Towards Reforming the Legal Framework for Secured Transactions in Nigeria

Towards Reforming the Legal Framework for Secured Transactions in Nigeria
Author :
Publisher : Springer
Total Pages : 305
Release :
ISBN-10 : 9783319418360
ISBN-13 : 331941836X
Rating : 4/5 (36X Downloads)

Book Synopsis Towards Reforming the Legal Framework for Secured Transactions in Nigeria by : Chima Williams Iheme

Download or read book Towards Reforming the Legal Framework for Secured Transactions in Nigeria written by Chima Williams Iheme and published by Springer. This book was released on 2016-08-16 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a valuable guide to one of the most challenging areas of commercial law, now frequently referred to as secured transactions, with a focus on Nigerian, Canadian and United States perspectives. A debtor’s ability to provide collateral influences not only the cost of the money borrowed, but also in many cases, whether secured lenders are willing to offer credit at all. The book proposes that increasing access to, and indeed, lowering the cost of credit could tremendously boost economic development, while at the same time arguing that this would best be achieved if the legal framework for secured transactions in Nigeria, and of course, any other country with similar experiences, were designed to allow the use of personal property and fixtures to secure credit. Similarly, the creation, priority, perfection, and enforcement of security interests in personal property should be simplified and supported by a framework that ensures that neither the interests of secured lenders nor debtors are hampered, so as to guarantee the continuous availability of affordable credit as well as debtors’ willingness to borrow and do business. The book further argues that in addition to the obvious preference for real property over personal property by secured lenders due to the unreformed secured-transactions legal framework in Nigeria, its compartmentalized nature has also resulted in unpredictability in commerce and the concomitant effects of poor access to credit. Through the comparative research conducted in this book utilizing the UCC Article 9 and Ontario PPSA as benchmarks, the author provides reformers with a repository of tested secured-transactions law solutions, which law reformers in the Commonwealth countries in Africa and beyond, as well as the business community will find valuable in dealing with issues that stem from secured transactions.


Towards Reforming the Legal Framework for Secured Transactions in Nigeria Related Books

Towards Reforming the Legal Framework for Secured Transactions in Nigeria
Language: en
Pages: 305
Authors: Chima Williams Iheme
Categories: Law
Type: BOOK - Published: 2016-08-16 - Publisher: Springer

GET EBOOK

This book offers a valuable guide to one of the most challenging areas of commercial law, now frequently referred to as secured transactions, with a focus on Ni
Legal Problems of Secured Transactions in Nigeria
Language: en
Pages: 268
Authors: Emmanuel O. Nwabuzor
Categories: Commercial law
Type: BOOK - Published: 1993 - Publisher: National Library of Canada = Bibliothèque nationale du Canada

GET EBOOK

UNCITRAL Model Law on Secured Transactions
Language: en
Pages: 96
Authors: United Nations Commission on International Trade Law
Categories: Law
Type: BOOK - Published: 2016 - Publisher:

GET EBOOK

The "Model Law" deals with security interests in all types of tangible and intangible movable property, such as goods, receivables, bank accounts, negotiable in
A Case Book on the Law of Evidence
Language: en
Pages: 252
Authors: Niki Tobi
Categories: Law
Type: BOOK - Published: 2002 - Publisher: Fourth Dimension Publ.

GET EBOOK

This is a companion volume to The Law of Evidence in Nigeria (Aguada, 1974). It specifically reports Nigerian cases conducted under Nigerian jurisdiction and th
Secured Transactions Law Reform
Language: en
Pages: 616
Authors: Louise Gullifer
Categories: Law
Type: BOOK - Published: 2016-10-20 - Publisher: Bloomsbury Publishing

GET EBOOK

Secured transactions law has been subjected to a close scrutiny over the last two decades. One of the main reasons for this is the importance of availability of