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Equipment leasing in the Nigerian banking environment: a legal perspective

Amasike, Chukwudi Joseph (1993) Equipment leasing in the Nigerian banking environment: a legal perspective. Doctor of Philosophy (PhD) thesis, University of Kent. (KAR id:94169)

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Abstract

There is today a great variety of economic ventures in Nigeria needing huge capital resources for their development. These ventures usually require very expensive equip­ment which financially cannot easily be acquired by people who need it. Even where they can afford to do so they generally would not like to purchase it as doing so would not only tie down their capital but also saddle them with equipment they probably only require to carry out a specific project. But since the businessman or industrialist must use the equipment for the execution of his business, an alternative source of financing has to be found, and equipment leasing has been found to be the most attractive.

Even though equipment leasing was introduced in Nigeria only in the early 1960’s, it has grown into a multi-billion naira business in less than three decades and has generated a special interest in the Nigerian banking institutions, among others. Despite the huge scope and size of the industry, it is unfortunate to note that this commercial activity is very much misunderstood by the general public and the operators, and worse still there is no adequate and / or specific legislative structure governing it. The effect of this is that the industry is developing in very many directions.

This thesis therefore attempts to examine fully the legal perspective of this mode of financing within the Nigerian banking environment, with a view to stream-lining the operations or providing some sense of direction in this highly lucrative and vibrant commercial activity.

Item Type: Thesis (Doctor of Philosophy (PhD))
Thesis advisor: Adams, John N.
Additional information: This thesis has been digitised by EThOS, the British Library digitisation service, for purposes of preservation and dissemination. It was uploaded to KAR on 25 April 2022 in order to hold its content and record within University of Kent systems. It is available Open Access using a Creative Commons Attribution, Non-commercial, No Derivatives (https://creativecommons.org/licenses/by-nc-nd/4.0/) licence so that the thesis and its author, can benefit from opportunities for increased readership and citation. This was done in line with University of Kent policies (https://www.kent.ac.uk/is/strategy/docs/Kent%20Open%20Access%20policy.pdf). If you feel that your rights are compromised by open access to this thesis, or if you would like more information about its availability, please contact us at ResearchSupport@kent.ac.uk and we will seriously consider your claim under the terms of our Take-Down Policy (https://www.kent.ac.uk/is/regulations/library/kar-take-down-policy.html).
Uncontrolled keywords: Banking
Subjects: H Social Sciences > HG Finance
K Law > K Law (General)
K Law > KZ Law of Nations
Divisions: Divisions > Division for the Study of Law, Society and Social Justice > Kent Law School
SWORD Depositor: SWORD Copy
Depositing User: SWORD Copy
Date Deposited: 28 Jun 2022 14:52 UTC
Last Modified: 28 Jun 2022 14:52 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/94169 (The current URI for this page, for reference purposes)
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