An ESCROW ACCOUNT is defined in Blacks Law Dictionary as follows: “A Bank Account generally held in the name of the Depositor and an escrow agent which is returnable to depositor or paid to third person on the fulfillment of escrow condition.”
ESCROW CANNOT PASS AN INTEREST IN PROPERTY
Anambra State Housing Development Corporation v. Emekwue (1996) 1 SCNJ 98 at 132-133; (1996) 1 NWLR (Pt. 426) 505 where this court held as follows:- “Being a mere escrow, therefore, the Deed of Lease passed no interest in the property to the defendant. It follows therefore that whatever view one takes of exhibit they did...