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Information is a critical resource in organizational management and organizations use huge amount of information to enable solve their daily problems. The problems organizations are faced with maybe managerial, administrative or technical but no matter the nature of the problems, they can be managed properly if relevant information is provided to them at the right time and in the right form. Information is not just relevant in the personal development of individuals but also in increasing the viability of organizations. This study discovered the roles of bank libraries and the challenges they encounter with a view to determining the strategies that can be employed to manage the challenges and enhance the functions of bank libraries in Nigeria. The Central Bank of Nigeria, Enugu branch Library was the case study for this work. The purpose of this study was to investigate the roles of the Central Bank of Nigeria, Enugu branch library, identify the nature of resources found in them, identify the users perception of the library, investigate the challenges facing the library and also, proffer strategies that can help improve the role of the Central Bank of Nigeria, Enugu branch library.