Economic and Financial Review


Central Bank of Nigeria, Research Department


Nigerian financial system, Banks and banking, Fraud


Using a concentric circle analysis, the paper provides a framework for examining the centrality of the borrower/ user or manager of funds in the stability of the financial system. The paper advocated among others, the rejuvenation of the value system, involvement of banks in project ideas and packaging, institutionalization and implementation of bankruptcy law as well as application of incentives and sanctions.

Author Bio

Professor M. 0. Kayode is of the Department of Economics, University of Ibadan. Dr. Ayodele F. Odusola is of the National Centre for Economic Management and Administration (NCEMA), Ibadan.

Publication Title

CBN Economic and Financial Review (EFR)





Recommended Citation

Kayode, M. O., Odusola, Ayodele F. (2004). Debugging and sanitizing the Nigerian financial system. Economic and Financial Review, 42(1), 1-33.

Included in

Economics Commons



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