The Managing Director of the Federal Housing Authority Mortgage Bank, Hayatudeen Atiku Awwal has stated that the Bank has accessed N27 billion in Mortgage loans for over 3,400 Nigerians since inception.
The Managing Director made the disclosure in Abuja on Tuesday at the commissioning of the New FHA Mortgage bank corporate headquarters in Abuja on Tuesday.
He said, ‘FHA Mortgage Bank was incorporated in 1997 and since then has been one of the biggest collaborato4 with the Federal Mortgage Bank of Nigeria.
‘I stand proud today to say that we have accessed well over 27 billion on behalf of 3,427 Nigerians. And these eligible contributors who are Nigerian have their houses across the 36 states of the federation including Abuja.
‘In addition, through the PENCOM retirement savings window, we facilitated access to mortgages for well over 6,000 Nigerians. Again, through the family home funds, we have delivered keys to residential buildings for our customers in Asaba, Delta State, among others with genuine developers,’ he said.
Speaking on the future plans of the authority, Awwal noted that ‘In the future, we are aiming to be a national bank. Already the Central Bank of Nigeria has been informed of that and they have located it, given us a checklist of what is outstanding and we pray and hope with our commitment that soon, this bank will be a national bank.
‘We also intend to expand at least 20 branches nationwide in the next 3 years to grow our active customer base to 100,000 families, to scale our loan portfolio to N100 billion,’ he added.
Also speaking, the Board Chairman of FHA Mortgage Bank, Hon. Oyetunde Ojo stated that the Mortgage Bank has over the years operated to aid Nigerians with Mortgage to build their own homes.