Nigeria: FMBN to Remove Equity Payment in Estates

In its determination to guarantee affordable housing to Nigerian workers, the Federal Mortgage Bank of Nigeria (FMBN) has vowed to remove equity payments in its completed estates across 10 states that would be used as a pilot project for soon to be launched rent-to-own scheme.

The managing director of FMBN, Ahmed Musa Dangiwa, an architect, stated this in Abuja while receiving eight-man delegation from the Nigeria Institute of Management (NIM) led by its president, Prof. Olakunle Iyanda.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.