Banking Lending Policies And Recovery Procedure In Nigeria

BACKGROUND OF THE STUDY  Lending is the backbone of banking activities, it generally provides the larger part of a banks profits. Thus bank have lending policies to establish the direction ad use of funds from stock holders, depositions and creditors to control the composition and size of the loan part folio, an to determine the general circumstance under which it is appropriate to make an advance. The most important purpose of an empiricist lending policy is to provide guidance for the lending officers and thereby establish prudence for the lending officer in credit appraisal so that the ris…