Tag Archives: FMBN

Mr. Ahmed Dangiwa, the Managing Director, Federal Mortgage Bank of Nigeria (FMBN), says the bank has so far expended N2.8 billion on construction of 985 housing units in Enugu State. Dangiwa said this on Monday in Nsukka, Enugu State during the groundbreaking ceremony of the National Affordable Housing Project at Nsukka. He said that the housing units were located in ...

LAFIA – The Federal Mortgage Bank on Wednesday started the construction of 100 Housing units in Nasarawa State as part of effort to alleviate the plight of Federal Government workers in the country. Delivery a speech during the flag-off ceremony at Kwamdere in Lafia Local Government Area of the state, the managing director/chief executive officer of the bank, Ahmed Dangiwa, ...

The Federal Mortgage Bank of Nigeria (FMBN) on Monday disclosed that it had disbursed the sum of N14.7bn to 17,062 beneficiaries across the country in the last two years under various loan windows. The Executive Director, Business Development and Portfolio Management, FMBN, Umar Abdullahi, confirmed this during the presentation of cheques to staff members of the Federal Medical Centre, Birnin-Kebbi, ...

The Coalition of Civil Societies and Media Executives for Good Governance in Nigeria (COCMEGG) has lauded the Federal Mortgage Bank of Nigeria (FMBN) for making homeownership affordable, available and less cumbersome to Nigerian workers. The affordable home ownership according to the group will drive growth of the economy. A statement issued in Abuja and signed by the president, Omoba Kenneth ...

The Federal Mortgage Bank of Nigeria (FMBN) said it has refunded over N21.4 billion National Housing Fund (NHF) to 216,650 retirees across the country. The Managing Director, Arc. Ahmed Musa Dangiwa disclosed this yesterday in Abuja at the September 2018 Lunch Time Reform Seminar on “The Challenges Facing Civil Servants in Obtaining Loan from FMBN and how to Access Contributions ...

The Federal Mortgage Bank of Nigeria on Thursday disbursed N46.9 million to 49 members of staff of the Abuja Municipal Area Council (AMAC) under its Home Renovation Loan scheme. Ahmed Dangiwa, Managing Director of the bank, while presenting the cheques in Abuja, urged more civil servants to key into the scheme because of its low-interest rates and accessibility. The HRL ...

The Federal Mortgage Bank of Nigeria (FMBN), in partnership with the Nigeria Labour Congress (NLC), the Trade Union Congress (TUC) and the Nigeria Employers’ Consultative Association (NECA), has concluded plans for the commencement of the implementation of a national affordable housing delivery programme. The programme, which is targeted at Nigerian workers, is aimed at boosting housing development in the country. ...

The Federal Mortgage Bank of Nigeria (FMBN) and leading labour unions have agreed to begin the implementation of a national affordable housing programme for workers. FMBN is kick-starting the scheme in two states and Abuja, in conjunction with the Nigeria Labour Congress (NLC), Trade Union Congress (TUC) and the Nigeria Employers’ Consultative Association (NECA). The project will start next month ...

The Federal Mortgage Bank of Nigeria (FMBN) plans to recapitalise to the tune of N500 billion, its Managing Director, Ahmed Dangiwa, has said. Dangiwa, who spoke with State House correspondents after a closed-door meeting with Vice President, Yemi Osinbajo, at the Presidential Villa, said the recapitalisation would boost service delivery. He said: “We came to see the vice president as ...

The federal government has said it spent N197bn on the construction of 26,002 houses across the country. The managing director of the federal mortgage bank of Nigeria, Ahmed Dangiwa, who made the disclosure in Abuja on Tuesday, August 14, said part of the funds was also used for the renovation of 13,953 houses nationwide. Dangiwa said the federal government was ...