Tag Archives: mortgage

Amid concerns that some contributors to the National Housing Fund (NHF) have not been able to access loans, the Federal Mortgage Bank of Nigeria (FMBN) has assured Nigerians that the amendment of the enabling legislations in the scheme would make it more robust and beneficial. Accordingly, the bank explains that the objective is to expand its coverage to capture the ...

Youths in Ikot Abasi Local Government Area, under the auspices of Edemeya Supreme Leaders’ Coalition (ESLC), has urged their kinsman and Managing Director, Niger Delta Development Commission (NDDC), Mr. Nsima Ekere, to shelve his purported governorship ambition in 2019. This view was contained in a statement issued, Tuesday, by the Director of Publicity and Strategy of the group, Akparawa Abraham ...

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 ...

The Economic Management Team of the Federal Government has set up a Family Home Fund’s Task Force to facilitate the implementation and delivery of the Family Homes Housing Project nationwide. The Chairman and Minister of State II for Power, Works and Housing, Suleiman Hassan made this known on Wednesday in Abuja, at the inaugural meeting of the Land and Infrastructure ...

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 ...

The Governor’s consent is a title document that establishes the consent of every Governor of the 36 states of the federation to all land transaction in the “said state”. Invariably, it is a means of perfecting the title on a land. Obtaining a Governor’s consent in Nigeria is a very herculean task. This article addresses the issue of the Governor’s ...

The famous Abraham Manslow’s Hierarchy of Needs places shelter as a basic need of every human. In other words without shelter man is less bothered about social activities, self-esteem or other offerings of the society. Sadly, what should have been a basic provision has become a luxury in Nigeria. To resolve the deficit in  sector, efforts to Nigeria’s housing increase stocks are ...

A don at the Federal College of Fisheries and Marine Technology in Lagos and the leadership of the Ship Owners Association of Nigeria (SOAN) have disagreed over the viability of the recently signed $195m maritime security contract between the Nigerian government and an Israeli firm, HLSI Security Firms and Technology Inc. It would be recalled that the Minister of Transportation, ...