Elusive would be the man's desire for better condition of living, self-actualization, profit and self-satisfaction etc, without a leader to coordinate and direct both human and material resources towards the attainment of these desires.Again, organizations would only be a shadow of themselves, if there were no properly set goals. These goals, would be properly set, periodically reviewed, achieved and sustained. Evidence abounds on recorded history that the failure and success of most public and private organizations were traceable to leadership in attainment of organizational goals.Effective leadership, which is a veritable tool, embodies such qualities as effective communication, coordination, honesty and motivation. It is viewed that leaders and managers should use the qualities of effective leadership in order to attain the organizational set goals within the time frame. To this end, the leadership of Financo.