Author:
,AKINDIPE Oluwaleke Ebenezer,LAWAL Abdulrasheed Olajide,
Abstract
The study is out to give an insight on how effectively risk management can be put in place in Nigeria banking industry and how various risks associated with Nigeria banks’ performances can be reduced by adhering to the sustainable banking principle that promotes effective risk management in Nigerian banks. Survey research design was used. The population of the study is 19,982 members of staff that are in all the Access Bank branches across Nigeria. The officers that are needed for this research are management staff, risk officers, sustainability officers and accountants. The estimated number of risk officers and sustainability officers in all the Access bank branches across Nigeria are 1650 and 1805 respectively. The total relevant officers for this research are 257 in number which are selected from five major branches and the Headquarters of access bank in the whole of Nigeria. The sample size was 157. Data collected was analysed using statistical package for social science students (SPSS) while Chi-square was used to test the hypotheses formulated. The two hypotheses which were tested in the research work showed a clear indication of positive contribution of sustainability principles adoption on risk management, profitability and bank reputation in Access Bank Plc. The two hypotheses tested showed chi-square test values of 11.949 and 15.834 with a p. Value of 0.018 and 0.0003 which shows that the tests are statistically significant at 5% significance level. It was concluded that the banks through sustainability had increased its goodwill tremendously which boost their external image attracting more customers to them by way of word of mouth advertisement which is very effective in Nigeria. It was recommended that the Banks should therefore be encouraged by the government to adopt sustainable banking as an important component of their critical strategy for their long term goals and sustainability that make the life better for the people.
Publisher
Center for Public Affairs - Faculty of Public Administration / SNSPA
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