CHAPTER ONE INTRODUCTION
Management has been define as the process of combining and utilizing organisation resources of man, material to accomplish organisational objective.
Management can also be defined as formulating, planning and controlling activities in decision making.
What then do we mean actually by interference?
According to Webster Dictionary interference is to take an active but unwelcome part in some else’s activity. It can equally be defined as break in upon without right or invitation.
In this study, it has been revealed that this interference on financial institution by government as a pilot is a noble in the right direction. The Nigerian financial system is very vibrant and highly competitive. They have four basic product lines in the banking industry such as deposit base product, lending base product, fee base product and technology base product.
This was instituted by the observation during the research that financial institution benefit immensely by the government on the financial institution.
It is well known fact that number of services financial institutions offers have increased but risk taking which is fundamental nature of their business remain unchanged.
This has led to the conclusion that management financial institution is surrounded with risk management which involves mismatches of assets and liabilities on the other side.
The economy and nurture it along the path of development. The role of financial institution mostly bank has been constrained by a number of facts in short past, price to now, the industrial sector has been characterized by massive direct government involvement, because of weak technological base, lack of linkages in infrastructure and policy investment, highly interest or inflation rate, negative, real growth rates and fiscal excesses.
With an external debt burden of about 27.4 billion as in 1997, the repayment burden put a constraint on growth.
Since 1995, however, the federal governemnt has been budget deficits, which achieved stable interest and exchange rates regimes, while pushing down inflation to a simple digit of 8.5 percent in 1998.
Aggressive reform and sanitation of the financial institution, sources were perused. On the other hand little or no attention was paid to the vital area of privatization of government utilities liberalization of the economy and improvement of infrastructure.
The above review of the economy has been undertaken and other financial institution were suppose to operate and provide finances to the industrial sector. From the above review the researcher, therefore want to use this study to explore those factors emanated from the effect of government interference in financial institution that unlimited them from effectively discharging their responsibility to the economy generally using the organizational rules and regulation of Union Bank PLC to determine the extent it has contributed both positively and negatively part of such interference in institution.
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