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ABSTRACT
The use of electronic means for business transactions is now rampant in commerce within Nigeria. In the past, business transactions were carried out physically whereby persons involved met themselves to transact business and payment was made using cheque or cash. However, this method was relatively slow and it became imperative to adopt a faster means for carrying out business transactions. The electronic means was considered best for this purpose.
The Central Bank of Nigeria has authorized banking transactions to be carried out through electronic means known as E-banking. These E-banking transactions have changed the banking sector for good. As a result of this change, several legal issues arose such as the legal implication of the Central Banks of Nigeria directives on e-payments, liability of banks as a result of fraud arising from electronic transactions, the implication of admissibility of computer print-out as evidence in court and its effect(s) on the banker-customer relationship. It has therefore become pertinent to examine these legal issues affecting the Nigerian banking sector.
