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THE IMPLICATION OF LIMITATION OF CASH WITDRAWALS/DEPOSITS: PROS & CONS.
On the 6th day of December, 2022 the Central Bank of Nigeria (CBN) issued a circular directing Deposit Money Banks, Payment Service of Bank (PSB) and other financial Institutions limiting cash withdrawal by customers from their accounts.
Our corporate commercial practice group recently reviewed the legal framework of this regulation from a pros and cons perspective.
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On duty of financial institution to reverse unauthorised debit on customer's account within seventy two hours of customers written notification.
2022-07-20
Elections as a tenet of democracy is the right and power of a people to decide who wields the helms of authority in running the affairs of a nation at various levels of government by electing candidates into political offices across the country. It is the way by which the choice of the majority in a State is determined and decided.
2023-02-16
