Nigeria Banks Under Scrutiny

(08 Sept 09 - RV) Nigerian central bank examiners have found some infractions during an audit of 11 more banks but not on the scale of those at the five rescued in a $2.6 billion bailout.

Michael Peel is correspondent for the Financial Times and author of a book on oil in Nigeria called “A Swamp Full of Dollars”. He told us that the discoveries following the bank probe is a “reality check” for the country...