Stuck in a Time Warp: Security Interests in Chattel Mortgages and the Bills of Sale Legislation in Nigeria

Abstract

Examines the law in Nigeria on the use of the bill of sale as a security device in the form of a chattel mortgage. Considers issues including the definition of "personal chattels," the formal requirements of a bill of sale, the remedies for its breach and the effect of a borrower's bankruptcy. Discusses the Central Bank of Nigeria (CBN) Regulations on security interests in moveable property. Evaluates the regime and suggests reforms.

Divisions: College of Business and Social Sciences > Aston Business School
College of Business and Social Sciences > Aston Law School
Additional Information: This is a pre-copyedited, author-produced version of an article accepted for publication in International Company & Commercial Law Review following peer review. The definitive published version I.C.C.L.R. 2015, 26(11), 345-354 is available online on Westlaw UK or from Thomson Reuters DocDel service .
Publication ISSN: 0958-5214
Last Modified: 15 Mar 2024 08:14
Date Deposited: 01 Jul 2019 12:27
Full Text Link: https://papers. ... ract_id=2675459
Related URLs: http://login.we ... 4B8D42208D11D59 (Publisher URL)
PURE Output Type: Article
Published Date: 2015
Authors: Otabor-Olubor, Iyare (ORCID Profile 0000-0003-0600-4582)

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