Dr Folashade Adeyemo began working on her PhD thesis shortly after the global financial crisis ended and when the UK was coming out of recession. Fola found herself interested in how the law had developed in this particular area, and was intrigued by the regulatory infrastructure that was put in place to deal with the global financial crisis from 2007 to 2009 as well as future financial crises.
Her doctoral thesis focused on Nigeria where she argued that the banking law regime required urgent reform. She also provided a comprehensive critique of Nigeria’s then banking law Act, the Banks and Other Financial Institutions Act 1991. She also met with some stakeholders who could influence the redevelopment of the law in Nigeria. In 2020, the country enacted a new banking law and many of Fola’s arguments were included in the new regulation.