Ifediora C. Obiorah is an Associate in the firm, and a member of the Nigerian Bar Association. He holds an LL.B. from Nnamdi Azikiwe University. His practice focuses on Litigation.
Usufructuary Right of a mortgagee appears to be one of the easiest ways for a mortgagee to recover a loan. It also takes the burden of having to run around to secure a repayment of the mortgaged sum from the mortgagor.
This legislation establishes a clear legal framework to identify, prohibit, and prosecute illicit activities. Those operating illegal investment schemes may face up to ten years in prison. The law aims to deter fraud and boost investor confidence.
The regulation of money lending in Nigeria operates within a dual-layered legal architecture state-level control for traditional money lending activities and federal oversight for digital operations.
