Comprehensive insights into Nigerian banking laws, BOFIA 2020, Central Bank of Nigeria (CBN) monetary circulars, electronic transfer reversals, and financial customer dispute resolution.
Yes. A commercial bank is strictly liable in breach of contract and libel if it wrongfully dishonors a customer’s cheque when sufficient...
Yes. A merchant or customer can sue a commercial bank for negligence and breach of contract if its Point of Sale (POS)...
Yes. A commercial bank is legally liable in breach of contract and negligence if its negligent technical glitch aborts a foreign wire...
Yes. A commercial bank is legally liable in defamation, negligence, and breach of fiduciary duty if it wrongfully and carelessly places a...
Yes. A commercial bank is legally liable in breach of contract and negligence if an unresolved technical glitch freezes a customer’s salary,...
Yes. A commercial bank is legally liable in breach of contract and negligence if an unresolved technical glitch causes a scheduled mortgage...
Yes. A commercial bank is legally liable in negligence and breach of contract if it carelessly links a wrong Bank Verification Number...
Yes. A commercial bank is legally liable in negligence and breach of contract if its Automated Teller Machine (ATM) captures your card,...
Yes. A commercial bank is legally liable to refund customer funds and pay damages if it processes an unauthorized direct debit mandate...
Yes, but only if the mortgage deed was executed as a legal mortgage with an express power of sale, and the statutory...
