In the banking and financial sector in Nigeria, the fear of @cenbank is the beginning of wisdom! Wise operators understand this. Banking is heavily regulated because, unlike other businesses, 80% of the money used by banks is depositors funds - "other people& #39;s money".

Shareholders are secondary. They make money if and when the bank is doing well. When we stabilized and reformed the sector after the #GlobalFinancialCrisis of 2008 from 2009-2014, we were clear that the depositor had to be king, and couldn& #39;t be allowed to suffer from bucaneering

shareholders. Unlike in some.other parts of the world, we made sure that NO BANK FAILED, NO DEPOSITOR LOST A KOBO. Proud to have, as Deputy Governor in charge of Financial System Stability (FSS) at the time, helped secure the livelihoods of millions of Nigerians.