(Mis)using Bank Share Capital as a Regulatory Tool to Force Bank Consolidations in Nigeria
Bibliographic Data
| ID | 16767463 |
|---|---|
| Authors | Tunde I Ogowewo, Tunde Ogowewo (King's College London), Chibuike Uche (0000-0002-8106-3067, University of Nigeria) |
| Year | 2006 |
| Volume | 50 |
| Issue | 2 |
| Pages | 161-186 |
| Publication date | 2006-10-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of African Law (JOURNAL) |
| Journal identifiers | ISSN: 0221-8553 • E-ISSN: 1464-3731 |
| Publisher | Cambridge University Press (PUBLISHER • US) |
| DOI | 10.1017/s0021855306000143 |
| OpenAlex | W2112804530 |
| Language | EN |
| Citations received | 1 |
This paper is a critique of the policy-making 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 macro-economic 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 policy-making episode and policy choice
Business · Capital (architecture) · Capital requirement · Central bank · Economic policy · Economics · Financial system · Geography · Law and economics · Macro · Market economy · Monetary economics · Monetary policy · Prioritization · Banking stability, regulation, efficiency · Islamic Finance and Banking Studies
| Citations per year | 0.11 |
|---|---|
| Citation span | 2017 - 2017 (1) |
| Highly cited | No |