Nigeria In One Minute
‘How to curb incidence of banks’ failure in Nigeria’
As the nation grapples with the issue of Skye Bank takeover, the bank’s shareholders, University Dons, Professors Franklin Ngwu and Uche Uwaleke have prescribed ways to stem the prevalence cases of failed banks in Nigeria.
The duo, who spoke in an interview with The Guardian, argued that urgent steps must be taken to address the anomaly to restore depositors and shareholders confidence in Nigerian banks for improved financial inclusion.
Indeed, there has been increasing level of banks failure in Nigeria in recent times, which has become as source of worry and elicited reactions from various stakeholders.
The occurrence has caused shareholders to lose investment worth billions of naira and subsequently subject them to untold hardship.
The Guardian, October 17, 2018
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