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Distinction between a mortgage and a pledge

"It is to be noted, that there is a distinction between a mortgaged property and a pledged property. In the case of Prince Abdul Rasheed A. Adetona & Anor. v. Zenith International Bank Plc. (2011) 12 SC (Pt. IV) 44, (2011) 18 NWLR (Pt. 1279) 627, the Supreme Court resoundingly pronounced thus: "The main difference between a mortgage and a pledge is that in the former, the general title in the property is transferred to the mortgagee subject to be reversed by performance of the condition; whereas by the latter, the pledgor retains the general title and parts with possession. By a mortgage, the title is transferred by a pledge, possession is transferred." Per OREDOLA, J.C.A. (P. 65, Paras. B-G)  LAWSON NNAMDI CHUKWU & ANOR v. HON. LOLO STELLA C. CHUKWU & ORS(2018) LPELR45482(CA)

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