Yes. Bank customers have a legal right to sue their financial institution for breach of contract and claim damages when failed POS...
No. Nigerian commercial banks are strictly prohibited from freezing or placing a Post-No-Debit restriction on a customer’s account based solely on a...
Yes. Refusing to accept valid Nigerian Naira notes or coins in settlement of a lawful debt or transaction is a criminal offense...
No. Under state Property and Conveyancing Laws, exercising the power of sale requires serving statutory demand notices and giving adequate time for...
No. Under the rule in Tournier v. National Provincial Bank and the Nigeria Data Protection Act 2023, banks owe an absolute fiduciary...
No. Under the law of pledges, a lender must give formal written notice of default and reasonable time for redemption before auctioning...
No. An ATM card is the property of the issuing bank, and retaining another person’s card constitutes unlawful detention of property. Under...
No. Under the CBN Consumer Protection Framework, unilateral upward adjustments of interest rates without prior notice and justification are unlawful. Under Nigerian...
No. Under Section 42 of CAMA 2020, an incorporated company is a separate legal person, and a bank cannot exercise set-off against...
No. Penalizing a customer with an account freeze due to internal bank operational delays constitutes a breach of contract. Under Nigerian law,...
