thus, a Uniform system of local government through the guidelines for the local government went on to identify the executive functions of local government.

According 1999 constitution section 7 sub section 1 (b) (e) (j) (i) (vi) of Nigeria constitution states various ways the local government can source its funds, although these ways has remained grossly in adequate for maintaining capital and recurrent council. Lack of adequate finance and subvention has been of the defects responsible for the indecency.

 

Until the revenue allocation act was biplated and received in 2002 by the revenue allocation fiscal commission, at he federal government has operated a system of block grants and subventions to local government througfh state government. Since the money coming from the federal account to the joint state and Local government did not directly.

3. Is there and financial authority of the local governmen

THE IMPACT OF COMMUNITY BANKS IN ECONOMIC GROWTH AND DEVELOPMENT OF NIGERIA
(A CASE STUDY OF NDI-AFIA COMMUNITY BANK IN ENUGU-URBAN 2000-2004).

 

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Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
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Note:  We accept bank transfer, ATM cash transfer , Online payment using your ATM , Western union bank transfer.  We will respond to you anytime of the day. 

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form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

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08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

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ABSTRACT

Not, every Nigerian knew exactly the paramount impact of Community Banks to our dear nation and to economic growth and development of our father land Nigeria. Most of the time, it sounds aloof and appears trivial to the ignorant and the unconcerned. We just hear about this bank without really care how to set it up or even support it.
However, Community Banks established in Nigeria to help remedy the problem of lack of development that has been facing Nigeria since after World war II in some areas of the country.
The fundamental concepts of a Community bank is of self-sustaining financial institution owned and managed by community or a group of communities for the purpose of providing credit deposit, banking and other financial services to its members, largely on the basis of their self-recognition and credit worthiness.
This research, work has five chapters. The first chapter of this document contains a general discussion ie introduction of the topic of scrutinizes Community Banking. It want further to state the background of the study, statement of problems, objectives of the study, statement of hypothesis, scope and limitations of the study, finally the definition of terms.
A number of past related literature were vividly reviewed in chapter two for the purpose of effective and comprehensive study in other words, highlighted the objectives and functions of Community Banks vice-versa.
Chapter three deals with the research design and methodology, method of research design, sources of data, selection of population, sample and sampling techniques. It also deals with method of data presentation and analysis.
The data got from research survey were analyzed and interpreted in chapter four.
Finally, the fifth chapter made by the researcher saw to the summary of findings, recommendation and conclusion.
The major findings of the study is that Ndiafia Community Banks been the case study of this research work could be rited as fair and good as regards its roles in her services and this is obviously manifested by their performance since the bank was open.

CHAPTER ONE
1.0 Introduction 1
1.1 Background of the study 1
1.2 Statement of the Problem 3
1.3 Purpose/objective of the study 5
1.4 Research Questions 6
1.5 Research Hypothesis 7
1.6 Significance of the study 9
1.7 Scope and Limitation of the study 10
1.8 Definitions of terms 11
Reference 12
CHAPTER TWO
2.0 Review of Related Literature 13
2.1 Origin of community Banks 13
2.2 Nature and Scope of Community Banks 16
2.3 Concept of Community Banks 18
2.4 Objectives of Community Banks 20
2.5 Functions of Community Banks 21
2.6 Ownership Structure of Community Banks 22
2.7 Functions of National Board for Community Banks 23
2.8 Central Bank of Nigeria Control measures
to Community Banks 25
2.9 Community Bank and the National financial institutions 26
2.10 Community Bank and Local Economic Development 27
2.11 Problems confronting Community Banks 33
References 36
CHAPTER THREE
3.0 Research Design and Methodology 38
3.1 Research Design 38
3.2 Sources of Data 38
3.3 Population 40
3.4 Sample and sampling Techniques 40
3.5 Method of Data Analysis 41
References 43
CHAPTER FOUR
Data presentation and Analysis Interpretation 44
4.1 Analysis by percentage Distribution 44

CHAPTER FIVE
Summary of Findings, Recommendation and Conclusion 64
5.1 Findings 64
5.2 Recommendation 66
5.3 Conclusion 68
Bibliography 70

CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND OF THE STUDY
In Nigeria and in other developing countries alike the problem of credit extension to the rural dwellers (who usually dominate the population) and cannot afford the much sough collateral being demanded by conventional financial institutions has been such a persistent Nigeria case, that government after government have been making persistent efforts to remedy the situation. The financial needs of these rural dwellers pose a double problem in that part from the risk inherent in such credit in extension, it is not case effective because of the large number of accounts involved with little amounts. Also the inability of those group to have access to credits compounds the vicious circle of poverty in the economic system (Ugwuoke K. 2000 p.21).
However, the development of these rural areas where majority of the population dwell happens to be bed rock of the economy. The establishment of Community Bank was done in order to strengthen its programmes of grassroots economic development (YOKUBU M.O. 2000 p. 36)
The fundamental, concept in the establishment and operation of Community banking system is that of a self sustaining financial institutions, owed and managed by a community or a group of communities for the purposes of providing credit, deposit, banking and other financial services within the area to its members largely on the basis of their self recognition and credit worthiness. It is in contradiction to the near total reliance as the basis for giving credit, it was designed to ensure that bank Community or group of communities may establish bank for the purposes of promoting rural development improving the economic status of small-scale producers both in the rural and urban area enhancing the rapid development of productive activities especially in the rural areas to support desirable and sustainable rural economic growth in the Nigeria Banks that are licensed under persons various types of deposits including savings, time and target deposit issue for the purpose of raising funds, redeemable debentures to interested parties.
In the same vein the Community banking took off in 1990. when president on power ( C in C General Ibrahim Babangidi) in his annual budget speech announced that the Community Banking system would be introduced into the Nigerian Financial system. The Community bank implementation committee (CBIC) which established for general supervisions, promotion, monitoring and development of the Community Bank act under the control of (NBCB) National Board for Community Banks and (CBN) Central Bank of Nigeria (Ukamenam C. O. 2001 p. 9).

1.2 STATEMENT OF THE PROBLEM
a. The major problems which Community banks faces is how harness those abundant resources for the development of the rural areas, bearing in mind that those resources are minutely held by the vast population of the rural dwellers.
b. The banking sector as the prime mover of the nations economic life is seen as the most viable sector to make this dream a this dream a reality, but then given the Nigerian situated especially (Enugu Urban) with vast area of land and how income base, the task before community banks are quite enormous with the problem of ignorance and illiteracy of the majority of people whom the bank are dealing with and also the problem of infrastructure facilities.
c. Another most delicate problem is that the depositors in community banks do not have their deposits as is obtainable in Commercial and Merchant Banks.
d. In addition, the current distress syndrome have eaten deep into the co