Criteria for determining the value of mortgaged property where the mortgagee exercises his power of sale
"It is trite that it is the value of the property in question at the time of sale that is relevant not the value before the time of the sale. In African Continental Bank Ltd & 2 Ors vs. Simon Ihekwoaba & 4 Ors (2003) 16 NWLR Part 845 page 249 referred to by both counsel, Ogundare, J.S.C., at page 267 expressed thus: "True enough there was evidence that the property was valued by a valuer at the time the mortgage was being executed at N194,000.00.
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