For one to be a leader in any given organization in the modern society, such a person must be literate and a reasonable knowledge which must be put to use. A leader most possesses good qualities of communication and techniques of persuasion, he should have knowledge of negotiation and peaceful settlement of dispute, and he must be familiar with the problem areas as well as potentialities of those being lead.
1.1 BACKGROUND OF STUDY
One can be successful by the recognition of two basic facts, that men are dynamic, and are entirely different from each other. Human being respond not only to the carrot and stick but also to ambition and patriotism .a good, desirable, commendable, popularly acceptable leader is the one who lead by example, has integrity, simplicity, accountability, companion, the ability to listen to it subordinate ‘s complain or need.
The person who occupies leadership possession should has human feels and exhortation to his followers by the process called communication since leadership involve influencing others in a group. This emerges in a group to pursue a common goal or objective due to certain quality or qualities by the group. Leaders play crucial and critical roles in helping groups, organizations, and societies to achieve their goals; for instance, the governor at the state level or president of a country, traditional rulers in their respective domains. However, leadership in this context will be discussed in relation to business organization development.
The theory of leadership, the trait approach traced back to the ancient Greek philosopher; Plato, who concluded that Greek men who were born with some certain traits that distinguish them from non-leaders, primary , exercised leadership potential in other words, leaders were born and not made, given the disenchantments with the trait approach to leadership. Researchers in the late 1940s began to shift attention to examine the relationship between leader’s behavior and subordinate satisfaction and performance. This is known as behavioral approach.
The current approach to leadership style is to inferences the particular style to the situation faced by the leaders most current workers view leadership style as a continuation from extreme employee’s orientation to extreme tasks orientation. The above approaches, leadership style, however, must develop their own viewpoints after considering their assumptions and inclinations. Effective leadership set great value on participation, mutual goal setting and opens link communication system confronting rather than avoiding problems, tern building and trust.
1.2 HISTORITICAL VIEW POINT OF THE CASE STUDY
The history of First Bank can be traced back to 1894 and the Bank of British West Africa. The Bank originally served the British shipping and trading agencies in Nigeria. The founder, Alfred Lewis Jones, was a shipping magnate who originally have a monopoly on importing silver currency into West Africa through his Elder Dumpster Shipping Company. According to its founders, without a Bank, Economist were reduced to using batter and a wide variety of mediums of exchange, leading to unsound practices. A bank could provide a secured room for deposit and also a uniform medium of exchange. The bank primarily financed foreign trade, but did little lending to indigenous Nigerians, who had little to offer as collateral for loans.