Kasumu v Baba-Egbe

Subject Matter

MONEYLENDER — Non-compliance with statutory requirements — Unenforceable transaction — Loan — Security by way of mortgage of property — Borrower entitled to recover possession of property without repaying outstanding balance of loan — “Not be entitled to enforce any claim in respect of any transaction” — Construction — Moneylenders Ordinance (Consolidated Ordinances of Nigeria, c. 136), s. 19.

[1956] AC 539; [1956] 3 WLR 575; [1956] 3 All ER 266, PC

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