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Politics of Banking Reforms

In: The Nigerian Banking Sector Reforms

Author

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  • Seth Apati

Abstract

In his first official speech, on 7 July 2009, the new governor of the Central Bank of Nigeria (CBN) Sanusi Lamido Sanusi remarked that the banking sector did not face a systemic risk: ‘The CBN surveillance activities will receive new impetus to ensure efficient management and good corporate governance…Our view is that there are stress points in banks’ balance sheets (margin loans, proprietary positions, oil marketing names, unsecured large exposures) and these are being dimensioned.’ (based on various newspaper reports between 7 July and 9 July 2009)

Suggested Citation

  • Seth Apati, 2012. "Politics of Banking Reforms," Palgrave Macmillan Studies in Banking and Financial Institutions, in: The Nigerian Banking Sector Reforms, chapter 6, pages 104-140, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-0-230-30535-9_6
    DOI: 10.1057/9780230305359_6
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    Cited by:

    1. P. I. Omede, 2020. "A Tale of Two Markets: How Lower-end Borrowers Are Punished for Bank Regulatory Failures in Nigeria," Journal of Consumer Policy, Springer, vol. 43(3), pages 519-542, September.

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