BANKING RECAPITALIZATION AND ITS ACCOUNTING IMPLICATION IN NIGERIA

Emeka Obiora Peters

Abstract


In the recent developments in the financial sector, particularly the recapitalization of banks and its attendant effects have triggered a more focused attention on the activities of the recapitalized banks. Furthermore, as banks continue to struggle with profitability in sluggish and complex economy, recapitalized banks are further being challenged to demonstrate their contributions to the economy and national development. It is on the above premise that this study was designed to examine the recapitalization of banks and its accounting implications. The highs and the lows of the exercise was brought to the fore. The study adopted survey for data collection and analysed using chi-square method. In line with findings, recommendations were offered to relevant offices and public in general.


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