CBN's Recapitalisation Requirement For Microfinance Banks Is A Blessing In Disguise – Debuchy, MD Advans MFB.
"The Central Bank of Nigeria (CBN)’s recapitalisation requirement is a necessary evil in the Microfinance Bank (MFB) sector that will enhance corporate governance in MfBs," according to Gaëtan Debuchy, Managing Director, Advans La Fayette MFB. Among other sundry issues, he added that any MFB that complies with the new minimum capital requirement would ultimately benefit the customers.
Source: bizwatchnigeria.ng