The Department of Banking and Finance was established in the 1999/2000 academic session along with the other two departments in the Sanusi Lamido Sanusi College of Business and Management Studies. However, the Department was initially warehoused by the Department of Accounting.
Professor E.O. Izedonmi, the then Dean of the College, had the responsibility of overseeing the affairs of the Department and nurturing it until it came on its own in the 2002/2003 academic session, with Mr. Benson A. Akintola as the pioneer Lecturer-in-charge of the Department.
Igbinedion University Okada was the first private university in Nigeria with registration certificate No. 001 presented to the founder/proprietor and the honorable chancellor, Sir (Dr) Chief Gabriel 0. Igbinedion, the Esama of Benin kingdom, by the Federal Government of Nigeria on 10th of May 1999. The University, however, began its academic operations on 5111 October 1999 with 112 students.
Within the span of thirteen academic sessions from 1999/2000 to 2012/2013 the University has attracted students not only in Nigeria but also from other countries. In particular, the University has attracted students from all 36 states of the federation and Federal Capital Territory (FCT) Abuja as well as from foreign countries. The staff mix of the university also reflects this national spread or federal character and, right from its inception to-date, the University always has a good number of foreign nationals among its teaching and non-teaching staff thus, Igbinedion University Okada can be rightly described as one having a strong federal character, one with strong attraction for students within and outside Nigeria, a university of choice with a difference, and a private university with a clear vision, strong sense of mission and objectives poised to take its place gradually in the comity of similar Ivy Leaque Universities in the UK and the USA.
Mission Of The University
- To pursue excellence in teaching, research, and scholarship through the provision of an unequaled range of facilities and opportunities for education, training, and employment for all those able to benefit without any kind of discrimination.
- To advance human advancement, prosperity, and public welfare through teaching and research that encourage the application of knowledge, promote discipline, emphasize self-employment, and to acquire and manage resources effectively to achieve these aims.
THE DEPARTMENT INTENDS TO ACHIEVE THIS MISSION THROUGH
- Offering state-of-the-art training that prepares its graduates for responsibilities of the world of work and will produce graduates that are the most sought-after by all employers labour as well as postgraduate schools and research institutes;
- Establishing institutional linkages for mutually beneficial relationships; and
- Striving to become a centre of excellence where expertise and facilities to accelerate the pace of the nation’s development can be provided.
In this way, the department will contribute to the realization of Igbinedion University’s mission of “advancing human development ... through teaching and research that encourage the acquisition and application of knowledge”
Candidates are admitted into the undergraduate degree programmes of the department in any of the following three ways:
- Through University Matriculation Examination (UME)
- By Direct Entry
- Through Inter-University Transfer.
Each department within the University has its own specific requirements with respect to admission, but these in general conform to the minimum University Matriculation requirements. The requirements for each Department are specified in the appropriate sections of Departmental programmes.
In general, candidates seeking admission through University Matriculation Examination (UME) into 100 level of the four year programme leading to the award of Bachelor of Science (Bsc.) degree of Banking and finance should possess a minimum of five credit passes at GCE/SSCE/NECO examinations which must include English language, Mathematics, Economics or Commerce. Equivalent of five credits obtained the in examination conducted by the National Board for Technical Education (NABTEB) are also accepted. In addition to these requirements, the university requires that students make an acceptable pass, on the university matriculation Examination (UME) conducted by the Joint Admission and Matriculation Examination (JAMB) which represent a global screening examination. In addition, the university normally further screens candidates for admission into its degree programmes.
DIRECT ENTRY MODE
Candidate seeking Direct Entry admission to the 200-level of a degree program should posses at least two subject at the Advance level in the GCE student with two subject at the NCE, or with Diploma degree of the recognized institution are accepted provided that they have satisfied all University Matriculation requirements. Furthermore, the University reserves the right of further screen students for admission.
Candidates wishing to transfer into the department from another university must obtain and till the inter-university transfer from the university’s admission office. All such application for inter- university transfer will be treated on their own merits. All inter- university transfer candidates will normally be admitted into not higher than 200 level of the receiving program me.
No candidate will be admitted into the department unless the department is satisfied that the candidate has met the minimum academic requirement for admission to the programme the candidate has chosen.
COURSES CREDIT AND GRADING SYSTEM
The University operates a course credit system in which subject areas are broken down into examinable units called courses. all courses offered in the department are assigned credits and students earn credits for courses passed.
A credit unit refers to a specified number of hours of students teacher contact for lectures / tutorials of one hour per week semester of fifteen weeks hence one credit unit is one hour of lectures or tutorial per week semester of fifteen weeks or an equivalent amount of study, such as seminars, laboratory, industrial attachment, or fieldwork, or any combination of these. For example, one week of industrial attachment may be equivalent of one hour of lecture per week per semester.
If at the end of the session a student grade point average (GPA) is less than 1.50, then he/she will be placed on probation for a special period of one full session. If at the end of this probation period a student’s SPA is still less than 1.50, then the student will be asked to withdraw from the programme of study. A student who is so withdrawn need not leave the university; he may transfer to another programme within the university.
GRADE POINT AVERAGE (GPA)
Grade point average (GPA) is a measure of the average performance of a student for a semester or session expressed in grade points in all the courses taken by the student during the semester or session expressed in grade points earned in all the courses taken by the student during the semester or session. The grade point average (SPA) is derived from the actual raw scores in given courses obtained by a student. It is computed by multiplying the grade point (G.P) attained in each courses by the credit units assigned to that course and then dividing the sum by the total credits taken for the semester or session.
CUMULATIVE GRADE POINT AVERAGE (CGPA)
This is an up-to date average or mean of the grade points( G.P) earned by a student at any point in his/ her programme of study. The cumulative grade point average (CGPA) depicts the students overall performance in his/her programme of study at the given time, it is derived by multiplying the grade points earned by the students in each courses taken by their respective credits units and summing these products for all the courses taken to date and then dividing this aggregate sum by the sum of the total credits of all the courses registered by the student.
This refers to the specified minimum and maximum number of credits a student is expected to take during the semester and session. A Student shall normally, in any academic year, be allowed to register for a minimum of 40 credits and a maximum of 50 credits. This means that no student earn more than 50 credits at the end of each academic year. Student should take between 20 and 25 credits in each semester in any academic year.
All course offered in the department are coded by assigning them a three lettered prefix followed by three digits numbers. The three- letter prefixes and the three digits numbers are assigned to represent the department, level, semester and major (in the case of the B .sc in Banking and finance programme). The department courses are courses offered and taught by the department.
At the beginning of every session, all students are to register for their entire course for that session, using registration forms provided by the Examination and records unit of the registry. Recently, on-line registration was introduced, and has become the required practice. A student is not registered for an academic session unless and until the on-line registration procedures have been completed. Two weeks shall normally be allowed for registration every session. Late registration fee is charged as determined from time to time by the University. A student who is registering late must attach his payment receipt to his registration form.
Any student who fails to register within two months of the beginning of the session shall not be allowed to register for that session, and shall forfeit the benefit of taking any examination in any semester of that session. Such a student shall be deemed to have voluntary withdrawal from the University, and shall be readmitted in the subsequent session only with the approval of the senate. For the Student admitted to 100 level or through Direct Entry, his/her admission shall be considered to have lapsed.
Students who attend lectures in course that they have not registered for shall do so only with the express permission of the lecturer(s) in charge of the courses. However, such students shall not earn any credit from such courses.
The head of the department appoint a course adviser from among the academic staff of the department for each level of students. The course adviser shall advise the students on university regulations as they relate to their studentship as well as ensure that the students select course in accordance with the regulations governing the award of the degree for which he has enrolled. He/she has the primary responsibility of ensuring that the students duly register for the course and credits required of their level and status, all register forms, course forms, and entry into Examination forms must, therefore, be approved and signed by the student’s course adviser before they undergo other processing. Course adviser are expected to exercise these responsibilities with diligence and devotion to duty
Courses for each degree programme are categorized as follows:
- CORE course are those which a student enrolled in the relevant degree programme must take but also pass it to qualify for award of the degree. For each degree programme, its core course is so indicated in the programme curriculum.
- COMPULSORY courses are those taken by a student according to his area of specialization in the B .Sc in Banking and Finance programme. The compulsory elective course must be taken as a bloc to meet the degree requirements of majoring in the students chosen area of specialization.
- COMPULSORY ELECTIVE course are those taken by a student according-to his area of specialization in the B. Sc in Banking and Finance programme. The compulsory elective course must be taken as a bloc to meet the degree requirements of majoring in the students chosen area of specialization.
- ELECTIVE course are those taken by a student according to his interest (but, however, subject to departmental approval) and are additional to the CORE, COMPULSORY and COMPULSORY ELECTIVE courses he must take. Elective course are usually taken from other departments within and outside the department. The course advisers will advise the students on the elective courses to take, when necessary, and from which departments
Courses may have pre-requisites. Pre-requisites courses are those courses a student must take and pass before being allowed to register for following (relevant) higher-level courses. However, a student who fails to pass a pre-requisite course may be allowed to register concurrently for a following higher-level course, provided such is approved by his/her department.
CHANGE OF COURSE
Students may add or drop courses for which they have registered within one month of the beginning of lectures. However, such changes shall be allowed only subject to meeting the requirements of the receiving department.
DURATION OF DEGREE PROGRAMME
Generally, the degree programmes in the college will be a minimum of 3 years duration for Direct Entry students and 4 years duration for the UME students .The maximum number of years allowable for a course of study to earn a Bachelors degree is 6 years.
For a student to qualify for graduation from any of the B.Sc. degree programmes in the college, he/she must have passed all the prescribed courses in addition to satisfactorily meeting the Industrial Training requirements (where necessary), and passing all the General Studies courses of the University.
The minimum number of earned credit required for graduation is 120 units, at least 30 credits accumulated in each session for a four-year degree programme as follows:
- 30 credit units from 100 level courses
- 30 credit units from 200 level courses
- 30 credit units from 300 level courses
- 30 credits units from 400 level courses
For a three-year programme, a minimum of 90 credit units are required for graduation, at least 30 credit accumulated in each session as follows:
- 30 credit units from 200 level courses
- 30 credit units from 300 level courses
- 30 credit units froth 400 level courses
Students shall take examination in all courses they registered for at the end of each semester, The semester examination shall contribute 70 percent of the total marks for each course at the end of the sernester. Credits will be assigned to courses passed. Marks scored for any courses not originally registered for will be disregarded. The Grade Point Average (GPA) will be calculated on the basis of the total number of courses registered for during the semester, whether passed or failed.
There shall be a continuous assessment in all courses offered in the department. The continuous assessment consists of written assignments, term papers, periodic tests/quizzes, a mid-semester examination, and attendance at lectures and tutorial. The continuous assessment shall contribute a maximum of 30 percent of the total marks for each course at the end of the semester.
About the School
The University commenced its academic programmes in the 1999/2000 session in five Colleges namely, Arts and Social Sciences, Business and Management Studies, Health Sciences, Law and Natural and Appli ... Read More