Crawford University STUDENTS HANDBOOK (

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Crawford University

STUDENTS’ HANDBOOK

(2011 - 2013

COLLEGE OF BUSINESS AND SOCIAL SCIENCES

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P.M.B. 2001, Crawford University Km 8, Ota – Atan - Agbara Road Faith City, Igbesa, Ogun State Nigeria

Copyright ©CRU March 2012

College Colour:

Royal Blue

Cover Designed and Printed by:

Mustard Communication 10 Adeoye Fatore Street,

PAB B/ Stop Ikotun Idimu Road Email [email protected] 080333040269

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TABLE OF CONTENTS

Pages

Title Page i

Copyright Page and Publication History ii Table of Contents iii

Addresses iv

Objectives of the University v

Visitor and Principal Officers of the University vii

Foreword viii

Officers of the University ix

Dean’s Remarks x

General Information 1

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ADDRESSES

Requests for information regarding the University should be sent to: The Registrar: Crawford University

Faith City, Igbesa, Ogun State.

Postal Address: P.M.B. 2001, Igbesa, Ogun State, Nigeria.

Website: www.crawforduniversity.edu.ng E-mail: [email protected] reg[email protected] [email protected] [email protected] [email protected] [email protected] [email protected] Telephone: Vice-Chancellor: 08056697800 Registrar: 08056697802 Deputy Vice-Chancellor: 08056697805 Dean’s Office: 08056697803

Academic Planning Unit: 08031183200 Public Relations and Information Unit: UNIVERSITY PRO 0803545652 Telephone Room:

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VISITOR AND PRINCIPAL OFFICERS OF THE UNIVERSITY

VISITOR

Rev. Emmanuel Adebayo Adeniran

District Superintendent, Apostolic Faith Mission West and Central Africa Headquarters, Lagos

CHANCELLOR

Chief Oludolapo Ibukun Akinkugbe CON

PRO-CHANCELLOR AND CHAIRMAN GOVERNING COUNCIL

Professor Peter Akinsola Okebukola OFR

VICE-CHANCELLOR

Professor Samson Adenola Ayanlaja

B.Sc (Hons Ibadan), MBA, Ph.D (Reading), Cert. Irrig (Israel) DEPUTY VICE CHANCELLOR

Professor Emmanuel Abiodun Fayose

B.Sc, Ph.D (Wales)

REGISTRAR & SECRETARY TO COUNCIL

Mr. Tunde Oluite Adekoya

B.Sc (Hons), M.ILR (Ibadan), M.PP (Ogun), MNIM, AIPM UNIVERSITY BURSAR

Rev. Elijah O. Ajayi

FCA, ACMA

UNIVERSITY LIBRARIAN

Mr. Thomas Akinbayo Adigun

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OBJECTIVES OF THE UNIVERSITY

Crawford University, was established in 2005 as a Multi-Campus, Non-Residential University, Seven years after, the University is manifesting the dream of its founding father, put together in form of the objectives of the University, to meet the peculiar needs of Ogun State as follows: The objectives of the University are:

• To give the opportunity of acquiring a higher education to all; • To provide relevant courses of instruction and other facilities for

the pursuit of learning in such branches of knowledge as the University may desire to foster and in so doing make those facilities available on proper terms to such persons as are equipped to benefit from them;

• To promote scholarship and encourage the advancement of learning;

• To conduct relevant research into human problems and their alleviation;

• To relate its activities to the social, cultural and economic needs of the people of Nigeria in particular, and the world in general, • To undertake any other activities appropriate for a University of

high repute, and

• To produce well-rounded graduates, who will be academically sound, creative, with good morals and the fear of God.

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OFFICERS OF THE COLLEGE

DEAN Prof Olusola Ojo B.A., M.Sc, PhD

COLLEGE OFFICER/ASST REGISTRAR Mr. Oni Ogunleye Kolawole

M.Ed, B.Ed, Dip Ed

SECRETARY TO THE DEAN Mr. Sunday Ogunkorode

NCE, Dip in Computer Studies, WASC

OFFICE OF THE DEAN S/

N

NAME DESIGNATION QUALIFICATION

1. Prof. Olusola Ojo Dean PhD, M.Sc., B.A

2. Mr. Sunday

Ogunkorode Personal Secretary NCE, Dip. in Computer Studies, WASC 3 Miss. Victoria

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HEADS OF DEPARTMENTS

DEPARTMENTS HEADS

1. Management Studies Prof. P.O.

Yalokwu

2. Sociology & IRPM Prof Alaba

Simpson

3. Economics, Accounting & Finance Dr. O.J. Macaver

4. Political Science & International Relations Dr. G.L. Adeola S/

N

PROGRAMMES HEADS QUALIFICA

TIONS

1 Business Administration

Prof P.O. Yalokwu PhD, MBA,

B.Ed.

2 Marketing

3 Sociology

Prof. Alaba Simpson PhD, M.A., B.A.

4 Industrial Relations & Personnel Management 5 Political Science &

International Relations Dr G.L. Adeola PhD, M.Sc, B.Sc. 6 Economics Dr. O. J. Macaver PhD, M.Sc., B.Sc. 7 Accounting

8 Banking & Finance

COLLEGE OFFICIALS S/

N NAME DESIGNATION QUALIFICATION

1. Mr. Ogunleye

Kolawole Oni

College Officer M.Ed, B.Ed, Dip Ed

2. Mrs. Temitope Ruth Imafidon Assistant Executive Officer B.Sc (Ed), Dip Ed 3 Mr. Joseph

Majasan Data Processing Officer B.Sc (Computer Science)

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Nwankwo

PAST AND CURRENT DEANS OF THE COLLEGE

1. 2005 – 2008 Prof. B. A. Babalola

2. 2008 – 2009 Prof. F. O. Adewunmi

3. 2009 – till date Prof. Olusola Ojo

PAST AND .CURRENT COLLEGE OFFICERS OF THE COLLEGE

1. Mrs. P. A. Ajeyalemi 2008/2009

2. Mrs. C. M. Majasan 2009/2010

3. Mrs. C. G. Ogugua February 2010-September 2010

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FOREWORD BY THE COLLEGE DEAN

The College of Business and Social Sciences was one of the two Colleges the University started with in October 2005. The programmes in the College were grouped under two Departments, Social Sciences and Administration.

When the University started, there were only 156 students in all the programmes in the College. This has increased to 915 during the current session. At the beginning of 2009/2010 session, the programmes in the College were arranged into four Departments. These are Economics, Accounting and Finance; Management Studies; Political Science and International Relations; and Sociology and Industrial Relations and Personnel Management. Our Programmes are regularly updated to take account of new innovations and developments in the various disciplines.

The College currently runs B.Sc Degree programmes in Accounting; Banking and Finance; Business Administration; Economics; Industrial Relations and Personnel Management, Marketing; Political Science and International Relations; and Sociology.

The College has now graduated three sets of students. Many of our graduates are establishing themselves and are making waves in their various chosen careers. Some are pursuing postgraduate programmes in reputable Universities in Nigeria, Europe North America and South America. We intend to run postgraduate programmes in some disciplines as soon as the University enters into its second phase of the development

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GENERAL INFORMATION 1. Historical Background

The College of Business and Social Sciences was established at the inception of Crawford University in October 2005. Currently, the College runs four departments viz:

i. Department of Economics, Accounting and Finance

ii. Department of Sociology and Industrial Relations and Personnel Management

iii. Department of Political Science and International Relations iv. Department of Management Studies

All the Departments offer courses leading to the award of B.Sc Degree in all the above mentioned disciplines.

2. Organizational/Administration Structure

The Dean of the College is the administrative Head of the College that exercise general control over the academic and administrative affairs of the College. The Dean is assisted by the Heads of Departments and the College Secretary. The Heads of the departments are responsible through the Dean to the Vice-Chancellor for the smooth running of their Departments.

The College Secretary is the head of all the non-academic staff of the College. He/she is the Secretary to all the College Boards and Committees. He/she also ensures the implementation of their decisions and directives. Also, he/she ensures the proper organization of the students’ records in the Dean’s office.

Students in the College organize academic and social activities under the aegis of the Students’ Association relevant to the academic disciplines in the College. Such association draws its membership from all matriculated students in the particular academic discipline. The Departments also organize career and motivational talks from time to time for the students among other activities

3. College Standing Committees

The Board and other Statutory Committees of the College are concerned with the consideration of all academic matters, for example, curriculum development, conduct of examinations and consideration of

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standing and welfare, among other issues that might be brought before them from time to time. The Boards and Committees are:

a. College Board Composition

 Vice-Chancellor – Chairman

 Dean, College of Business and Social Sciences  All Heads of Departments in the College of Business and Social Sciences

 All Professors in the College of Business and Social Sciences

 One (1) Representative from the College of Natural and Applied Sciences

 The Librarian or his/her Representative

 College Officer, College of Business and Social Sciences – Secretary

b. College Board of Studies Composition

 Vice-Chancellor – Chairman

 Dean, College of Business and Social Sciences  All Heads of Departments in the College of Business and Social Sciences

 All Coordinators of programmes in the College  All full time members of Academic Staff in the College of Business and Social Sciences not below the rank of a Lecturer II

 The Librarian or his/her Representative

 College Officer, College of Business and Social Sciences – Secretary

c. College Board of Examiners of Business & Social Sciences Composition

 Vice-Chancellor – Chairman

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 All Heads of Departments in the College of Business and Social Sciences

 All Coordinators of Programmes in the College  All full time members of Academic Staff in the College of Business and Social Sciences not below the rank of a Lecturer II

 One (1) Representative from the College of Natural and Applied Sciences

 Head, Examinations & Records Division or his/her Representative

 The Librarian of his/her Representative

 College Officer, College of Business and Social Sciences – Secretary

d. College Review Panel (Academic) Committee Composition

 Dean, College of Business and Social Sciences- (Chairman)

 All Heads of Department, Heads of Units  All Professors in the College

 College Officer – College of Business and Social Sciences – (Secretary)

e. College Seminars Committee Composition

 Nominee of the Dean as Chairman

 One (1) Representative from each Department  College Officer- Business and Social Sciences- (Secretary)

f. College Management Committee Composition

 Dean, College of Business and Social Sciences  All Heads of Department in the College

 Programme Coordinators

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STRUCTURE OF THE COLLEGE

The College has four (4) Departments as listed below: 1. Economics, Accounting and Finance

2. Sociology and Industrial Relations & Personnel Management 3. Political Science and International Relations

4. Management Studies

The following Degrees are awarded:

1. Economics, Accounting and Finance

a. B.Sc. Economics b. B.Sc. Accounting

c. B.Sc. Banking and Finance

2. Sociology and Industrial Relations & Personnel Management

a. B.Sc. Sociology

b. B.Sc. Industrial Relations and Personnel Management 3. Political Science & International Relations

a. B.Sc. Political Science & International Relations 4. Management Studies

a. B.Sc. Marketing

b. B.Sc. Business Administration

COLLEGE OF BUSINESS AND SOCIAL SCIENCES DEPARTMENT PROGRAMMES DEGREE

NOMENCLATURE Economics, Accounting & Finance Accounting, Economics, Banking &Finance B.Sc Accounting B.Sc Banking& Finance B.Sc Economics Management Studies Business Administration Marketing B.Sc Business Administration B.Sc Marketing Political Science and International Relations Political Science & International Relations B.Sc Political Science& International Relations Sociology & Sociology & B.Sc Sociology

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IRPM IRPM B.Sc IRPM

PHILOSOPHY AND OBJECTIVES 1. Philosophy

The philosophy underlying the programmes of the College is to produce graduates who are quite knowledgeable and competent to meet the demands of the world’s business, socio – economic and political activities.

2. Objectives

I. To produce graduates who have the ability to understand the basic language of all the disciplines in the social and business environment globally.

II. To produce graduates possessing the intellectual ability to identify and apply the state of art in various disciplines to solve prevailing problems in our economy.

III. To produce graduates who can comprehend, and proffer solutions to the basic challenges confronting the nation.

IV. To prepare the students for career prospects in Industrial Relations, Sociology, Economics, Accounting, Finance, Political Science, Management Studies and Marketing.

ADMISSION REQUIREMENTS COURSE

PROGRAMME REQUIREMENTS UTME SUBJECTSUTME CONSIDERASPECIAL TION OR /WEAVER REMARKS

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Banking and Finance

Direct Entry

i) Two “A” Level pass in Accounting or Economics and one other subjects ii) NCE with passes at merit level in relevant Subjects

iii) ND at credit level

UTME Five SSCE credits including English Language and Mathematics & Economics Maths, one Social Science Subject and any other Subject Foundation Exams such as ICAN/Account ing or ICMA

Economics NCE or Two (A Level) Passes in Economics any one of Maths, Statistics, Geography, Physics, Agric Sc., Accounting, Business Management, History & Government Five SSCE credit Passes in English Language Maths, Econs, and any two of Arts Social Sciences Subjects Economics Maths and any of Government, History, Geog, Literature in English French and CRK OND Upper Credit in Economics, Marketing Bus. Admin or Banking and Finance

Accounting NCE or Two A Level Passes in including Economics Five SSCE credit passes including English Language Maths, Econs. Econs, Statistics and any other Social Sciences subjects Foundation Programme of Crawford University for Accounting

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Business Adm./ Marketing

NCE or Two (A level) passes including Economics Five SSCE credits passes including English Mathes, Econs Economics, Maths any other from Government, History or Lit-in- English Crawford accepts NCE with Upper credit in Marketing, Bus. Admin, or Banking and Finance Sociology / IRPM

Two A level Passes chosen from Econs, Accounting, Business Management Government, Commerce or Statistic Five SSCE credit passes including English, Maths, Econs, plus any two subjects listed under the Direct Entry Column Mathematics, Economics plus one other relevant subjects Diploma at Upper Credit level in relevant discipline OND/HND not admissible for Direct Entry Political Science and International Relations

Two or (A) level passes in Government and one other Social Sciences subjects Five SSCE credit passes including English Language History and at least pass in Mathematics Three Art or Social Science subject Crawford accepts NCE with at least Merit OND/HND in relevant subjects not lower than lower credit, Foundation Programme of Crawford University or other University recognize by Senate ELIGIBILITY FOR ADMISSION

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An applicant must have completed 12 years pre-tertiary education i.e. someone who has finished six years of Primary School, three of Junior Secondary School (JSS) and three in the Senior Secondary School (SSS) in the Nigerian Educational System or to possess equivalent/superior credentials. In addition, applicants must take the mandatory University Matriculations Examination (UME)

ADMISSION REQUIREMENTS

B.Sc. ADMISSION REQUIREMENTS

1. UME Admission: Candidates for admission into the four year degree programme should possess a Senior Secondary School Certificate Examination or National Examination Council or their equivalents with at least five credit passes of which must include English Language, Mathematics and Economics; the other remaining two credits required for registration are determined by the department.

2. Direct Entry: Candidates for direct entry admission shall possess 5 credit passes in the Senior Secondary School Certificate or General Certificate Examination or their equivalents of which at least 2 shall be at the Advanced level or 4 credit passes of which at least 3 shall be at the Advanced level provided that such passes are not counted at both levels of the examinations. Sometimes Crawford Foundation, National Certificate of Education (NCE) and Diploma may be considered as A-level equivalents. B.Sc. degree of a recognized University in a related field. OND upper credit or HND, in relevant courses. Students with professional qualification such as ACA, ACCA, may be considered.

UNIVERSITY MATRICULATION EXAMINATION

1. Candidates must satisfy the requirements as specified in (1) above.

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2. Candidates must also have acceptable passes in University Matriculation Examination (UME).

3. UME subjects are: English Language, Mathematics, Economics and Government.

GRADUATION REQUIREMENTS

The Programme is planned over a four-year period consisting of eight semesters. Each semester consists of about seventeen (17) weeks, fifteen (15) of which are devoted to formal teaching, peri-curriculum instruction and assessments. Each course (especially 3-unit credit courses) includes a scheduled mandatory one (1) hour tutorial class per week. The general requirements for graduation include the following

(i) The completion of a minimum of 170 credit units including core, elective and general university education (GST) courses. Direct entry students are required to complete a minimum of 129 credit units;

(ii) A minimum of 15 credit courses outside the department; (iii) Complete, report and defence of a research project

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REGISTRATION PROCEDURE

1. Requirements for Registration

a) Photocopies of credentials b) Birth Certificate

c) Eight (8) passport photographs d) JAMB Notification of Results e) University Admission letter 2. Procedure for Course Registration

(i) All students should note that Registration of courses commence on resumption for each semester. Students are therefore expected to register twice in a session. i. e. at the beginning of each semester.

(ii) After the payment of school fees students should proceed to the Bursary with proof of bank payment for a pin code for on-line registration.

(iii) Students are expected to collect registration forms from Department and then complete on consultation with the course adviser. Thereafter, the forms are forwarded to the Edu - Portal for proper documentation.

(iv) Students are allowed a maximum of seven (7) weeks for registration and an additional two (2) weeks for late registration

(v) Any student that fails to register within this period ceases to be a bonafide student of Crawford University. 3. Add and Delete of Courses

Any student wishing to delete course(s) will be allowed to do so within the nine (9) weeks of registration. Any student wishing to add additional course(s) will be allowed to do so within the first seven (7) weeks of registration for both first and second semester.

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REGULATIONS GOVERNING THE AWARD OF BACHELOR’S DEGREE

(FULL TIME)

(A) A programme of study shall be provided leading to a Bachelor’s degree to be denoted

by the letters. B.Sc. (or such other abbreviation as Senate may approve from time to time) which may be awarded with honours or as a pass degree. The programme normally extends over a period of three or four academic years, depending on the student entry qualifications as follows:

1. i. Three years for direct entry candidate with prescribed GCE Advanced Level.

Crawford Foundations students or equivalent admitted to the 200 level

ii. Four years for students with WASC, GCE, Ordinary or equivalent qualifications, admitted to the 100 level. 2. i. A full-time student is one who carries not less than

the minimum load stipulated in the College

ii. The minimum duration for graduation for a four year programme is 8 semester and 6 semester for three year programme; while the maximum length of time required in the College shall not be more than 12 semester for the four year programme and 10 semester for the three-year programme.

iii. The maximum load permissible per semester is 24 credit units, whilst the minimum load is 18 credit units for full-time studentship and 6 semesters for three year programme, while the maximum length of time required in the College shall not be more than 12 semester for the four year programme and 10 semester for the three-year programme.

iv. The maximum load permissible per semester is 24 credit units, whilst the minimum load is 18 credit units for

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full-v. The University Senate may permit students in exceptional cases to carry less than the minimum load or more than the maximum load, upon the recommendation by the Head of Department through the Dean of the College.

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(B) Graduation Requirements

To be eligible for the award of a B.Sc. degree, a student must obtain a stipulated minimum total of units, for a three-year programme or a maximum total of units for a 4 year programme as stated in the Table below:

Programme Minimu

m Maximum

Economics 108 165

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Banking & Finance 126 171

Political Science & International Relations

144 225

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Industrial Relations & Personnel

Management 144 192

Marketing 105 148

Business Administration 109 150

Student Academic Status

A student academic status shall be determined on the basis of his/her performance in the Harmattan and Rain Semester Examination for each

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of the 100, 200, 300 and 400 levels of the degree programme. The following categorization of students’ status shall be used:

(i) Good Standing:

To be in good standing, a student must;

 Pass a minimum of 24 units per session and,

 Have a Grade Point Average (GPA) of not less than 1.0

(ii) Probation:

i. A student shall be placed on “PROBATION” if;

 he/she has not passed a minimum of 24 units for a particular level and/or

 his/her GPA is less than 1.0

ii. The period of probation shall be a maximum of two semesters

iii. A student on probation is allowed to register for courses at the next higher level in addition to his/her probation level courses provided that:

(a) The regulations in respect of student workload are complied with; and

(b) The pre-requisite courses of the higher level courses have been passed.

iv. A student on probation who fails to improve on his/her cumulative grade point average (CGPA) of 1.0 and 24 units in the subsequent semester, such as to place him/her in good standing shall have another chance, thereafter he/she will be advised to withdraw from the University;

Transfer Cases

i. Students who transfer from other Universities shall be credited with only those courses relevant to the programme of the University, which the candidates have already passed. Such students shall however, be required to pass the minimum number of units, provided that these students shall spend less

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than two (2) year (4 semesters in order to earn a degree of the University.

ii. Students who transfer from one College (Faculty) to another within the University for any reason shall be credited with those units passed that are within the curriculum of the receiving College (Faculty)

COURSE ADMINISTRATION AND ASSESSMENT (A) Courses and Units

i. A course unit is a series of one hour lectures or tutorials or an equivalent combination of this type of instruction. No course shall be less than two units and more than six units.

ii. There shall be four levels of courses for the 4 -year degree programme and 3 levels for the 3-year

100 – 199 – (100 level courses) 200 – 299 – (200 level courses) 300 – 399 – (300 level courses) 400 – 499 – (400 level courses)

Course numbers shall be prefixed by a three character course code which designated the academic discipline.

(B) Course Status

The following standard terminologies are used in all units of the Departments to indicate the status of each course.

i. Compulsory: courses specified by a department which students must take and pass.

ii. Required Course: A course which a student must register for and pass at 40% before a degree can be awarded but which is not counted towards degree classification e.g. General Studies, Library use.

iii. Elective: courses specified by a department from which a student must take in order to make up the

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required additional units for the award of the degree

iv. Pre-requisite: A course whose knowledge is essential prior to taking another specified courses. A pre-requisite requirement is fulfilled by completing and passing the pre-requisite courses which may also be waived for suitably qualified candidates by the College Board on the recommendation of the Department

v. Audited course: A course which the student attends but in which he/she is not examined.

(C) Course Assessment

i. All courses shall normally be evaluated by examinations and Continuous Assessment shall be done through essay and tests.

ii. Scores from Continuous Assessment shall constitute 30% of the final marks for courses, which are primarily theoretical.

(D) Examinations

i. Each course shall normally be completed and examined at the end of the Semester in which it offered.

ii. A written examination shall last a maximum of three hours for three units of courses and minimum of two hours for two units of course.

(E) Conduct during Examination

i. Candidates must be seated at least 15 minutes before the commencement of each examination. Thereafter, no candidates will be allowed into the examination room except at the discretion of the Chief Invigilator. Candidate will not normally be allowed to leave the examination room. Outside these periods candidates may leave the room temporarily only if accompanied by an attendant.

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ii. Candidates shall not be allowed to take into the examination room or have in their possession during the examination, any book or paper, mobile phone, printed or written document (whether relevant to the examination or not) iii. Any proven attempt made by candidate directly or indirectly to influence the process of examination or any part therefore with a view to obtaining undue advantage shall lead to the candidate’s disqualification from the whole examination.

iv. Silence shall be maintained throughout the period of examination and communication among the candidates will not be allowed;

v. Candidates shall comply with all instructions set out in the examination answer booklet or other examinations materials. They shall also comply with all instructions given to them by the invigilators

vi. Whenever there is an alleged examination malpractice, the candidates involved shall be required to make a signed statement immediately. Failure to comply shall constitute a serious offence and lead to disqualification from the examination and any other disciplinary action deemed appropriate.

vii. Candidates must present themselves to all University examinations for which they have been duly registered. Candidates who fail to do so for reasons other than illness or accident attested to by the Chief Medical Officer or the

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University shall be deemed to have scored Zero in that examination.

viii. Examination offences are considered as breach of the matriculation oath and it may attract the following sanctions:

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S/N Offence Punishment (maximum) Unless otherwise stated

(i) Non-display of ID card Suspension

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(iii) Refusal to submit oneself for search by an invigilator

Suspension

(iv) Use of scrap papers with written notes in Examination hall

Suspension

(v) Illegal possession of the University Answer

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(vi) Mutilation or removal of any paper or answer script supplied

Suspension

(vii) Failure to submit answer script to invigilator after an examination

Suspension

(viii) Oral communication between candidates

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(ix) Impersonation Suspension

(x) Other examination related offences To be determined based on the gravity of the offence committed.

(F) Pass-mark

The minimum pass-mark in any course shall be 40%, (for Prerequisite purpose, 35% is the specified minimum).

(G) Grading System: Grading of courses shall be done by a combination of Percentage marks and letter

grades translated into graduated system of grade point equivalent. For the purpose of determining a student’s standing. At the end of every session, and for the final degree classification, Grade Point Average (GPA) system shall be calculated, that is:

GPA = TCP/TNU Where

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TNU (Total Number of Units courses taken), TCP (Total Cumulative Point)

Each course unit shall be graded out of a maximum of 100 marks and assigned appropriate letter grade point equivalent as in the following table: MARKS LETTER GRADE GRADE POINT 70 AND ABOVE A 5 60 – 69 B 4

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50 – 59 C 3

45 – 49 D 2

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0-39 F 0

(H) Presentation of Results

Result from the Department shall be presented to and considered by the College Board of Examiners at the end of each semester. The standard format approved by Senate shall be used. The approved results shall be forwarded through the Head of Department and Dean to the Exams & Records Division for processing.

(I) Classification of Degree

The determination of the class of degree shall be based on the Cumulative Grade Point Average at the 100, 200, 300 and 400 levels, the Cumulative Grade Point Average (CGPA) shall be determined at the end of each semester taking into consideration, all the courses so offered, and approximated to 2 decimal places.

The Cumulative Grade Point Average (CGPA) shall be used for the determination of the class of degree according to the following ranges:

CGPA CLASS OF DEGREE

4.50 – 5.00 First Class Honours

3.50 – 4.49 Second Class Upper

2.40 – 3.49 Second Class Lower

1.50 – 2.39 Third Class

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COUNSELLING

Students counseling is an important activity of the Departments, which is aimed at ensuring academic success for all the students. Students are normally attached to a lecturer who is regarded as a senior partner for the success of the students. The lecturer is referred to as the Level Coordinator/Adviser. He/she is responsible to the entire students for that level in each department.

INFORMATION MEDIUM

Information meant for students are normally pasted on the notice boards. It is the responsibility of students to go to these boards regularly to ensure that they keep abreast of the happenings in the Department and College as regards their programme in the University. The Department and College would therefore not be responsible for negligence on the part of the students for failing to comply with any directives of the departments or its units given through the medium of the notice boards.

Students Colloquium} Parents Forum }

The University Management holds a ‘Students Colloquium’ at least once every semester for both students and lecturers. This is an interactive session that touches on all aspects of student life; that is welfare, student behavior, dressing and attendance at church services and other related activities. In addition, the Parent Forum holds regular meetings at least twice in a session to discuss matters related to the welfare of their wards the good governance, and progress of the University at large.

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DISCIPLINE

The College does not take kindly to acts of indiscipline on the part of students. Degrees are awarded for deserving student by the Departments having been found worthy in character and in learning

GENERAL STUDIES PROGRAMME

All students of the University are required to pass the General Studies Programme courses (GST) as a condition for graduation. The General Studies Courses are University based. These include use of English/Library and Information Sources; Introduction to Logic and Philosophy, Music Appreciation. These (GST) courses are compulsory for all students irrespective of their level of admission. This also applies to students transferring from other Universities.

ENTREPRENEURIAL DEVELOPMENT STUDIES

Based on the Federal Government directives to all Nigerian Universities, the University has introduced two courses on Entrepreneurship. These courses pertain to both theoretical and practical aspects of Entrepreneurship and are taken by students at the 200 Level and 300 Level in the College.

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HOD’S REMARKS

HOD’S REMARKS

This is the 2nd edition of the Students’ Handbook of the Department of Economics, Accounting and Finance. The department is based in the College of Business and Social Sciences of Crawford University, Igbesa Ogun State in Southwest Nigeria.

This edition covers a period of four years, 2011-2015. Since the last edition, additional programmes and courses have been approved by Senate and these have been incorporated in this edition. Previous programmes have also been reviewed in line with current academic vision and developmental goals of the University. We must note that the University Senate, however, reserves the right to make changes to any part of this edition at any time it deems fit.

This book has carefully presented details on the academic programmes, the courses available, contents and credit loads. It provides information on admission requirements, regulations governing awards of Degrees and regulations on conduct of examinations.

Lecturers and students will find the prospectus very useful from time to time for guidance. Students are particularly urged to relate well with their level advisors, supervisors, departmental Coordinators, and Heads of Departments for clarification on any aspect of the book that may not be clear to them.

Finally, I wish to express my appreciation to all those who have contributed to the success of the preparations of this 2nd edition. I am particularly grateful to the Dean, Programme Coordinators, Level Advisors and the entire Academic and Non-Academic staff of the Department. Any correspondence on this book should be addressed to “The Head, Department of Economics, Accounting and Banking/Finance, College of Business and Social Sciences, Crawford University, P.M.B. 2001, Igbesa, Ogun State, Nigeria.”

MACAVER, Okerhe Joseph (Ph.D.)

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ACADEMIC STAFF

S/N FULL NAME QUALIFICATION SPECIALISATION DESIGNATION

1 .

1

Prof Akintola, Bello B.Sc. ,M.Sc., Ph.D. Capital Market and

Monetary Economics. Professor (Sabbatical)

2

. Dr Ezeabasili, Vincent

B.Sc., M.Sc., Ph.D.

Corporate

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3 . Dr Ikpefan, Aileman B.Sc. ,M.Sc., Ph.D. Investment Banking/Retail Banking. Associate Prof. Senior Lecturer (Part-Time) 4 .

Dr Ezeife, Emeka B.Sc., M.Sc., Ph.D. International Finance/Consumer Lending. Associate Prof. Senior Lecturer (Part-Time) 5 . Mr. IGE, Abayomi B. Sc., M. Sc, ACIB, ACA Institutional Financing/Oil and Gas. Lecturer II (Full- Time)

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6 .

Adu, Cecilia (Mrs.) B. Sc, M. Sc. International

Finance/Multinationals .

Asst Lecturer (Full- Time)

NON- ACADEMIC STAFF

S/N FULL NAME STATUS

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2 Miss Owolabi, Florence Adeseeke Secretary/Typist

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10 PHILOSOPHY, MISSION AND OBJECTIVES (a) PHILOSOPHY OF THE PROGRAMME

The programme is designed to produce highly ethical, banking and finance graduates who will make a difference in the banking and finance world. Ethics of banking which is anchored on transparent honesty is expected to be imbibed by the students on the programme. The banking and finance programme is designed to provide quality education and professional training leading to the award of B.Sc (Banking and Finance) degree which will be awarded with honours degree. It is meant to expose students to various areas both in banking and non banking financial institutions and other allied areas in finance.

(c) MISSION STATEMENT OF THE PROGRAMME

The banking and Finance Programme was borne out of Crawford University’s passionate desire to positively impact both the academic and professional vocations of banking and finance and related fields of endeavours in Nigeria and beyond. The Programme is designed to contribute decisively to the quantitative and qualitative manpower needs of local and global industries, public, private and non-profit organizations through teaching, research and development (R&D) and other capacity building endeavours. The ultimate goal is to produce well-rounded graduates, who will be academically sound, creative, with good morals and the fear of God, which is in consonance with the motto of the University, Viz: ‘Knowledge with Godliness’.

(d) PROGRAMME OBJECTIVES

The objectives of Banking and Finance programme are as follows: 1. To train the students in various aspects of Banking and

Finance.

2. To inculcate into the students the basic theoretical and practical knowledge in Finance.

3. To graduate students who will impact positively the field of Banking and Finance.

4. To provide and facilitate qualitative banking and finance education and training of young men and women who will be the first choice of employers in the labour market.

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5. To provide for the development of teachers and researchers in banking and finance.

6. To offer research and consultancy services in financial management and related fields for the benefit of organizations both in the private and public sectors.

7. To establish a resource base for the development of local case studies and materials for the teaching of banking and finance. 8. To graduate students in Banking and Finance with the

knowledge of best practices worldwide.

9. Stimulate students intellectually through the study of Banking and Finance and to lead them to appreciate its application to a range of problems and its relevance in a variety of settings.

11. ADMISSION REQUIREMENTS

B.Sc. ADMISSION REQUIREMENTS

3. UME Admission: Candidates for admission into the four year degree programme should possess a Senior Secondary School Certificate Examination or National Examination Council or their equivalents with at least five credit passes of which must include English Language, Mathematics and Economics; the other remaining two credits required for registration are determined by the department.

4. Direct Entry: Candidates for direct entry admission shall possess 5 credit passes in the Senior Secondary School Certificate or General Certificate Examination or their equivalents of which at least 2 shall be at the Advanced level or 4 credit passes of which at least 3 shall be at the Advanced level provided that such passes are not counted at both levels of the examinations. Sometimes Crawford Foundation, National Certificate of Education (NCE) and Diploma may be considered as A-level equivalents. B.Sc. degree of a recognized University in a related field. OND upper credit or HND, in relevant courses. Students with

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professional qualification such as ACA, ACCA, ACIB may be considered.

UNIVERSITY MATRICULATION EXAMINATION

4. Candidates must satisfy the requirements as specified in (1) above.

5. Candidates must also have acceptable passes in University Matriculation Examination (UME).

6. UME subjects are: English Language, Mathematics, Economics and Government.

GRADUATION REQUIREMENTS

The Banking and Finance Programme is planned over a four-year period consisting of eight semesters. Each semester consists of about seventeen (17) weeks, fifteen (15) of which are devoted to formal teaching, peri-curriculum instruction and assessments. Each course (especially 3-unit credit courses) includes a scheduled mandatory one (1) hour tutorial class per week.

Every student embarking on B.Sc. (Hons) Degree in Banking and Finance should register for and pass a total number of 167 units in the case of a four year programme while 144 units is required of a three year programme. In all cases, the students should pass all the compulsory courses and the electives chosen.

In addition the following requirements should be met: (i) attain up to 70% attendance in all courses

(ii) effectively participate in tutorials

(iii) take continuous assessment which must form 30% of each semester’s assessment

(iv) work on a properly supervised and graded research project.

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LECTURES AND TUTORIALS

All compulsory courses should have tutorial of two hours of lecture and one hour of tutorial.

COURSE GRADING SYSTEM

All courses taken are evaluated and final grades given at the end of the semester. To arrive at the final grade, the evaluation must be a continuous process consisting of:

(i) Mid-semester Assessment

(ii) Assignment

(iii) Term Paper(s), where deemed necessary

FINAL YEAR EXAMINATIONS

Final year question papers, marked scripts and project must be moderated by external examiners

COURSE OUTLINE AND STUDENTS

WORKLOAD 100 Level Course Grouping Course Code Course Title Prerequisit e L-T-P in Hours Semester & Credit Units 1st 2nd Compulsor y Courses ACC 101 Introduction to Financial Accounting I - 30–15–0 2 -ACC 102 Introduction to Financial Accounting II - 30–15–0 - 2 BSS105 Mathematic s for Business& Social Sciences I - 20–10–0 3 -ECN101 Principles of Economics I - 20–10–0 3 ECN102 Principles of Economics II - 20–10–0 3 BSS 106 Maths for - 20–10–0 - 3

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ACC 101 Intro to Financial Accounting I - 30–15–0 2 -ACC 102 Intro to Financial Accounting II - 30–15–0 - 2 BUS 101 Principles of Managemen t I - 20–10–0 2 -BUS 102 Principles of Managemen t II - 20–10–0 - 2 BFN 102 Introduction to Finance - 30–15–0 - 3 Elective Courses SOC 101 Introduction to Sociology I - 20–10–0 3 -PSR 101 Introduction to Political Science - 3 GST 112 Entrepreneu rial Developme nt Studies I - 1 General University Courses GST 101 Use of English/Libr ary Info I - 20–10–0 2 -GST 102 Use of English/Libr ary Info I - 20–10–0 - 2 GST 103 Music Appreciatio n I - 10–00–0 1 -GST 104 Music Appreciatio n II - 10–10–0 - 1 GST 105 Intro. to Logic & Philosophy - 20–10–0 2 -GST107 Foundation of Psychology - 20–10–0 2 GST 109 Entrepreneu rial Developme nt Studies I 2 CSC 101 Intro. to General Computing - 20–10–0 3

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200 Level Course

Grouping

Course Code Course Title Prerequisite (s) L-T-P in Hours Semester & Credit Units 1st 2nd Compulsor y Courses ACC 201 Principles of Financial Accounting 1 ACC101 20-10-0 3 -ACC 202 Principles of Financial Accounting II - 20-10-0 - 3 ACC 203 Introductio n to Cost Accounting I 20-10-0 3 -ACC 204 Introduction to Cost Accounting II - 20-10-0 - 3 ECN201 Principles of Microecono mics I 2 ECN202 Principles of Microecono mics II 2 BSS 211 Statistics for

Bus & Soc Sciences 1

ECN 104 30-15-0 3

-BSS 212 Statistics for Bus & Soc Sciences II - 30-15-0 - 3 ECN 203 Principles of Macro-economics 1 - 20-10-0 2 -BFN 201 Elements of Banking - 20-10-0 3 BFN202 Nigerian Financial System - 20-10-0 - 3 ECN 204 Principles of Macroecono mics II - 20-10-0 3 CSC212 Information Managemen t System 3 BUS203 Introduction to Business 3 -General University

Courses GST201 Enterpreneurial Dev

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GST207 Music Appreciatio n 111 GST 104 - 1 -GST 208 Music Appreciatio n 1V - - - 1 GST 209 Peace and Conflict Studies 2 -GST210 Entrepreneu rial Developme nt Studies IV 1 TOTAL (43 Credit Units) 23 21 300 Level Course Grouping Course Code Course Title Prerequisit e L-T-P in Hours Semester & Credit Units 1st 2nd

BUS 303 Business Law 3

-BFN 301 Business Finance 1 20-10-0 3 BFN 302 Business Finance II 3 BFN 303 Law& Ethics of Banking1 20-10-0 3 BFN 304 Law& Ethics of Banking II - 20-10-0 - 3

BFN 307 Monetary Theory & Policy - 20-10-0 3 BFN 310 Comparative Banking - 20-10-0 - 3 BFN 309 Microfinance, Small &Medium Enterprises - 20-10-0 3 -BFN 312 Investment Banking - 20-10-0 - 3

ECN 311 Mortgage Finance 20-10-0 2

-BFN 314 Marketing of Financial Services

- 20-10-0 - 3

ECN 313 Applied Monetary

Economics - 20-10-0 2

-ECN 314 Public Sector Economics

- 20-10-0 - 2

BFN 315 Public Finance - 20-10-0 3

-ECN 316 Research Methodology - 30-15-0 - 3

GST301 Entrepreneurial Development Studies V 1 -GST301 Entrepreneurial Development Studies - 1

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Elective Courses BFN316 Marketing of Financial Services - 20-10-0 - 3 BFN318 Multinational Business Finance - 20-10-0 - 3 TOTAL (42 Credit Units) 20 22 400 Level Course Grouping Course Code Course Title Prerequisite L-T-P in Hours Semester & Credit Units 1st 2nd Compulsory

Courses BUS 401 Business Policy 1

30-15-0 3

-BUS 402 Business Policy II

30-15-0 - 3

BFN 403 Financial

Management

- 30-15-0 3

-FIN 404 Capital Market & Portfolio Theory - 30-15-0 - 3 BFN 401 Banking Methods &Processes (P.O.B.I) - 30-15-0 3 -BFN 402 Practice of Banking II - 30-15-0 - 3 BFN 407 Banking Lending & Loan Admin. - 30-15-0 3 -BFN 409 International Finance I - 30-15-0 3 -BFN 410 International Finance II - 30-15-0 - 3 BFN 413 Project Evaluation - 30-15-0 3 -BFN 499 Research Project 6 -Elective Courses Min: 3 Units BFN 405 Quantitative Techniques in Banking & Finance - 30-15-0 3

-BUS411 Analysis for

Business Decision - 30-15-0 3 -GST401 Entrepreneurial Development Studies VII 1 TOTAL (40 Credit Units) 22 18

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Notes on Total maximum

Summary of Recommended Units Per Level

Level Semester Compulsory Unit Elective Unit Total

100 First 21 3 24 Second 21 - 21 200 First 23 - 23 Second 21 - 21 300 First 20 - 18 Second 19 3 22 400 First 19 3 22 Second 18 18 COURSE CONTENTS BFN 102: INTRODUCTION TO FINANCE

Nature and scope of finance: Definition of finance, finance functions, finance as a career, Basic finance functions. Objectives of the firm: financial Objectives, Primary Financial Objectives, Profit Maximization, Wealth Maximization, Other financial objectives, Non – financial Objectives. Sources of Finance: short term, medium term and long term .Financial Institutions. Banking institutions, Non-bank Financial Institutions .Financial Marketers: Money market, Capital market, Financial Intermediation and Financial instruments, Mathematics of Finance. Time value of money, Simple and Compound Interest, Compounding and Discounting, Annuities and perpetuities.

BFN 201: ELEMENT OF BANKING & FINANCE

Basic concepts of money and credit: Definition, origin, functions, and characteristics of money and credit. Money creation by commercial banks. Demand and supply of money ,Value of money, Elementary

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The Central Bank of Nigeria ,Commercial Banks, Development Financial Institutions, Non-Bank Financial Institutions –Finance Houses ,Financial Companies ,Pension Funds, Mortgage Institutions etc. Evolution, Structure and functions of financial markets. Money and Capital markets, financial instruments traded in the financial markets, participants, the SEC, NSE, clearing system, issuing houses, stockbrokers, discount houses. Capital consolidation in the banking and finance industry.

BFN 202: FINANCIAL SYSTEM

Evolution and Structure of International Banking : World bank and its affiliates ,The International Monetary Fund including Special Drawing Rights ,Euro Currency ,Regional Development Banks: Africa Development bank, West Africa Monetary Union, Nigerian ,Trust Fund ,West Africa Unit of Account .Universal banking ,Basic Concept in Banking: Principles of Good Lending ,Typical Balance sheet items of the Central Bank and Commercial Banks .The concept of Liquidity, Profitability and Costs. Principles of negotiability: Cheques and Promissory Notes. The Clearing System, the rules governing local, State and country clearing. The CBN and the payment systems. The role of banking in the economy: Banks as catalyst in economic Development. Various services offered by Banks, Critical issues in Nigerian Banking: Banking habits, foreign exchange management: The role of bankers Committee, chartered institute of Bankers etc.

BFN 301: BUSINESS FINANCE I

Mathematics of Finance: Review of compounding and discounting, annuities and perpetuities. Amortization and sinking fund. Capital budgeting under certainty: Nature of capital budgeting importance of capital Budgeting, investment Process, investment appraisal /techniques .Capital budgeting under uncertainty: Distinction between risk and uncertainty, factors responsible for risk, methods of handling risk. Capital budgeting and taxation, capital budgeting and inflation. Capital rationing: internal and external capital rationing , single period and multi – period capital rationing.

BFN 302: BUSINESS FINANCE II

Cost of Capital: Cost of Equity, Cost of Preference Shares ,Cost of Debt ,Weighted Average Cost of Capital ,Concept of Leverage :Operating

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Leverage ,Financial Leverage ,Combined leverage. Introduction to Capital structure .Introduction to dividend policy .Ratio Analysis , Mergers and Acquisitions. Sources of finance, short term, medium and long term. Sensitivity Analysis, Convertible loan stocks, Decision Tree, Agency theory, First and Second tier markets.

BFN 303: LAW AND ETHICS OF BANKING I

Status and regulations governing the establishments and running of banks in Nigeria Agency: Types and creation, rights and duties of principal and agent Relation of principal and third parties. Bankers as Agents Partnership: Formation and Dissolution, Registration of business names, Partnership property and its application on dissolution. Company Law: types of shares, debentures, borrowing powers, authority of directors, winding up of companies, Bankruptcy: Act of bankruptcy, procedure leading to adjudication, distribution of bankrupt’s property and discharge of bankrupt.

Nature of ethics: Moral responsibility, ethical standards and business effectiveness Developing ethical awareness. Responsibility of the firm: Responsibility of managers, Social responsibility to the stakeholders and the society.

BFN. 304: LAW AND ETHICS OF BANKING II

Securities: Property, nature of ownership before and after the land use Decree, Certificate of Occupancy, use as securities for bankers advances. Life assurance policies, stocks and shares .Guarantees and indemnities. Essentials of contracts of guarantee, liability of the guarantor, rights of the guarantor, determination of guarantee .Negotiable instruments: Essentials drawing, issue, acceptance and negotiation of bills of exchange .Banker’s draft and conditional orders. Acceptance of cheques and promissory note. Commercial letters of credit: Hypothecation of goods, trust receipts etc.

The Ethical Bankers: Conflict of interest, acceptance of gifts, insider trading etc. Instilling ethical standards in organizations: Banking Code of ethics, inter –bank transactions etc.

BFN 307: MONETARY THEORY AND POLICY

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structure, conduct and performance, Bank balance sheet Management, liquidity Management, risk management. Monetary Theory and Policy. Analysis of Interest Rates, Inflation and Exchange Rates. International Financial Institutions: IBRD, IMF IFC etc. Financial Regulation: The role of CBN and NDIC. Capital Adequacy. IFC etc. Financial Regulation: The role of CBN and NDIC. Capital Adequacy.

BFN 309: MICROFINANCE, SMALL AND MEDIUM ENTERPRISES

Evolution of micro, small and medium enterprises. Savings and microfinance, Microfinance regulations, Microfinance banks. The role of SME in the private sector. Financing SMEs in Nigeria. The challenges and prospects. Small and medium scale enterprises as foundation for rapid economic development in Nigeria. Small and medium Industries Equity Investment Scheme (SMIEIS). Institutional support for SMIEIS. The role of SMEDAN in the development of SME sector. Treasury Management, Financial instruments in the money and capital markets.

BFN. 310: COMPARATIVE BANKING

Financial Intermediation: Nature and function. Political Economy of Banking: Capitalism, Socialism, Communism. History and development of banking system: Nigerian, British, American, German, Japanese, French, Ghanaian Banking Systems. Islamic Banking System. Universal Banking.

BFN 311: MORTGAGE FINANCE

Types of mortgage Institutions: Institutional Framework for Housing Delivery. Mortgage Institutions and other Financial Institutions, Evolution of Housing Development Programmes in Nigeria, National Development Plans (1st, 2nd, 3rd and 4th). The Federal Mortgage

Institutions and Surveillance Authority, Federal Mortgage Finance, National Housing Fund. Mortgage Operations: Types of Loans, Loan Appraisal, Disbursement Strategies, Repayment Method etc. Basic Principles of Mortgage Lending: General considerations, Internal and External constraints to lending. Land and mortgage finance: Land as collateral for mortgage transactions, developed and undeveloped land, right of redemption Sources of Mortgage Finance: Federal Mortgage

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Finance, Primary Mortgage Institutions, National Housing Fund, Contribution from governments, commercial banks etc.

BFN. 312: INVESTMENT BANKING

Evolution of merchant and Development Banking in Nigeria. Merchant Banking activities up to the emergence of Universal Banking in Nigeria. Development Financial Institutions: Bank of Industry (BOI). Urban Development Bank (UDB) Corporate Finance: Loan Syndication, Equipment Leasing, Venture Capital Financing, Unit Trust management, Stock broking and Issuing House Services.

BFN 314: MARKETING OF FINANCIAL SERVICE

Marketing Management philosophy: Product, selling and marketing concepts.

Overview of marketing of financial services. Marketing strategies in financial services sector. Marketing Research. Product, Pricing, Place and Promotional Mix. Publicity and Public relations, customer relations, marketing planning, marketing audit and marketing ethic. Four O’s and P’s of Marketing- The Nigerian financial System, Characteristics of services compared with products. Consumer Markets and Buyer behaviour.

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BFN 316: MANAGEMENT OF FINANCIAL INSTITUTIONS

The scope and development of Public Finance. Objectives of Public Finance. Components of Public Finance. Revenue Allocation: Objective and Principles. Fiscal Institutions, Fiscal Functions, National Budget, Budget surplus and deficit Development Plans Taxation: Concepts, types and classification of taxation. Public Debt: Various types and causes of public debt. Effect of public debt on the economy. The debt burden, debt management strategies, debt conversion.

BFN 401: BANKING METHODS AND PROCESSES (P O B 1)

Banker customer Relationship: General and Special Relationship between banker and customer, banker’s rights and duties with emphasis on duty of secrecy. Customer’s rights and obligations. Types of account holders: Personal customers, joint account customers etc. Procedure for opening and closing of accounts. Banking transactions: Payment and collection of cheques, banker’s protection. Termination of banker’s authority to pay customer’s cheques. Determination of the banker-customer relationship: Death, mental disorder, bankruptcy of customers. Dissolution of partnerships, winding up of companies.

BFN 402: PRACTICE OF BANKING II

Securities of bank lending: unsecured lending, negative pledge, letter of comfort, land and buildings, stocks and shares, life policies, guaranties and indemnities.Bank services to customers: Savings & investment, Pensions, Hire Purchase etc. factoring and acceptance credits, leasing, business advisory services, issuing house services, import and export services, money Management, pension schemes, credit card services, insurance broking, life assurance, Travel facilities for customers going abroad.

BFN 403: FINANCIAL MANAGEMENT

Corporate Governance; Review of capital budgeting. Capital structure dividend policy. Working Capital Management: Nature of working Capital, Debtor’s Management, stock management, cash management, trade creditor’s management. Valuation of Businesses, Portfolio theory, Capital Asset Pricing Model, Corporate Strategy and Planning, Capital investment decisions under conditions of certainty. Application of NPV rule in the choice between Mutually exclusive projects, replacement decisions, projects with different lives.

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BFN. 404 : CAPITAL MARKET AND PORTFOLIO THEORY

Concepts of investment, types of investments, government and corporate securities. Direct and indirect investment, unit trust, investment trusts insurance companies etc. key institutions in the capital market, SEC, NSE. Methods of raising funds in the capital markets. Right issue and theoretical ex-rights price. Concept of portfolio management, objectives of portfolio management. Portfolio theory, portfolio selection, portfolio performance, measurement and evaluation. Risk and Returns relationship, capital market efficiency. Valuation of stocks and shares.

BFN 405: QUANTITATIVE TECHNIQUES IN BANKING AND FINANCE

Application of the following topics to Banking and Finance is very essential

Elements of decision analysis, Type of decision situations, Decision trees, Operational research approach to decision analysis Systems and system analysis, Modelling, Linear programming, Transportation model, Assignment model, Games theory, Project management, Inventory management, Simulations, Replacement model, Line balancing, Routine and sequencing .

BFN 407: BANK LENDING AND LOAN ADMINISTRATION

Canon of Lending, policies and regulations governing lending in Nigeria and types of facilities. Credit analysis, presentation and review credit risk and management. Credit authority. Securities acceptable for bank lending; loan pricing, Loan Syndication, Project Financing, Credit frauds, loan supervision\monitoring, Management of problem of loans, Credit policies of banks, Ratio Analysis, Early warning signals for problem loans, Interpretation of balance for lending purposes, Assets based lending, Building advances, Cash flow statements and cash budgets.

BFN 409: INTERNATIONAL FINANCE I

International Trade: Concept, comparative analysis, benefit, and effect on balance of payments. Trade documents, terms, barriers, tariffs and structures. Trade facilities and incentives. Methods of payments in

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International Trade Organizations. African Regional and Trans-Border Frotinters, International Economic Union and International Units of Accounts Investments Offshore, foreign subsidiaries and associated companies. Measuring the risk of international investments. International financial markets, financial instruments and securities. Methods of raising issues in international markets. Guidelines for international investments in Nigeria and the role of the Securities and Exchange Commission.

BFN 410: INTERNATIONAL FINANCE II

Agency relationship, creation and management. Correspondence Banking: Vostro and Nostro Accounts. Means of settlements. Travel and electronic money transfer facilities. Foreign exchange system and market: Nigerian and international exchange rate mechanism. Exchange rate market system and quotation system; Factors affecting exchange rates. Fixture and forward rates. Relationship between exchange rate and risk. Exchange rate movement and risk measurement. Hedging principles and techniques. Forward contract, future market, currency options, commodity exchanges. International working capital management. Trade financing.

BFN. 416: MULTINATIONAL BUSINESS FINANCE

An overview of multinational Business finance. Motives and process of overseas expansion. Foreign Investment Analysis: Foreign investment, foreign investment strategies and decision process. Capital budgeting for multinational firms, foreign direct investments, international portfolio investment, Management of Exposure/Risks: Foreign Exchange Risks and Management, Measuring and Managing Accounting Exposures, Measuring and Managing Economic Exposure, Measuring and managing political risks. Foreign Exchange Market: Exchange Rate determination, key economic indicators of exchange rate. Financing Foreign Transactions: International Financial Markets, International Banking Operations and country risk analysis, Foreign trade financing; Payment and documentation. Multinational Business Accounting, International Taxation, International Transfer Pricing.

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Meaning and Scope of Fiscal policy, fiscal instruments and Target Variables. Instruments of fiscal policy. Lags in effects of fiscal policy. Fiscal policy in developing economies. Characteristics of a good tax system; progressive ,proportional and progressive taxes. Direct and Indirect taxes, canons or principles of taxation, Public debt; effects of Public debt, burden of internal and external debt. Management of Public debt. Crowding out effects and Fiscal policy.

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