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Insider Dealings and The Problems of Business Ethics in the Banking Industry in Nigeria

Adegboye, F.B. (2009) Insider Dealings and The Problems of Business Ethics in the Banking Industry in Nigeria. Nigerian Sociological Review, 4 (1 & 2). pp. 201-216. ISSN 1596-6151

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Abstract

Professionalism in banking is violated when ethical or legal fundamentals are breached or blatantly disregarded. Ethics is a strong code of morality, which for an occupation such as banking, plays an important role in the well being of individuals, businesses, national and international economies. Unethical conduct manifests itself in various ways, including insider abuse, fraudulent dealings; irregularity/inaccuracy in rendition of reports, these are problems bordering on business ethics as evident in the Nigerian banking crisis. A multiple regression analysis was used and from the summary of the finding, we can infer that the consequences of insider dealing and problem of business ethics can be disastrous and could result in loss of confidence and trust in the industry, loss of business for the institutions, shareholders, board/management disputes, operational losses, distress of the sector, and liquidation of institutions, capital flight, and stagnation of the economy.

Item Type: Article
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HJ Public Finance
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 13 May 2014 10:09
Last Modified: 14 Sep 2015 13:13
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/2608

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