Tag: FMBN

Naira devaluation worsens Nigeria's debt woes
News

FG to revitalize 46 abandoned housing projects nationwide

Federal Mortgage Bank of Nigeria has initiated the rehabilitation process in an effort to turn around approximately 46 abandoned housing estates throughout the nation. According to The PUNCH, the bank stated that this will be accomplished by collaboration with Shelter Afrique Development Bank, a pan-African financial organization that solely assists in the advancement of the […]

Why affordable housing can't be realistic in Nigeria - Developers
Real Estate

FMG boosts efforts to fulfil housing demands

In order to satisfy Nigerians’ need for housing, the Federal Mortgage Bank of Nigeria has stated that it is prepared to restructure and reorganize its operational activities. According to The Punch, a promise was made by the bank’s managing director, Madu Hamman, during its 2024 Management Retreat, which took place on Friday in Niger State.”Transformational Innovation […]

FMBN accuses IPPIS of failing to remit workers' N26bn contributions
News

FMBN accuses IPPIS of failing to remit workers’ N26bn contributions

The Integrated Personal Payroll Information System allegedly failed to transfer N26.6 billion in employee contributions during a two-year period, according to the Federal Mortgage Bank of Nigeria. This was stated on Thursday in Abuja by FMBN’s managing director, Mr. Madu Hamman, who was testifying before a House of Representatives Ad hoc committee looking into non-payment […]