Tag: FMBN
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N40m Diaspora Mortgage: FMBN disclaims partnering HXAfrica
The Federal Mortgage Bank of Nigeria (FMBN) has denied reports circulated by Housing Exchange Africa (HXAfrica) on a purported N40 million mortgage pre-financing scheme, which referred to FMBN as a partner.
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Reps task FMBN on provision of affordable houses
The House of Representatives ad hoc committee investigating non remittance to the National Housing Fund (NHF) and utilisation of funds from 2011 to date Monday challenged the Federal Mortgage Bank of Nigeria (FMBN) to ensure that government workers and other Nigerians who subscribed to the National Housing Scheme have access to affordable and quality housing.…
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How IPPIS failed to remit N26.6bn for workers in 2 years
The Federal Mortgage Bank of Nigeria (FMBN) says the Integrated Personal Payroll Information System (IPPIS) failed to remit N26.6 billion of workers’ contributory funds in two years.
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FMBN gets new CEO
Hamman Madu has been appointed the new managing director of the Federal Mortgage Bank in the reconstitution bank. The appointment was approved by President Muhammadu Buhari, with a view to repositioning the bank as a core banking institution with core competence in mortgage finance.
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We are repositioning FMBN to ensure affordable housing delivery – FG
The Minister of State for Power, Works and Housing, Mustapha Shehuri, has commended the Federal Government’s decision to strengthen and recapitalise Federal Mortgage Bank of Nigeria (FMBN) with N500 billion. A statement signed by Mr Olatunji John Principal Information Officer of the ministry, stated that the government’s gesture would further reduce the housing deficit in the…