Case Law

Is a third party liable to a bank under a domiciliation arrangement?

Julius Berger (Nig.) Plc & Anor v. Toki Rainbow Community Bank Ltd. [2019] 5 NWLR (Pt. 1665) 219 at 240, paras. F-G, per Augie, JSC: “So, a domiciliation payment is an arrangement between the bank and a borrower to domicile a payment due to the borrower from a third-party, with the bank. This arrangement does […]