Legal and regulatory framework for the mortgage industry in Nigeria

Authors

J. A. Akinwale, Jimlands Nigeria Limited.

Publisher

Central Bank of Nigeria

Keywords

Housing Finance, Mortgage Finance, Housing, Nigeria

Abstract

This article examines the legal and regulatory framework for the mortgage industry in Nigeria. The outline of major issues on legal and regulatory framework for mortgage institutions discussed in the article include: Functions of PMI’s vis-a-vis their enabling laws and role in the overall financial system; licensing; assets and liability powers; capital requirements; supervision; disclosure and verification of information; staffing, and developmental issues.

Author Bio

Mr. J. A. Akinwale is the Managing Director/Chief Executive Officer, Jim/ands Nigeria Limited (Housing Finance Consulting Services Company).

Publication Title

CBN Economic and Financial Review (EFR)

Issue

4

Volume

43

Recommended Citation

Akinwale, J. A. (2005). Legal and regulatory framework for the mortgage industry in nigeria. Economic and Financial Review. 43(4), 29-46.