LEGAL IMPLICATIONS OF ABUSE OF CURRENCY NOTES IN NIGERIA

The mass media was awash with the video posted on Sahara Reporters on 14th September 2020 of a man burning a ₦1000 note. There has been agitation from some quarters that the man should be prosecuted and charged for treason, disrespect for our national identity and other offences. Howbeit, this article shall examine the position […]

THE LEGALITY AND PRACTICABILITY OF THE GUIDELINES ON GLOBAL STANDING INSTRUCTION (GSI): THE CENTRAL BANK OF NIGERIA GOT IT RIGHT.

INTRODUCTION  The Central Bank of Nigeria (CBN) approved the implementation of the guidelines on Global Standing Instruction (GSI) to ensure practical debt recovery machinery through the use of which outstanding loans can be legally recovered from defaulters who have refused to offset the debt advanced to them by the crediting banks, long after they have become […]