On 31st december 2020 president muhammadu buhari signed the finance bill 2020 now finance act into law the finance act 2020 the act which has a commencement date of 1st january 2021 was signed into law alongside the 2021 appropriation bill now appropriation act the act introduces significant changes to a number of tax and regulatory laws in nigeria including the introduction of covid 19 incentives alongside other changes. You are here home 1 news publications 2 uncategorized 3 revised banking law in nigeria bofia 2020 revised banking law in nigeria bofia 2020 november 23 2020 in uncategorized by pavestones by seun timi koleolu and praise adetunmibi in response to the significant developments in the financial sector president muhammed buhari on the 12th of november 2020 signed the banks and . The origin and development of banking in nigerian can be classified into phases give an over view of the phases in which banking originated and developed to the present day nigeria 70 references further readings 1 goldface irokalibe i j law of banking in nigeria malthouse press limited lagos 2007. The law of banking in nigeria principles statutes and guidelines captures the general principles of banking law statutes and guidelines relating to banking transactions the book is presented in a very simple precise and clear language and contains three parts of thirty one chapters in all covering the general principles of banking it should create considerable awareness among the general public law students law teachers bank customers as well as banks and bankers most certainly