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.
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The purpose of this study was to appraise public relations activities in tertiary institutions, a case study of...
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In every human environment, students’ health has been the major contributory factor to their academic per...
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The media is increasingly playing an important role in promoting tourism. The SAT Strategy (2013: 12) suggests that the opportun...
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The study examined the energy consumption and economic growth in Nigeria, using the time frame...
Background of the study
Many impoverished individuals in emerging nations face declining living conditi...
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Companies Income Tax Act (CITA) is the main legislation that governs the taxation of corporations in Nigeria. About one trillion...
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This study is on effect of drug abuse on mental health. The total population for the study is 200 staff of psyc...
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The title on this research work is “the role of industrial hea...
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This study is meant to examine the effect of external debt on gross domestic product using econometric analysis. The research re...
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This study dwells on The Effect of Ratio Analysis in Investment Decision in First Bank Nigeria Plc. The study b...