Acting President, Yemi Osibanjo signs new laws that allows the use of motor vehicles and other movable assets as collateral for bank loan

Acting President Yemi Osinbajo has signed two new laws that will facilitate access to more affordable credit facilities for businesses in the country. The new Acts are the Secured Transactions in Movable Assets Act, 2017 (otherwise known as Collateral Registry Act) and the Credit Reporting Act, 2017. In a statement released by Osibanjo's spokesman, Laolu Akande, Osinbajo’s spokesman,