Effects of internal control system on the performance of selected deposit money banks, the case study of GTBank and Access Bank

Effects of internal control system on the performance of selected deposit money banks, the case study of GTBank and Access Bank

Registration ID: IJNRD_205264

Published ID: IJNRD2309178

DOI: Click Here to Get

Oyedele K.S. , Ojo K , Aworemi J.R., , Abiri O.N.,

: internal controls, bank performance, corporate governance, Nigeria, risk management, profitability

This paper examines the correlations between internal control systems and financial performance at two major Nigerian banks - GTBank and Access Bank. Quantitative correlation analysis was conducted between control factors like environment, risk assessment, and monitoring and performance metrics including return on assets (ROA), return on equity (ROE), and efficiency ratios. The results showed positive correlations between control environment, risk management, information systems and profitability. However, excessive monitoring and bureaucratic controls had negative associations, indicating potential over-control. Corporate governance factors like board expertise improved performance, while concentrated executive incentives were detrimental. The findings highlight the complex interdependencies between internal controls, governance, regulation and bank performance. They underscore balancing oversight with operational efficiency through tailored control systems.

Published Paper   E-Certificate

"Effects of internal control system on the performance of selected deposit money banks, the case study of GTBank and Access Bank", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.8, Issue 9, page no.b682-b692, September-2023, Available :https://ijnrd.org/papers/IJNRD2309178.pdf

Volume 8 Issue 9, September-2023

Pages : b682-b692

Paper Reg. ID: IJNRD_205264

Published Paper Id: IJNRD2309178

Downloads: 000121220

Research Area: Management

Country: Ogbomoso, Oyo State, Nigeria

Published Paper PDF: https://ijnrd.org/papers/IJNRD2309178.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2309178

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJNRD (IJ Publication) Janvi Wave

This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition

Call For Paper - Volume 10 | Issue 8 | August 2025

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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (IJNRD) aims to explore advances in research pertaining to applied, theoretical and experimental Technological studies. The goal is to promote scientific information interchange between researchers, developers, engineers, students, and practitioners working in and around the world. IJNRD will provide an opportunity for practitioners and educators of engineering field to exchange research evidence, models of best practice and innovative ideas.

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