Group laud FMBN for professionalism

April 3rd, 2018

A civil society /pressure group has rallied support for the Federal Mortgage Bank of Nigeria (FMBN) under the able leadership of Arc. Ahmed Musa Dangiwa, for establishing core values of integrity, good corporate governance practices and the repositioning of the mortgage industry for professionalism in line with his resolve to make our mortgage sector safe and secure for all Nigerians.

This is contained in a press release signed jointly by the Executive Secretary and Executive Director Research, Omoba Kenneth Aigbegbele and Com. Omede Charles of Citizens Watch Advocacy Initiative (CWAI) respectively, lauded the initiative of providing affordable housing schemes and the recapitalization plans of the mortgage industry as spearheaded by Arc. Dangiwa, the enactment of a new bill that seeks the establishment of the Institute of Mortgage Brokers and Leaders of Nigeria (IMBLN) for better regulation of the industry to provide regulatory policy framework, eliminate fraudsters, remove speculators and entrench sanity and decency in the industry. This new initiative and vigour of the helmsman at FMBN has attracted the attention and support of the National Assembly and the Federal Government as a veritable institution to safeguard the mortgage industry in the country.

According to the duo, they implored Nigerians to support the paradigm shift presently going- on in the mortgage industry and that they are encouraged by Arc. Dangiwaa��s leadership proactive style and more importantly, his remarkable and selfless campaign on sanitizing the industry and create an enabling environment for mortgage brokers to bring mortgage loans closer to Nigerians and to the lenders (mortgage banks), provide regulatory framework to promote and regulate the practices of mortgage brokerage and allied professional activities, so as to lay a solid foundation for mortgage development and the prosperity of Nigerians

They are also encouraged by Arc. Dangiwaa��s profile after a critical analysis of his performance to reposition the Federal Mortgage Bank of Nigeria (FMBN) since he took over the mantle of leadership. It is on record that the mortgage institution has witnessed a tremendous turn-around in the handling of its affairs, welfare, institutional capacity building and human capital development which can be compared to international best practices and in line with President Muhammadu Buharia��s change agenda of a new Social Housing Programme that is part of the Economic Recovery and Growth Plan (ERGP) launched recently.

They further remarked that Arc Dangiwa is a key asset in this administration vision for a�?Housing For Alla�? and therefore should be commended for modernizing, repositioning and revolutionizing the Federal Mortgage Bank of Nigeria (FMBN) and the mortgage industry through his dynamic, transparent and innovative policy framework and professionalism of the industry and enjoined all-well-meaning Nigerians to support his giant strides and transformational philosophy presently taking place in the industry.

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