Supervision of banking industry in Nigeria: an operator's viewpoint

Abstract

This article provides an operator's viewpoint to the supervision of the Nigerian banking industry. It examines issues like: the regulatory environment; objectives of banking supervision; importance of banking supervision; approach to banking supervision; identity of interest of supervisors and operators; and benefits of banking supervision/examination to operators. The Challenges of banking supervision in Nigeria is also discussed as well as recommendations on how to resolving these challenges are provided. This includes measures like: provision of adequate resources training; probity fairness and firmness; presentation of examination reports; submission of examination reports; follow-up and monitoring; imposition of sanctions; sourcing personnel from the operators; extension of supervision to related companies