“No Bank In Nigeria Can Unilaterally Change /Vary Interest Rate Of Its Agreement With A Customer”.

“No Bank In Nigeria Can Unilaterally Change /Vary Interest Rate Of Its Agreement With A Customer”. Where there is an agreement between a bank and its customer showing agreed interest rate but without an option for variation of such Interest, such bank cannot vary/change the interest rate. It does not matter whether or not there is a new interest rate from Central Bank of Nigeria. My authority is the Supreme Court’s decision in the case of UBN PLC v. AJABULE & ANOR (2011) LPELR-8239(SC). Please share this till it gets to those that need it most. Save a Nigerian today! #DailyLawTips #SabiLaw #LearnNigerianLaw To receive our Daily Law Tips for free follow our Facebook page, Twitter, Instagram and YouTube via “@LearnNigerianLaws”. Powered by www.LearnNigerianLaws.com]]>

Local Content and Sustainable Development in Global Energy Markets (Cambridge University Press, January, 2021) By Professor Damilola S. Olawuyi, SAN, FCIArb, Professor of Law and Deputy Vice-Chancellor, Afe Babalola University, Ado Ekiti For more information or to pre-order your copies, please contact: Mr. Keji Kolawole: info@ogeesinstitute.edu.ng; Twitter: @dsolawuyi, Tel: +234 81 40000 988

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