“The Banking Act (Cap. 19) does not define Banker as such, but Bank is defined thus: “‘Bank’ means any person who carries on banking business”. “Banking business” is defined as “the business of receiving money on current account from the general public, of paying or collecting cheques drawn by or paid in by customers and of making advances to customers” (as amended by Act No. 19 of 1962).”

Per ADETOKUNBO ADEGBOYEGA ADEMOLA, JSC in AKWULE & ORS V. THE QUEEN (1963) LCER-280(SC) (Pp 10 – 10 Paras D – F) #