INSPECTION AS AN AID TO EFFECTIVE BANK MANAGEMENT(A CASE STUDY OF UNION BANK OF NIGERIA PLC)

This research studied the contribution of inspectorate department as an effective measure to Union Bank of Nigeria Plc. To guide the study research questions were formulated, using questionnaires as an instrument. The data collected were analyzed using sample percentages, some of the findings among others are: 1) Inspectorate department plays a significant role in effective utilization of organization find by management. 2) Internal audit (inspectorate) department enhances effective management control in banking organization. 3) The availability of inspectorate department encourages efficiency among employees in banking organization. 4) The existing statutory and other relevant regulation laid adequate consideration on the inspectorate functions. 5) Inspectorate department encloses financial accountability in banking organization. Based on the findings, the following are recommended among others. 1) Training and retaining of inspectorate department staff for efficiency. 2) Creation of internal audit (inspectorate) department in the bank. 3) To ensure that a professional heads the audit unit qualified inspectorate.