By Shaka Momodu Since 2004 when the former governor of the Central Bank of Nigeria (CBN), Professor Charles Soludo, carried out reforms of Nigeria’s financial infrastructure, the system has grown in leaps and bounds. The reforms have dramatically transformed the banking landscape from an unfit-for-purpose financial system with 89 fragile banks that could neither support the economic transformation of the country through private sector-driven initiatives nor compete with foreign banks into (22 as of now) bigger and stronger banks. According to Soludo, “Confidence in the system was very low. All…
Read MoreKALU’S CONVICTION: EFCC AND SANCTITY OF COMMERCIAL TRANSACTIONS
