Government and regulatory bodies have continued to twist events through manipulation of court
processes to frustrate depositors in their bid to recover their trapped funds from the banks that could
not scale the recapitalisation hurdles.
Contrary to the pronouncement by the CBN Governor, Professor Chukwuma Soludo in the wake of the
consolidation exercise way back in 2005, that depositors would not lose their funds as a result of the
exercise, hundreds of depositors have laboured in vain to recover their deposits since 2005.
Is this right?