Prof. Ikeotuonye Victor Okonkwo

Prof. Ikeotuonye Victor Okonkwo is a PROFESSOR in BANKING AND FINANCE Department, Faculty Of Management Sciences in Nnamdi Azikiwe University

Prof. Ikeotuonye Victor Okonkwo

Staff Profile

Professor Ikeotuonye Victor Okonkwo: Dip. in French Language; BSc (Insurance); Master of Business Administration (Banking and Finance); Ph.D (Cooperative Risk Management and Financing). Ikeotuonye Victor Okonkwo, commonly called Victor Ike Okonkwo is a Christian. He is a Professor of Financial and Risk Management in the Department of Banking and Finance, Nnamdi Azikiwe University, Awka Anambra State, Nigeria, and an adjunct Professor in the Department of Insurance and Risk Management, Enugu State University of Science and Technology Enugu, Nigeria. The institutions he attended included Nnamdi Azikiwe University, Awka - Nigeria (2006 – 2012); University of Orleans, France (1999 –2000); University of Nigeria Nsukka (Enugu Campus: 1993–1995); Anambra State University of Science and Technology, Enugu Nigeria (1987-1991); Christ the King College Onitsha, Nigeria (1980 -1985); and New Bethel Primary School Onitsha, Nigeria (1974 -1980). He is a member of the Academy of Management Nigeria. Ikeotuonye has been exposed to have interest in researching and couching in the financial services discipline. As at 2020, he has successfully supervised over 16 PhD dissertations, 12 MSc theses, 6 PGD research works, and many undergraduate research project reports. Victor Ike Okonkwo has authored a number of relevant textbooks including Motor Insurance Practice in Nigeria (Local and International editions); Portfolio Theory and Management; The Structure and Management of Insurance in Nigeria; Introduction to Insurance: A Nigerian Perspective; and Basic Principles and Practice Insurance. He has also written monographs including Value Added Tax in Nigeria Socio-Economic Management series; Reinsurance Monograph: Volume I and Volume II. He has numerous published research studies and publications in reputable peer reviewed national and international journals; and many other conference papers and seminar presentations. He has attended many relevant workshops and conferences. He has served as the Head of Department of Banking and Finance, Coordinator, Faculty of Management Sciences Diploma programme, and Coordinator, Departmental Postgraduate Studies. He is and accredited postgraduate supervisor, and external examiner for a number Universities for undergraduate and postgraduate programmes. His serves as member of National Universities Commission, Ad hoc Accreditation Panel. He served and is serving in various University Senate Committees, Faculty and Departmental Committees as member and Chairman in many. He is a volunteer, serving in Scripture Union Nigeria. He has interest in children and young people discipleship. He believes in sharing the gospel of Jesus Christ knowing that the main solution to humanity is recognition and fear of God. Of course, we need to love humanity and do acts within our reach to promote sustainable living among peoples of all nations. Therefore, innovations should gear towards solving problems of humanity not selfishly conceived widening gap in access to resources that will promote descent living among peoples. Area of academic and research interests The Area of academic and research interests include Financial and Risk Management; Insurance; Securities Market; Financial Technology and Economic development.

Personal Information

Email:
Phone:
Address:
Banking And Finance, Faculty Of Management Sciences, Nnamdi Azikiwe University, Awka.
Faculty/Unit:
FACULTY OF MANAGEMENT SCIENCES
Department/Sub-Unit:
BANKING AND FINANCE

Academic Qualifications

Degrees / Basic Certificates
1Christ The King College Onitsha. (SSCE, March, 1986)
September, 1980 to June, 1985
2New Bethel Primary School Onitsha. (FSLC, June, 1985)
September, 1974 to June, 1980

Relevant/Working Experience

1Chairman, FMS Staff Development Committee, Nnamdi Azikiwe University, Awka
January, 2021 to Present
2Postgraduate Programme Coordinator, Department of Banking and Finance,, Nnamdi Azikiwe University, Awka
October, 2019 to Present
3Ag Head of Department, Nnamdi Azikiwe University, Awka
December, 2015 to January, 2017
4Ag Head of Department, Nnamdi Azikiwe University, Awka
September, 2014 to November, 2015
5Member, University Senate Sports Committee,, Nnamdi Azikiwe University, Awka
October, 2008 to September, 2014
6FMS, Diploma programme Coordinator, Nnamdi Azikiwe University, Awka
October, 2005 to September, 2015
7FMS, Faculty Representative in Senate, Nnamdi Azikiwe University, Awka
October, 2005 to September, 2007
8Member, University Senate Sports Committee,, Nnamdi Azikiwe University, Awka
October, 2003 to September, 2006
9Department of Banking and Finance Examination Officer, Nnamdi Azikiwe University, Awka
October, 2000 to September, 2014
10Member, Faculty Examinations’ Committee, Nnamdi Azikiwe University, Awka
October, 2000 to September, 2001
11Chairman, Faculty of Management Sciences Environmental Committee, Nnamdi Azikiwe University, Awka
October, 1997 to September, 1998
12Dean of Studies, Community Secondary School, Isu –Awaa,, Community Secondary school Isu-Awaa
May, 1994 to September, 1995

Creative Output

Journal Articles
1Okonkwo, I. V. & Pius, O. J.. (2026, March), "Digital Transformation and the Profitability of Nigerian Banks: Investigating the effect of Digital Transaction value, AI Driven Fraud Detection, and Employee Efficiency.", . African Banking and Finance Review Journal (ABFRJ), 21(3); pp 161-180., Vol. 21, (Issue 3), pp 161-180
2Okonkwo, I. V. & Nwaji, U. 21(3);. (2026, March), "Assessing Financial Literacy Gap among Banking and Finance Students of Nnamdi Azikiwe University, Awka Anambra State, Nigeria.", African Banking and Finance Review Journal (ABFRJ), Vol. 21, (Issue 3), pp 1-22
3Okonkwo, I. V. & Okpunor, L.. (2026, January), "Macroeconomic Volatility and Economic Growth in Nigeria: An Empirical Analysis of the Fourth Republic (1999- 2024).", International Journal of Finance, Accounting and Management Studies (IJFAMS),, Vol. 2, (Issue 5), pp 109 - 129
4Okonkwo, I. V. & Uzochukwu, A. P.. (2026, January), "Quantifying the Influence of Electronic Transaction Channels on Financial Participation in Nigeria (2010 – 2024).", African Banking and Finance Review Journal (ABFRJ), Vol. 21, (Issue 1), pp 131-151
5Umukoro, B. & Okonkwo, I. V.. (2026, February), "Impact of Interest Rate Fluctuations on Financial Investment in Nigeria (2014-2014).", African Banking and Finance Review Journal (ABFRJ),, Vol. 21, (Issue 1), pp 48-73
6Okonkwo, I.V. & Egesionu, P. C.. (2026, January), "Financial Constraints and Renewable Energy Adoption in Nigeria (2010 – 2023). 21(1); pp 108-130.", African Banking and Finance Review Journal (ABFRJ),, Vol. 21, (Issue 1), pp 108-130.
7Okonkwo, I. V. & Okereke, S. C.. (2026, January), "Nigeria’s Economic Policy Uncertainty and Performance of Nigerian Exchange Group.", African Banking and Finance Review Journal (ABFRJ), Vol. 19, (Issue 19), pp 40-64
8Ogbonna, O. O. & Okonkwo, I. V.. (2025, September), "Financial Technology (FINTECH) and Money Market Development in Nigeria (2010 -2024)", African Banking and Finance Review Journal (ABFRJ) International Open Access Journal,, Vol. 20, (Issue 10), pp 1-19
9Enabulu, O.G., Okaro, C. S. & Okonkwo, I. V. 2(1), April, 2025;. (2025, April), "Funding structure and interest rate spreads in the Nigeria Banking Sector: Insights from Bank Deposit, Money market funding and capital structure.", Ambrose Alli University Journal of Banking and Finance, Vol. 2, (Issue 1), pp 209-222
10Chukwuka, N. C., Okonkwo, I. V. & Adigwe, P. K.. (2025, March), "Fiscal Policy measures and Performance of the Nigerian Economy: 2004-2024.", African Banking and Finance Review Journal (ABFRJ) International Open Access Journal, Vol. 20, (Issue 4), pp 105 - 124
11Uloghobui, Z. M. & Okonkwo, I. V. (2024). .. (2024, November), "Inflation Rate and Real Estate Investment Trust Scheme Returns in Nigeria (2011 – 2022)", International Journal of Finance, Accounting and Management Studies (IJFAMS), Vol. 1, (Issue 1), pp 148 -168.
12Uloghobui, Z. M. & Okonkwo, I. V.. (2024, October), "Corporate Social Responsibility Disclosure and Financial Performance of Listed Banks in Nigeria.", African Banking and Finance Review Journal (ABFRJ), Vol. 18, (Issue 19), pp 128-141.
13Takpa, B. S. & Okonkwo, I. V.. (2024, June), "Analysis of the effectiveness of E-dividend management system in Nigeria Stock Market. .", African Banking and Finance Review Journal (ABFRJ), Vol. 13, (Issue 13), pp 139 – 157
14Nwisienyi, K. J. & Okonkwo, I. V.. (2024, May), "Determinants of Foreign Direct Investment in Sub-Saharan Africa: A panel ARDL Approach.", African Banking and Finance Review Journal (ABFRJ), Vol. 12, (Issue 12), pp 16-26
15Bello, I. A., Okaro, C. S. & Okonkwo, I. V.. (2024, February), "Monetary Policy and Economic Growth of selected emerging African Economies.", African Banking and Finance Review Journal (ABFRJ), Vol. 9, (Issue 9), pp 221 – 237.
16Bello, I. A., Okaro, C. S. & Okonkwo, I. V.. (2024, January), "Comparative analysis of monetary policy on economic growth of some selected African Countries.", Unknown Journal or Publisher, Vol. 8, (Issue 8), pp 145-163
17Chioke, S, Nwankwo, B. C., Okonkwo, I. V. & Agbodike, F. C.. (2024, January), "Economic and Financial Crimes Commission (EFCC) and War against White-Collar Crimes in Nigeria.", Journal of Public Administration, Finance and Law Issue, Vol. 29, (Issue 2023), pp 97-110
18Nnoje, A. I. & Okonkwo, I. V.. (2024, January), "Effects of Fiscal Variations on Stock Market Turnover Ratio in Nigeria: 1990-2021", International Journal of Research Publication and Reviews, Vol. 5, (Issue 1), pp 5914-5925
19Ogwuma, M. M., Okonkwo, I. V., Adigwe, P. K. & Nwabeke, E. C.. (2024, February), "Sovereign Wealth Funds and Nigeria’s Economy.", African Journal of Accounting and Financial Research,, Vol. 7, (Issue 1), pp 101-118
20Bello, I. A., Okaro, C. S. & Okonkwo, I. V.. (2024, February), "Monetary Policy and Economic Growth of selected emerging African Economies.", African Banking and Finance Review Journal (ABFRJ), Vol. 9, (Issue 9), pp 221 – 237
21Bello, I. A., Okaro, C. S. & Okonkwo, I. V.. (2024, January), "Comparative analysis of monetary policy on economic growth of some selected African Countries", African Banking and Finance Review Journal (ABFRJ), Vol. 8, (Issue 8), pp 145-163
22Chioke, S, Nwankwo, B. C., Okonkwo, I. V. & Agbodike, F. C.. (2024, January), "Economic and Financial Crimes Commission (EFCC) and War against White-Collar Crimes in Nigeria", Journal of Public Administration, Finance and Law Issue, pp 97-110
23Nnoje, A. I. & Okonkwo, I. V.. (2024, January), "Effects of Fiscal Variations on Stock Market Turnover Ratio in Nigeria:1990-2021", International Journal of Research Publication and Reviews,, Vol. 5, (Issue 1), pp 5914-5925
24Ogwuma, M. M., Okonkwo, I. V., Adigwe, P. K. & Nwabeke, E. C.. (2024, February), "Sovereign Wealth Funds and Nigeria’s Economy", African Journal of Accounting and Financial Research,, Vol. 7, (Issue 1), pp 101-118
25Ogbonna, K. S., Akwam, O. P., Okonkwo, I. V. & Okaro, C. S.. (2023, April), "Financial Technology and Performance of Financial Institutions in Sub-Saharan African Economies: 2005-2021", African Banking and Finance Review Journal (ABFRJ), Vol. 1, (Issue 1), pp 54-67
26Nwadibe, C. E., Okonkwo, I. V. & Nwanna, I. O.. (2023, July), "Assessing the Determinants of Foreign Portfolio Investment in the Nigerian Financial Market: 2007-2021", African Banking and Finance Review Journal (ABFRJ), Vol. 3, (Issue 2), pp 273-293
27Akwam, O. P., Okaro, C. O. & Okonkwo, I. V.. (2023, July), "Financial Technology and Economic Growth in Selected Sub-Saharan African Countries: 2004-2021", African Banking and Finance Review Journal (ABFRJ), Vol. 2, (Issue 2), pp 102 -122
28Okoye, N. J., Okonkwo, I. V. & Okaro, C. S.. (2023, April), "Effect of Fraud and Corruption on Turnover ratio nexus in the Nigeria Capital Market", African Banking and Finance Review Journal (ABFRJ), Vol. 1, (Issue 1), pp 40-54
29Okoye, N. O., Okonkwo, I. V., Okaro, C. S. Olajide, B. M. & Otekunrin, A. O.. (2023, January), "Effect of Fraud and Corruption on Capital Market Performance in Nigeria. Journal of Economics, Management and Trade,", Journal of Economics, Management and Trade, Vol. 29, (Issue 1), pp 40-53
30Obiekwe, L. C., Okonkwo, I. V. & Adigwe, P. K.. (2023, November), "How has Cashless Policy Influenced Net Interest Margin of Commercial Banks in Nigeria: 2010-2022?", African Banking and Finance Review Journal, Vol. 6, (Issue 6), pp 249 - 272
31Nwokorobia, C. R. & Okonkwo, I. V.. (2023, September), "Government Capital Expenditure and Industrial Production Output: Empirical Evidence from Nigeria (1981-2022).", African Banking and Finance Review Journal (ABFRJ), Vol. 5, (Issue 5), pp 14-32
32Akuesodo, U. E., Okonkwo, I. V., Okaro, C. S. & Okoye, N. J. .. (2023, November), "Infrastructure deficit and Human development Index: Nigeria’s Experience.", Unknown Journal or Publisher, Vol. 6, (Issue 6), pp 273 - 291
33Nwokorobia, C. R. & Okonkwo, I. V.. (2023, June), "Consumer Price Index and Industrial Production Output: Empirical Evidence from Nigeria (1981-2022).", Journal of Management Sciences, Vol. 60, (Issue 1), pp 81-94.
34Akwam, O. P., Okaro, C. S. Okonkwo, I. V., Adigwe, P. K. & Ogbonna K. S,. (2023, July), "Financial Technology and Economic Growth in Selected Sub-Saharan African Countries: 2004-2021", African Banking and Finance Review Journal (ABFRJ), Vol. 2, (Issue 2), pp 102-122
35Ibeh, A. P., Nwakoby, C. N. & Okonkwo, I. V.. (2023, August), "Effect of Commercial Bank Financing of Small and Medium Scale Enterprises on Economic Development of Nigeria: 1992-2022", African Banking and Finance Review Journal (ABFRJ), Vol. 3, (Issue 3), pp 267- 283.
36Nwadibe, C. E., Okonkwo, I. V. & Nwanna, I. O.. (2023, July), "Assessing the Determinants of Foreign Portfolio Investment in the Nigerian Financial Market: 2007-2021.", African Banking and Finance Review Journal (ABFRJ), Vol. 3, (Issue 2), pp 273-293
37Okoye, N. J., Okonkwo, I. V. & Okaro, C. S.. (2023, April), "Effect of Fraud and Corruption on Turnover ratio nexus in the Nigeria Capital Market.", Unknown Journal or Publisher, Vol. 1, (Issue 1), pp 40-54
38Ogbonna, K. S., Akwam, O. P., Okonkwo, I. V. & Okaro, C. S.. (2023, April), "Financial Technology and Performance of Financial Institutions in Sub-Saharan African Economies: 2005-2021", African Banking and Finance Review Journal (ABFRJ), Vol. 1, (Issue 1), pp 54-67.
39Obiekwe, L. C., Okonkwo, I. V. & Adigwe, P. K.. (2023, November), "How has Cashless Policy Influenced Net Interest Margin of Commercial Banks in Nigeria: 2010-2022?", African Banking and Finance Review Journal,, Vol. 6, (Issue 6), pp 249 - 272
40Akuesodo, U. E., Okonkwo, I. V., Okaro, C. S. & Okoye, N. J.. (2023, November), "Infrastructure deficit and Human development Index: Nigeria’s Experience", African Banking and Finance Review Journal (ABFRJ), Vol. 6, (Issue 6), pp 273 - 291
41Nwokorobia, C. R. & Okonkwo, I. V.. (2023, October), "Government Capital Expenditure and Industrial Production Output: Empirical Evidence from Nigeria (1981-2022)", African Banking and Finance Review Journal (ABFRJ), Vol. 6, (Issue 6), pp 14- 32
42Nwokorobia, C. R. & Okonkwo, I. V.. (2023, June), "Consumer Price Index and Industrial Production Output: Empirical Evidence from Nigeria (1981-2022)", Journal of Management Sciences, Vol. 60, (Issue 1), pp 81-94
43Uduakobong, I. and Okonkwo, I. V.. (2022, June), "Micro Insurance Schemes and Insurance Penetration in Nigeria: An Integrative Review", The Journal of Risk Management and Insurance, Vol. 26, (Issue 1), pp 60-74
44Oladunni, O. E. & Okonkwo, I. V.. (2022, January), "Impact of Risk Retention on Claims Management of Insurance Companies in Nigeria.", Fuoye Journal of Finance and Contemporary Issues, Vol. 3, (Issue 1), pp 63-79
45Ejinkonye, R. C. & Okonkwo, I.V.. (2022, April), "Effect of Domestic Savings and Investments on Nigeria’s Economy: 1981-2020.", Asian Journal of Economics, Business and Accounting, Vol. 22, (Issue 9), pp 37-50
46Nwisienyi, K. J. & Okonkwo, I. V.. (2022, February), "Nigeria’s Economy and the African Continental Free Trade Agreement: Issues and Prospects.", Contemporary Journal of Banking and Finance, Vol. 2, (Issue 2), pp 17-35
47Uduakobong, I. and Okonkwo, I. V.. (2021, July), "Information and Communication Technology in Nigeria Insurance Industry: Developments, Challenges and Prospects", Journal of Economics, Finance and Management Studies, Vol. 4, (Issue 7), pp 1159 – 1171
48Afolayan, S. M. , Okonkwo, I. V. and Okaro, C. S.. (2021, April), "Value Added Tax rate change: Effects on inflation rate and government borrowing in Nigeria.", International Journal of Contemporary Issues in Accounting, Vol. 1, (Issue 1), pp 23-45
49Ali, J. I., Nwakoby, C., Okonkwo, I. V. & Yua, H.. (2020, July), "Effect of Banking Sector Reforms on the Growth of Manufacturing Sector in Developing Economies: A Study of Nigeria: 1986-2018.", nternational Journal of Business and Management Review, Vol. 8, (Issue 4), pp 11-38
50Okonkwo, I. V. & Ukoh, J. E.. (2020, July), "Foreign Direct Investment and Foreign Exchange Rate Fluctuations in Nigeria: 1981-2018.", International Journal of Social Sciences and Management Review, Vol. 3, (Issue 4), pp 63-96
51Okonkwo, I. V. & Fiiwe, J. L.. (2020, March), "The Role of Insurance Industry in Managing Emergency Risks in Real Estate Industry in Nigeria", International Journal of Social Sciences and Management Review, Vol. 3, (Issue 2), pp 159-170
52Yua, H., Okonkwo, I. V., Okaro, C. S. & Ogbonna, K. S.. (2020, April), "Effect of Financial Structure and Economic Growth in Sub- Sahara Africa Economies. A Comparative Study of South Africa and Kenya", IOSR Journal of Business and Management (IOSR-JBM), Vol. 22, (Issue 4), pp 31-43
53Okonkwo, I. V. and Chukwu, K. O.. (2019, May), "Government Tax Revenue and Economic Development in Nigeria: 1996-2017", International Journal of Research in Business, Economics and Management, Vol. 3, (Issue 3), pp 91-105
54Okonkwo, I. V. and Afolayan, S. M.. (2019, January), "How Productive is Value Added Tax Revenue in Nigeria between 1994 and 2016?", IOSR Journal of Economics and Finance (IOSR-JEF), Vol. 10, (Issue 1), pp 16-29
55Okonkwo, I. V. and Eche, A. U... (2019, January), "Insurance Penetration Rate and Economic Growth in Nigeria: 1981-2017", International Journal of Social Sciences and Management Review, Vol. 2, (Issue 1), pp 22-45
56Okonkwo, I. V. and Okeke, D. C.. (2019, January), "Developments and Innovations in Nigerian Insurance Industry: 2010-2018.", International Journal of Research in Business, Economics and Management, Vol. 3, (Issue 1), pp 105 – 121
57Okonkwo, I. V. and Ngini, S. O.. (2018, June), "Analysis of Fiscal Responsibility and the Nigerian Economy: 1997-2017.", ASUU Journal of Social Sciences. A Journal of Research and Development, Vol. 5, (Issue 1), pp 61-85
58Izekor, A. O. and Okonkwo, I. V.. (2018, February), "Effect of Oil Price Fluctuations on Nigeria Foreign Reserves: 1982-2015.", Journal of Economics and Developmental Studies (JEDS), Vol. 6, (Issue 1), pp 21-40
59Okonkwo, I. V. and Onu, E. E.. (2018, September), "Insurance Sector Integration in West African Economic Bloc: Issues, Protocols, Challenges and Prospects", International Journal of Research in Business, Economics and Management, Vol. 2, (Issue 5), pp 38-50
60Okonkwo, I. V. and Nwokeji, M. I.. (2018, November), "Credit Risk Management and Financial Performance of Deposit Money Banks in Nigeria: 2003-2016 1(02), 8-23.", International Journal of Social Sciences and Management Review, Vol. 1, (Issue 2), pp 8-23
61Okonkwo, I. V. and Fiiwe, J. L.. (2018, September), "Insurance Intermediaries and Other Support Services Providers: Issues, Challenges and Prospects.", International Journal of Research in Business, Economics and Management, Vol. 2, (Issue 5), pp 176-187
62Okonkwo, I. V. and Mojekwu, K. O.. (2018, March), "Crude Oil Price Fluctuations and Nigeria Economic Growth: 1997-2015", International Journal of Research in Business, Economics and Management (IJRBEM), Vol. 2, (Issue 2), pp 46-61

Academic Leadership Qualities

Examinerships
1Chief Examiner, "Undergraduate external examination" (April, 2021 to October, 2021). Completed External Exam
Accreditation Panel Memberships
1Member, "MSc Finance Programme Caleb University, Imota Lagos State" (December, 2021)
Contributions to the University/Society
1Professorial assessor, "Imo State University Owerri Imo State Nigeria" (February, 2022 to February, 2022)
2Professorial assessor, "Benson Idahosa University Benin City" (March, 2022 to November, 2022)
3Departmental Postgraduate Coordinator, "Nnamdi Azikiwe University, Awka" (February, 2022)
4Collation officer, "Independent National Electoral Commission" (February, 2019 to April, 2019)
5Collation officer, "Independent National Electoral Commission" (March, 2019 to March, 2019)
6Head of Department, "Nnamdi Azikiwe University, Awka" (September, 2014 to January, 2017)
7Head of Department, "Nnamdi Azikiwe University, Awka" (September, 2014 to January, 2017)

Membership of Professional/Relevant Bodies

1Full Member, "The Academy of Management Nigeria" - TAMN/FIM/2017/466 (member since 2017), https://www.tamn-ng.org
2Full Member, "The Academy of Management Nigeria" - TAMN/FIM/2017/466 (member since 2017), https://www.tamn-ng.org