Course Overview: Banking Law and Regulation
This course delivers a structured and practice-oriented exploration of banking law and regulation, equipping learners with the legal knowledge, compliance tools, and professional judgment required to operate within Nigeria’s financial system. It blends statutory frameworks with applied case studies, preparing candidates for professional banking examinations and real-world responsibilities in compliance, governance, and risk management. Designed for banking professionals, finance students, and practitioners, the course bridges legal concepts with industry practice to strengthen regulatory awareness, ethical standards, and institutional resilience.
Learners will gain insights into:
- Statutes Governing Banking: Companies and Allied Matters Act (CAMA), Central Bank of Nigeria Act, Banks and Other Financial Institutions Act (BOFIA), NDIC Act, Money Laundering Act, AMCON Act.
- Banker–Customer Relationship: definitions, rights, duties, obligations, and ethical considerations.
- Law of Obligation: contracts, privity, discharge, remedies, and breach of contract.
- Professional Negligence and Torts: defamation, negligence, and remedies for tortious actions.
- Employment Law: contracts of employment, labour laws, classes of employment, and sources of labour law in Nigeria.
- Law of Partnership: formation, rights and duties of partners, liability, dissolution, and good faith.
- Law of Agency: creation, authority, duties of agents and principals, and termination of agency.
- Sale of Goods Law: classification of goods, risk, implied terms, performance, acceptance, and remedies.
- Securities Law: property concepts, land as security, Land Use Act, certificates of occupancy, and miscellaneous securities.
- Cybercrime Law: classification, identity theft, ATM/POS fraud, duties of financial institutions, and enforcement.
- Banking Regulation and Supervision: scope, purpose, historical evolution, regulatory authorities, and Basel Core Principles.
- Supervisory Approaches: off-site surveillance, on-site examination, and conduct of business regulation.
- Monetary Policy and Risk: functions of money, monetary policy tools, financial stability, and effects on the real economy.
- Banking Crisis and Stability: definitions, dimensions, and resolution strategies.
- Collaboration by Regulators: FSRCC, CBN/NDIC committees, Bankers’ Committee, ACCOBIN, and NFIU.
- Global Regulation: Basel Committee, European Banking Authority, and West African Monetary Zone.
- Trends in Banking: ICT initiatives, APIs, analytics, AI, cloud computing, IoT, quantum computing, blockchain, and FinTech in regulation.
- Drivers of Change: customer behavior, experience, and industry transformation beyond ICT.
- Enrolled students: 17