Impact of Computerization in a Banking Industry (a Case Study of United Bank for African Station Road)

Impact of Computerization in a Banking Industry (a Case Study of United Bank for African Station Road)

Impact of Computerization in a Banking Industry (a Case Study of United Bank for African Station Road)


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Alvin Tofler, one of the most successful of contemporary popularizes has proclaimed the arrival of an “adhocratic” society.

This expansive vision of nearly emerging post industrial order, mirroring that of Daniel Bell is encapsulated in Tofler’s view that we are living through a period of massive societal development.

First wave of agricultural revolution and the second wave of industrial revolution development in the world over is now being superseded by an third socio-economic ware, even through the industrial revolution is still in progress in most part of the third world countries. This new socio-economic shift termed third ware is the arrival of computer revolution.

This means that humanity faces quantum leap forwards as we engage in building a remarkable new civilization from group up.

Definition of computer: the oxford dictionary defined computer as an electronic device which stores information on e.g magnetic tape, analysis it and produces information as required from the data on tapes or deistic.

While the American Heritage dictionary of the English language defined it as a service that computes especially as electronic machine that performs high speed mathematical or logical calculations or the assembles, store correlates or otherwise processes and prints information derived from loaded data in accordance with a predetermined programme.

This implies that although computer has no brain of its own to reason live human beings, it performs complete mathematical problems as fast as possible even faster than the human brain.

The computer is an advanced technological convention which as evolved as a product of our modern day society.

The above statement not withstanding, he public still approach the course with apprehension and in some cases develop absolute fear for this device. The reason being that the computer came upon the whole world so quickly that it now affect our various lives in so many ways. This compile with the general lack of knowledge of what the computer is, has given rise to the ware of anti-complex feeling.

It is of nose that Nigerian industries and businesses are growing bigger and more complex everyday. Manual recording and filling system of financial transaction is no loner coping with the rate of sophistication and competition in this modern businesses.

Management needs timely information for planning and it is only through computerized accounting methods and control system that can girl out the needed financial data immediately at the close of the banking period.

Banks and other private and commercial institutions are finding it increasingly difficult to carry out its financial data specially and accurately enough to satisfy their numerous time conscious customers. The volume of service being offered by banks have increased during the years and at the same time the number of people asking for this services has also increased during the last decade.

It has been said that hires was replaced by the motor vehicle not because the motor vehicle is that much convenient but because the hoarse is more efficient from the economic point of view.

Another is a manual operation which involves the processing of information on (2000) two thousand salaried people. The cost involved in this type of operation is numerous like personnel cost; turnover cost, raining cost, benefits, leave allowance, retirement costs, etc. then comes the computer which will not involve much cost. The only cost might be training and personnel. While the work would be done in a speedy time than in manual operation.

The computerization and its impact on the banking in Nigeria cannot be over emphasized. Just as earlier noted, the use of computer in banking and other financial institutions is still a very recent development.

Note all the banks and business sectors have actually computerized. Those that have gone computerized still leach computers is some departments which those banks which have not gone into computerization are still looking into the possibilities. But as a nation grows, its economy develops while the necessary tool that will help any economy to develop is the level of information obtainable.

The computer has an immense capacity fro storing information and for marring the data available when needed. Because of this information consciousness in the economy, it becomes apparent that for any meaningful development planning, the availability of information should be a necessary tool, banks therefore saw in this a need to go into computerization.

 Nevertheless, the advent of computer as stated earlier has some problems but looking at it very closely, it might not pose a problem to banks. These problems are training of personnel and financial cost. Then are very necessary before any bank could go into computerization. Training of personnel is very necessary for effective running and operation of any computer. The human being is the only thing that can operate a machine like computer, therefore without an effective personnel, the computer cannot be very efficient, just as stated once by a writer on computers.

My computer can read that is input

My computer can add that is output

It can  even remember than man, that is memory

But my computer cannot love, that is human all this are very necessary for the personnel raining for the effective running of a computer. As a conclusion the computerize an intellectual.


What is computerization as it relates to banking industry in Nigeria? Manual operation is fast being replaced by computer operation in the banking industry nowadays. What edge does the computer electronic machine has over the manual ones?

In an economic view point, how has this computerization in the banking industries help in alleviating the sufferings of the citizen of in Nigeria? Since the advent of computerization in the banking in Nigeria, it is appalling that the level of unemployment is still soaring up. Why has the act of fraud in the banking industry in Nigeria since the debit of computer more pronounced? And also sophisticated any costly errors made?

How do we achieve a more positive and efficient result with computer in the banking industry in Nigeria? These are some of the important questions which this study wishes to handle.


  1. Of what benefit is the computer electronic machine over the manual machine as it relates to banking industry in Nigeria.
  2. To what extent has computerization in the banking industry in Nigeria affected the economic development?
  3. To what extent has fraudulent practices as a occasion by computerization of banking industry affected the industry?
  4. How can a computer be maximally utilized towards making a positive impact in banking industry, in Nigeria?


The purpose of this study is to actually highlight the impact computerization has put forth on the banking industry since its involvement into the industry. It would also identify the uses which the computer would be put into in order to increase the operation efficiency and effectives of the banks.

However, the study would pay special attention to the united bank for Africa plc (UBA) in trying to state the effect of computer and its uses in banking industry.  The study is designed to give an overview of a computer application to the numerous service being rendered in our banks, how it affected output and efficiency, also how it has helped to improved the bank accounting information and storage system.

The study would look into the historical development of computer to enable us appreciate the dynamic nature of computer development.

Also the historical background of united bank for African plc (UBA) shall be examined the bank in computer utilization from its inception till date.

The content of the study would be directed towards actually banking activities and transactions. It would be such as to help in laying a foundation for anybody who does not have experience of the application of computers in banking have experiences of the application of computers in banking have a better understanding and conceptualization of its intricacies of operations.

The study would also provide an appraisal of the operational performance of the computer system, the problems associated with the use of the machine and provide possible solution to minister or eliminate the problems.


This study will be benefited by the following group of individual, corporations and companies, they includes:

  1. Student in school of financial studies: These students will benefit from this work in many ways, also helping them to know some certain problem associates with the introduction of computer in organization.
  2. Banking industry: This project work will yield an immense benefit to the banking industries in our economy. All thee banks that are intending to be computerized and already comprised ones will all benefit from that work.
  3. System analyst: The person who studies the existing system in an organization and changes the old to eh new system. He will benefit from this work in that, it will help to know some certain technicalities in implementing a new system.
  4. Shareholders of banks: The owner of banking industries (shareholders) will benefit from this work in that it will form a part of encouragement to them to computerize their banks since computerized banks yields more profit.
  5. Finance Horse: All the finance hoses, with benefit from the work including government will benefit from this work, it will help all of them in knowing the advantage and disadvantages of computerization and decide in which one to do.
  6. Depositors or investors tenders (be) benefit customers, will all benefit from the worn to customers, will certainly know hat computerized banks will not waste much of his her time while manual operated banks.


The major aim of this study is to highlight the impact of computerization on the banking industries and the scope would be restricted mainly to the United bank for African plc where almost all.





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