STEWARDSHIP, NOT SEIZURE: WHAT THE UNION BANK CASE IS REALLY ABOUT
Stewardship, Not Seizure: What the Union Bank Case Is Really About There is a particular genre of financial commentary that mistakes legal process fora factual verdict. A court delivers a first-instance ruling, procedural questions are raised, and before the ink is dry on the appeal filing, the narrative has already hardened: the regulator overreached, investor confidence is shattered, andNigeria’s financial governance is on trial before the world. Much of the commentary currently circulating about Union Bank of Nigeria belongs to that genre. It is not without merit on certain procedural questions. But it is, at its core, incomplete — and incompleteness in financial journalism carries costs that run well beyond the column. Tunde Lemon Former Chairman, Titan Trust Bank The Acquisition That...