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Tag Archives: mortgage

What you must know about MORTGAGE in Nigeria Real Estate

National Housing Fund

For most Nigerians that have served the government or being into civil service for donkey years it is almost impossible that they save enough to own a piece of land talk-less having money to build their own houses. Therefore, many Nigerians do require one form of assistance or the other to become landlords. This assistance normally should come in form of mortgage, ...

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Court orders Stanbic IBTC to reverse sale of property

Stanbic IBTC

The Federal High Court in Lagos has ordered Stanbic IBTC Bank to reverse the illegal sale of Mrs. Abosede Folasayo Fagbola’s property situated at 3 Ayoola Adeyefa Street (Plot 4 Block N) Oroki Estate, Osogbo, Osun state. The Osun-based lawyer dragged the bank before a Federal high court in Lagos after her property was sold without her knowledge. Joined as ...

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FHA plans to invest N9 billion in Abuja mass housing

FHA

The Federal Housing Authority (FHA) said it would invest N9 billion in the ongoing construction of its Abuja Mass Housing Project of 550 units of houses, located in Zuba, Abuja. Prof. Mohammed Al-Amin, Managing Director of FHA, made this known on Friday while fielding questions from journalists after an inspection of the Zuba pilot scheme construction site, Abuja. The News ...

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FMBN has created over N80b mortgages so far – Ahmed Dangiwa

mortgages

The Managing Director, Federal Mortgage Bank of Nigeria, Mr. Ahmed Dangiwa, says the lender has created more than N80bn mortgages since inception. Dangiwa stated this during the tour of Sedona Housing Estate in Igbogbo, Ikorodu, Lagos, which was financed by the FMBN and developed by Sedona Business Consults, an Abuja-based firm. The figure shows a 10.4 per cent increase in ...

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35 beneficiaries of NHF gets keys to their houses

NHF

The Managing Director (MD) of the Federal Housing Authority (FHA) Mortgage bank, Hayadeen Atiku Auwal, over the weekend handed over keys to 35 eligible contributors who have fulfilled all the basic requirements to access the National Housing Fund (NHF) facility in Gombe, the Gombe state capital. While handing over the keys to the cheerful beneficiaries, Atiku said the scheme was ...

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Osinbanjo declares 12th edition of Abuja International Housing show opened

housing show

Prof. Yemi Osinbajo would be declaring open the 12th edition of the Abuja International Housing Show, aimed at boosting housing investment in Nigeria. Festus Adebayo, Managing Director, FESADEB Communications Ltd., and the convener stated this in an interview with the News Agency of Nigeria on Monday in Abuja. The housing show which is the largest real estate festival in Africa ...

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Union Homes drags AMCON over seized properties

AMCON

Asset Management Corporation of Nigeria (AMCON) is battling Union Home over property allegedly belonging to the former minister of aviation, Senator Stella Oduah-Ogiemwonyi. AMCON has through a court order seized several properties belonging to companies like Sea Petroleum Oil and Gas Group Limited and placed them under receivership. The properties in question are E29 and ‪31E Fat Oboh street‬ Millennium ...

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NMRC commits to greening Nigeria’s building construction industry

NMRC

Nigerian building developers have come together to discuss the pathway for a greener Nigeria through the construction industry. Financial institution and mortgage re-finance provider NMRC has pledged to be a leader in pioneering the implementation of EDGE certification in the construction industry. NMRC and the International Finance Corporation (IFC), a member of the World Bank Group, along with the consortium ...

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