Case Study: The Union Bank Recapitalisation Process

Yomi Makanjuola
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Yomi Makanjuola: Freelance Business Consultant

Chapter 8 in Banking Reform in Nigeria, 2015, pp 132-150 from Palgrave Macmillan

Abstract: 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.

Keywords: Corporate Governance; Banking Sector; Capital Adequacy; Banking Institution; Weak Internal Control (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-49353-8_9

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DOI: 10.1007/978-1-137-49353-8_9

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