What will be your general and specific assessment of the Soludo years in the Central Bank of Nigeria?
If there is anything that will have the emblem of Soludo in the CBN, it is the recapitalisation of the Nigerian banks. Nigerian banks are rated among the first 500 banks in the world. Would that mean a pass mark for him? Yes, to the extent we now have a number of manageable banks in Nigeria. From the profit posted by these banks and their annual accounts… these banks claim to be solid. I ask because there are reports that the recapitalisation thing is not really working? Will the committee favour fresh recapitalisation? We have just finished a public hearing. We will not be able to comment on this matter until we are able to carry out exhaustive investigations into the recapitalisation process, to convince ourselves whether the banks as presently capitalised, are strong and viable enough. We spoke with Ahmed Makarfi, chairman of the Senate committee on finance the other day and he was saying that the Central Bank Governor equates bank profit to the health of the economy. Do you also
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