Sanusi Says Nigeria to Spend $10 Billion on Bank Debts: Video
July 1 (Bloomberg) -- Lamido Sanusi, governor of the central bank of Nigeria, talks about the country's decision to set up a so-called bad bank to buy toxic debts from lenders. Sanusi also discusses the Nigerian exit from the World Cup in South Africa. He speaks with Francine Lacqua on Bloomberg Television's "Countdown." (Source: Bloomberg)
Lamido Sanusi, governor of the central bank of Nigeria, talks about the country's decision to set up a so-called bad bank to buy toxic debts from lenders.
Sanusi also discusses the Nigerian exit from the World Cup in South Africa. He speaks with Francine Lacqua on Bloomberg Television's "Countdown." (Source: Bloomberg)
00:00 Nigerian bank rescue, president's signature 01:40 Worst case scenario, recapitalization 04:08 Exit from World Cup, "egg on its face"
Running time 04:32
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