It
is not clear if the former Central Bank of Nigeria governor, Charles
Soludo visualised the extent to which the banking consolidation of 2005
would impact on the sector eight years
down the line.
The
consolidation Tsunami saw a reduction in the number of banks in
operation and a focus on efficiency, quality of service, competition and
exponential growth with customers turning
out to be the real beneficiary of the consolidation exercise.
With
the growing sophistication of technology and operational platforms,
customers are already looking forward to the next wave of transformation
giving a critical appraisal of their
banks and demanding an even higher quality of service from their banks.
