INTERNAL CONTROL AND BANK PERFORMANCE: EVIDENCE FROM SELECTED COMMERCIAL BANKS IN NIGERIA
Abstract
Despite the crucial role played by the banking sector in regulating the economy worldwide and the significant failures and crises it has experienced in the past for which t weakness in internal control was responsible, a majority of the studies concerning the connection between internal control and firm performance were carried out employing members from numerous sectors other than the sector. This research examines the effect of the compliance with internal control system on the performance of banks in Nigeria Using the survey research approach, the extent the compliance with internal control system has affected the indicators of performance in banks was examined, Frequency tables and percentages were employed to collate and arrange the views those that responded to the questionnaires distributed. The hypotheses of the study were tested using one sample-test technique. The research had a population of 84, while the size of the sample was 69. The results indicate that internal control system has a strong and positive impact on the performance of deposit-money banks in Nigeria. This suggests that bank management should entrench significant internal control components in their banks to achieve optimal performance
Keywords:
Internal control system, Bank performance, COSO, NigeriaDownloads
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Copyright (c) 2025 Agbo, Elias Igwebuike , Basilia Chiamaka Nwachukwu Ph.D.
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