AN EXAMINATION OF THE LEGAL IMPLICATIONS OF MORTGAGES AS COLLATERAL IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: FOOTNOTE / ENDNOTE
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The challenge identified by this research was the manner of collaterisation of credits by financial institutions. It was discovered that due to the volume of funds available at the disposal of financial institutions as a result of the consolidation exercise and stiff competition towards making substantial margin of profits, some financial institutions often comprise or even ignore standard in giving out credit to their customers because of a combination of factors viz: Insider credits Desire to make huge profits Political reasons Ethnic considerations Thus, as a result of the above factors, financial institutions often get saddled with lots of bad debts which usually militate against the growth of an organization with the likelihood of distress and corporate failure since the credits were not given based on business considerations. To arrest this situation, regulatory authorities like the Central Bank of Nigeria and the Nigeria Deposit Insurance Corporation should commence the enforcement of the provisions of the Banks and Other Financial Institutions Act which provides for various categories of offences and penalties relating to Bank officers who give credit facilities that were supposed to be backed by security, without such securities.
Related Project Materials
ASSESSING THE IMPACT OF EARLY CHILDHOOD EDUCATION ON FAMILY WELL-BEING
ABSTRACT: This study Assessed the Impact of Early Childhood Education on Family Well-being. The objectives o...
DESIGN AND IMPLEMENTATION OF A FIXED ASSET MANAGEMENT INFORMATION SYSTEM (A CASE STUDY OF UNITED AFRICAN COMPANY OF NIGERIA (UACN) DEVELOPMENT COMPANY PLC LAGOS)
ABSTRACT
With the rapid development in Computer Technology, most organization have embraced the use of computer resource...
CORRUPTION AS A THREAT TO SUSTAINABLE ECONOMIC DEVELOPMENT IN NIGERIA
ABSTRACT
This study used a survey design to examine the corruption in Nigeria: as a thr...
DESIGN AND CONSTRUCTION OF AUTOMATIC HAND DRYER WITH TEMPERATURE DISPLAY
ABSTRACT
This project work deals on the design and implementation of an automatic hand-dryer with display capable of drying up a wet hand...
AN ASSESSMENT ON THE CONSCIOUSNESS AND PRACTICE OF GREEN CONSTRUCTION
Background to study
Buildings that are environmentally friendly or sustainable are the way of the futur...
IDENTIFICATION OF PROBLEMS HINDERING HOSPITALITY DEVELOPMENT
ABSTRACT
The study investigated the factors hindering the growth and development in hospitality industr...
THE IMPACT OF INFRASTRUCTURE ON ECONOMIC GROWTH IN NIGERI
BACKGROUND INFORMATION
Nigerian government has made significant efforts in recent years, not only in the fair distribut...
THE EFFECT OF HUMAN RESOURCE DEVELOPMENT ON EMPLOYEE PRODUCTIVITY
ABSTRACT
This project is on ‘’the assessment of the effect of human resource development on employee product...
IMPACT OF SUPERVISION ON THE MANAGEMENT OF SECONDARY SCHOOLS IN NORTH-EAST GEOPOLITICAL ZONE, NIGERIA
ABSTRACT
This study focused on the Impact of Supervision on the Management of Secondary Schools in North-East Geo-Political Zone, N...
THE EFFECTS OF PARENTAL SOCIO-ECONOMIC STATUS ON CHEMISTRY STUDENTS ACADEMIC ACHIEVEMENT IN SECONDARY SCHOOLS
BACKGROUND OF THE STUDY
Parents are the greatest single influence on their children’s development in two indisputa...
