IDEAS home Printed from https://ideas.repec.org/h/pal/pmschp/978-1-137-49353-8_2.html
   My bibliography  Save this book chapter

High Stakes Intervention

In: Banking Reform in Nigeria

Author

Listed:
  • Yomi Makanjuola

    (Freelance Business Consultant)

Abstract

In June 2009, the financial grapevine in Nigeria was rife with reports of public sector debt overhang, margin-loans malaise and possible banking sector collapse. As the Central Bank of Nigeria (CBN) contemplated an official response to the deepening crisis, it was imperative that the CBN’s new helmsman, Sanusi Lamido Sanusi, should have seasoned and trusted advisers to work with him on his impending mission. Habitually, reformers tend to be either traditionalists or progressives, individuals that often challenge and moderate each other’s opinions. For optimum team performance, inherently the most important ingredients are vision and cohesion, the ability to faithfully align behind a robust strategy and to execute conscientiously. In the absence of a standard playbook, the CBN required a novel crisis management approach with the primary goals of delivering the Nigerian banking sector to safe harbour and to ensure that depositors were protected.

Suggested Citation

  • Yomi Makanjuola, 2015. "High Stakes Intervention," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Banking Reform in Nigeria, chapter 1, pages 4-22, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-1-137-49353-8_2
    DOI: 10.1007/978-1-137-49353-8_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:pmschp:978-1-137-49353-8_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.