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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:(Mis)using bank share capital as a regulatory tool to force bank consolidations in Nigeria
Authors:Ogowewo, Tunde I.ISNI
Uche, ChibuikeISNI
Year:2006
Periodical:Journal of African Law
Volume:50
Issue:2
Pages:161-186
Language:English
Geographic term:Nigeria
Subjects:banks
capital
monetary policy
banking law
External link:https://www.jstor.org/stable/27607970
Abstract:This paper is a critique of the policymaking process and the particular policy choice made by the Central Bank of Nigeria with respect to the recent increase in the minimum share capital requirement for Nigerian banks. The article questions the apparent prioritization by the Central Bank of banking supervision, important though it is, over macroeconomic stability. It also draws attention to serious public law issues (breach of monetary law and abuse of power) and the private law implications (conflicts of interests, scheme of arrangement defects, and negligent valuations) of this policymaking episode and policy choice. App., notes, ref., sum. (p. ii). [Journal abstract]