Oluwaseun Ojo, Associate at Olaniwun Ajayi LP undertakes An Overview of the Nature of Security Interest of a Charge under Nigerian Law. He observes that security is central to debt financing arrangement between parties as it seeks to find a balance amongst the commercial interests of both parties. On the part of the lenders, security gives a sense of assurance of repayment of the loans and, on the part of the borrowers, availability of security guarantees unlimited access to credit facilities. Of all the common security interests typically taken by lenders in corporate financings, the Charge is the most popular. It is often utilised both in simple and complex commercial and secured lending transactions in Nigeria. Ojo examines the purpose of and the different types of security, the nature and extent of interest created under a charge and relevant statutory requirements for perfection of a charge.

Olukayode Aguda, Lecturer, Department of Private and Business Law, Ajayi Crowther University, Oyo in his article, The Legal Regulation of Receivables Financing: the UK and International Perspectives, notes that receivables are a businessman’s most liquid assets. He highlights the concept of receivables financing, distinguishes receivables from book debts and goes further to show how the English legal system deals with receivables financing. He discusses the legal possibility of receivables being assigned outrightly in the discharge of existing indebtedness and the possibility of an assignment by way of security. He explains the laws of different jurisdictions relating to receivables financing, and international attempts at ensuring uniformity of the law