Bank Consolidation and Recapitalization in Nigeria
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Date
2006
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DEpartment of Business Administration, University of Ilorin
Abstract
This paper evaluates merger and acquisition option in meeting up with the new reform on bank consolidation and recapitalization in Nigeria, It is hoped that it would serve as reference point to the technocrats, public and other relevant regulatory agencies charged with the task of achieving credible reforms in the Nigerian banking industry. The issues evaluated related to historical perspective of capital Reforms and mergers & acquisitions, meaning & procedure, objectives, conceptual clarification, legal framework, problems and risks associated with merger & acquisition in Nigeria. This paper concluded that merger and acquisition is a very complex process, though it holds great potentials for the consolidation and recapitalization reform in the banking industry, if consciously implemented.
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Keywords
Technocrats, Public, Banking industry, Reforms