Best Banking & Finance Lawyers in Benin City

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List of the best lawyers in Benin City, Nigeria

CHAMAN LAW FIRM

Benin City, Nigeria

Founded in 2019

15 people in their team

English

CHAMAN LAW FIRM is a world class and one of the leading and top law firms in Nigeria. In Support of clients on substantial matters, we deploy well-configured attorney teams with domestic and international experience and expertise. We are known for excellence in the practice of law and...

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caparcernary solicitor

Benin City, Nigeria

Founded in 2010

10 people in their team

English

Caparcenary Solicitors is one of the contemporary leading Law Firms in Nigeria. Established in 2010 by G.R NWANADE (Esq) AND M.K UMEANA (Esq). The Firm has in one decade developed an enviable portfolio of clients and lawyers with broad experiences in National and International legal services and...

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Ken E. Mozia (SAN) & CO.

Benin City, Nigeria

Founded in 2000

50 people in their team

English

ABOUT USOur law office is duly Incorporated as Ken E. Mozia & Co. with RC No. BN 957612 on 16th February, 2001.Our Head Office is at Plot 87A, Okoro-Otun Avenue, Off Ikpokpan Road, G.R.A., Benin City, Edo State, Nigeria which is a purpose built law office in a serene...

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P.O OHIKHENA & Co

Benin City, Nigeria

Founded in 2021

4 people in their team

English

We are an impeccable and client focused law firm. We are involved in company secretarial services, act as legal advisers and consultants. Our team consists of persons of high level of experience and legal competence. We have made our impact in diverse areas of Law such as management of properties,...

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Nigeria Banking & Finance Legal Questions answered by Lawyers

Browse our 3 legal questions about Banking & Finance in Nigeria and the lawyer answers, or ask your own questions for free.

My bank mistakenly credited my account and I withdraw the money as I was expecting money at that time. I wasn't contacted by the bank till after 3-4weeks. Now the banks are blocking my BVN and putting my account on watch list. How do I resolve this? T: Good day from Recososa Law Firm!Your situation involves a mistaken bank credit and subsequent withdrawal, which, while possibly done in good faith, may have legal and financial consequences that require immediate resolution. Under Philippine civil and criminal laws, mistaken bank credits are generally treated as solutio indebiti, a legal concept found in Article 2154 of the Civil Code which states that if something is received when there is no right to demand it, and it was unduly delivered through mistake, an obligation to return it arises.a.) Since you withdrew the funds believing it to be your own due to an expected deposit, there may be a valid argument of good faith. However, once the bank notifies you of the error, you are legally obliged to return the funds. Retaining the amount after demand could expose you to civil liability and, in some cases, criminal implications under Article 315 of the Revised Penal Code on estafa, particularly if there is continued refusal to return despite knowledge of the bank error.b.) The blocking of your Bank Verification Number (BVN) or watchlisting may be the bank’s internal compliance measure to mitigate loss and trace fund movements. While there may not yet be a court case filed, this step may severely affect your financial credibility and access to banking services.c.) To resolve this, you may formally communicate with the bank, express your willingness to settle the amount withdrawn in good faith, and propose a repayment plan if full restitution is not immediately feasible. This can be formalized through a written undertaking or amicable settlement, which we can help you prepare to prevent further legal escalation and assist in unblocking your banking privileges.d.) If the bank refuses to lift the restrictions even after your willingness to return the amount, you may consider legal remedies such as filing a complaint before the Bangko Sentral ng Pilipinas (BSP) for abusive banking practices or filing for judicial relief if there is reputational or financial harm arising from prolonged restrictions without due process.We highly recommend that you hire us so we can directly communicate with the bank on your behalf, protect your legal interests, and negotiate an amicable settlement or defense if legal action is already contemplated.We can schedule an initial consultation via zoom call. Client may schedule a convenient date and time of the meeting through the below calendly link:👉 https://calendly.com/recososalawfirmThere is a 2,000 Philippine Peso consultation fee but we will refund consultation fee when client hires us after the consultation. Alternatively, client can also call or text on the below contact number +639175046510 or email [email protected] are ready to assist you in resolving this matter swiftly and legally.   
recover money sent to a scammer: Hello,It's possible to recover the said sum. For more details on how to go about it; You may Visit our Profile.
I need an advise on handle the organisation I borrowed money from: First, what are the terms and conditions of your loan contract?

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About Banking & Finance Law in Benin City, Nigeria:

Banking & Finance Law in Benin City, Nigeria pertains to the legal regulations and practices governing the banking and financial industry in the city. It covers various aspects such as banking operations, financial transactions, lending practices, consumer protection, and regulatory compliance.

Why You May Need a Lawyer:

You may need a lawyer specializing in Banking & Finance Law in Benin City, Nigeria for various reasons. Some common situations where legal assistance is required include:

Dealing with complex financial contracts and agreements
Resolving disputes related to banking or financial transactions
Seeking advice on compliance with banking regulations
Negotiating loan agreements or debt restructuring
Handling issues related to banking fraud or financial misconduct

Local Laws Overview:

In Benin City, Nigeria, several laws and regulations are particularly relevant to Banking & Finance. Here are some key aspects:

The Banks and Other Financial Institutions Act (BOFIA) regulates the establishment and operations of banks and other financial institutions in Nigeria.
The Central Bank of Nigeria Act grants regulatory powers to the Central Bank of Nigeria (CBN) to ensure the stability and soundness of the banking system.
The MoneyLenders Law governs the licensing and conduct of moneylending activities in Benin City, Nigeria.
The Investment and Securities Act (ISA) regulates the offering and trading of securities, with provisions for investor protection and the establishment of regulatory bodies.

Frequently Asked Questions:

1. Can a bank refuse to give me a loan?

Yes, a bank has the right to refuse a loan application if the applicant does not meet the necessary criteria or if the bank considers the loan to be too risky.

2. What can I do if a bank is engaging in unfair practices?

If you believe a bank is engaging in unfair practices, you should seek legal advice and consider filing a complaint with the appropriate regulatory agencies such as the Central Bank of Nigeria or the Consumer Protection Council.

3. What are the consequences of defaulting on a loan?

The consequences of defaulting on a loan may include additional interest charges, penalties, collection efforts by the bank, legal action to recover the debt, and potential damage to your credit rating.

4. Is online banking safe in Benin City, Nigeria?

While online banking can be safe, it is important to take necessary precautions such as using secure networks, regularly updating passwords, and avoiding sharing personal information with unknown entities. It is advisable to follow the guidelines provided by your bank to ensure online security.

5. How can I file a complaint against a financial institution?

If you have a complaint against a financial institution, you should first try to resolve the issue directly with the institution. If that is not successful, you can file a complaint with the Consumer Protection Council or seek legal advice on other possible remedies.

Additional Resources:

Here are some resources, governmental bodies, and organizations related to Banking & Finance that can be helpful for someone seeking legal advice:

Central Bank of Nigeria (www.cbn.gov.ng)
Nigeria Deposit Insurance Corporation (www.ndic.gov.ng)

Next Steps:

If you require legal assistance in the field of Banking & Finance in Benin City, Nigeria, it is recommended to:

Research and identify reputable lawyers or law firms specializing in Banking & Finance Law in Benin City.
Contact these lawyers or law firms to schedule a consultation to discuss your specific situation.
Prepare any relevant documents or information that may be required for the consultation.
During the consultation, communicate your concerns clearly and provide all necessary details to help the lawyer assess your case.
Based on the guidance provided by the lawyer, decide on the most appropriate course of action to address your legal needs.

Lawzana helps you find the best lawyers and law firms in Benin City through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Banking & Finance, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Benin City, Nigeria—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.