The aim of this study is to examine the pattern of credit risk management and the consequential effect of bad, doubtful and uncollectible debts. In most banks, colossal debt burden has continued to mount pressure on their ability to balance liquidity in value asset and liabilities. Accordingly, a survey of 40 respondents made up of CBN regulator, NDIC supervisor and UBA operator was carried out, simple percentage frequency tabulated were used as the statistical test of analysis. The study revealed that while CBN and NDIC rated the risk management of asset and mounting debt profile low, UBA Plc rated itself effectively high. The study recommends periodic review of credit profile and monitoring the debt portfolio to prevent banks distress.