The Role Of Commercial Banks In The Face Of A Depressed Economy; (a Case Study Of First Bank Of Nigeria Plc)

ABSTRACT Section 2 of the Bills of Exchange Act 1882 provides that “In this Act, unless the context otherwise requires ‘bankers’ includes a body of person, whether incorporated or not, who carry on the business of bankingâ€. Business of banking according to Hillsburgh’s law of England, ‘is the receipt of money on current or deposit account and the payment of cheques drawn by and the collection of cheues paid in by a customer. The nature and role of bank in the financial intermediation portray the institution a very vulnerable.  The primary sources of banks funds are deposits form oth…