12/08/2026
To be honest with you, when it comes to Collateral— we prefer gold to Land.
For financial institutions like Swiftlynx Group, Gold is a more bankable asset than land. It is safe, profitable and reliable enough for us to accept as collateral.
We can easily liquidate the collateral. We already have an entire system of Validation, Valuation and pledge auctions.
Although the price of gold fluctuates from time to time, it can be determined at any point in time.
On the other hand, land often comes with a lot of problems—sometimes to even sell off a land, you will have to go through litigations. You might sell at forced sale value, without realizing your capital gains. A borrower might get Court injunction against the company not to sell the property pending court approval.
Someone presented a land collateral in Abuja, the loan was still on when FCT Minister Wike took over the whole area including the land. What would you have us do?
The land was worth 20x the loan amount the man took. What if he was not an understanding gentleman? We would have shared in his losses. Afterall, it was his land before Wike Happened.
That’s the reason why you will have a land collateral and still not get approved for a loan at Swiftlynx.
