The law of banking in Nigeria : principles, statutes and guidelines / Jacob Otu Enyia, BSc (Hons) Banking & Finance, MBA, LLB, BL, LLM, PhD, solicitor and advocate of the Supreme Court of Nigeria & senior lecturer, Department of Commercial & Industrial Law, Faculty of Law, University of Calabar, Calabar, Nigeria.

Format:

Book

Author/Creator:

Enyia, Jacob Otu, author.

Language:

English

Subjects (All):

Banking law--Nigeria.

Banking law.

Nigeria.

Physical Description:

692 pages ; 22 cm

Place of Publication:

Lagos : Malthouse Press Limited, 2018.

Contents:

Machine generated contents note: pt. I PRINCIPLES

ch. 1 The Nigerian Banking System: Historical Development and Evolution

Introduction

The African Banking Corporation

The Bank of British West Africa

The Bank of Nigeria

History of the Merger

Efficacy of the Merger

The Colonial Bank

Emergence of Indigenous Banks

Industrial and Commercial Bank

The Nigeria Mercantile Bank

The National Bank of Nigeria

The African Continental Bank

Other Indigenous Banks

Mixed Bank

ch. 2 The Structure of the Nigerian Banking System

Commercial Banks

Merchant Banks

Development Banks

Nigerian Industrial Development Bank (NIDB)

Nigerian Bank for Commerce and Industry (NBCI)

National Agricultural Bank Co-operation Bank (NACB)

Federal Mortgage Bank of Nigeria (FMBN)

Nigerian Export-Import Bank (NEXIM)

Specialized Banking Institutions

People's Bank of Nigeria (PBN)

Community Banks (CMB)

Urban Development Bank of Nigeria (UDBN)

Central Bank of Nigeria

ch. 3 Development of Banking Business

Nature and Scope of Banking Business

Who is a Banker?

Statutory Definition of a Bank

Judicial Definition of a Bank

Who is a Bank Customer?

The Nature of Banker and Customer Relationship

Is Banking a Trade or a Profession?

ch. 4 Laws Regulating the Establishment and Operation of Banks in Nigeria

Banking Legislation and their Utilities

Central Bank of Nigeria Act, 2007

Banks and Other Financial Institution Act (BOFIA) 2004

Banking Business

Asset Management Corporation of Nigeria (AMCON) Act 2010

Nigeria Deposit Insurance Corporation Act (NDIC) 1997

Dishonoured Cheques (Offences) Act, 1977

ch. 5 Banking Contracts

Formation of Banking Contract

The Customer

Basis of the Banker-Customer Relationship

Obligations of the Parties under the Contract

Obligation of the Customer to the Bank

Banker's Rights and Obligations

Exceptions to the Rights and Obligations of Banker

Protection of Bankers

Termination of Banker and Customer Relationship and Its Legal Consequences

ch. 6 Electronic Banking

What is E-Banking?

Evolution of E-Banking

Nature and Scope of E-Banking

Legal Structure of E-Banking

Electronic Banking & Association Inhibitions

Future of Electronic Banking

Specific Issues on Internet Banking

Risks Associated with Interest Banking

Banking Verification Number and Salient Facts

ch. 7 Securities for Bank Lending: Perfection and Enforcement

Bank Lending & Securities

Landed Property & Mortgage

Specific Securities for Bank Lending Features/Virtues/Qualities of Good Banking Securities

Perfection of Banking Securities

ch. 8 The Nature and Legal Effects of Bank Accounts; Banks' Mandate

Introduction: Opening of Accounts

The Mandates

Essential Requirements of a Bank Mandate

Types of Accounts

ch. 9 Bank Financing

Banker's Commercial Credits

Obligation of Issuing and Confirming Banks

Deficiencies of Documents: Waiver and Indemnities

Rejection of Documents on Extraneous Grounds

Warranties by the Beneficiary

ch. 10 Loans, Overdraft & Interest: Legal Implication

What is a Loan?

What is an Overdraft?

Meaning of Interest

Type of Account Holders

ch. 11 Banks & Garnishment

Meaning of Garnishee Proceedings

What is the Nature of Garnishee Proceedings?

Parties to Garnishee Proceedings

Stages of Garnishee Proceedings

Legal Implication for Banking Business

Law Governing Garnishee Proceedings in Nigeria

Rules of Attachment

ch. 12 Nature and Legal Effects of Negotiable Instruments

Negotiable Instrument as an Instrument

Negotiable Instrument as a Contract

Negotiable Instruments are Negotiable

Quasi-Negotiable Instruments

Negotiable Instruments

The Governing Law

Bill of exchange

Essential Elements or Characteristics

Types of Bills

The Parties to a Bill

Acceptance of Bills

Payments of Bills

Dishonour of Bills

Discharge of Bills

Cheques

Payment of Cheques

Protection of Banker

Promissory Notes

ch. 13 Banking Malpractices

Malpractices by Bank Staff

Malpractices by Non-Bank Staff

Malpractices by Banks

Impacts of Banking Malpractices on the National Economy

Legal and Institutional Framework for Combating Banking Malpractices

ch. 14 Islamic Banking Principles & Constitutionality

Islamic Banking Operation in Nigeria

Islamic Banking Operation in Nigeria in Post 1990 and Now

The Nigeria Constitution in Focus

Legislation of Islamic Banking and Financial Services under the Nigerian Constitution

Jurisprudential Justification of the Content and `Constitutionality'

pt. II SELECTED LEGISLATION

ch. 15 Banks and Other Financial Institutions Act Cap B3 LFN, 2004

ch. 16 Central Bank of Nigeria (Establishment) Act, 2007

ch. 17 Asset Management Corporation of Nigeria Act, 2010

ch. 18 Failed Banks (Recovery of Debts) and Financial Malpractices in Banks Act Cap F2 LFN, 2004

ch. 19 Bills of Exchange Act Cap B8 LFN, 2004

ch. 20 Economic and Financial Crimes Commission (Establishment) Act, 2004

ch. 21 Corrupt Practices and Other Related Offences Act, 2000

ch. 22 Money Laundering (Prohibition) Act, 2011

ch. 23 Nigerian Deposit Insurance Corporation Act, 2006

ch. 24 Dishonoured Cheques (Offences Act) Cap D11 LFN, 2004

ch. 25 International Financial Organization Act (1960 No. 47)

pt. III GUIDELINES

ch. 26 Central Bank of Nigeria Prudential Guideline For Deposit Money Banks in Nigeria, 2010

ch. 27 Central Bank of Nigeria Guidelines on International Money Transfer Services in Nigeria, 2014

ch. 28 Central Bank of Nigeria Guidelines on Electronic Banking in Nigeria, 2016

ch. 29 Central Bank of Nigeria Code of Corporate Governance For Banks and Discount Houses in Nigeria, 2014

ch. 30 Guidelines for Whistle Blowing for Banks And Other Financial Institutions in Nigeria 2014

ch. 31 Nigeria Financial Intelligence Unit Regulation, 2015.

Notes:

Includes bibliographical references and index.

ISBN:

9789785621945

9785621944

OCLC:

1107990960

Publisher Number:

99989206896