Financial Crime World

Banking Regulations Under Scrutiny: Nigeria’s Ambitious Reform Program

Nigeria’s financial sector is undergoing a significant transformation with the government’s ambitious banking reform program aimed at strengthening the industry and ensuring conformity to laid-down rules and regulations.

A Comprehensive Resource for Bankers and Regulators

To provide a valuable resource for bankers, business executives, lawyers, regulators of the banking system, and students pursuing a National Diploma in Banking and Finance, a comprehensive book titled “Banking Law and Regulations in Nigeria: Selected Themes” has been published. This 11-chapter book delves into the theory and practice of banking laws and regulations in Nigeria.

Must-Read Topics

The publication covers essential topics including:

  • The constitutional framework of banking laws in Nigeria
  • Legal requirements for establishing a bank in the country
  • The legal nature of banker-customer relationships
  • Contractual obligations of customers
  • Securities for bankers’ advances
  • Money transmission mechanisms or negotiable instruments
  • Termination of banker-customer relationships
  • Personal securities, guarantees, and indemnities

Emphasis on Law Enforcement to Prevent Fraud

The book highlights the importance of law enforcement in preventing fraud in the banking industry. The authors emphasize the need for an anti-fraud court in Nigeria to address the growing menace of fraud.

Expert Authorship

Associate Professor Bello Mohammed Magaji, PhD, a renowned expert in banking laws and regulations, has authored the book. With over 25 years of experience in teaching, administration, and law practice, Magaji is well-positioned to provide insightful commentary on the banking sector.

Availability and Price

The book, which has received positive reviews from experts in the field, is published by Malthouse Press, Nigeria, and is available in paperback format at a price of N3,500. It is an essential resource for anyone seeking to understand the intricacies of banking laws and regulations in Nigeria.