In recent years, the volume and frequency of fraudulent practices in Nigerian banks have been on the increase. According to the Nigeria Deposit Insurance Corporation (NDIC), the level of reported fraud in Nigerian banks rose from N804m in 1990 to N3,199m in 1998. Furthermore, the proportion of...

Prior to the 1986 adoption of the Structural Adjustment Programme (SAP) in Nigeria, the government was the main player both in the practice and regulation of banking in the country. At the time, this arrangement was expedient given the government objective of preventing the domination of a very...

This paper examines the various theoretical issues in regulation with a view to enhancing understanding of the regulation arena. Special emphasis has been placed on the banking industry. The paper shows how regulation serves different purposes for different interest groups on different...