LAW OF BANKING AND NEGOTIABLE INSTRUMENT I
- Law
- 800 level
- 3 credit units
- 60 pages
- 6 units
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.
About this course
- Difficulty
- Intermediate
- Study hours
- 45 hours
- Maths
- None
- Content
- Theoretical, case study
- Practical work
- No
- Assignments
- Final examination
What you'll read
The real module and unit structure of CLL815, taken from the course material NOUN publishes.
One paragraph, so you can see how it reads
CLL815 · Unit 1: The Concept of ‘Bank,’ ‘Banker’ and ‘Banking Business’ in Nigeria
This module discusses the pre-banking era, before the concept of trade by barter, the advent of early / traditional money and the difficulties that followed before the banking business.
What you should be able to do
- Explain the evolution of banking in Nigeria
- Define key concepts in banking law
- Analyze the banker-customer relationship
- Identify the duties and rights of bankers and customers
- Describe the structure and functions of different types of banks
- Evaluate the impact of banking regulations
- Understand the principles of negotiable instruments
What it prepares you for
- Bank Manager
- Loan Officer
- Compliance Officer
- Financial Analyst
- Legal Advisor
- Banking
- Finance
- Law
- Consulting
Where it gets hard
The units students slow down on, and what makes each one heavy.
- MODULE 2: THE CONCEPT OF A BANK, BANKER, AND BANKING BUSINESS
Unit 1: The Concept of 'Bank,' 'Banker' and 'Banking Business' in Nigeria
Understanding the statutory and judicial definitions and interpretations requires careful analysis and attention to detail.
- MODULE 3: NATURE, TYPES, FUNCTIONS AND STRUCTURE OF THE BANKING SYSTEM IN NIGERIA
Unit 2: Other Specialised Banks in Nigeria
Requires understanding the nuances of specialized banking operations and their specific roles in economic development.
A suggested way through it
13 weeks, about 28 hours in total. Yours will differ.
- Week 1MODULE 1: THE PRE-BANKING BUSINESS ERA IN NIGERIA
Unit 1: The Pre-Banking Business Era in Nigeria · 2 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 2MODULE 1: THE HISTORY/EVOLUTION AND THE NATURE OF BANKING BUSINESS IN NIGERIA
Unit 2: History/Evolution and the Nature of Banking Business in Nigeria · 2 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 3MODULE 2: THE CONCEPT OF A BANK, BANKER, AND BANKING BUSINESS
Unit 1: The Concept of 'Bank,' 'Banker' and 'Banking Business' in Nigeria · 2 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 4MODULE 2: THE CONCEPT OF A BANK, BANKER, AND BANKING BUSINESS
Unit 2: Concept of the word "Customer" and the Features / Nature of Banker Customer Relationship · 2 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 5MODULE 2: THE CONCEPT OF A BANK, BANKER, AND BANKING BUSINESS
Unit 3: Rights and Obligations in a banker-customer relationship · 2 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 6MODULE 3: NATURE, TYPES, FUNCTIONS AND STRUCTURE OF THE BANKING SYSTEM IN NIGERIA
Unit 1: Types, Functions and Structure of Banking in Nigeria · 2 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 7MODULE 3: NATURE, TYPES, FUNCTIONS AND STRUCTURE OF THE BANKING SYSTEM IN NIGERIA
Unit 2: Other Specialised Banks in Nigeria · 2 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 8MODULE 3: NATURE, TYPES, FUNCTIONS AND STRUCTURE OF THE BANKING SYSTEM IN NIGERIA
Unit 3: Universal Banking System [UBS], 2000 · 2 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 9MODULE 1: THE PRE-BANKING BUSINESS ERA IN NIGERIA
Unit 1: The Pre-Banking Business Era in Nigeria · 2 hours
Review Module 1: The Pre-Banking Business Era in Nigeria. Focus on the concept of trade by barter and its challenges..
- Week 10MODULE 1: THE HISTORY/EVOLUTION AND THE NATURE OF BANKING BUSINESS IN NIGERIA
Unit 2: History/Evolution and the Nature of Banking Business in Nigeria · 2 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 11MODULE 2: THE CONCEPT OF A BANK, BANKER, AND BANKING BUSINESS
Unit 1: The Concept of 'Bank,' 'Banker' and 'Banking Business' in Nigeria · 2 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 12MODULE 3: NATURE, TYPES, FUNCTIONS AND STRUCTURE OF THE BANKING SYSTEM IN NIGERIA
Unit 1: Types, Functions and Structure of Banking in Nigeria · 2 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 13Final Revision
Final Revision · 4 hours
Review all modules and units.. Prepare for final examination.. Complete any outstanding assignments..
Preparing for the exam
- Create a timeline of key events in the history of banking in Nigeria.
- Develop flashcards for key definitions and concepts.
- Practice applying legal principles to hypothetical scenarios.
- Review past assignments and identify areas for improvement.
- Focus on understanding the duties and rights of bankers and customers.
- Create concept maps linking different types of banks and their functions.
Questions students ask about this course
What is CLL815 about?
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.
How many units does CLL815 have?
CLL815, LAW OF BANKING AND NEGOTIABLE INSTRUMENT I, has 6 units across 2 modules, over 60 pages of course material. You can read it one unit at a time.
How many credit units is CLL815?
CLL815 carries 3 credit units, at 800 level in Law.
Is CLL815 hard?
CLL815 is rated intermediate level, with no mathematical content. It is mostly theoretical and case study work.
How long does CLL815 take to study?
About 45 hours of study, spread across its 6 units.
How is CLL815 assessed?
CLL815 is assessed by assignments and final examination.
What can I do with CLL815?
Bank Manager, Loan Officer, Compliance Officer, Financial Analyst and Legal Advisor.