The Failure of Group Merchant Bank Limited
Nigeria Deposit Insurance Corporation (NDIC)
1.0 Introduction: Corporate Profile; Objectives of the Study; Scope and Methodology; Study Limitation; 2.0 Financial Review; 3.0 Major Determinants Of Failure Of GMB: Error in approving some board members; Poor corporate governance; 4.0 Supervisory Measures: Imposition of Holding Actions; Assumption of Control and Management; 5.0 Failure Resolution.
The need to gather, collate and analyse the financial condition, underpinning causes of failure, supervisory measures and resolution method adopted to resolve the failed GMB is a cardinal objective of this study. The cost implication of the failure of GMB on Nigeria Deposit Insurance Corporation (NDIC) and other stakeholders also to constitutes another important objective of the study.