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Case Study: The Union Bank Recapitalisation Process

In: Banking Reform in Nigeria

Author

Listed:
  • Yomi Makanjuola

    (Freelance Business Consultant)

Abstract

To reiterate the arc of earlier chapters, eight banking institutions were effectively under the control of the Central Bank of Nigeria (CBN) by October 2009, in the wake of the special examination of the Nigerian banking sector conducted by a joint CBN and Nigeria Deposit Insurance Corporation (NDIC) audit team. In the process, the boards and executive management of all eight banks were summarily dismissed.

Suggested Citation

  • Yomi Makanjuola, 2015. "Case Study: The Union Bank Recapitalisation Process," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Banking Reform in Nigeria, chapter 8, pages 132-150, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-1-137-49353-8_9
    DOI: 10.1007/978-1-137-49353-8_9
    as

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