FMBN DISBURSES MAMMOTH SUM FOR HOUSING

FMBN DISBURSES MAMMOTH SUM FOR HOUSING

The Federal Mortgage Bank of Nigeria on Monday disclosed that it had disbursed the sum of N14.7bn to 17,062 beneficiaries across the country in the last two years under various loan windows.

Umar Abdullahi, The Executive Director, Business Development and Portfolio Management, FMBN, Umar Abdullahi, confirmed on Monday that the Federal Mortgage Bank of Nigeria has disbursed the sum of N14.7bn to 17,062 beneficiaries across the country in the last two years under various loan windows.

He made this declaration during the presentation of cheques to staff members of the Federal Medical Centre, Birnin-Kebbi, who benefited from the Home Renovation Loan scheme.

Abdullahi said, “The FMBN has approved and disbursed the sum of N123,914,000 to 157 staff beneficiaries of the FMC, Birnin-Kebbi. It may also interest you to note that the sum of N19 million was earlier disbursed by the bank to 19 staff members of the Kebbi State University of Science and Technology, Aliero.

“It may also interest you to note that the total sum of N14.7bn has so far been disbursed within the last two years by the bank to 17,063 beneficiaries across the country under this loan window.”

The bank, however, entreated with the Kebbi State Government to see to the immediate return of the state’s civil servants to the NHF scheme to ensure them benefit from the FMBN loan facilities.

 

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