Proving his doubters wrong, Central Bank of Nigeria governor Charles Soludo emphatically delivered on his promise to overhaul the Nigerian banking sector, culling 89 mostly weak banks down to 25 and pulling the plug on another 14. He did this in just 18 months in a remarkably orderly process. In recognition, he scooped the title of The Banker’s Global Central Banker of the Year 2006.
The hard work is far from done, however. In many respects, the job has become a lot more difficult.
