Africa Banking Network

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September 2009 Blog Posts (1)

"Preventing Financial Scandals With Training" - The Impact of Nigeria's Financial Scandal on Local Banks

The recent financial scandal in Nigeria has stirred local media attention and attracted international focus from all over the world. As word spread about the distribution of a billion dollar bailout, questions began to surface about the soundness of banks in this coastal African country. Concerns continued to grow when the Central Bank of Nigeria’s (CBN) new Governor, Sanusi Lamido Sanusi removed the CEO’s of five of the largest Nigerian banks. As a result of the Governor’s actions, many local… Continue

Added by Dr. Linda Eagle on September 14, 2009 at 8:00pm — No Comments

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