Welcome to Open Science
Contact Us
Home Books Journals Submission Open Science Join Us News
The Analysis of Cost and Benefit of Computerization in Nigerian Banks: (A Study of Some Selected Banks in Awka, Anambra State, Nigeria)
Current Issue
Volume 2, 2014
Issue 3 (June)
Pages: 70-75   |   Vol. 2, No. 3, June 2014   |   Follow on         
Paper in PDF Downloads: 21   Since Aug. 28, 2015 Views: 1851   Since Aug. 28, 2015
Okoli Ifeanyi Emmanuel, Department of Business Adiministraion, Faculty of Mangement, Godfrey Okoye University Enugu State, Nigeria.
Ezeliora Martin Mmaduabuchi, Department of Business Adiministraion, Faculty of Mangement, national Open University of Nigeria.
Monanu Oge G., Department of Business Adiministraion, Faculty of Mangement, Godfrey Okoye University Enugu State, Nigeria.
The research work critically investigates the analysis of cost and benefits of computerization in Nigerian banks. To achieve the stated objectives, the researcher obtained the necessary data for investigation from the primary and secondary sources of data involving the use of questionnaires as well as the review of the relevant and related literatures to the research topic. Furthermore, the researcher advances some hypotheses, which were tested and validated using percentages and chi square (X2) statistical analytical tools. The results of the analysis show that the use of computers enhances the efficiency of deposits money banks and that the use of computers increases profit and growth of deposits money banks. However, the result also shows that the use of computers eliminates fraud in the deposit money banks. The researcher recommends the use of the communication system (telephone, internet-banking, etc) which is the basis of today’s banking should be improved and at the same time localized to meet the rising in competition and standard that is already present in the western world. However, having weighed the merits and demerits of the introduction of the use of computers in deposits money banks in Nigerian banks especially, the deposits money banks should embrace and invest in the new technologies to be able to meet the needs of their today’s banks. Furthermore, as detection, prevention and control of computer fraud so far has proved abortive, some yard stick should be used in employing and assigning workers to operate the computer as supervision should be practically and regularly observed.
Banks, Computer, Information Technology, Money, Benefits, Cost, Chi Square
Akinola, M. (1990), Impact od Electronic Banking on Customer Services, Immaculate Home Publishers, Lagos
Anyanwu, A. M. (1994), Data Collection Analysis, Alvan Global Publications Owerri.
Chaman, B (1990), Essential Strategies for the new American Cooperation, New York, Dulton.
Egbulonu, K. G. and Nwachukwu, V. O. (2000) Elements of Statistical Inference, Peace Publishers Ltd, Owerri.
Freud and Williams (1995), Modern Business statistics, Deducted from Anyanwu’s Alvan Global Publishers, Owerri.
Hutchnson and Sawyer (2001), Third Edition computers, the user perspective, Washington.
Machimias D. (1996), Research Methods in Social Sciences, Edwars Arnolds ltd, united kingdom
Mcrae C. (1964), Computer to business Application, United Kingdom.
Michini, J. T. (1976) Encyclopedia for computer sciences and Technology, New York, Marcel Dekker.
Orbach, J (2004), Organizational impact of information technology in the banking industry. Pace setters publisher, Ibadan.
Star, R.M. (1986) Computers in today’s world, inion Homewood publishers, illinus
Uzomah, C. (2000) A practical approach to management information system, Tonyhen press Inc. Owerri.
Williams, D.A. (1991) Information processing system, California, Addison Weasley
Woherem, E.W. (2000) Information Technology in the Nigerian Banking Industry Spectrum, Ibadan
Adekanya, F. (1996), “frauds in Banking Transactions” Lagos, the Nigerian Banker, vol. 6, No. 1
Babalola, F.A. (1998),”information Technology in Financial Services” Business times. Vol. 22, No. 1
Hawkins, E. (2001),the banking industry in the emerging marketing economics, competition, consolidations and Systematic stability: An overview “ BIS papers No. 4
Moline, A. M. (1997),”How Banks fit in an internet commerce Business Activities Model” Journal of Internet Banking and commerce. Vol. 5, No. 1
Umoreh, R (1992), “The president’s message to Banks” Lagos Business Times
Open Science Scholarly Journals
Open Science is a peer-reviewed platform, the journals of which cover a wide range of academic disciplines and serve the world's research and scholarly communities. Upon acceptance, Open Science Journals will be immediately and permanently free for everyone to read and download.
Office Address:
228 Park Ave., S#45956, New York, NY 10003
Phone: +(001)(347)535 0661
Copyright © 2013-, Open Science Publishers - All Rights Reserved