Tag Archives: FMBN

The Managing Director, Federal Mortgage Bank of Nigeria (FMBN), Arch. Ahmed Musa Dangiwa, has warned the Mortgage Bankers’ Association of Nigeria (MBAN) to stop delaying the disbursement of funds to developers. Dangiwa, who gave the warning at a tripartite meeting between the Federal Mortgage Bank of Nigeria (FMBN), Mortgage Bankers’ Association of Nigeria (MBAN) and Real Estate Developers’ Association of ...

The managing director/chief executive of Federal Mortgage Bank of Nigeria (FMBN), Arc. Ahmed Musa Dangiwa has called on Primary Mortgage Banks (PMBs) to harmonise their interest rates in order to conform to the laid down uniform underwriting standards. He also enjoined PMBs to spread their branches to cover the entire country for easy access of mortgages by Nigerians. He stated ...

The Managing Director of Federal Mortgage Bank (FMBN), Arc. Ahmed Musa Dangiwa, has unveiled plans to collaborate with states governments for them to provide affordable houses in the estate. He expressed concern during a meeting with 9-member delegation, led by the President of the National Economic Summit Group (NESG), Engr. Kashim Ali, at the FMBN headquarters, yesterday in Abuja. Dangiwa ...

After an initial effort that eventually turned out to be a ‘false start’, a fresh move to facilitate the mobilization of fund for the provision of houses for Nigerians at affordable prices may be in the offing. The move would rejuvenate mortgage sector as part of the wider plans of overhauling housing financing institutions in the country. Coming under the ...

The president of Mortgage Bankers Association of Nigeria (MBAN), Mr Adeniyi Akinlusi has disclosed that each mortgage collected to build a house would create 35 direct and 35 indirect jobs. Akinlusi who stated this in an interview with LEADERSHIP Newspaper in Abuja described the mortgage system as a major hub for job creation. Giving a breakdown on how the jobs ...

It is no longer news that Nigeria has a huge housing deficit that experts have put at above 17 million units that would require an annual investment of billions of Naira for the next 10 years to bridge. Yet, there is no coherent housing policy in place to suggest the country is matching towards bridging this housing gap despite having ...

Gearing up for a veritable funding source for the sub-sector, mortgage operators (MBAN) have moved to explore the suitability, applicability and the possibility of adopting the non-interest mortgages to unlock the potentials of the Sukuk model. The operators, under the aegis of the Mortgage Banking Association of Nigeria agreed in a seven-page communiqué after its chief executive officers retreat in ...

A housing expert, Mr Festus Adebayo has appealed to the Federal Government to show commitment and exercise strong political will in ensuring speedy growth in the housing sector in 2018. Adebayo, Managing Director of FESADEB Communications Ltd., convener of the annual Abuja International Housing Show, made the appeal on Wednesday in an interview with the News Agency of Nigeria (NAN), ...

For movie lovers, the first thing that comes to mind at the mention of bond is the character of the famous MI 007 agent, James Bond and his love for gadgets and women. Albeit real estate bond has nothing to do with James Bond and his love for gadgets and women. In this article we throw our searchlights on Real ...

“The Federal Mortgage Bank of Nigeria (FMBN) has engaged the assistance of the Nigeria Deposit Insurance Corporation (NDIC) for the recovery of its funds trapped in distressed Primary Mortgage Banks (PMBs) and liquidated commercial banks in the country.”- The Guardian Already, FMBN has received and executed agreements in respect of six out of eight distressed Primary Mortgage Banks and hopes ...