Electronic Fund Transfers And Recovery In Nigeria: Reconciling Restitution, Unjust Enrichment And The Duties Of Banks
Electronic fund transfers have transformed banking in Nigeria but have also complicated the recovery of erroneous payments. This article examines how restitution, unjust enrichment, the banker-customer relationship and the CBN regulatory framework interact in resolving mistaken, unauthorised and fraud-induced transfers, while balancing efficient recovery with the rights of account holders.
