International records / OpenAlex research

Reviewing the Roles of Risk Assessment on the Financial Outlook of Nigeria’s Selected Deposit Money Banks

Risk assessment is one of the major dimensions of the internal control system which plays a significant role in the financial stability and operational efficiency of Deposit Money Banks (DMBs). Weak risk management practice, fraud and regulatory noncompliance have placed the banking sector of Nigeria under multiple crisis. In this study the secondary qualitative empirical approach is used to investigate how the risk assessment affects performance of selected Nigerian DMBs. The data was analyzed thematically using data from regulatory reports, industry case studies, existing literature. Results…