Abuja – December 04, 2023 – Viewpoint Housing News.
Managing Director and Chief Executive of the Federal Mortgage Bank of Nigeria (FMBN), Mr. Madu Hamman has revealed that the bank currently has a loan portfolio through Primary Mortgage Banks (PMBs) of N141.94 Billion distributed to 24,555 National Housing Fund (NHF) contributors spread across the country. He said the feat is a testament of FMBN’s commitment to customer centricity and its relationship with PMBs and the Mortgage Banking Association of Nigeria (MBAN). Speaking on Day 2 of the 20th edition of Mortgage Banking Sub-Sector Annual Retreat which was held from 1st to 3rd December 2023, Mr. Hamman said the FMBN remains committed to providing succour to Nigerians through loans and mortgage products that are affordable and convenient. “We have also given succour to Nigerians with the cancellation of equity requirement for NHF loans under N5 Million and a reduction in equity percentage payment to 10% for loans between N5 Million.