Wednesday, 31 August 2016

LAGOS PROPOSES A REGIONAL MASTER PLAN FOR IKORODU

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The upgrade of Ikorodu township, a rapidly expanding settlement in Lagos State, to a contemporary eco-city development is in top gear as the...
Tuesday, 30 August 2016

PREVAILING SYSTEMS OF LAND TENURE

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‎  At present, most of the land in the country is for leasehold and the governor of the state may grant statutory rights of occupancy for 99...
Monday, 29 August 2016

WORD BANK : POISON FOR HUSBAND

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Last month my neighbour went to complain to her mother! *Daughter:* Mom, I can not stand my husband. I want to kill him but I d...
Sunday, 28 August 2016

CUSTOMARY NORMS, RELIGIOUS BELIEFS AND SOCIAL PRACTICES THAT INFLUENCE GENDER - DIFFERENTIATED LAND RIGHTS

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There are as many customary laws in the country as there are communities. In most communities, women are not entitled to land in their ow...
Saturday, 27 August 2016

INHERITANCE / SUCCESSION DE FACTO PRACTICES

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Almost all ethnic groups practise patrilineal inheritance. Upon a man’s death, land may be divided among his male heirs or passed down solel...
Friday, 26 August 2016

INHERITANCE LEGAL MECHANISMS

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Under the Marriage Act of 1990, in the event of the death of her husband intestate, a woman is entitled to a certain percentage, at least o...
Thursday, 25 August 2016

WOMEN'S PROPERTY AND USE RIGHTS IN PERSONAL LAWS

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‎The system of marriage laws, which includes customary, Islamic and statutory marriage, has resulted in a plurality of legal provisions and ...
Wednesday, 24 August 2016

List of PMI

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List of Financial Institutions Primary Mortgage Institutions 1 ABBEY BUILDING SOCIETY LIMITED 2 ACCORD SAVINGS & LOANS LTD 3 AG H...
Tuesday, 23 August 2016

PRIMARY MORTGAGE INSTITUTIONS

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A Primary Mortgage Institution [PMI] shall be construed as any company that is licensed to carry out mortgage business in Nigeria. Mortg...
Monday, 22 August 2016

FEDERAL HOUSING AUTHORITY (FHA)

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‎ Background The Federal Housing Authority (FHA), a wholly owned agency of the Federal Government of Nigeria, was established vide Decree...
Sunday, 21 August 2016

PROVISIONS OF THE LAGOS STATE PROPERTIES PROTECTION LAW 2016

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Though not restricted to the commercial city of Nigeria, Land grabbing has always been a big issue in Lagos state. Property investors were ...
Saturday, 20 August 2016

DRAW RULES WITH LAGOS HOMS MORTGAGE (Part 2)

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THE DRAW RULES There shall be in respect of Lagos HOMS a periodic Draw of such number of homes as may be from time to time available f...
Friday, 19 August 2016

LETTING: 3 bedroom flat with pool and gym in an Estate at Maryland Ikeja

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This is a lovely built 3 bedroom flat for rent in Shonibare Estate, along Bank Anthony way, Maryland in Ikeja with bq, pool and gym. Suit...

DRAW RULES WITH LAGOS HOMS MORTGAGE (Part 1)

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In its quest to make affordable housing available for LAGOS State residents, the Lagos State Government established the Lagos Home Ownershi...
Thursday, 18 August 2016

ELIGIBILITY CRITERIA FOR LAGOS HOMS MORTGAGE

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Applicants must be primarily resident in Lagos State and will be required to provide proof or submit a copy of their Lagos State Residents ...
Wednesday, 17 August 2016

REQUIRED DOCUMENTS FOR SUBMISSION WITH YOUR APPLICATION FOR LAGOS HOMS MORTGAGE

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IF YOU ARE CURRENTLY EMPLOYED (FULL OR PART-TIME) Two (2) passport-sized photos (with name and signature behind) Evidence of yearly p...
Tuesday, 16 August 2016

5 EASY STEPS TO OWNING YOUR OWN HOME WITH LAGOS HOMS APPLICATION AND SUBMISSION

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You complete the Application Form in accordance with the instructions, pay the prescribed processing fee and collect a receipt after submitt...
Monday, 15 August 2016

LAGOS HOME OWNERSHIP MORTGAGE SCHEME (Lagos HOMS)

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The Lagos Home Ownership Mortgage Scheme (Lagos HOMS) is a government initiative to encourage and support home ownership of First-Time Buye...
Sunday, 14 August 2016

SIMILARITIES BETWEEN MORTGAGE DEBENTURE AND MORTGAGE

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Mortgage implies a debt and a personal obligation by the mortgagor/borrower to pay it. If there is a covenant or bond for the repayment of ...
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Saturday, 13 August 2016

DISCHARGE OF MORTGAGES

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The discharge of a mortgage means that the loan plus interest has been redeemed. The mortgagee/lender is ready to release the property and r...
Friday, 12 August 2016

MORTGAGE BY COMPANIES

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Section 166 of the Companies and Allied Matters Act provides that: “a company may borrow money for the purpose of its business or ob...
Thursday, 11 August 2016

COVENANTS BY THE MORTGAGOR

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The mortgage should include all covenants on the mortgagor’s part as follows: 1. Punctual payment of interest 2. Insurance ...
Wednesday, 10 August 2016

TRANSFER OF MORTGAGES

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Section 27 CA and 134 PC & L provide for the power of the mortgagee to transfer the mortgage or the benefit of the mortgage to a tran...
Tuesday, 9 August 2016

CREATING A LEGAL MORTGAGE: CONSENT

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Section 22 of the Land Use Act, 1978 provides that where an equitable mortgage has been created in favour of a mortgagee and consent has ...