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MONEYLENDER’S LICENCE IN OYO STATE: REQUIREMENT, COST, PROCEDURE AND TIMELINE - Koriat Law

MONEYLENDER’S LICENCE IN OYO STATE: REQUIREMENT, COST, PROCEDURE AND TIMELINE

1. Introduction The licensing of a money lender company in Oyo State is one of the functions of the Ministry of Trade, Investment and Cooperatives (“Ministry”) of the Oyo State Government. The Ministry would issue a moneylender company a professional/business premises registration certificate, which serves as a licence for the company to operate moneylending activities within the Oyo State. Before applying to the Ministry, the applicant company for moneylender’s licence must be registered as a private limited liability company with the CAC. Although the minimum share capital with which the company is to be registered is not specified by the … Continue reading MONEYLENDER’S LICENCE IN OYO STATE: REQUIREMENT, COST, PROCEDURE AND TIMELINE