EXAMINATION OF KEY LEGAL RELATIONS BETWEEN BANKS AND CUSTOMERS IN NIGERIA

Abstract

This paper is borne out of the need to clarify essential features of the relationship between banks and their customers, more so, on account of the pervasive lack of awareness or consciousness by a great majority of bank customers of their rights in banking transactions. The paper has therefore examined the special relationship that exists between banks and their customers and found, among other things that a good understanding of each other’s legal position and peculiarities can result in a healthy bank and customer relationship that can yield better savings culture and economic growth.