The applicant applies to the Ministry of Residence Affairs and Tourism with the documents issued at the Magistrate Court. The documents are submitted with the same annexures that were mentioned earlier with the proof of payment of N10,000 for application charge. After payment, an bill for payment of N50,000 moneylenders payment is given to the applicant with an application form. The applying kind is duly filled and submitted back to the Ministry with proof of payment of the N50,000.
7. The plaintiff in a probate motion should, until the Court provides go away to the opposite or except a statement of declare is indorsed on the writ, serve a statement of declare on each defendant who acknowledges service of the writ within the action and must accomplish that earlier than the expiration of 6 weeks after acknowledgment of service by that defendant or of eight days after the filing by that defendant of an affidavit beneath rule 5, whichever is the later.
The RBI reserve for Focused Lengthy-term Repo Operations of the order of 2.5 lakh crores has already been diverted to the corporate bond market at a low (repo) fee of interest, and huge players have been given the chance to entry this cheap capital as a way to substitute for previous high-value debts.… The asset reconstruction corporations which badly wanted these funds for restructuring their confused assets are the worst sufferers.