Case Review: Sterling Bank Plc v First City Monument Bank Limited & Ors. – Suit No.: FHC/L/CS/1110/2023

As technology advances, one question that lingers in different areas of technological progression is the enforcement of rights and duties in situations totally within the control of technology, and out of human control. In the banking sector, the question may be framed as “who has a duty to provide or account for sums transferred due to system glitches?”

In Suit No.: FHC/C/L/CS/1110/2023 – Sterling Bank Plc v First City Monument Bank & Ors, where Esher & Makarios represented the plaintiff, the court concurred with the argument of our Dr Oladapo Olanipekun SAN FCIArb that the plaintiff is...