Legit.ng journalist Victor Enengedi has over a decade's experience covering energy, MSMEs, technology, banking and the economy. Nigeria’s banking sector has witnessed dramatic rises and painful falls. From the distress era of the 1990s to the sweeping consolidation reforms of 2004–2005 and the post-global financial crisis clean-up of 2009–2011, several once-dominant financial institutions disappeared from the landscape. While today’s heavyweights such as Zenith Bank, Guaranty Trust Bank, and Access Bank dominate headlines, history tells the story of banks undone by weak corporate governance, insider abuse, undercapitalisation, and regulatory sanctions by the Central Bank of Nigeria (CBN). Oceanic Bank and Skye Bank are some of the most popular Nigerian banks that collapsed in the last t...