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Property Law: Lagos moves to protect mortgagee, proposes foreclosure |

Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy. Lagos, June 30, 2021 (NAN) The Lagos State Government has commenced processes to incorporate the âforeclosure clauseâ into the Lagos State Mortgage and Property Law to safeguard development of its real estate sector. The Special Adviser to Gov. Babajide Sanwo-Olu on Housing, Mrs Toke Benson-Awoyinka said this on Wednesday, at a roundtable on the proposed amendment to the law in Lagos. The News Agency of Nigeria (NAN) reports that foreclosure is the action of taking possession of a mortgaged property when the mortgagor fails to keep up their mortgage payments.

Lagos stateRasheed makindeKehinde ogundimuMoyosore onigbanjoLagos house of assembly committee on housingNews agency of nigeriaNigeria mortgage refinance companyLagos state house of assemblyLagos state governmentLagos state mortgageProperty lawSpecial adviserBabajide sanwo oluMrs toke benson awoyinkaNews agencyLagos state house

Lagos govt seeks inclusion of property auction in amended mortgage law

Lagos govt seeks inclusion of property auction in amended mortgage law
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Lagos stateRasheed makindeKehinde ogundimuMoyosore onigbanjoLagos house of assembly committee on housingNews agency of nigeriaPt mag campaignNigeria mortgage refinance companyLagos state house of assemblyLagos state governmentLagos state mortgageProperty lawSpecial adviserGovernor babajide sanwo oluToke benson awoyinkaNews agency

Lagos to protect mortgagee in new property law, proposes foreclosure

Lagos to protect mortgagee in new property law, proposes foreclosure
nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.

Lagos stateKehinde ogundimuNews agency of nigeriaNigeria mortgage refinance companyLagos state governmentLagos state mortgageNews agencySpecial adviserLagos state governorMrs toke benson awoyinkaManaging directorChief executive officerலாகோஸ் நிலைநைஜீரியா அடமானம் மறுநிதியளிப்பு நிறுவனம்லாகோஸ் நிலை அரசுலாகோஸ் நிலை அடமானம்

Sovereign Investment Fund bridging Nigeria s infrastructure gap

By Folasade Akpan Over the years, the challenge of providing adequate infrastructure for Nigerians has been a herculean task for government at all levels and the Federal Government has at several occasions called on organisations to help in bridging the gap. The Vice President, Prof. Yemi Osinbajo, at an event in 2020 said that in spite of government interventions over the years, Nigeria still faces a huge infrastructural deficit, which is constraining rapid economic growth. He had said that according to the Nigerian Integrated Infrastructure Masterplan (NIIMP) and the Economic Recovery and Growth Plan (ERGP), Nigeria needs up to three trillion dollars over the next 30 years to bridge its infrastructure gap.

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Why NSIA shows resilience amid global pestilence

Second Niger BridgeThe devastating impact of the COVID-19 pestilence on the global economy is obvious. Reason finance experts rightly predicted that many corporations’ finances in 2020 would be in red. The International Monetary Fund did predict that the global economy would contract by three percent as countries around the world shrink at the fastest pace in decades. The IMF described the global decline as the worst since the Great Depression of the 1930s. x It said the pandemic had plunged the world into a “crisis like no other”. The Fund added that a prolonged outbreak would test the ability of governments and central banks to control the crisis.

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