Bank Recapitalisation: A New Dawn for Nigeria's Financial Sector "- CBN , Deputy Governor , Ikeazor

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Bank Recapitalisation is not a destination, but the beginning of a robust, resilient, and inclusive financial system. 

This was stated by the Deputy Governor, Financial Services of the Central Bank of Nigeria, Mr. Philip Ikeazor, represented by the Director Development and Financial Institutions Supervision, Mr. Ibrahim Hassan, at the  opening of the 2025 retreat of the Association of Corporate Affairs and Marketing Communication Professionals in Banks (ACAMB).

According to Mr. Ikeazor, bank recapitalisation is not merely meant to create bigger banks, but better banks that are safe, sound, well-governed, innovative, and inclusive. He emphasized that Corporate Affairs and Marketing Professionals in Banks (ACAMB) need to play a proactive role through constant vigilance against misinformation that can erode trust.

"Bank recapitalisation is not merely meant to create bigger banks, but better banks and banks that are safe, sound, well-governed, innovative and inclusive," Mr. Ikeazor said.

He also called on ACAMB members to be proactive in leading the narrative through rigorous fact-based engagement, saying, "All must contribute to the quest of creating a stronger bank that will compete with any banks in the world and have the prosperity to finance multi-million dollar projects."

The President of ACAMB, Mr. Rasheed Bolarinwa, noted that the recapitalisation process is a catalyst to make the bank a stronger brand that can support the present administration's drive towards a one trillion dollars economy by the year 2030.

"Bank recapitalisation is a movement to rebrand the industry's narratives and change the face of the industry to a more productive and residents' industry," Mr. Bolarinwa said.

A professor of Marketing from the Lagos Business School, Tayo Otubanjo, emphasized the need for banks in Nigeria to have a definite value proposition that will resonate with the members of the public while Nigerian banks must also strive to have distinct identities that would differentiate them.

The retreat included plenary sessions, a masters class, visits to the Olusegun Obasanjo Presidential Library, and Olumo rock, among other activities.