This study is an assessment of the economic policies and reforms in Nigeria in the period 1999-2010 with particular reference to the Bank recapitalization. The aim of the bank reforms was to strengthen the banks to withstand risk arising from the systemic distress in the sector and make large capital available to the banks to loan out to especially small and medium scale enterprises. In the last decade, the banking institution in Nigeria has witnessed some reforms. This is against the backdrop of its inability to fulfill the individual and collective aspirations of Nigerians and the Nigerian...