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LIST OF LAWS OF LAGOS, [ALPHABETICAL]
AUCTION LAW
ARRANAGEMENT OF SECTIONS
1. Business of Auctioneer
2. Auctioneer to hold licence
3. Licences, Forms and Fees
4. Licence for Individuals, Firm or Corporations
5. Application for and grant of licence
6. Refusal of Licence
7. Enforcement Unit
8. Security to be given Auctioneer
9. Suspension or Revocation of Licence
10. Register of Licences
11. Auctioneer to accept sale of all property offered by owners
12. Auctioneer’s licence not to authorise sale of intoxicating liquor
13. Notice of sale of land
14. Notice, catalogue and report of sale to be furnished to the Commissioner
15. Auctioneer’s name and address to be published at sale
16. Sales subject to a reserve, and vendor’s right to bid
17. Where without reserve
18. Where subject to reserved price
19. Where right to bid reserved to seller
20. Consequences of seller bidding in the preceding cases
21. Penalty on auctioneer receiving unlawful bidding
22. Auctioneer may recover purchase-money
23. Employment to sell by auction does not authorise private sale
24. Rates of commission chargeable on auction sales
25. Order of suspension or revocation of licence
26. Savings as to sales in execution of decrees
27. Auctioneer prohibited from preparing conveyances
28. Auctioneer’s lien
29. Vendor to indemnify auctioneer
30. Breach of warranty of authority and fraud
31. Power to make regulations
32. Repeal and Re-enactment
33. Interpretation
34. Interpretation
35. Citation
FIRST SCHEDULE – FORMS OF LICENCES
SECOND SCHEDULE – LICENCE FEES
CHAPTER A12, LAWS OF LAGOS STATE, NIGERIA
AUCTION LAW
A law to provide for the licensing of auctioneers, to regulate sales by auction in Lagos and for connected purposes.
[F. & L. 1958, CAP. 187. L.N. 257 OF 1959. L.N. 112 OF 1964]
ARRANGEMENT OF SECTIONS
1. Business of Auctioneer
Every person who sells any goods or land as at a sale where any person becomes or may become the purchaser of the same by competition and being the highest bidder, either by being the sole bidder, or increasing upon the biddings made by others, or decreasing on sums named by the auctioneer, or other person at such sale, or by any other mode of sale by competition shall be deemed to carry on the business of an auctioneer.
LAWS OF LAGOS STATE
LAWS OF THE FEDERAL REPUBLIC OF NIGERIA