Abstract:
In this study, we undertook a critical appraisal of the strategic management practices of selected old and new generation banks in Nigeria. It is motivated by the problem of high rate of bank distresses and failures in the economy. The objectives therefore were to ascertain the level of corporate accountability, honesty and integrity exhibited by bank management/directors in Nigeria;discover: the level of effciency in the strategic management of human, financial and material resources in Nigerian banks; find out the level of compliance to banking ethics and professionalism that exist in Nigerian banks. For the research methodology, we.adopted opinion survey techniques, where primary data for the study came mainly through questionnaires and personal interviews were conducted where appropriate, while the secondary data were obtained from unpublished materials, Journals and relevant articles in banking and trade newsletters/in-house journals. The data were analysed through Chi-Square statistical techniques.
At the end of the analysis, the results showed that there is a low level of corporate accountability, honesty and integrity by banks management/directors in Nigeria. There is also a low level of efficiency in the strategic management of financial, human resources and assets by Nigerian banks, and low level of compliance to banking ethics and professionalism by Nigerian banks staff and management.
