Book on Banking Regulation set for launch


Banking Regulation in Nigeria has remained a topical issue and this is particularly so given the various chal­lenges and episodes of bank failures the sector has experienced.

In light of these challenges, there have been urgent calls to reform the Banks and Other Financial Institu­tions Act (BOFIA) 1991, and in No­vember 2020, President Muhammadu Buhari signed into law BOFIA, 2020.

The growing area of interest in banking regulation has led to the much anticipated book publication titled: Banking Regulation in Africa: The Case of Nigeria and Other De­veloping Economies, written by Dr Folashade Adeyemo, lecturer at the University of Reading, UK.

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This book contributes to the ongo­ing discourse and calls to improve the banking regulatory regime in Africa. The book pays special attention to the Nigerian banking regulatory environ­ment, however, South Africa, Kenya, the US and UK are also captured as part of this important analysis.

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There is recognition of various contributions to the ongoing issue of banking regulation in Nigeria, such as Dr Oladapo Olanipekun SAN, who published an edited collection in 2016.

Notable contributors to that text included Hon Justice Dr Nnamdi Dimgba, Prof Fabian Ajogwu SAN, Dr Jumoke Oduwole, and Dr Iwa Salami, Reader, University of East London.

Adeyemo builds on the research of these established scholars and pro­vides further insight and analysis of the various banking regulatory bod­ies including the Central Bank of Ni­geria, the Asset Management Corpo­ration of Nigeria, the Nigeria Deposit Insurance Corporation among others.

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She examines their significance and responsibilities, provides a very detailed analysis of the recently en­acted BOFIA 2020 and its operations within the Nigerian banking system.

In the foreword, written by Dr Olufemi Amao, Reader in Law, Sus­sex University, he reflects ‘Providing a comprehensive historical back­ground to the study’.


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