TABLE OF CASES
1. 3502 Lending, LLC v CTC Real Estate 229 P. 3d 1016 (Ariz. Ct. App. 2010).
2. Abdulrahman v Oduneye (2009) 17 NWLR (Part 1170) 220 C.A
3. Adenekan v Owolewa (2004) ALL FWLR (Part 216) 510.
4. Adetona & Anor. v Zenith International Bank Plc (2011) 12 SC (Part IV) 44; (2011) 18
NWLR (Part 1279) 627 S.C.
5. Adjei v Dabanka (1930) 1 W.A.C.A. 63
6. African Continental Bank Ltd. v Yesufu (1977) NCLR p. 212
7. Agboola v U.B.A. Plc (2011) 11 NWLR (Pt 1258) 375
8. Alhaji Goni Kyari v Alhaji Ciroma Alkali & Ors (2001) 11 NWLR (PT 724) 412
9. Ameriquest v Paramount Mortgage 4 A. 3d 934 (Md. 2010).
10. Anambra State Housing Development Corporation v Emekwue (1996) 1 NWLR (Part
426) 505
11. Awojugbagbe Light Industries v Chinukwe & Ors. (1995) 4 SCNJ 162
12. Babatunde v B.O.N. Ltd. (2011) 18 NWLR (Part 1279) 738 S.C
13. B.O.N. Ltd v Akintoye (1999) 12 NWLR (Part 392) 403
14. B.O.N. v Aliyu (1999) 7 NWLR (Part 612) 622 at 634
15. Brown v Cole (1845) 14 Sim. 427
16. Browne v Tyan (1901) 21 R. 653
17. Chapman v Chapman (1851), 13 Beav 308
12
18. Chigbu v Tonimas (Nig.) Ltd. (2006) 9 NWLR (Pt. 984) 189
19. Davis v Bowsher (1774) 5 Term Rep. 488
20. Degirolamo v Suntrust Mortg. Inc. No. 10-6032 (Bankr. N.D. Ohio September 2010).
21. Dyson v Simmons 48 Md. 207 (1878).
22. Eka-Eteh v NHDS Ltd. (1973) 6SC 183
23. Erikitola v. Alli (1941) 16 NLR 56
24. F.M.B.N. v. Lagos State Govt. (2010) 5 NWLR (Part 1188) 570 at 594
25. Federal Administrator General v. Cardoso (1973) NSCC 577, 580
26. Sir Adetokunbo Ademola v Amao & Ors (1982) CGSLR p.273
27. Ihekwoaba v. ACB (1998) 10 NWLR (Part 571) 590.
28. Intercity Bank Plc v Feed & Food Farms Nig. Ltd. (2002) FWLR (Part 128) 1289
29. Knightsbridge Estate Ltd v Bryne (1939) 1 Ch. 441 at 456
30. Kreglinger v New Pantagonia Meat and Cold Storage Co. Ltd. (1914) A.C. 25
31. Lewis v Frank Love Ltd (1961) ALL E.R. 446
32. Lockhart v Hardy (1946) 9 Beav. 349
33. London and Globe finance Corps Ltd v Montgomery (1902) 18 T.L.R. 661
34. Mustapha v Abubakar (2011) 3 NWLR (Part 1233) 123 C.A.
35. NHDS v Mumuni (1977) 2 SC 57.
36. Nig. Advertising Services Ltd. V. UBA Plc (1999) 8 NWLR (Part 616) 546.
37. Ogundaini v. Araba & Or (1978) NSCC VOL. 11 334
38. Ogunleye v Oni. (1990) 2 NWLR (Part 135) 733
39. Okonkwo v. Cooperative and Commerce Bank (Nig.) Plc (2003) FWLR (Part 154) 457
40. Olowu v Miller Bros Limited (1922) 3 NLR 110
13
41. Owoniboys Technical Services Ltd v Union Bank of Nigeria Ltd (2003) SCNQR 58
42. Payne v. Cardiff Rural District Council (1932) 1 KB 241
43. P.I.P. Ltd. v Trade Bank (Nig.) Plc (2009) 13 NWLR (Pt. 1159) 577 C.A
44. Rafuka v Kurfi (1996) 6 NWLR (Part 453) 235.
45. Reeve v Lisle (1902) A.C. 461 H.L
46. Russel v. Russel (1783) 1 Bro. C.C. 269
47. Salami v Wema Bank (Nig.) Plc (2010) 6 NWLR (Part 1190) 341 C.A
48. Samuel v Jarrah Timber and Wood Paving Corporation (1904) AC 323 H.L.K
49. Santley v Wilde (1899) Ch. P. 474.
50. Savannah Bank of Nig. Ltd. v. Ajilo (1989) 1 NWLR (Part 97) 305
51. Silberschildt v Schiott (1814) 3 Ves. & B. 45.
52. S.O.N. Okafor & Sons Ltd v Nigeria Housing Devt Society Ltd. (1972) ECSLR (Part 1)
349
53. Sutton v Sutton (1882) 22 CH.D 511.
54. Taylor Electric v First Mariner Bank 992 A. 2d 490 (Md. Ct. Spec. App. 2010)
55. UBN Plc v Olori Motors Co. Ltd (1998) 5 NWLR (Part 551) 652
56. W.A.B Ltd v Savannah Ventures Ltd (2002) 10 NWLR (Part 775) S.C. 401
57. Walsh v. Lonsdale (1882) Ch.D. 9
58. WEMA Bank Plc v Abiodun (2006) 9 NWLR (Part 984) 1
59. West African Breweries Ltd. v Savannah Ventures Ltd. (2002) 5 SCNJ, P. 269
60. White v City of London Brewery Co. Ltd. (1889) 42 Ch. 237
61. Yaro v Arewa Construction Ltd (2008) All FWLA (Part 400) 603.
14
TABLE OF STATUTES
Asset Management Corporation of Nigeria Act.
Banks and Other Financial Institutions Act, 1991.
Companies and Allied Matters Act (CAMA) CAP C20 Laws of the Federation of Nigeria, 2004
Conveyancing and Law of Property Act (C.A) 1881.
Environmental Impact Assessment Act 1992.
Harmful Wastes (Special Criminal Provisions etc.) Act 1988 (Harmful Wastes Act).
Federal Mortgage Bank of Nigeria Act Cap. F16 Laws of the Federation of Nigeria 2004.
Federal Housing Authority Act 1990. CAP 136 Laws of the Federation of Nigeria 2000.
Illiterate Protection Act.
Infant Relief Act.
Land Instrument Registration Law of Kaduna State.
Land Instrument Registration law Ogun State.
Land Registration Act (LRA).
Land Use Act of 1978 CAP L5, LFN 2004.
Law Reform (Contract) Act.
Law Reform (Contract) Law CAP 114 Laws of Lagos State 1994.
Limitation Law (Cap. L67, Laws of Lagos State, 2003).
National Environmental Standards and Regulations Enforcement Agency (Establishment) Act,
2007 Act No.25 (NESREA).
15
Mortgage and Property Law (2010) of Lagos state.
Property and Conveyancing Law (PCL) CAP. 100 Laws of Western Region of Nigeria, 1959.
Real Property Limitation Act, 1835.
Registered Titles Law (RTL) CAP. L4 Laws of Lagos State 2003.
Stamp Duties Act CAP. S8 Laws of the Federation of Nigeria 2004.
Statute of Fraud 1677.
CHAPTER ONE: INTRODUCTION 1.1 BACKGROUND TO THE STUDY Land constitutes the basis of man’s livelihood and existence. This is especially true because the extent of man’s development is embedded in the value and measure of land. Inextricably linked with land is the housing sector which is at the core of any developed nation. The impact of the housing sector on the economy of any nation cannot be undermined as it is crucial to any solution proffered to the process of the nation’s development. In most developed economies, it is seen as an important sector for stimulating economic growth.1 It plays a prominent role in both developed and developing economies of the world. In fact it has been acknowledged as one of the guaranteed means for the creation of jobs, eradication of poverty, reduction of corruption and ensuring the security of the nation.2 It has also made an impact in terms of ensuring social benefits in the aspect of contributing to community and nation building. As opined by the Minister of Finance in her keynote address3 in India, each new housing unit generates 1.5 direct and 8 indirect jobs and in South Africa, each housing unit creates 5.62 direct jobs and 2.5 indirect jobs. This shows that the housing sector is one which must be assiduously focused on by every nation. Even in Nigeria, housing has been recognized as a major priority but despite 54 years of her independence, much is still left to be desired in the mortgage industry. The housing sector has a significant impact on other sectors of the economy.
