Year : 2019, Volume : 7, Issue : 1
First page : ( 77) Last page : ( 86)
Online ISSN : 2321-1784. Published online : 2019 January 1.

Impact of The Post- Consolidation Challenges of Some Seleted Banks in The Nigerian Banking Sector

Kawugana Alhaji^1,*, Faruna Faruna Simon^2,**

¹Federal Polytechnic, P.M.B 0231 Bauchi, Bauchi State

²First Bank of Nigeria PLC

* Alhajikawugana@gmail.com

** Sfaruna@gmail.com

Abstract

Resulting from consolidation there is a loss of investment by shareholders either in value or numbers that leads to unemployment consequent upon that the study evaluated the effect of these challenges on shareholders, employee and customer. A survey method was used where staff and customers of two banks in banks in Bauchi metropolis were served 89 questionnaires. It was discovered that banker-customer relationship has been adversely affected after consolidation and re-integration of procedure and information technologies facilities. The challenges of banks consolidation that emanated from the study are enormous especially as it affects the stakeholders of the bank –shareholders, employees and customers and it include delay in uniformity of remuneration packages of staff, shares revaluation and integration of procedures and information technology. The research will enable the management of the banks or those who want to invest in banking industry to decide whether to invest or not, employees should be regularly trained to be competent, uniform remuneration packages for staff immediately after consolidation

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Keywords

Consolidation, Shareholders, Employees, Customer, Banks, Remuneration.

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