Banks and other lenders in Nigeria are increasingly classifying land and buildings as high-risk collateral for loans, as frequent demolitions and title revocations by federal and state governments continue to undermine the security of real estate assets.
What was once the most reliable form of collateral has now become vulnerable, with governments citing irregular documentation or building approval violations to dispossess owners.
This shift is disrupting both formal and informal lending, where land has traditionally been the strongest gu
