THE PROSPECTS, CHALLENGES, AND LEGAL ISSUES OF DIGITAL BANKING IN NIGERIA.
Digital banking is one of the numerous impacts of globalization and technological advancement on Nigeria's economy. It allows for smooth delivery of banking services, giving its numerous benefits. However, despite the numerous benefit of digital banking, it suffices to state that there are several c...
| Publicado en: | Cogito (2066-7094) Vol. 14; no. 3; pp. 186 - 210 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Dimitrie Cantemir Christian University
Sep2022
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=161074503&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 161074503 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 20686706 DICV jtl: Cogito (2066-7094) issn: 20686706 maglogo: N pubinfo: dt: Sep2022 vid: 14 iid: 3 pid: 72681 pub: Dimitrie Cantemir Christian University artinfo: ui: 161074503 ppf: 186 ppct: 24 formats: tig: atl: THE PROSPECTS, CHALLENGES, AND LEGAL ISSUES OF DIGITAL BANKING IN NIGERIA. aug: au: Aidonojie, Paul Atagamen Ikubanni, Oluwaseye Oluwayomi Okuonghae, Nosakhare affil: Department of Public and International Law, Edo State University Uzairue, Nigeria Department of Jurisprudence and Public Law, Joseph Ayo Babalola University, Ikeji-Arakeji, Osun State, Nigeria LLM Inview, Faculty of Law, Samuel Adegboyega University su: Online banking Computer fraud Technological innovations Delivery of goods Descriptive statistics Fraud Internet fraud Nigeria sug: subj: Nigeria Online banking Computer fraud Technological innovations Delivery of goods Descriptive statistics Fraud Internet fraud keyword: banking Digital Globalization Legal Technology Nigeria ab: Digital banking is one of the numerous impacts of globalization and technological advancement on Nigeria's economy. It allows for smooth delivery of banking services, giving its numerous benefits. However, despite the numerous benefit of digital banking, it suffices to state that there are several challenges and also, a legal uncertainty as to whether there is sufficient legislation that regulates digital banking in Nigeria. It is concerning this that this study employs a hybrid method of research in ascertaining the prospect, challenges, and legal issues concerning digital banking in Nigeria. Online survey questionnaires were sent to 306 respondents (randomly selected) residing in Nigeria. Descriptive and analytical statistics were adopted in analyzing the responses to the questionnaire. The study found that the key challenges to digital banking in Nigeria are the lack of specific legislation regulating digital banking, poor internet infrastructures, and increased cyber fraud, amongst others. It was therefore concluded and recommended that, for a continuous advancement in technologically enable banking system, there is need for Nigeria government and stakeholders to ensure that there is a practical legal framework concerning digital banking. Furthermore, there is need for an intensify efforts in creating a conducive atmosphere for digital banking to thrive in Nigeria. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 2022 holdings: @attributes: islocal: N |
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