CHAIRMAN SPEECH AT THE 17TH NATIONAL LEASE CONFERENCE

WELCOME ADDRESS BY DR. OLUTOYIN OKEOWO, CHAIRMAN, BOARD OF DIRECTORS, EQUIPMENT LEASING ASSOCIATION OF NIGERIA (ELAN) AT THE 17TH ANNUAL NATIONAL LEASE CONFERENCE HELD ON THURSDAY, 21st NOVEMBER 2019 AT GOLDEN TULIP HOTEL, BENIN CITY, EDO STATE   The Chief Host, His Excellency Godwin Obaseki, the Executive Governor of Edo State Special Guest of Honour Otunba Richard Adeniyi Adebayo, CON, Honourable Minister for Industry, Trade and Investment Esteemed Guest Speakers and Panellists Distinguished Special Guests Directors and Members of…

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MAJOR BAITS TO AVOID IN LEASE DOCUMENTATION

  Succeeding in the leasing world require lessors to guide against certain pitfalls while documenting their transactions. Some of these pitfalls include: ¨ Equity Contributions — The word equity connotes ownership. Therefore asking for equity contribution in a lease transaction no matter the percentage gives the lessee a proprietary interest in the leased asset and in the event of default, the lessor will not be able to repossess since the asset is deemed to belong to both parties. The same…

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