Nigeria: Lagos Mortgage Law Underway With Public Hearing

28 September 2009

Lagos — The Lagos State House of Assembly has held a public hearing to herald a bill aimed at regulating mortgage practice in the state.

In his welcome address, Chairman, House Committee on Finance, Hon. Adeola Olamilekan, said that when passed into law, the bill will encourage the growth of mortgages in property, regulate various aspects of consumers loans for acquisition of property and realisation of securities and other connected matters.

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