The Process Of Acquiring Licenses To Operate A Bank In Nigeria -By Oyetola Muyiwa Atoyebi & Abdulwasiu Mohammed
Anyone who carries on the business of Banking without first acquiring the license for it commits an offence, and is liable upon conviction to an Imprisonment term of not less than5 (Five Years) or a fine of not less than N50,000,000 (Fifty Million Naira) only.