Nigeria (NG)

Jurisdiction Overview

360 *Are there criminal sanctions, custodial sentencing or any other statutory sanctions for breaches of banking secrecy? No, there are no statutory sanctions for disclosing client's banking data to any third party.
 Data Date: 2016


"There are no constitutional or statutory provisions regarding banking secrecy. However, under the common law, which is part of Nigerian legal system, a banker has a duty to keep the transactions with its customers confidential" (GF 2016: 101). onsidering the note above, we understand that there is no statutory sanction in cases of breaches to banking secrecy.


GF 2016: 101