Tag: Nigerian contract law
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When Does a Loan Transaction Become Money Lending Under Nigerian Law?
Not every person who gives out a loan in Nigeria automatically qualifies as a money lender under the law. This article examines Nigerian appellate Court decisions on money lending transactions, licensing requirements, interest charges, enforceability of loan agreements, and the legal effect of violating Money Lenders Laws.
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What Claimants Must Prove in a Breach of Contract Case in Nigeria
To succeed in a breach of contract case in Nigeria, a claimant must establish the essential facts and legal elements supporting the claim.