FREEZING BANK ACCOUNTS: LEGAL BOUNDARIES AND EMERGING TRENDS IN NIGERIA
Legally, the deposit of funds establishes a unique contractual relationship between a financial institution and its customer. As established in the locus classicus case of Foley v Hill, this dynamic is strictly that of a debtor and a creditor. The bank assumes ownership of the funds and contracts to repay an equivalent sum upon the customer’s mandate, giving rise to an implied duty of confidentiality and strict adherence to withdrawal instructions…
COMMENTARIES: LEGALITY & ENFORCEABILITY OF UNSTAMPED CONTRACTS IN NIGERIA
This article seeks to examine the legality and enforceability of unstamped contracts in Nigeria, and to state the relevant statutory provisions and their practical implications. In addition, it seeks to clarify whether non-compliance with stamping requirements merely affects admissibility in evidence or goes further to undermine the validity of the contract and to what extent such defects may be remedied.
Balancing Law & Economics in Electoral Reform: An Analysis of the Electoral Act 2026
Balancing Law & Economics in Electoral Reform: An Analysis of the Electoral Act 2026
Balancing Innovation and Oversight: Assessing Nigeria’s Emerging Framework for AI Regulation
Balancing Innovation and Oversight: Assessing Nigeria’s Emerging Framework for AI Regulation