With the advent of the Computer Age, it is common knowledge that the worldwide adoption of Information and Communication Technology (ICT) has immensely altered and enhanced human interaction and our way of life for the past three decades. Thus, the world is now a global marketplace as a result of the application of Information and Communication Technology (ICT) in business. However, the emergence of Electronic Banking (e-Banking) as a result of the development of the internet has brought with it a number of legal and socio-economic issues. Before the emergence of modern banking system banking operations was manually done and this may have led to a slowdown in the settlement of transactions. This system involved posting transactions from one ledger to another manually. Counting of money was done manually which were sometimes not accurate and these may have resulted to errors. Most banks then used only one or few analogue computers in carrying out their transactions and this of course did not ameliorate the sluggish nature of banking transactions.
Alexander, A. (2019). Limits of Electronic Evidence in Nigerian Banking Law. Afribary. Retrieved from https://afribary.com/works/limits-of-electronic-evidence-in-nigerian-banking-law
Alexander, Adebayo "Limits of Electronic Evidence in Nigerian Banking Law" Afribary. Afribary, 24 Aug. 2019, https://afribary.com/works/limits-of-electronic-evidence-in-nigerian-banking-law. Accessed 22 Nov. 2024.
Alexander, Adebayo . "Limits of Electronic Evidence in Nigerian Banking Law". Afribary, Afribary, 24 Aug. 2019. Web. 22 Nov. 2024. < https://afribary.com/works/limits-of-electronic-evidence-in-nigerian-banking-law >.
Alexander, Adebayo . "Limits of Electronic Evidence in Nigerian Banking Law" Afribary (2019). Accessed November 22, 2024. https://afribary.com/works/limits-of-electronic-evidence-in-nigerian-banking-law