Tag Archives: FMBN

“To get non-contributing Corporate Organisations to key into the National Housing Fund Scheme, the Federal Mortgage Bank of Nigeria (FMBN) has sought for partnership with the Federal Inland Revenue Service (FIRS) by accessing its database to obtain list of corporate organisations in the country and enhance NHF Scheme.”- This Day The Managing Director, FMBN, Ahmed Dangiwa, during a courtesy call on ...

Lagos Building Investment Company Plc (LBIC) was established as a Corporate entity on the 14th of February 1980 with the aim of providing Mortgage Finance Facilities to allotees of the various low cost housing Schemes built by the Lagos State Government (1979-1983). This article reveals all you should know about Lagos Building Investment Company. With the promulgation of the mortgage Institution Act.No.53 ...

“The Federal Mortgage Bank of Nigeria (FMBN), has made a total collection of N9.5billion under the National Housing Fund (NHF), and disbursed the sum of N1.12billion to 150 beneficiaries for the second quarter (Q2), 2017.”- The Guardian FMBN made the disclosure in a memo to the National Council on Lands, Housing and Urban Development (NCLHUD), exclusively obtained by The Guardian. ...

“The Managing Director, Federal Mortgage Bank of Nigeria (FMBN), Arch. Ahmed Musa Dangiwa has said staffs of the University of Abuja will benefit from 200 housing units funded by the bank through the Federal Government Ministerial Pilot Housing Scheme.”- The Nation The Bank’s MD said the units of three, two and one bedroom apartments, constructed by Anthem Integrated Resources Limited ...

According to PM News, the Federal Mortgage Bank of Nigeria (FMBN) on Monday disbursed N643 million loan to 740 federal civil servants who benefited from its Home Renovation Loan (HRL) scheme. The beneficiaries are the fifth batch in the scheme affords National Housing Fund (NHF) contributors opportunity to access mortgage loans of N1 million for renovation of their existing homes. ...

“A time when public confidence in many government institutions is probably at its lowest ebb, one institution that stands out for its commitment to service is the Federal Mortgage Bank of Nigeria (FMBN).”- Leadership Set up since 1956 when it was known as the Nigerian Building Society, the bank has continued to deliver on its mandate of supplying the mortgage ...

According to The Nation, the Federal Mortgage Bank of Nigeria, FMBN says it has disbursed N2.3 billion to 3,104 beneficiaries under its housing renovation loans scheme nation wide. Its Managing Director, Ahmed Musa Dangiwa who spoke yesterday in Sokoto while flagging off the state’s disbursement exercise of N243.1 million to 263 benefiting  civil servants in the state service, assured that ...

“With Nigerian mortgage industry entering a new era in which efficiency, speed and the customer experience will be more crucial than ever, housing professionals have urged the new helmsman of the Federal Mortgage Bank of Nigeria, (FMBN) Ahmed Dangiwa to focus on cheap and long term funds, with low digit interest rates and longer debentures.”- The Guardian They believe that housing ...

“Some stakeholders have agreed to pool resources to tackle the housing problem headlong. This is by ensuring  improved access to credit facility and reducing development costs for low-income housing.”- The Nation The Federal Mortgage Bank of Nigeria (FMBN), Real Estate Developers Association of Nigeria (REDAN) and a pan-African finance institution, Shelter Afrique have joined forces to create a $2 billion ...

“The Federal Mortgage Bank of Nigeria (FMBN) says it has spent N1.4bn for the development of 379 housing units in Niger State, as part of effort to bridge the 17 million housing gap in the country. Minister of State for Power, Works and Housing, Alhaji Mustapha Baba Shehuri who stated  this at the commissioning of the FMBN and Sea Mountain ...