Federal Mortgage Bank of Nigeria

Deposit Money Banks on August 1 commenced the implementation of the Central Bank of Nigeria’s Global Standing Instruction which allows them to recover outstanding debts of debtors from other banks.

As the Global Standing Instruction (GSI) policy of the Central Bank of Nigeria (CBN) came into force at the weekend, many commercial banks have notified customers of their readiness to seize debtors’ funds across financial sector.

The first of the federal government’s planned cooperative housing initiative to reach the informal sector in the country came on stream Monday as the Minister of Works and Housing, Babatunde Fashola, commissioned the AKACARE Cooperative Housing Scheme, the Woodhill Estate, at Kuje, in the Federal Capital Territory (FCT) Abuja.

The Nigeria Governors’ Forum (NGF) says it is working with the Federal Ministry of Health and other agencies to intensify efforts to control Lassa Fever in the country, as well prevent any case of the Coronavirus in the country.

A sergeant with the Nigerian Air Force, Umaru Bashir, has won the 2019 edition of Gani Fawehinmi Impact and Integrity Awards in Lagos.

The Senate on Thursday mandated its Committee on Housing to urgently work out modalities with the various stakeholders in the National Housing Development sector to ensure the implementation of affordable housing for the poorest Nigerians.

The Federal Mortgage Bank of Nigeria (FMBN) will partner the Brekete Family a reality radio and television programme, to create more awareness on its several products aimed at ensuring affordable houses for Nigerians, Mr Ahmed Dangiwa, says.

Mr. Umar Dankane, Executive Director, Business Development and Portfolio Management of the Federal Mortgage Bank of Nigeria has said that the bank needs a N500 billion recapitalisation fund for optimal performance.

Hon. Gideon Luka, Minority Whip, House of Representative has promised to formulate implementable laws to address housing deficit in the country.

Real Estate Developers Association of Nigeria, (REDAN), South-East zone, has concluded arrangements to host a major Housing Summit and Exhibitions next month.

The Federal Mortgage Bank of Nigeria (FMBN) has disbursed N2.6 billion to 3,034 beneficiaries under its intervention housing loan through the Federal Staff Housing Loan scheme, the Managing Director, Mr Ahmed Dangiwa, has said.

Ahmed Dangiwa, Managing Director, Federal Mortgage Bank of Nigeria (FMBN), said the bank will build 100 housing units in each state and the Federal Capital Territory to address housing deficit in Nigeria.

The Federal Mortgage Bank of Nigeria says that it is targeting multiple housing units across states of the federation through the National Housing Fund scheme, as part of efforts to tackle the housing deficit in the country.

Mrs Hannatu Fika, the Executive Secretary, Federal Government Staff Housing Loans Board (FGSHLB), said that a total of 30,258 public servants have benefited from the board’s housing loan programme since its inception in 1924.

Arrangements have been concluded to honour the Senate President, Dr. Abubakar Bukola Saraki; Speaker of House of Representatives, Yakubu Dogara, and three others with special media awards.

The Federal Housing Authority (FHA) has promised to ensure that common Nigerians yearning for housing allocations in the country benefited from its nearly completed housing scheme in Zuba, FCT and nationwide.

An expert in the housing sector and convener of the Abuja International Housing Show‎, Barr. Festus Adebayo, has lamented that the decision of President Muhammadu Buhari to merge‎ the Ministry of Housing ‎with that of Power and Works has stifled growth in the sector, while also contributing to housing deficit in the country.

Anambra state has benefited from the federal government’s 500 million naira Staff Corporation housing scheme through the Federal Mortgage Bank of Nigeria, FMBN.