On April 10 this year, the parliament approved a legislative amendment to the Bank Resolution Act, 2026, which may undo months of banking reform and painful adjustments. Under the revised act, former owners of troubled banks, including those who mishandled their respective institutions to the point of insolvency, may acquire the same institutions again by paying less than 7.5 percent of the amounts previously provided by the government and central bank.

All our institutions are crumbling because of politicisation, inefficiencies, and corruption.