Naomi Gabriel —
In its drive to provide estate development loans for the execution of a cooperative estate, situated in Abuja, Infinity Trust Mortgage Bank (ITMB) has entered into collaboration with the Independent Corrupt Practices Commission (ICPC) and Gefen Group.
The collaboration the bank said will allow it provide mortgage financing to the developer and package National Housing Fund (NHF) loans for the housing scheme’s beneficiaries, thereby, contributing to the workforce. The cooperative housing development has 80 flats with 2, 3, and 4 bedrooms.
You may also like:
As low and middle-income workers make up a larger percentage of Nigeria’s income earners, the initiative is expected to help in addressing the problem of housing, which many individuals face due to high rent costs and the country’s rising poverty rate.
“ITMB Plc is proud to partner with the ICPC and Gefen Group in such a momentous venture by serving as the Primary Mortgage Bank to facilitate the National Housing Fund to the off-takers”, its Acting Managing Director said.
“This facility will not only contribute to the creation of a shelter for desiring homeowners but also impact the lives of civil servants. Besides the overt benefits, this partnership will assist ITMB Plc in the fulfilment of its vision of being the ideal customer-focused bank”.
While expressing his gratitude for the partnership, Olumorin noted that the collaboration with ICPC and Gefen Group will enhance access to house financing for Nigerian families and individuals on a lower-middle-income.
He further encouraged potential bank customers, particularly civil workers, and company owners, to make use of the bank’s mortgage options.