AN APPRAISAL OF BANKER CUSTOMER RELATIONSHIP IN NIGERIA

ABSTRACT

The law of banking is concerned not only with the legal framework of banking business but also with the peculiar legal relationship which subsists between bankers and their customer. To the average Nigerian bank customer i . e an ordinary account holder, the relationship between him and his bank or banks begins and end with paying in and withdrawing from his account But in actual fact ,and in law, the relationship is more complex than that but he appears to feel unconcerned or does not wish to bother himself with so complex a web of relationship which to remain confusing and difficult to comprehend .In order to fully understand and appreciate this phenomenon in law, it is essential for one to fully understand the meaning significance of the term ‘bank’ or ‘banker’ and ‘customer’ in law.

The relationship which subsist between a banker and his customer contractual and fundamentally that of debtor and creditor. It consists of general and special contracts arising from particular requirement of the business of banker. So to a large extent the major thrust or thematic concern of work will be a working definition of the work ‘bank’ and ‘customer,’ their duties ,peculiarities of banker and customer, contractual relationship and its relationship concerning the customer account and type of account.