The Current Ethical Challenges in the Nigerian Commercial Banking Sector

ayozie Daniel

Authors

ayozie Daniel

Keywords:

APCON (advertising practitioners council of nigeria), balance sheet, BOFIA act, CIBN (chartered institute of bankers o, Commercial bank, engineering, Ethics, poaching, round training, unethical activities

Abstract

Ethics and morals are seen as personal view points. No minding the viewpoint, south ethical and moral values are very relevant in the banking industry. Ethics consist of certain rules and standards of conduct recognised as binding in a professional body, association or organisation, which is binding in the members. This paper discusses the relevant functions of commercial banks, and the ethical challenges in the performance of these functions. It evaluates the current ethical challenges in the banking industry, discusses the roles various regulatory agencies, have to play, in the adherence to ethical values, and advances solutions that will combat the aforementioned ethical and unethical challenges for the commercial banks to survive, ethical and moral values must be respected and adhered to, and sanctions meted out to erring individuals, that disobey the rules. This paper is descriptive in nature as it examines, the ethical issues, challenges and recommendations involved in ethical practices by commercial bankers in Nigeria. It proffers far reaching solutions to these ethical/unprofessional challenges in the commercial banking sector in Nigeria.

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How to Cite

The Current Ethical Challenges in the Nigerian Commercial Banking Sector. (2013). Global Journal of Management and Business Research, 13(29), 35-50. https://journalofbusiness.org/index.php/GJMBR/article/view/

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Author Biography

ayozie Daniel

Ayozie Daniel Ogechukwu is a Nigerian academic and researcher specializing in marketing, with a particular focus on relationship marketing strategies for Small and Medium Enterprises (SMEs) in Nigeria. He is affiliated with the Department of Marketing at The Federal Polytechnic Ilaro, Ogun State, and has also been associated with Delta State University. His published works explore the effective use of relationship marketing for customer satisfaction and retention, the marketing interface of SMEs, and ethical challenges in the Nigerian commercial banking sector. With 7 publications and 34 citations, his research has contributed to understanding marketing practices in the Nigerian context. He holds an h-index of 2 and an i10-index of 2, reflecting the impact of his scholarly contributions.

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