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
AN ASSESSMENT OF TEACHER CLASSROOM MANAGEMENT IN NIGERIA
Background of the Study
Classroom management is concerned with the provision of conducive learning envi...
DESIGN AND IMPLEMENTATION OF A MEDICAL DIAGNOSTIC SYSTEM
BACKGROUND OF STUDY
Medical diagnosis, (often simply termed diagnosis) refers both to the process of attempting to dete...
THE EFFECT OF END SARS PROTEST ON SMALL AND MEDIUM ENTERPRISES (SMEs) IN LAGOS STATE
ABSTRACT
This study was carried out to examine the effect of EndSARS protest on Small and Medium Enterprises...
THE IMPACT OF CROSS-SELLING AND UPSELLING TECHNIQUES ON SALES REVENUE
THE IMPACT OF CROSS-SELLING AND UPSELLING TECHNIQUES ON SALES REVENUE
This study exami...
ANALYSIS OF IPOB AGITATION AND THE NEED FOR NATIONAL RESTRUCTURING IN NIGERIA
ABSTRACT
This study was carried out on the analysis of ipob agitation and the need for national r...
EFFECT OF MOVIE SCENES ON THE DRESS SENSE OF UNIVERSITY STUDENTS IN NIGERIA(LASU AS A CASE STUDY)
ABSTRACT
This study was carried out on the effect of movie scenes on the dress sense of university stud...
EFFECT OF PRECIPITATION EFFECTIVENESS INDICES ON THE YIELD OF SOME SELECTED CEREAL CROPS IN SOKOTO STATE, NIGERIA
ABSTRACT
Agriculture in Nigeria is mainly dependent on rainfall which is variable in nature. Therefore, the need to have a full knowledge...
THE RELATIONSHIP BETWEEN EARLY CHILDHOOD EDUCATION (ECE) AND LATER CAREER SUCCESS
Abstract: This study investigates the relationship between early childhood education (ECE) and later career...
THE INFLUENCE OF CAPITAL STRUCTURE ON FIRM VALUE
Abstract: THE INFLUENCE OF CAPITAL STRUCTURE ON FIRM VALUE
This study examines the influence of capital structure on the value of firms....
A Stylistic Study of Proverbs and Idioms in the Translated Novels of D.O Fagunwa
Statement of the Problem
In this research, the idea of using three major translation styles to translate the proverbs and idioms in the n...
