₦airaland Forum

Content creators and posting rubbish. It is practically impossible for any financial institution to grant a loan request, mortgaged by a landed property, that doesn't belong to the borrower. How did the bank officer ascertained that the building belongs to the wife? Even if the building is in the name of both couples, the bank will still request the express approval of the joint owner, to accept that the asset would be used as a collateral for the loan.

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MrBrownJay1:
how can anyone take a loan with collateral that they dont own?!?! so tomorrow i can rent a car and thereafter use that same car to ask for a loan?!?!?! [b]ZOOGERIA INDEED!

https://www.reactiongifs.com/r/leowtf.gif

Thank you for this reasoning. The story will be much more than what is being said.

nedekid:
Oga, which bank will operate like as you say, ie give a loan to a wife using the husbands property as collateral because their name is similar. Omo, even sabinus microfinance merchant bank won't do that. Even if a man dies, do you think the wife can sell his property or take loan from the bank without a letter of administration? In that case why can't she just walk into the bank and demand access to his account as their names are similar and she is his wife?
Seems you are very ignorant of basic laws.

Then it's obviously a skit.

NEUDUDE:
Let the whole world see what idiot, when we tell you beware with women, you go begin rant up an dan. One useless simp down haha, more to go...

How is he a simp or an idiot. Is it because he got married? Do you even know what a simp or an idiot means? there are good and bad people in this world, it's unfortunate his wife is a bad person end of story.

My colleague in the office fell victim to this same scenario too, his wife sold his house for 50 million in Abuja. The mistake my colleague made was he bought the property in the name of the wife.

you go dey trust woman

LtChisom:
I just saw how you dodged condemning the criminal woman here, is this not criminality failed species?

lol not necessarily. He is the bigger problem. Her own matter go end for prison but he wey don go marry him enemy is the bigger looser

OmovuduTheBeast:
If you believe this fake story, then you must be an idiot. I wonder how people just swallow every rubbish they see posted online.

What makes it fake. Please show us proof.

As we speak now, where's the woman?

That is height of selfishness and high-handedness.

Some wives are deadly, callous, cunny and insensitive.

OmovuduTheBeast:
If you believe this fake story, then you must be an idiot. I wonder how people just swallow every rubbish they see posted online.

But these shady Nigeria loan apps do it all the time - if you don't pay they come and carry your belongings

Exousiang01:
This story doesn't add up.
If her name is not on the document then I don't see how this is possible.

The man should head straight to court.

The only downside is that his wife I'll end up in jail

They can't take the house. I think it's just mere content. Firstly, she presented documents that doesn't carry her name. Why didn't the people insist on the husband's approval of the loan? If she says the man is death, then you ask for his death certificate. It's that simple. Let them go and deal with the woman how they want. They can't claim the house. It's a simple matter.

Nazgul:
Then it's obviously a skit.

Actually, the man has not said the truth.
Few years ago, there was this reigning local scam by guymen that were no longer making money from international 419. Most had big houses but no money. They will release documents of their houses to relatives or cohorts to sell or take huge loans. Some may be slightly altered documents or some were so brazing to give out "oluwole originals" . When they are sold or heavy loans are taken, they share the money. Meanwhile the fellow comes out to claim he never knew of the sale or loan adding different stories of how eg his documents were stolen or faked. The buyer or creditor looses their money. Afterall if you buy stolen property, it is your loss and not tat of the owner.

End time wife taking end time loan

Wife from hell

Nazgul:
If your land documents gets stolen, you'd be expected to report immediately. If you were issued a C of upon purchase of your property, your C of O would come with a unequie serial number and an issuance date. which once reported would be deactivated provided you can provide receipts of purchase and other evidence to prove that the property belongs to you.

So whoever is buying the property, if he's wise he has to go to the state ministry of lands to confirm the originality of the document in his possession before making payment. Or else his money would enter one chance and can be arrested for theft.

The woman in question took the documents without her husband's knowledge to get the loan. So since he wasn't aware that his property documents were missing he couldn't file any report.

now you are making EVEN less sense!!! so because the wife took the documents, it automatically makes the documents legit for her to get a loan from the bank (even if it is clearly stated on these documents that its not hers to sell)?

JuanDeDios:
It's not a Nigerian thing. It's a husband and wife thing under the common law. It has both liabilities but it also offers some protections. You can be legally liable for a lot of things things done by your wife. If it was his adult kid, he can make a case, but as long as it's your wife, your own done be.

your wife cannot get a loan with properties that does NOT belong to her... thats just plain and simple!

etrouble:
The man might have put both his name and his wife’s name on the document. Shebi that is what you youths have been preaching.

Any woman that tries that nonsense with me, her whole family will pay for it, if not, na Ogun and Sango go settle the matter. This case no concern Jesus at all

yeah that would be forgery, and the only way that above scam can work...

Was the wife a signatory to the house document? If not,it's an illegal transaction.

oga give us full detail thats not even posdible while you are alive

Nazgul:
As long as she has access to the original documents of the house, whoever owns it doesn't really matter. Cos the bank or whoever granted her access to the loan are only interested in the originality of the collateral and not who owns it. Bad kids do this all the time. They steal their parents house documents and sell off the property

The mistake the man made was revealing to her where the original documents of his house was.

From your statement, either you are ignorant, or the lender is ignorant.

Because in accordance with the requisite provisions of section 22 of The Land Use Act, a Governor’s consent is required before one can mortgage a property.

KingMack:
This generation of women and heartlessness is like 5/6

Please don't be stupid. Anyone can be evil whether men or women.

If only his name or both their names are on the house documents, then the creditors have no case. You can't take a loan with a property that isn't yours or isn't fully yours.

MrBrownJay1:
your wife cannot get a loan with properties that does NOT belong to her... thats just plain and simple!

Yes, but you can be asked to pay her debts under some circumstances. Dey there. It's not plain and simple at all.

fking skit making jokers

the man did not name himself
he did not name his wife
he did not name the so called loan company
he did not say the business his wife took the loan for
he is living with his wife. if his wife took a loan to run a business, he would see the business running
no one will come for the house without notice first

even the house itself does not actually look lived in

OmovuduTheBeast:
If you believe this fake story, then you must be an idiot. I wonder how people just swallow every rubbish they see posted online.

Even just in FP alone,count the number of idiots that already believe the fake tale.
So if a robber steals a document and presents to the bank they will grant that robber a loan based on it?
Even with documents,the banks will still pay several visits to the property to ascertain there is one,to value it and then verify the documents.So all the while they visited,they didnt meet the man in the house?
Rubbish story!

OmovuduTheBeast:
If you believe this fake story, then you must be an idiot. I wonder how people just swallow every rubbish they see posted online.

Didn't u hear the man saying she wants to destroy him...that he also called his inlaws tk report her.

They are quarrelling.

JuanDeDios:
Yes, but you can be asked to pay her debts under some circumstances. Dey there. It's not plain and simple at all.

TRUE IN SOME CASES... so let hem ask him to repay her debts is one thing... to take away his house because of her debts is a long shot.

It matters and it would turn to a court case. If the house is solely in the husband's name, the wife cannot use it as collateral without his explicit permission. And if the house is owned jointly, both parties would typically need to agree to use the house as collateral. The wife cannot unilaterally take a loan secured by jointly owned property without her husband's consent.

Nazgul:
As long as she has access to the original documents of the house, whoever owns it doesn't really matter. Cos the bank or whoever granted her access to the loan are only interested in the originality of the collateral and not who owns it. Bad kids do this all the time. They steal their parents house documents and sell off the property

The mistake the man made was revealing to her where the original documents of his house was.

He cannot be compelled to pay her debts. He didn't co-sign the loan agreement with her.

JuanDeDios:
Yes, but you can be asked to pay her debts under some circumstances. Dey there. It's not plain and simple at all.

Like others have said, the story doesn't add up?
Who owns the house? Whose name is on the property documents? Other things being equal, the man should calm down and go to court. Na free money e go make from the bank.

If it bears his name means it's illegal for them to take possession of the house. Who did serve the court notice before now. They ate playing because he can get his property back