March 2019

Utilization of valuations for secured lending in Abuja, the federal capital city of Nigeria

Utilization of secured lending valuations (SLV) by deposit money banks (DMBs) has not been sufficiently investigated in Abuja, Nigeria. Adequacy of the reports, factors influencing their use and how DMBs utilized them for loans were examined. Primary data collected from Estate Valuation (ESV) firms and DMBs were analyzed. Although the study showed that substantial portions of the report were adequate, crucial aspects...

Author(s): Babatunde Isaiah Olajide and Ajayi Cyril Ayodele