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THE CAUSE OF BANK FAILURE AND ITS EFFECT ON THE NIGERIA ECONOMIC DEVELOPMENT

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Commercial Banks are legal entity with perpetual succession formed as a corporate body under law, by an association of person, Basil (2001: 1) according to companies and Allied matters Act 1990 section 29, companies are classified into three types 1. A private company limited by shares shall end with the word “limited”. (Ltd). 2. Public company limited by shares ends with the ...

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