Accessibility navigation


Towards the creation of a specialist tribunal for banking law in Nigeria

Adeyemo, F. (2017) Towards the creation of a specialist tribunal for banking law in Nigeria. Financial Regulation International, 20 (7). pp. 18-20.

[img] Text - Published Version
· Restricted to Repository staff only
· The Copyright of this document has not been checked yet. This may affect its availability.

269kB

It is advisable to refer to the publisher's version if you intend to cite from this work. See Guidance on citing.

Abstract/Summary

This article examines the paradoxes, pitfalls, and prospects of creating a specialist tribunal to resolve banking law matters in Nigeria. Given the special temperament of banks and the complex issues arising from banking law disputes, it is argued that the creation of this tribunal would be instrumental in the development of banking regulation and address the conundrum of cases containing similar facts, leading to different judicial pronouncements. This itself, it is contended, calls into question the understanding of Nigerian courts on banking law issues. Particularly, this article focuses on the challenges faced by both banks and the Central Bank of Nigeria (CBN) vis-à-vis the revocation of banking licenses, and the position of the CBN in its quasi-judicial position. The article advocates for the introduction of this type of tribunal and argues that it is necessary in order to contribute positively to the progression of banking regulation in Nigeria.

Item Type:Article
Refereed:No
Divisions:Faculty of Arts, Humanities and Social Science > School of Law
ID Code:82464

University Staff: Request a correction | Centaur Editors: Update this record

Page navigation