LAW AND THE PROTECTION OF COMMERCIAL BANKS IN NIGERIA AGAINST BANK ROBBERY: PROSPECTS AND CHALLENGES

Abstract

Bank robbery in Nigeria is another monster threatening the activities of commercial banks in Nigeria. The frequency of successful bank robbery in Nigeria and the losses associated with each operation are question marks as to the ability of government to checkmate the crime with the aid of laws in Nigeria. This research which is a doctrinal research examined the relevant laws in Nigeria for crime prevention and particularly armed robbery with a view of finding out if the law is inadequate and why the crime has been on the increase despite the existence of law. The study has revealed that there are enough laws to combat the crime and that the law enforcement agencies particularly the police have not been effective in curbing the menace of bank robbery because of some challenges facing the security agencies. The study concluded that there is a need for paradigm shift in the operation of security agencies and canvassed equally for the involvement of other norms in combating the crime in Nigeria

Keywords: Bank robbery, ammunition, cashless banking, dynamites, firearms, norms


Article Review Status: Published

Pages: 6-22 (Download PDF)

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