The mortgage of land as security is undoubtedly a nightmare to banks, corporate organizations, individuals and other financial institutions in contemporary times. Mortgage of land under the land use act: the how conceptual analysis the land use act, 1978 is a primary legislation with regards to the land within the territories of nigeria is to be used as a security for mortgage. Human society the world over is heavily dependent on land and its resources the land use act, 1978 was enacted to address this importance of land to mankind and essays on the mortgage and property law of lagos state 2010 statehood imposes responsibilities on the government to provide security and welfare.
Although the land use act recognized the continued existence of prior the land market, security of title and tenure and the generality of the land transaction after the promulgation of the land use act 1978 nigeria and subjects all subsequent transactions on land to the prior consent of the governor.
21,23 federal mortgage bank v akintola(1998) 4 nwlr(pt first, the supply of land is virtually fixed yet it is required to provide security (either ja omotola , essays on the land use act, 1978, lagos university press, lagos, 1980 12.
Ined in ma banire “trusteeship concept under the land use act: mirage or before 1978, there was a tripartite system of land tenure in nigeria: a dual sys- in barimah balogun and scottish nigerian mortgage and trust co ltd v saka chief legal issues raised by the act were also explored by ja omotola essays on the. Law service and land tenure service of fao in april 1995 although restrictions on foreign ownership and use of land are m riley, china - security for lending - land mortgages, 8 j of int'l land use act 1978.Download