EXCLUSIVE: Nigeria’s Sanusi explains banking sector bloodletting
There was no choice but to act swiftly and decisively when firing the bosses of eight troubled Nigerian banks late last year, Sanusi Lamido Sanusi, the governor of the Central Bank of Nigeria, told CentralBanking.com on Wednesday.
Sanusi fired eight bank chief executives between 14 August 5 October last year, pointing to the grave mismanagement of their institutions. Five of the lenders- Intercontinental Bank, Oceanic Bank, FinBank, Afribank and Union Bank- had to be rescued by the central bank
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on People
Bulgarian deputy hails court ruling to annul his suspension
Gurov says decision confirms that Bulgarian anti-corruption body engaged in “political interference”
Five veterans join Central Banking's advisory board
New members come from Italy, Kenya, Singapore, Switzerland and the US
South Sudan’s president fires central bank governor
Garang replaced by Johnny Ohisa Damian, who previously held position before his own dismissal in 2023
India appoints Malhotra as central bank governor
Government chooses not to renew Das’s term for another three years
Hungary’s PM chooses finance minister as MNB governor
Appointment of Mihály Varga likely to improve bank’s relations with government after recent tensions
People: October to December 2024
A round-up of central bankers in the news and on the move
People: New faces on IMF exec board
Plus, appointments at Deutsche Bundesbank and Czech central bank
Pablo Hernández de Cos to be next BIS general manager
Agustín Carstens will leave in 2025 after leading transformation project