Obasanjo, Soludo, Cardoso to grace unveiling of book on 2004/2005 banking consolidation July 6
By Jeffrey Agbo
Seasoned journalist and economist, Ray Echebiri, will on July 6 unveil his book The Power of One Man: How the Soludo-Engineered Consolidation Transformed Nigerian Banks to Global Players.
This comes exactly 20 years after the revolutionary banking reforms that culminated in the emergence of 25 banks that had beefed up their capital base to a minimum of N25 billion.
The book will be unveiled at Eko Hotels and Suites, Victoria Island, Lagos.
The book captures the chain of events in the Nigerian economy, and the banking industry in particular, that led to the banking consolidation of 2004/2005, and what transpired during and immediately after the exercise. It also captures in unmistakable terms how the banking consolidation transformed the Nigerian banking industry and placed it on the same pedestal with the banking industry of such regions as the Americas, Europe and Asia.
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Seasoned journalist, author and entrepreneur, Azu Ishiekwene, Senior Vice Chairman/Editor-in-Chief of Leadership Newspapers will be the reviewer.
The book launch will be chaired by a Professor of Economics, Akpan Ekpo. Ekpo had functioned as Vice Chancellor of University of Uyo, Member of the Monetary Policy Committee of the Central Bank of Nigeria, Member of the Board of the Central Bank of Nigeria, Director General of West African Institute for Financial and Economic Management, and consultant to many multilateral financial institutions and organisations.
The event will be graced by VVIPs, including Olusegun Obasanjo, during whose administration as President the banking consolidation was implemented; Professor Chukwuma Soludo, Governor of Anambra State, who initiated and midwifed the 2004/2005 banking consolidation; Babajide Sanwo-Olu, Governor of Lagos State, whose state was the playground of the banking consolidation.
Also expected to grace the event are the Governor of the Central Bank of Nigeria, Olayemi Cardoso; Ernest Ebi, former Deputy Governor of the Central Bank of Nigeria; other Deputy Governors of the CBN who served with Professor Soludo; eminent bankers, captains of industry, government officials, members of the academia and media executives.