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EQUITY CONTRIBUTION AND PURCHASE OPTION
January 9, 2020
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­Equity contribution and purchase options are common features in lease transactions, In case of equity contribution the intention mainly, is to get the commitment of the lessee while for purchase option is to achieve the true intention in finance lease of the lessee becoming owner of the asset at the end of the lease. Many transactions have scaled through without any issue relating to these. However, the sore point will manifest when there are disputes especially on repossession. Equity contribution…

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Secured Transaction, Collateral Registry and Leasing
January 8, 2020
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Secured Transaction, Collateral Registry and Leasing In 2017, the Secured Transaction in Movable Assets Act was enacted to encourage the use of movable assets as collateral for a loan. This is part of Government’s efforts to enhance access to finance especially to SMEs and financial inclusion The Act applies to all securities in movable assets created by an agreement that secures payment or the performance of an obligation and all public registries on movable assets are expected to be…

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2020 OUTLOOK
January 8, 2020
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2020: WEAK MOMENTUM, MORE CHALLENGES AS LEASING REMAINS RESILIENT The Global Economy According to the World Bank, Global Gross Domestic Product (GDP) growth fell to 2.6% in 2019 – 0.3 percentage point below previous projections – its lowest rate since the financial crisis, reflecting the broad-based weakness observed during the first half of the year, including a further deceleration in investment amid rising trade tension. As recent softness abates, global growth is projected to edge up to 2.7 (some…

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THANK YOU FOR YOUR STEADFAST SUPPORT
January 6, 2020
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On behalf of the Board of Directors, Management and Staff of the Association, we express our profound appreciation to you for your continued support for the Association and growth of the leasing industry in 2019. Our relationship with you and your immense contributions to the development of the Nigerian Leasing industry over the years is one thing we treasure. The Leasing Industry and indeed the Association, have been able to achieve remarkable milestones due to your unwavering support. Essentially,…

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CHAIRMAN SPEECH AT THE 17TH NATIONAL LEASE CONFERENCE
November 25, 2019
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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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17TH NATIONAL LEASE CONFERENCE – SPEAKERS PROFILE
November 13, 2019
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  KELVIN UWAIBI – SENIOR SPECIAL ASSISTANT TO THE EDO STATE GOVERNMENT ON INVESTMENT PROMOTION Kelvin Uwaibi currently heads the Edo State Investment Promotion Office (ESIPO), Edo State, Nigeria and seats on the National Committee on the “Zero Oil” plan agenda and State Representative at the Nigeria Investment Promotion Commission (NIPC) and Nigeria Export Promotion Council (NEPC) respectively. His interests are in Micro, Small and Medium Enterprises (MSMEs) growth, Promotion of Domestic Investment and Foreign Direct Investment (FDI) Financing….

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ELAN VISITS CONSOLIDATED HALLMARK INSURANCE PLC
August 22, 2019
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ELIZABETH EHIGIAMUSOE (4TH FROM LEFT), VICE CHAIRMAN, EQUIPMENT LEASING ASSOCIATION OF NIGERIA (ELAN) AND EDDIE EFEKOHA, MANAGING DIRECTOR/CEO CONSOLIDATED HALLMARK INSURANCE PLC IN A GROUP PHOTOGRAPH WITH OTHER MEMBERS OF THE ELAN AND CHI PLC TEAM DURING THE VISIT.   The Equipment Leasing Association of Nigeria (ELAN) paid a courtesy visit to Consolidated Hallmark Insurance Plc on the 22nd of August 2019. The visit is part of the Association’s strategic focus to foster closer relationship with members and other…

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