Nigeria's banking sector - Kemi Adeosun - Chapel Hill Denham

Looking at some of the recent reports out on the reforms taking place in Nigeria's banking sector, we've seen the IMF over the weekend, at the ongoing IMF/World Bank Annual Meetings, say that the reforms by the Central Bank of Nigeria to correct the "lax lending standards'' in Nigerian banks would restore confidence in the banking sector. Of course, the CBN had sacked the management of 5 banks in the last three months and injected over N420 billion into the banks to buoy their operations and save customers deposits. And now we've seen 4 MORE banks' executives under fire along with s further injection of N200 billion into the latest affected institutions, raising the bailout funds for 10 banks in the country to N620 billion. To provide us with a sense of the feeling on home turf right now Kemi Adeosun of Chapel Hill Denham

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