Legal | Policy Insight
Nigerian institutions are certainly aware of the impact of technology in delivering financial services, but the legal reference point for these services has not been established to any sufficient level over time. The existing legal framework is unable to meet up with the exigencies permeated by technological integration in financial services because technology renders obsolete the theories upon which the laws are premised.
Only very few states, especially the developed ones have been able to build and enact progressive laws that help to understand the disruptive tendencies in the financial sector and the legal implications of this disruption.
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Ayodeji Oluwabusuyi
Research Analyst, borg.
contact: a.o@borg.re
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