Post-No-Debit Alerts: Regulatory Powers and the Position of the Nigerian Courts

A Post-No-Debit alert is a directive that restricts a bank customer from withdrawing funds from his bank account.

In this article, our Daniel Alagor (Managing Partner) discusses the powers of regulatory agencies and financial institutions to direct that a post-no-debit alert be placed on accounts of customers and the position of the Nigerian courts on the exercise of such powers.