Nigeria - 2017 - Finance

Secure Transactions in Movable Assets Act, 2017

Ministry of Finance, Budget and National Planning, Nigeria

This Act makes provision for secure transactions, regulation and registration of movable assets in Nigeria. The objectives of this Act include: to promote financial inclusion; increase credit provision and lending to SMEs; promote access to credit with movable assets; promote security interest in movable assets; to establish a collateral registry as well as other related matters.

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Secure Transactions in Movable Assets Act, 2017 Current Version

January 2022

This Act makes provision for secure transactions, regulation and registration of movable assets in Nigeria. The objectives of this Act include: to promote financial inclusion; increase credit provision and lending to SMEs; promote access to credit with movable assets; promote security interest in movable assets; to establish a collateral registry as well as other related matters.

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