Nigerian Statutory Law Guide

Banking & Financial Disputes

Plain-language guidance on Banking & Financial Disputes under Nigerian law.

Plain-Language Nigerian Law•Statutory Reference•~4 min read

1. Overview

Banking and financial disputes can arise in various contexts, including issues related to loans, savings, transactions, and service fees. In Nigeria, the legal framework governing banking transactions is primarily encapsulated in the Banks and Other Financial Institutions Act (BOFIA) of 2020. This Act, alongside other federal regulations, governs the operations of financial institutions and provides mech...

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