Banking – The Scope of Banking Business Defined (31.10.2012)

Recently, Honourable Justice B.F.M Nyako of the Federal High Court, Lagos, Nigeria, was invited to determine the legality of a series of banking transactions, carried out partly in Nigeria and partly overseas, for the purpose of determining the enforceability of the contract and the Court empowered with Jurisdiction to adjudicate over the issues arising there from.

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