OrderPaperToday -Vice President of Nigeria, Professor Yemi Osinbajo, members of parliament, Minsters, Governors and others in the Finance sector are expected to convene at the unveiling of a new book by Mr. Olabode Ayorinde.
The book intends to proffer solutions to the Nigerian banking sector to aid the current national quest for sustainable economic development.
The book titled: “BANKING REFORM IN NIGERIA: THE LAWS, THE PROSPECTS AND THE CHALLENGES,” is authored by eminent scholar, lawyer, chartered banker and influential Member of the Nigerian House of Representatives, Mr. Bode Ayorinde (APC, Ondo).
Guests expected to brainstorm at the occasion include the Senate President Mr. Bukola Saraki, Speaker of House of Representatives, Mr. Yakubu Dogara and the National Leader of All Progressive Congress (APC), Asiwaju Bola Tinubu. Other senior government officials predicted to attend the event include the Central Bank of Nigeria’s Mr. Godwin Emefiele, the Chief Justice of Nigeria, Mr. Walter Onnoghen, the Minster of Finance and the special guest of honour in the person of the Governor of Ondo State, Mr. Oluwarotimi Akeredolu.
The book traces the historical development of banking in Nigeria and critically examines all sectoral laws since inception.
Posited to be an invaluable guide to the transformation of the banking industry, Mr. Ayorinde’s book goes further to chronicle all attempts to reform and rebrand the banking industry in the past, including the most pronounced consolidation exercise of 2004/2005. Additionally, it examines the bank capital requirements, distress management in banks and professionalism in banking business.
A published report of the World Bank recently recognized Nigeria as one of the 10 most improved economies in the world, supporting claims that engagements like this have been fruitful.
Mr. Ayorinde opines that the banking sector has a pivotal role to play in the fuelling of the Nigerian economy, and calls for a comprehensive reform of the banking industry in Nigeria.