An Examination of Bankers’ Customers Relationship Under the Nigerian Law (Published)
This paper examines the evolving and complex legal relationship that exists between bankers and customers in view of the dynamic, intricate and knotty realities of banking in the 21st Century. Existing researches have portrayed the relationship that exists between bankers and customers as that of creditors and debtors. But unfolding of events in modern banking practices reveals that banking has gone beyond conventional practices of credit and debit; to embrace knotty foreign exchange dealings; discounting bills; financial advisory services; agency; administration of estates and acting as customers’ bailee; to mention just a few. These modern services, coupled with emerging technological developments in banking services have opened new legal vistas with intricate legal issues which existing legislations and judicial authorities are grappling to cope with. The aim of this work is to critically examine the evolving relationship between bankers and customers beyond the conventionally known relationships of creditors and debtors using the doctrinal method of legal research to analyze existing literatures, case law and legislations. Findings revealed that modern technology and modern commerce have expanded the relationships between bankers and customers. Recommendations were made at the end of the work on the need to expand the frontier of legislations in Nigeria to embrace emerging realities of the relationship.
Keywords: Bankers, Banks’, Customers, Examination, Relationships
Rupturing The Financing of Terrorism: Examination of The Adequacy of Nigerian Law (Published)
Global concern over terrorism and financing of terrorism became greatly heightened after September 11, 2001 bombing of the World Trade Centre with the concerted efforts put to bear across countries towards reassessment of policies, strategies and the readiness to forge international cooperation to ‘‘choke” the financing of terrorist groups and Organisations in support of terrorism. The employment of intelligence against terror and the confirmation of reports and findings of the States’ intelligence apparatuses also shed new knowledge which often dictates constant redefinition of terms and approaches in the fight against terrorism. Despite the elaborate legal framework in Combating Money Laundering and Financing of Terrorism in Nigeria, little can be said to have been achieved. It is suggested that all parties involved in the administration of criminal justice shall collaborate to ensure that criminal cases particularly Anti-Money Laundering and Combating of Financing of Terrorism are properly investigated, prosecuted and tried with minimum delay. Also, more serious efforts should be made to remove socio-economic injustices, imbalances and inequities in the society, alleviate the suffering of the people, provide increased job opportunities and the right atmosphere for genuine business and investment to thrive
Keywords: Examination, Financing, Terrorism, adequacy of Nigerian law