The Managing Director/Chief Executive of the Federal Mortgage Bank of Nigeria (FMBN), Shehu Usman Osidi, has pledged the Bank’s commitment towards the delivery of 343 housing units for members of the Abuja Metropolitan Management Council (AMMC) Cooperative Society.
This was revealed during a courtesy visit by members of the Council led by the Coordinator, Mr. Felix Amaechi Obuah to the Bank’s headquarters in Abuja on Wednesday, January 8, 2024.
The leadership of the Council had visited the Bank to request the approval and release of the second tranche of funding to complete its ongoing project of 343 housing units designed to ease the housing needs of its members.
The project, being delivered under the Cooperative Housing Development Loan (CHDL), is one of the Bank’s numerous projects across the country to provide access to affordable housing to Cooperative societies whose members are contributors to the National Housing Fund (NHF).
Osidi applauded the management of AMMC for judiciously utilising the first tranche of funding that amounted to N500 million, released by the Bank to them in 2023. Expressing the Bank’s readiness to support continuity of the project, he emphasized that, “the Bank is open to doing business with organisations that demonstrate seriousness.”
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