Nigeria - 1979 - Finance

Bank, Motor Vehicle Loans, (Miscellaneous Provision) Act, 1979

Ministry of Finance, Nigeria

This Act prohibits the sale or disposal of a motor vehicle on which there are outstanding loans from a bank. The Act specifies the offences and penalties for the unauthorized sale of a motor vehicle with outstanding loans and other related matters.

Process Flow

Compare Versions Please select two versions

Bank, Motor Vehicle Loans, (Miscellaneous Provision) Act, 1979 Current Version

January 2022

This Act prohibits the sale or disposal of a motor vehicle on which there are outstanding loans from a bank. The Act specifies the offences and penalties for the unauthorized sale of a motor vehicle with outstanding loans and other related matters.

Request Expert Analysis

Ask one of our policy analysts to take an in-depth look at this policy and provide you with a written summary. An additional cost may apply. Please let us know what questions you are looking to answer.

Thank you for requesting an expert analysis

A member of our team will review your request and reply back to the email address on file.