AN APPRAISAL OF MORTGAGE OF LANDED PROPERTY AS SECURITY FOR LOAN FROM BANKS IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: FOOTNOTE / ENDNOTE
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This study aimed at examining the problems associated with mortgage transactions in Nigeria which has created a lacuna in using Landed Property as security for loan. Land being one of the most important security for capital investment business and agriculture because of it’s acceptability is used to raise loans and advance from banks. The sources of information relied upon here are, related text materials, Judicial authorities, Statutes, Journals and Conference papers. Based on this sources this research found that mortgage of Landed Property is beset with a lot of litigation, default, delay and high cost of registration, discouraging investors and bankers, making mortgage transaction difficult and unattractive. Therefore using land as security for loan under banking law in Nigeria is hampered by an interplay of institutional, economic and social factors, such as protracted litigation, default, delay and high cost of registration as a result of inefficient and ineffective laws and also the entrenchment of the Land Use Act in the Constitution. On this note, this research was concluded by recommending that there is need to review laws, policies guiding mortgage transactions. There is also the need for a well defined policy in mortgage transaction and institutions to ease the registration process, the need to separate the Land Use Act from the Nigeria Constitution so as to make room for flexibility of transfer, alienation of interest and obtaining Governors consent in mortgage of Landed property.
Related Project Materials
THE IMPACT OF DOMESTIC INVESTMENT ON NIGERIA ECONOMIC GROWTH
ABSTRACT
Impact of Domestic Investment on Nigeria Economic Growth. Impact of domestic investment on Nigeria economic gr...
ENDER CULTURE AND ENTREPRENEURSHIP DEVELOPMENT IN NIGERIA \
ABSTRACT
The purpose of this study was to explore the role of gender culture in shapin...
NON-OIL EXPORTS AND THE GROWTH OF THE NIGERIAN ECONOMY
ABSTRACT
This study critically investigated the impact of non-oil exports on the growth of the Nigerian economy from 1990-2020 using a di...
CAR AND CHAUFFEUR HIRING SERVICES.
ABSTRACT
This application presents an application (on the design and implementation) for...
ETHICS OF VIOLENCE IN NIGERIA
ABSTRACT
This study is intended to examine the high scale and increasing frequency of violence witnessed in Nigeria today. As a study in...
RUGA SETTLEMENT INITIATIVE: A PANACEA FOR CONFLICT BETWEEN HERDSMEN AND FARMERS IN NIGERIA
ABSTRACT
Recent Killings and destruction of lives and property by a particular tribe known as the Fulani has been on the...
THE INDISPENSABILITY OF ACCOUNTING SYSTEM IN THE CONTROL OF PUBLIC EXPENDITURE
ABSTRACT
This project titled “the Indispensability of accountin...
NURSING INTERVENTION FOR THE PROMOTION OF INFECTION CONTROL IN TWO TEACHING HOSPITALS
Abstract
This work is to examine the nursing intervention for the promotion of infection control in two teaching hospita...
THE EFFECT OF QUALITY SERVICE DELIVERY ON CUSTOMERS PATRONAGE IN THE BANKING INDUSTRY OF NIGERIA (FIRST BANK PLC,)
ABSTRACT
This research work revealed the effect of quality service delivery on customers’ patronage in First Bank...
THE IMPACT OF SOCIAL NETWORKING ON TOURISM DEVELOPMENT
Abstract
The study aimed at assessing the impact of social networking on tourism development. The popul...
