No. Under Section 42 of CAMA 2020, an incorporated company is a separate legal person, and a bank cannot exercise set-off against...
No. Restricting access to customer funds indefinitely without a court order or documented regulatory directive violates CBN guidelines. Under Nigerian law, rights,...
No. An ATM card is the property of the issuing bank, and retaining another person’s card constitutes unlawful detention of property. Under...
No. A commercial bank acts unlawfully and exceeds judicial authority when it freezes an entire bank account holding millions of naira when...
No. A bank or mortgage lender exercising its power of sale must act in good faith and obtain a fair and reasonable...
No. Electronic Money Transfer Levy (EMTL) of ₦50 applies only to qualifying inbound transfers of ₦10,000 and above, and the law exempts...
No. Defamatory shaming, broadcasting debtor contact lists, and labeling borrowers as fraudsters or wanted criminals on social media is completely illegal and...
Yes. You can sue your commercial bank in the High Court or Small Claims Court for breach of contract, negligence, and failure...
You can compel the bank and Central Bank of Nigeria to remove the wrongful BVN watchlist restriction immediately, clear your name, and...
No. A guarantor cannot be arrested or jailed in Nigeria merely because the principal borrower defaulted or absconded, as defaulting on a...
