Federal Mortgage Bank

Parent Organization: FEDERAL MINISTRY OF LANDS, HOUSING AND URBAN DEVELOPMENT

Type: Agency

Principal Officers

Dr. Duru Godwin

Director

Mr. Mike Nwogbo

Executive Director Organisation resources department

Quick Information

The Agency

Past Officials of the Agency

Finances
  • Staff size n/a
  • Revenues (IGR) n/a
  • Budget Allocation () n/a
  • Recurrent Expenditure n/a
  • Capital Expenditure n/a

Related Organizations/Units

Contact Information

Establishment Act

FEDERAL MORTGAGE BANK OF NIGERIA ACT

132_Law_FEDERAL MORTGAGE BANK OF NIGERIA ACT.pdf
Areas of statutory responsibilities and functions

(a) provide long-term credit facilities to mortgage institutions in Nigeria at such rates and such terms as may be determined by the Board in accordance with the policy directed by the Federal Government, being rates and terms designed to enable the mortgage institutions to grant comparable facilities to Nigerian individuals desiring to acquire houses of their own;

(b) license and encourage the emergence and growth of the required number of viable secondary mortgage institutions to service the need of housing delivery in all parts of Nigeria;

(c) encourage and promote the development of mortgage institutions at rural, local, State and Federal levels;

(d) supervise and control the activities of mortgage institutions in Nigeria;

(e) collect, manage and administer the National Housing Fund in accordance with the provisions of the National Housing Fund Act;

(f) do anything and enter into any transaction which in the opinion of the Board is necessary to ensure the proper performance of its functions under its enabling Act.

Addresses/Contact info of offices in all States and in FCT

The Mortgage House
Plot 266 Cadastral AO
Central Business District
PMB 2273, Garki, Abuja, Nigeria
Tel: 09-4601992, 09-4602102, 09-4602199, 09-4610410
Email: info@fmbn.gov.ng

130_Contacts_FEDERAL MORTGAGE BANK.pdf