Does The CBN Override the FCCPC In Protecting Consumers of Financial Products and Services?

INTRODUCTION

Nigeria’s National Assembly has been busy. In the last 3 years, it has mustered the collective will to update crucial legislation, aligning it with international best practice. The Companies and Allied Matters Act (CAMA), 2020, Federal Competition and Consumer Protection Act (FCCPA), 2018; and the Banks and Other Financial Institutions (BOFIA) Act, 2020 are some noteworthy examples.