Banking Sector Crisis and Resolution Options in Nigeria

Abstract

The objective of this paper is to x-ray banking sector crisis and its resolution options in Nigeria. The causes and impacts of banking crisis as well as the way forward for such crisis is examined. The paper is divided into six main sections. Section 1 Introduction, Section 2 gives the conceptual/jurisdictional experience of banking crisis. Section 3 gives an overview of the structure of the Nigerian banking sector, the causes of banking crisis and its impacts on the economy, while Section 4 highlights the various banking sector resolution options and the Nigerian experience in banking sector crisis resolution. Section 5 highlights the way forward, while Section 6 is the conclusion.