Section 27 Mortgage and Property Law of Lagos State

Section 27 of the Mortgage and Property Law of Lagos State 2010 is about Power of court to refer disputes to board for mediation or arbitration. It provides as follows:

(1) A court may, with the consent of the parties to refer all or part of the issues arising for determination in a proceeding before it relating to mortgage transaction under this Law to the board for mediation and or arbitration.

(2) No such reference shall be revocable by any party except with the consent of the Court.

(3) On any such reference the award of the Board shall be entered ad the judgment of the Court in the proceedings and shall be as binding and effectual to
all intents as if given by the Court.

(4) In this section the expression “award” includes an interim award.

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