Global Affairs Magazine

Nigerians should embrace ‘Will’ writing, says Leadway Capital

Nigerians should embrace ‘Will’ writing, says Leadway Capital
  • PublishedJanuary 25, 2024

Leadway Capital & Trusts Limited has enjoined adult Nigerians to discard the phobia associated with writing a Will, stressing that writing a Will is not a death sentence.

The company, at a media interactive session in Lagos, explained that a Will is a legal document that outlines how a person’s assets, properties, and belongings will be distributed after their death.

Speaking at the event, Mr. Ayodeji Wuraola, Managing Director/Chief Executive Officer, Leadway Capital and Trusts Limited, stated: “As Trustees, we act in a capacity of trust on behalf of our clients (lenders , investors, testators and beneficiaries as the case may be, by ensuring that their interests are well represented and their investments and final wishes are protected at any given time.”

Speaking on the Trust services and products offered by the company, Mr. Oliver Obi, Head, Trusts Services of the company noted that they offer short term loans, Corporate Lease, Annuity loans, Corporate Trust, Education Trust, Charity/Welfare Trust, Living Trust, Testamentary Trust, as well as IWill Products.

On short term loans, Obi said that it is a loan with a relatively brief repayment period, typically ranging from a few weeks to a few years. Short-term loans are often used to address immediate financing needs. 

He explained that corporate lease is an arrangement where a company leases assets (such as equipment, cars or property) for a defined period, typically no longer than 3 years.

He explained that Annuity Loans are loans secured by the future payments of a Leadway Assurance Annuitant.

For Corporate Trust, he noted that they are Trusts created by corporations to hold and manage assets, often for the benefit of employees, shareholders, or specific purposes as debenture trust.

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Written By
Regina Robinson

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