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CLL815Law3 Unitsintermediate

LAW OF BANKING AND NEGOTIABLE INSTRUMENT I

This course provides an overview of the law governing banking and negotiable instruments in Nigeria. It explores the history and evolution of banking, the relationship between bankers and customers, and the regulatory framework for banking operations. The course also covers negotiable instruments, electronic banking, and relevant legal principles.

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45h
Study Time
13
Weeks
3h
Per Week
none
Math Level
Course Keywords
Banking LawNegotiable InstrumentsNigerian BankingE-BankingBanker-Customer

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
📚
Math Level
No Math
📖
Learning Type
Theoretical Focus

Course Topics

Key areas covered in this course

1

Pre-Banking Era

2

History of Banking in Nigeria

3

Concept of Bank and Banker

4

Banker-Customer Relationship

5

Banking Regulations

6

Types of Banks in Nigeria

7

Universal Banking System

Total Topics7 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (2 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Bank Manager

Apply your skills in this growing field

Loan Officer

Apply your skills in this growing field

Compliance Officer

Apply your skills in this growing field

Financial Analyst

Apply your skills in this growing field

Legal Advisor

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

BankingFinanceLawConsulting

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

MODULE 1: THE PRE-BANKING BUSINESS ERA IN NIGERIA

2h

Unit 1: The Pre-Banking Business Era in Nigeria

2 study hours
  • •Read about the concept of pre-banking era.
  • •Understand the trade by barter system.
  • •Identify the challenges of trade by barter and its relationship to banking business.
Week
2

MODULE 1: THE HISTORY/EVOLUTION AND THE NATURE OF BANKING BUSINESS IN NIGERIA

2h

Unit 2: History/Evolution and the Nature of Banking Business in Nigeria

2 study hours
  • •Study the history and evolution of banking business in Nigeria.
  • •Identify the key milestones and regulatory changes in the banking sector.
  • •Understand the factors that led to the emergence of commercial banks.
Week
3

MODULE 2: THE CONCEPT OF A BANK, BANKER, AND BANKING BUSINESS

2h

Unit 1: The Concept of 'Bank,' 'Banker' and 'Banking Business' in Nigeria

2 study hours
  • •Define the terms 'bank,' 'banker,' and 'banking business' according to statutory and judicial interpretations.
  • •Analyze the conflicts in the concepts of these terms.
  • •Understand the purpose of statutory regulations for the banking business.
Week
4

MODULE 2: THE CONCEPT OF A BANK, BANKER, AND BANKING BUSINESS

2h

Unit 2: Concept of the word "Customer" and the Features / Nature of Banker Customer Relationship

2 study hours
  • •Define 'customer' according to judicial pronouncements.
  • •Understand the nature of the banker-customer relationship.
  • •Identify the features of a contract and how they apply to the banker-customer relationship.
Week
5

MODULE 2: THE CONCEPT OF A BANK, BANKER, AND BANKING BUSINESS

2h

Unit 3: Rights and Obligations in a banker-customer relationship

2 study hours
  • •Examine the duties of a banker to a customer.
  • •Understand the rights and defenses available to the banker.
  • •Analyze the circumstances under which a banker may be sued.
Week
6

MODULE 3: NATURE, TYPES, FUNCTIONS AND STRUCTURE OF THE BANKING SYSTEM IN NIGERIA

2h

Unit 1: Types, Functions and Structure of Banking in Nigeria

2 study hours
  • •Explore the nature of banking business in Nigeria.
  • •Identify the types and structure of Nigerian banks.
  • •Understand the functions of Central and Commercial banks.
Week
7

MODULE 3: NATURE, TYPES, FUNCTIONS AND STRUCTURE OF THE BANKING SYSTEM IN NIGERIA

2h

Unit 2: Other Specialised Banks in Nigeria

2 study hours
  • •Learn about specialized banks in Nigeria, including Microfinance Banks, Bank of Agriculture, Community Banks, and Urban Development Bank of Nigeria.
  • •Understand their specific roles in promoting economic development.
Week
8

MODULE 3: NATURE, TYPES, FUNCTIONS AND STRUCTURE OF THE BANKING SYSTEM IN NIGERIA

2h

Unit 3: Universal Banking System [UBS], 2000

2 study hours
  • •Understand the impact of the Universal Banking System (UBS) introduced in 2000.
  • •Analyze the changes in the operational structure and functions of banking business in Nigeria.
  • •Explore the increasing complexity of the Nigerian banking system.
Week
9

MODULE 1: THE PRE-BANKING BUSINESS ERA IN NIGERIA

2h

Unit 1: The Pre-Banking Business Era in Nigeria

2 study hours
  • •Review Module 1: The Pre-Banking Business Era in Nigeria
  • •Focus on the concept of trade by barter and its challenges.
Week
10

MODULE 1: THE HISTORY/EVOLUTION AND THE NATURE OF BANKING BUSINESS IN NIGERIA

2h

Unit 2: History/Evolution and the Nature of Banking Business in Nigeria

2 study hours
  • •Review Module 1: History/Evolution and the Nature of Banking Business in Nigeria
  • •Focus on the key milestones and regulatory changes in the banking sector.
Week
11

MODULE 2: THE CONCEPT OF A BANK, BANKER, AND BANKING BUSINESS

2h

Unit 1: The Concept of 'Bank,' 'Banker' and 'Banking Business' in Nigeria

2 study hours
  • •Review Module 2: The Concept of a Bank, Banker, and Banking Business
  • •Focus on the statutory and judicial interpretations of the terms 'bank,' 'banker,' and 'banking business'.
Week
12

MODULE 3: NATURE, TYPES, FUNCTIONS AND STRUCTURE OF THE BANKING SYSTEM IN NIGERIA

2h

Unit 1: Types, Functions and Structure of Banking in Nigeria

2 study hours
  • •Review Module 3: Nature, Types, Functions and Structure of the Banking System in Nigeria
  • •Focus on the types and structure of Nigerian banks and the functions of Central and Commercial banks.
Week
13

Final Revision

4h

Final Revision

4 study hours
  • •Review all modules and units.
  • •Prepare for final examination.
  • •Complete any outstanding assignments.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create a timeline of key events in the history of banking in Nigeria.

2

Develop flashcards for key definitions and concepts.

3

Practice applying legal principles to hypothetical scenarios.

4

Review past assignments and identify areas for improvement.

5

Focus on understanding the duties and rights of bankers and customers.

6

Create concept maps linking different types of banks and their functions.

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