Friday, July 25, 2025
  • REPORT A STORY
  • PRIVACY
  • CONTACT US
WITHIN NIGERIA - NEWS PICKS
  • HOME
  • FEATURES
  • NEWS PICKS
    • BREAKING
    • National
    • Local News
    • Politics
    • Diaspora
    • Business
    • Education
    • Sports
    • World News
      • Africa
      • U.S
      • Asia
      • Europe
    • XTRA
  • ENTERTAINMENT
  • MORE
    • GIST
    • ARTICLES
    • VIDEOS
No Result
View All Result
WITHIN NIGERIA - NEWS PICKS
No Result
View All Result
  • HOME
  • FEATURES
  • NEWS PICKS
  • ENTERTAINMENT
  • MORE

I Fought Dangerous War Spearheading Banking Sector Consolidation – Soludo

Soludo emphasized the policy's success by pointing to now-giant institutions like Access Bank and Standard Trust Bank

paulcraft by paulcraft
July 8, 2024
in National
Reading Time: 2 mins read
0 0
A A
0
Governor of Anambra State, Charles Soludo
Share on FacebookShare on Twitter
  • Governor Charles Soludo recounted his experience spearheading the consolidation policy of the Nigerian banking system, describing it as a dangerous war
  • Soludo highlighted the lasting impact of the consolidation policy on the Nigerian banking system, noting that it changed the system forever and led to the growth of giant institutions like Access Bank and Standard Trust Bank

Governor Charles Soludo of Anambra State has recounted his experience spearheading the consolidation policy of the Nigerian banking system, describing it as a dangerous war. Soludo, who served as the governor of the Central Bank of Nigeria (CBN) from 2004 to 2009, detailed his challenges during this transformative period.

The consolidation policy aimed to reduce the number of banks and other deposit-taking institutions while increasing the size and concentration of the consolidated entities in the sector. This often involved mergers and acquisitions, resulting in fewer but larger and more robust institutions.

Speaking at the launch of a book titled “Power of One Man: How the Soludo-Engineered Consolidation Transformed Nigerian Banks to Global Players,” Soludo shared his harrowing experiences, including threats and attacks that led his family to exile.

Soludo said, “Let me start with a disclaimer: I have not read the book. My gratitude goes to the author of this book, and I appreciate my incredible team. I also thank the Nigerian stakeholders for their massive support because it was like a revolution; today, we are celebrating the possibility of Nigeria.”

READ ALSO

PDP announces date for National Convention

Your threat ‘a waste of time’, You can’t stop me from visiting Edo, I’ll return: Peter Obi replies Gov Okpebholo

FULL LIST: LPPC pencils 57 for Senior Advocate of Nigeria rank

Nigerian Army orders probe into troops’ complaints of abysmal meal

He highlighted the lasting impact of the consolidation policy on the Nigerian banking system, noting, “The revolution changed the Nigerian banking system forever. As a leader, you must be self-sacrificing and ready to pay the price to avoid personal interest.”

Soludo emphasized the policy’s success by pointing to now-giant institutions like Access Bank and Standard Trust Bank. He concluded, “The major message today is the revolution for the banks themselves, who are now giants. What is stopping and limiting us from developing is our mindset. If we can dream it, we will achieve it.”

POPULAR TODAY

  • All
  • National
  • Local News
  • Politics
  • World News
  • Sports
  • XTRA

Ex-Gov Aliyu warns PDP against embracing ‘nomadic politicians’

July 24, 2025
Death

Gombe: Teenager stabs friend to death during argument

July 24, 2025
Hulk Hogan

WWE legend Hulk Hogan is dead

July 24, 2025

Ex-presidential candidate Hashim returns to PDP, declares party Nigeria’s best hope in 2027

July 24, 2025

Discussion about this post

ADVERTISEMENT
NEWS PICKS — WITHIN NIGERIA

WITHIN NIGERIA MEDIA LTD.

NEWS, MULTI MEDIA

WITHIN NIGERIA is an online news media that focuses on authoritative reports, investigations and major headlines that springs from National issues, Politics, Metro, Entertainment; and Articles.

Follow us on social media:

CORPORATE LINKS

  • About
  • Contacts
  • Report a story
  • Advertisement
  • Content Policy
  • Privacy Policy
  • Terms
 
  • Fact-Checking Policy
  • Ethics Policy
  • Corrections Policy
  • REPORT A STORY
  • PRIVACY
  • CONTACT US

© 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • FEATURES
  • NEWS PICKS
    • BREAKING
    • National
    • Local News
    • Politics
    • Diaspora
    • Business
    • Education
    • Sports
    • World News
      • Africa
      • U.S
      • Asia
      • Europe
    • XTRA
  • ENTERTAINMENT
  • MORE
    • GIST
    • ARTICLES
    • VIDEOS

© 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName