Banker-Customers Relationship in Nigeria Banking Industry With Special Emphasis on Rights and Duties (A Case Study of Union Bank of Nigeria Plc)

PROPOSAL

INTRODUCTION

BACKGROUND OF THE STUDY

        Before going into the subject of this study “banker customer relationship” it is very essential to have an insight into what a banker’s and who really is a customer. From the time immemorial, it has been a difficult and controversial task to find an acceptable definition of a banker because of the diverse activities carried out by banks. But according to Decree No. 12 of 1990 section 16 (1) of the chartered institute of bankers define a banker as “a person who is consideration of remunerations received or to be received engage himself in the practice of banking procedure”.

         It is also essential to identify what a bank is though there are so many definition of the word bank. However, we shall try as much as possible to se few of the definition as proffered by scholars.

         According to 2(1) of Bill of exchange Act of 1990 defined a bank as “a body of person whether incorporated or not, who carry on the business of banking”.

         While according to Dr. Herbert Hart tries to defined a bank as “a person or company carrying on business of receiving monies and collecting drafts for customers subject to the obligation of honoring cheque drawn upon them from time to time by customers to extent of the amount available on their current account”.

Meanwhile, different people visit banks for different reasons, while some people, visit banks to cash their personal cheque or issue in their favour, others go-to deposit cash or cheque it was however decided in TREAT WESTERN RAILWAY V. COUNTRY BANKING COMPANY LIMITED (1901) that a customer is a person who has” some sort of account either deposit or current of some similar relation with a bank.