APPRAISAL OF THE STRATEGIC MANAGEMENT PRACTICES IN NIGERIAN BANKING ORGANIZATIONS: SELECTED STUDIES

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 banks’ management/directors in Nigeria;
discover the level of efficiency 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unpublished materials, Journals and relevant articles in banking and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

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