Don’t Repeat Soludo’s Banking Sector Recapitalisation Mistake, Ex-CIBN President Tells Cardoso

The Central Bank of Nigeria (CBN) led by Olayemi Cardoso has been warned against repeating the mistakes made by the former governor, Chukwuma Soludo during the 2005 banking sector capitalisation which led to unhealthy mergers and acquisitions.

Prof Segun Ajibola, the former President of the Chartered Institute of Bankers of Nigeria (CIBN) gave the advice on Tuesday while suggesting a healthy means of conducting bank recapitalisation