Tag Archives: FMBN

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, ...

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 ...

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 ...

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. ...

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, ...

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 ...

Managing Director of Federal Mortgage Bank of Nigeria (FMBN), Architect Ahmed Musa Dangiwa, has said the bank has in two years, made a refund of over N15 billion to contributors of the National Housing Fund (NHF) who retired or resigned. Arc. Dangiwa said this when officials from Media Trust Limited, publishers of the Daily Trust and other titles, led by ...

As part of efforts to provide decent and affordable houses for all categories of Nigerians, the Federal Mortgage Bank of Nigeria, FMBN, has concluded plans to collaborate with the Anambra State Housing Corporation for the take-off of some of its programmes in the state. An executive director with the bank, Mr. Melville Ebo, who hinted on the proposed schemes when ...

Amidst growing concern that the efforts of government agencies to tackling housing deficit in the country is grossly insignificant, the recent launch of the rent-to-own housing scheme by the board of the Federal Mortgage Bank of Nigeria, (FMBN) may make housing more affordable for Nigerian workers who cannot build or buy homes from their meagre income. The scheme is seen ...

The Federal Government is determined to address the 17 million housing deficit in the country, Dr. Wale Adeeyo, the Chairman of the Federal Mortgage Bank of Nigeria (FMBN) has said. The FMBN boss, who gave this hint during an exclusive interview with our correspondent in Lagos, observed that, “The 17 million housing deficit has been there for a while and ...