The foremost laws governing the regulation of banks in nigeria is the banks and other financial institutions act bofia 1991 as amended and the central bank of nigeria act 2007 these laws empower the central bank of nigeria cbn to supervise and regulate banks and other financial institutions in nigeria. Law of banking in nigeria by ij goldface irokalibe prefaced by a table of statutes and cases this detailed study is divided into five parts the laws of banking in nigeria are fully expounded and organised within the five main themes part one covers the banker and customer and the introduction of banking in nigeria part two covers . Nigeria has its own constitution which was established on 29 may 1999 the constitution of nigeria is the supreme law of the country there are four distinct legal systems in nigeria which include english law common law customary law and sharia law english law in nigeria is derived from the colonial nigeria while common law is a. Law of banking in nigeria i j goldface irokalibe home worldcat home about worldcat help search search for library items search for lists search for contacts search for a library create lists bibliographies and reviews or search worldcat find items in libraries near you . Aic limited v the federal government of nigeria banking and finance law whether money in a bank account of a central bank as a separate legal entity belonging beneficially to the government of its state are liable to execution if those moneys are used or intended for use for commercial purposes
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