A STUDY OF THE IMPACT OF FINANCIAL DISTRESS ON NIGERIA COMMERCIAL BANKS
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO STUDY A bank can be defined as an organisation whose principle operation is concerned with the accumulation of temporarily idle money of the general public from the purpose of advancing to others for expenditures. John Paget defined a bank as “A corporation or person(s) who accepts money on current account pays cheques on such account on demand and collects cheques for customers” Oxfords advanced learners dictionary ...
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