No. Under the Central Bank of Nigeria (CBN) Guide to Charges by Banks and Other Financial Institutions, commercial banks are strictly prohibited...
The recipient has committed the criminal offense of fraudulent conversion and theft under Nigerian penal laws, and you can recover the money...
No. A lender, whether an individual or a registered moneylending company, has no legal right to physically seize and sell off a...
No. A commercial bank cannot lawfully place a Post-No-Debit (PND) or freeze order on your bank account merely based on an informal...
Yes. You can successfully sue your commercial bank and telecommunications network for negligence and breach of fiduciary duty where your account is...
No. Arbitrary and extortionate surcharge fees by Point of Sale (POS) operators during periods of currency scarcity or normal operations violate consumer...
No. Under the Central Bank of Nigeria (CBN) Revised Guide to Charges by Banks, Other Financial and Non-Bank Financial Institutions, a commercial...
No. A microfinance bank, debt collector, or financial lender has no legal right whatsoever to seize, impound, or confiscate property belonging to...
No. Unregulated micro-lending apps charging predatory interest rates such as 50% per month (which translates to 600% per annum) violate both state...
No. Defaulting on a commercial loan or being unable to repay a debt is strictly a civil contract dispute; it is not...
