Instant SSL

IMPLIED TRUST: Whether implied trusts are exempted from the formalities required for the creation and disposition of an express trust- VINCENT ORJIAKOR & ANOR v. MRS. COMFORT MBACHU & ANOR(2019) LPELR-47713(CA)

"It is correct, as submitted by the Appellants' counsel, that Implied Trusts are exempted from the formalities required for the creation and disposition of an express trust. This is simply due to the fact that such trusts are implied from the conduct of the parties without the concerted actions of the settlor to constitute an express trust. Consequently, there are no formal requirements for its creation. See the case of JOLUGBO & ANOR V AINA (2016) LPELR- 40352 (CA). This does not however dispense with the burden on the Appellants to prove the material facts upon which the Court would presume the existence of trust in the circumstance of this case." VINCENT ORJIAKOR & ANOR v. MRS. COMFORT MBACHU & ANOR(2019) LPELR-47713(CA) Per UMAR, J.C.A. (Pp. 55-56, Paras. D-A) 

FACTS:

This section of the article is only available for our subscribers. Please click here to subscribe to a subscription plan to view this part of the article.

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Go to top