AN ASSESSMENT OF BANK INSPECTION AND ENFORCMENT OF BANKING REGULATION IN ZENITH BANK, UBA OR FBN ETC

Background of the study: In a banking environment that is becoming increasingly competitive, which is characterized by frequent changes in the regulatory environment, high cost of operations, dim misting spreads on profit from business as a result of sharp practices and the restriction imposed by unstable political and economic climates, dim misting spreads on profit from business as a result of sharp practices and the restriction imposed by unstable political and economic climates. It is essential that those responsible have the ability to spot inconsistencies and keep an eye out for disparities before the bank is forced to bear additional financial burdens (Nicolas , 2022).

The significance of the prior focus is shown by the fact that, in the financial industry, the quality of the employees working for a bank is one of the most important factors that differentiates one institution from another. the degree to which activities are efficient and an effective internal control system is implemented. The efficacy and efficiency of the banks inspector policy system and process is the system that will allow for the accomplishment of these overarching goals (Carpenter, 2022). It is a well-known fact that reliable inspection system services serve as the basis for guaranteeing that the assets of the bank are appropriately secured in order to support the aggressive business strategies of the banks. Therefore, it is essential that banks, as a matter of deliberation policy, should continually obtain information about the inspection policy, system, and pattern in the industry so as to ensure that availability of a verifiable and consistent basis if assessing the maximum utilization of shareholders finds and of its internal control and monitoring mechanism. This is essential because it allows the banks to ensure that they have the ability to ensure that availability.

STATEMENT OF THE PROBLEM

It has been observed that some banks are by for performing better than others and these performing banks are mostly those with a sound inspection division. Bank inspection as a banking career has over the years been regarded as the most volatile aspect of responsibilities despite certain contradictory view of inspections, staffs who are other been looked upon as the police of the bank as well as those that flock into the abyss of a death and isolated from the existing bank customers international relationship.

On the other, the dilemma on the part of the branch staff being inspected. They see inspection staff as enemies of progress whose objectives are to checkmate their career growth and also sees work by magic work and unwritten rules rented in enclosure knowledge.

This research is carried out to debone those fears assumption and wrongly held views and in particular to real the truth of the subject to other researchers, scholar bankers and banks as a whole.