The Federal Mortgage Bank of Nigeria (FMBN) has recorded an operational surplus of ¦ 11.5 billion for the 2024 financial year, marking its first profit in over three decades. This milestone was attributed to strategic revenue expansion, improved financial management,…
The Federal High Court in Abuja has granted bail to Mr. Gimba Kumo Yau, former CEO of the Federal Mortgage Bank of Nigeria, in the sum of N100 million. Yau is facing charges of allegedly awarding a $65 million real…
The Federal Mortgage Bank of Nigeria (FMBN), says it is planning to finance the construction of student hostels and staff quarters for university workers to enable them to benefit from its loan scheme. Its Managing Director, Mr Shehu Osidi, said…
The Federal Mortgage Bank of Nigeria has stated its commitment to addressing challenges facing the mortgage industry in the country. The FMBN Managing Director, Madu Hamman, stated this during a Q1 Mortgage Sector Virtual Forum, organised by the Central Bank…
Gov. Abdullahi Ganduje of Kano State says its Teacher Reserved Area (T.R.A) Housing Project Committee has acquired over N3 billion Federal Government Funding for affordable house. This is contained in a statement by the Chief Press Secretary to the deputy…
The Federal Mortgage Bank of Nigeria (FMBN) says it has disbursed N394.575 billion to beneficiaries from 1992 to 2022. The Group Head, Corporate Communications (FMBN), Mr Lawal Sauri disclosed this in an interview with on Monday in Abuja. According to…
By Uthman Salami Mr. Kabir Yagboyaju has formally been announced and assumed duty as the Acting Managing- Director of the Federal Mortgage Bank of Nigeria (FMBN). This came on the heels of the stepping down of the immediate past Managing-…
…we are not aware — FMBN The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has recovered N53 billion from a real estate developer for the Federal Mortgage Bank of Nigeria. The Chairman of ICPC, Prof. Bolaji Owasanoye disclosed…
By SAKA Laaro, Ilorun Kwara State Governor AbdulRahman AbdulRazaq on Monday flagged off the presentation of cheques to 463 beneficiaries of home renovation loan scheme of the Federal Mortgage Bank of Nigeria. “This home renovation loan scheme is basically an…
