HISTORY OF THE DEPARTMENT
The department was introduced as a programme under the Department of Economics during 1989/90 academic session. The Department of Economics housed the programme for two academic sessions before it became autonomous. Prof. S.A. Tella was seconded from Economics Department to start-off and serve as the coordinator of the programme for that period. Since inception, the programme received acceptability and support from the banking sub-sector of the financial system in the form of lecturers and financial support.
The Banking and Finance programme became a full-fledge department in 1991/92 academic sessions wife five Lecturers and a Typist.
It is the mission of the department of Banking and Finance to provide quality education and provide quality education and professional training leading to the award of a B,Sc, (Banking and Finance) degree, which may be awarded with honours or as pass Degree. The ethics of banking which revolves mainly on transparent honesty is expected to be imbibed by the students of the department.
Towards this end, the curriculum is broadly interdisciplinary. First the students are exposed to foundation courses in English, Economics, Mathematics, Computer and Philosophy/logics as background for problem solving. Second, the Department offers compulsory “core” courses in Finance and Banking, Business and management, Accounting, Marketing Finance, production, Personnel and human Resources management, Quantitative techniques, Small Business and Business “Policy for career entry into Banking and Finance management positions in private and public business industrial enterprises.
Finally, students are expected to select a set of elective courses with orientation and enrichment to their general education and business/management career objectives and biases.
The capstone of the programme is the project work in which each student selects a finance or Banking or financial economics related problems for intensive study and apples his/her knowledge for its solutions under supervision of a member of academic staff in the department.
The objectives of the Department of Banking and Finance are to:
1) Provide and facilitate for a qualitative Banking and Finance education and training of young men and women for initial entry into management career.
2) Engage in research into local and national business related problems and contribute to the development and use of knowledge in the field of management, thereby helping to improve the practice of management.
3) Provide for the development of teachers and researchers in banking and finance management fields.
4) Establish a resource base for the development of local case studies and materials for the teaching of business management to teachers at both the secondary and tertiary institutions and to managers from business and industries.
5) Offers research and consultancy services in business management and related fields for the benefits of organizations both in the private and public sectors, for the state and federal governments that might require such services
Linkage with Chartered Institute of Bankers
The department was visited by the CIBN accreditation panel and was accredited in 1995/96 session. The CEBN also visited the department on 9th October, 2007 and was impressed with the standard of the department. It may be interesting to note that students from the department of Banking and Finance of Olabisi Onabanjo University, Ago-Iwoye have been the most successful in the CIBN examinations when compared with the overall results.
2. Admission Into Full-Time Programmes
1. Admission into 4-year Degree Programme:
- Five credits at WASC, GCE, NECO ‘O’ Level or Merit passes in Teacher’s Grade II at not more than two sittings in subjects which include English Language and Elementary Mathematics.
- 2.Candidates must take English Language, Elementary Mathematics and two other social science subjects at the UME Examinations.
2. Direct Admission into 3-Year Degree Programme:
- GCE ‘A’ Level or H.S.C Passes in Economics and Accounting. In addition, candidates are expected to possess five credits at W.A.S.C or G.C.E “O” Level in subjects which include English Language and Elementary Mathematics.
- National Diploma (N.D) in Banking and Finance or Accountancy or Business Studies of approved Polytechnic or Colleges of Technology with a grade not lower than the equivalent of lower Credit. In addition, the applicant must possess five credit at W.A.S.C or G.C.E “O” Level in subjects which include English language and Elementary Mathematics.
- National Certificate of Education (N.C.E.) in Accounting or Business Studies with distinctions, Credits/Merits in relevant subjects in addition to possessing credits in five “O^ Level subject or Grade II Teachers” Certificate which include English Language and Elementary Mathematics, iv. Part I (Sections 1 and U) passes of the Chartered Institute of Bankers or any recognized professional banking body provided the applicant -has five credit at WA.S-C or G.C.E “O” Level subjects or Grade H Teachers” Certificate which include English Language and Elementary Mathematics, and obtained in not more than two sittings.