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Tag Archives: FMBN

Akwa Ibom to partner FMBN in workers’ low-cost housing

FMBN

Akwa Ibom State Governor, Mr. Udom Emmanuel, has pledged to work with the management of Federal Mortgage Bank of Nigeria (FMBN), to ensure that low and medium-income workers in the state own houses at retirement. He made this promise when Board of Directors and the Management staff of the Federal Mortgage Bank of Nigeria (FMBN), paid him a courtesy call ...

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All you need to know about National housing fund scheme

National housing fund

NREH was in an interview with Mr. Odukwe Emmanuel, the head of mortgage banking services at Citicode mortgage Nigeria. This interview addresses the things you need to know about the National Housing fund scheme. Things like the criteria needed, those that are eligible to apply, frequently asked questions and how long it takes to process. Mr. Odukwe: Criticode is one ...

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More than 9 million Nigerians lack affordable housing – FMBN

FMBN

The Federal Mortgage Bank of Nigeria, FMBN, has said that more than nine million Nigerians lacked affordable housing. The branch Manager, FMBN, Enugu, Mr. Emeka Aroh, made the disclosure on Friday in Enugu at a one-day seminar organised by a private company, Light Hill Housing Cooperative for multipurpose cooperative societies in the South-East. Aroh said that for Nigerians to have ...

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Kaduna government to collaborate with FMB on housing

FMB

Kaduna State Government says it will collaborate with the Federal Mortgage Bank(FMB) in providing affordable housing to residents of the State. The Deputy Governor of the State Dr. Hadiza Balarabe stated this while receiving officials of Federal Mortgage Bank lead by the Managing Director, Ahmed Dangiwa who paid a courtesy visit to the State Government House. She commended the bank ...

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FMBN engages KPMG to provide 5-year action plan

KPMG

The Board of Directors of Federal Mortgage Bank of Nigeria (FMBN) has engaged KPMG, a leading management consulting and business improvement firm, to provide top-level corporate advisory services for the bank. The MD/CEO of the FMBN, Arc. Ahmed M. Dangiwa revealed the development during the 2019 management and board Annual Retreat, which held recently in Uyo, Akwa Ibom. The move, ...

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FMBN laments low capital base, legal framework

FMBN

The management of Federal Mortgage Bank of Nigeria (FMBN), has decried the low capital base of the bank which it says has grossly affected the bank’s performance. The Managing Director of the bank, Mr. Ahmed Dangiwa, who said this during the two-day 2019 Board and Management strategy development retreat of the bank held, in Uyo, Akwa Ibom state, also disclosed ...

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NIESV calls for the dismantling of Ministry Of Power Works and Housing

NIESV

According to the President of Nigerian Institution of Estate Surveyors and Valuers (NIESV), Roland Abonta, the efforts by President Buhari’s administration in its first four years didn’t meet the targets in housing mostly because of the merging of Power, Works and Housing as one ministry. While speaking with Newsmen, the Estate Surveyor said that, ‘’what has happened in the last ...

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Ogun has largest number of funded estates in South-West —FMBN

Ogun

Ogun State has the largest number of funded estates in the entire southwest, the Managing Director of Federal Mortgage Bank of Nigeria, Mr. Ahmed Dangiwa, has said. Dangiwa made this known at an enlightenment programme for the re-admission of Nigeria Union of Local Government Employees and members of the Nigerian Union of Teachers into the National Housing Scheme in Abeokuta. ...

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Expert says FG must subsidise housing to bridge deficit

housing

An investment banker, Prof. Charles Inyangete has advised the federal government to subsidise mortgage financing in order to enable Nigerians have access to affordable housing as well as bridge the current housing deficit. He said this became necessary given that the current environment does not support single digit interest rate. Speaking in an interview at the recent FM Forum 2019, ...

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FMBN disburses N58bn loans in 1 year

FMBN

Committed to improving service delivery, the Federal Mortgage Bank of Nigeria (FMBN) has disbursed the sum of N58 billion from April 2017 to March 2019. Providing a breakdown of the disbursement, the managing director / chief executive of the bank, Arc Ahmed Dangiwa said that the amount covered the provision of National Housing Fund (NHF) mortgages to 3,171 workers at ...

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