Bank Failure And Economic Development In Nigeria; A Critical Appraisal

1.1 INTRODUCTION: Over the last couple of decades, the Nigeria financial system has grown remarkably. From the almost crude of it was characterized with in pre –colonial and colonial days. It has become so sophisticated toady that economic experts can proudly thumb their chests. With due regards to the ownership structure of the institution, the regulatory flame work, the instruments employed, and the number of established institution, Nigeria can be said to posses the most sophisticated financial system in Africa. Within the Nigeria financial system itself, the banking system itself, the ban…