Naomi Gabriel —
The Managing Director/Chief Executive of the Federal Mortgage Bank of Nigeria (FMBN), Madu Hamman has revealed that the bank had spent N7.7bn to deliver 1,571 housing units in 11 other housing projects located across Katsina State
According to a statement by the Group Head, Corporate Communications, Timan Elayo, the project consists of 80 semi-detached bungalows, comprising 2- and 3-bedrooms, and was financed by the bank under the Ministerial Pilot Housing Scheme in collaboration with the Federal Ministry of Works & Housing.
This includes 69 housing units in Funtua for the Medical and Health Workers Union of Nigeria and 54 housing units each in Mulunfashi and Kankia for the same union.
Madu, represented by the Executive Director of Loans and Mortgage Services, Lukman Mustapha, said “11 other housing projects located across the state have also been financed and successfully delivered by FMBN under our various loan windows in addition to the four projects we are inaugurating today, with the bank committing more than N7.7bn to deliver 1,571 housing units.
“The concentration of FMBN-sponsored housing projects in Katsina State is a testimony to the special position the state occupies in the NHF scheme due to its consistency and unqualified support for the scheme. I have no doubt that the mutually beneficial relationship between the state and the bank will continue to be maintained”.