The Managing Director of Family Homes Fund (FHF), Mr. Femi Adewole has said that the programme was set to boost cooperative housing through its rolled out funds.   Adewole made this known at a cooperative housing workshop organised by the Nigeria Integrated Social Housing (NISH), Affordable Housing Limited in collaboration with Family Homes Funds (FHF),…

PROF. MUSTAPHA ZUBAIRU is a renowned architect and town planner. He is the project manager, Niger State Urban Support Programme. Zubairu who spoke to Property & Environment Editor, CHINEDUM UWAEGBULAM offered solutions to Nigeria’s lingering housing challenges, among other issues. Providing housing for the low-income has remained a big task for governments. Do you think, we…

Office of the Head of Service of the Federation (OHOSF) is to adopt the rent-to-own housing scheme developed by the Federal Mortgage Bank of Nigeria (FMBN) for allocation of houses under the Federal Integrated Staff Housing (FISH) programme to federal civil servants. The Head of Service of the Federation, Mrs. Winifred Oyo-Ita disclosed this at…

For transparency and accountability in the operations of the National Housing Fund (NHF), the Federal Mortgage Bank of Nigeria...

Nigeria’s leading mortgage institution, the Federal Mortgage Bank of Nigeria (FMBN) has disbursed housing loans totaling N40.9 billion to 1,843 National Housing Fund (NHF) contributors. The bank has also provided home renovation loans totaling N14.072billion to 16,031 Nigerian workers, and processed N12.4billion refunds to contributors and registered 224,752 to the fund. The figures was released…

In less than two years, the Federal Mortgage Bank of Nigeria (FMBN) has recovered N5.4billion bad loans from debtors. The loans - N2.4billion and N3billion were recovered in 2017 and 2018 respectively. FMBN Managing Director, Ahmed Dangiwa, an architect revealed that the bank used the services of recovery agents, who also restructure some debtors loans…

The Managing Director/Chief Executive Officer of the Federal Mortgage Bank of Nigeria (FMBN), Ahmed Musa Dangiwa has been named 2018 Mortgage Finance Person of the Year in the male category.

Contributors to the National Housing Fund (NHF) may soon heave a sigh of relief as the Federal Government is set to deliver 112 units of one and two bedroom flats in Sedona estate in the Ikorodu axis of Lagos State.   The N667 million project is a ministerial pilot housing scheme that has been conceived…

There are growing concerns that the delay in Nigeria judicial process, especially in commercial matters has compounded the inadequate housing for Nigerians. The agitations on housing deficits date back to 1991, when Nigeria was said to have housing deficit of seven million units.

Amid cconcerns 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…

To assist Nigerians buy their own homes, the Federal Mortgage Bank of Nigeria (FMBN) has issued 2,724 mortgages worth N20.237 billion to subscribers under the National Housing Fund (NHF).

Stakeholders in mortgage industry have called for the repeal of the existing Act establishing Federal Mortgage Bank of Nigeria (FMBN) to give room for its comprehensive re-establishment and strengthening of its board. They also sought for the establishment of Institute of Mortgage Brokers and lenders of Nigeria (IMBLN) for the regulation of the sector’s activities…