Abstract
This paper examines the need for re-capitalization/consolidation of banking industry in Nigeria; it's is relevance to the survival of banks in financial crisis and the degree of compliance of banks to regulatory guidelines. It recognizes that no amount of capital can prevent the failure of a mismanaged bank, and that a strong well-managed bank can operate with little capital. Hence, it recommends that regulatory guidelines should include quarterly or yearly appraisal of the quality, character, ability, and profile of management of post-consolidated banks by the Central Bank of Nigeria.
This paper examines the need for re-capitalization/consolidation of banking industry in Nigeria; it's is relevance to the survival of banks in financial crisis and the degree of compliance of banks to regulatory guidelines. It recognizes that no amount of capital can prevent the failure of a mismanaged bank, and that a strong well-managed bank can operate with little capital. Hence, it recommends that regulatory guidelines should include quarterly or yearly appraisal of the quality, character, ability, and profile of management of post-consolidated banks by the Central Bank of Nigeria.