National Housing Fund
Mortgage operatives propose trustees for National Housing Fund scheme
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.
‘Housing corporations suffering from underfunding, neglect’
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...
Mortgage industry’s low profitability level discourages investors
The Federal Mortgage Bank of Nigeria (FMBN) is the custodian of NHF while Primary Mortgage Banks (PMBs) are the conduits through which the funds are disbursed to individual beneficiaries.
FG engages 653 contractors for mass housing scheme
The projects planned in 33 states are part of the National Housing programme’s pilot scheme, which is at various stages of completion. Among those employed for the housing projects are artisans.
Imo NHF contributors to get allocation in new scheme
The FMBN financed 100 housing units under the Ministerial Pilot Housing Scheme at Naze, Owerri North Local Council to the tune of N592.3 million and approved NHF’s loans of N5 million, for prospective subscribers.
FMBN urges N500b recapitalisation, seeks compliance with housing scheme
National Housing Fund (NHF) Acting Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Mr. Richard Esin, has urged the Federal Government to re-capitalise the FMBN from its current capital base of N2.5 billion to N500 billion.
FMBN, mortgage banks in talks to deepen NHF operations
Recently, FMBN had called on the Economic and Financial Crimes Commission (EFCC) to wade debts owed the organisation, especially misappropriated contributory funds under NHF.
FMBN to expedite action on NHF refund
Determined to improve the image of the organisation, the Federal Mortgage Bank of Nigeria (FMBN) has made a paradigm shift towards sustainable profitability and the delivery of quality services to National Housing Fund....