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. In the 2003/2004 academic session, the Department graduated its pioneer students who were four (4)
in number Twelve (12) students were graduated in the 2004/2005 session, Four (4) students in the 2005/2006 session, twenty (20) students in the 2006/2007 session, seventeen (17) in the 2007/2008 session, eight (8) in the 2008/2009 session, seventeen (17) in the 2009/2010 academic session, one (1) in the 2010/2011 session, and eight (8) in the 2011/2012 session. The student population currently stands at 18. The breakdown is as follows:
100L – 02
200L – 10
300L – 01
400L – 05
Total= 18
The staff strength of the Department now comprises 4 academic staff and 2 non-academic staff and every staff individually occupies an office. The Department shares Library with other departments in the college.