Twenty privately owned planes have been registered as movable collateral to be seized from their owners in the event they default in meeting their loan obligations to their creditor institutions.
Other items registered are 17,657 documents of title/negotiable instruments; 100 boats;13 intellectual properties; two minerals ; 417 plants and machinery; 218 securities; 13,425 motor vehicles; 1,582 farm products; 1,166 deposit accounts; 10,579 consumer/household goods among others. As at 20th March, 2019, Mainasara stated that 165,456 debtors have been registered by the Registry comprising of 157,077 individuals; 735 large businesses; 2,279 medium businesses; 3,457 micro businesses and 1,908 small businesses all with a financing value of N1.26 trillion.
A total of 24,318 women have been registered on the NCR portal with a combined registered value of financial statements against them standing at N45,183,001,039.92.The need for collateral registry Mainasara said has become necessary because of the N7.4 trillion financing gap plaguing MSMEs. According to him, N10.1 trillion capital is required by MSMEs but only N2.7 trillion has been raised so far.
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