A Lagos State High Court, Ikeja, yesterday heard that a former Managing Director of Intercontinental Bank Plc, Dr Erastus Akingbola made «
irregular»
payments amounting to N16.8...
With respect to consumer credit transactions, where the debt is payable in installments, not made pursuant to an open - end credit plan and in which the original
amount financed is one thousand dollars ($ 1,000) or less, the debt shall be scheduled to be payable in substantially equal installments at equal periodic intervals, except to the extent that the schedule of
payments is adjusted to the seasonal or
irregular income of the debtor or when the transaction is a single principal
payment obligation irrespective of the scheduled interest
payments, and: