CHEQUES NEGOTIABLE INSTRUMENT: THE NIGERIAN PARADIGM
Date
2005-03-05
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Department of Public Administration
Abstract
All over the world despite the eminence of credit cards, the use of cheques is very important to the execution of commercial transactions. In Nigeria however, the use of cheques is rather limited as cheques are viewed with suspicion. This need not be so as there are adequate provisions to enforce obligations created by the issuance of a cheque. The greatest benefit of cheques to the Nigerian society today is its capability of eliminating the menace of robbery incidents to the barest minimum
Description
Keywords
NEGOTIABLE INSTRUMENT ,NIGERIAN PARADIGM.
Citation
Bill of Exchange Act, 1990. Dishonoured Cheques (Offences) Decree, 1977 Dishonoured Cheques (Offences) Act, 1990. Abimbola V. Bank of America & Anor (1977) 2 ALR Comm. 139. Bennette V. Brumfit (1967) LR 3 CP 28. Bolland v. Manchester & Liverpool Banking Co. (1909) 25 TLR Clerk V. Pigot (1699) 1 SALK 126. Crompton-Richmond Co. Inc. v. Attanda (1967) NWLR 286-286. Ganiyu Badaru V. Somolu Community Bank (Nig.) Ltd. (2003) 10 NWLR 91 George V. Survey (1830) M & M. Gibain v. MacMullen (1868) LR 2 PC 317. Goodman v. Eban (1954) 10 B 550. Greenwood V. Martin Bank Ltd. (1932) 1 KB 371. Houghland V. R.R. Low (Luxury Coaches) Ltd (1962) 1 QB 694. (698) Langtry V. Union Bank of London (1896) 17 SIB 338. London Joint Stock Bank V. Macmillan & Arthur (1918) AC 777. Re United Service Co. (1870) 6 CH APP 212. Sky Ring V. Greenwood & Co. (1825) 4 B & E 281. UBA V. Folarin & Anor (2003) 7 NWLR 18. Webb, Hale & Co. V. Alexander Waite Co. Ltd (1905) 93 Lt 339. Wood V. Martins Bank Ltd. (1959) 1 QB 55. 53